Even though it’s far from its glory days, Nokia Corp. (OTCQB: NOKBF) showed the world last week it is still capable of chalking up some significant wins.
Settles HTC Lawsuits
Cellphone maker Nokia’s stock volume soared Feb. 14, 2014 with 1,769,294 shares changing hands, more than four times its three-month daily average of 410,630 shares.
This robust surge in volume came on the news Feb. 12 that Nokia has agreed to settle its longstanding patent lawsuits against HTC Corp.
Under the terms of the settlement that brings an end to 60 lawsuits in several countries, HTC will pay Nokia to license and use the patents in question. However, the companies declined to disclose any more specifics or the amounts to be paid. The once bitter enemies have also agreed to collaborate on technology and patents, but once again declined to outline any specifics.
Going Android
The same week, Nokia reiterated that it is going to soon launch a smartphone that uses Google’s Android operating system before Microsoft acquires the company. In September of 2013, Nokia agreed to sell its hardware business to the software giant for $7.9 billion. Sources say that Nokia will announce the launch of its new smartphone in Spain later this month at the Mobile World Conference.
Industry experts contend that Nokia is launching an Android-driven smart phone in order to position itself to sell lower-cost smartphones in emerging markets such as China and India. If this is the case and the all goes as planned, Nokia’s patent settlement coupled with a new inexpensive smartphone could resurrect the Nokia brand.
On Feb 14, NOKBF 's share price closed at $7.12, down 15 cents from its closing price of $7.27 the previous day.
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Location and Location
Meanwhile on the marijuana penny-stock front, Colorado Springs, Colo-based Advanced Cannabis Solutions (OTCQB: CANN) is an interesting company that has two strong practical points going for it: It's headquartered in the middle of one of the first, vibrant legal-marijuana marketplaces in the country and it's just been approved for a major line of credit.
These two elements are essential for the company to be able to build and equip the facilities it wants to rent to cannabis growers, which by the way, certainly fits the criteria of being a practical and promising product or service.
In Colorado alone, the medical marijuana market is estimated to be $350 million in size while the legalization of recreational marijuana could expand that figure to over $500 million in 2014 by some accounts. These figures are significantly larger throughout the United States. Some analysts estimate the total market at between $10 billion and $120 billion per year in size, depending on the success of various legalization efforts and the components included in the estimates.
Just Got New 30-Million Credit Line
On Jan. 21, Advanced Cannabis Solutions announced that it had established a $30-million credit line.
According to a release, Advanced Cannabis Solutions signed a definitive agreement with Full Circle Capital Corp., a closed-end investment company. The agreement provides that the investment fund will initially provide $7.5 million to the Company in the form of Senior Secured Convertible Notes, subject to certain conditions. An additional $22.5 million can be borrowed by Company with the mutual agreement of the Company and the investment company.
At least 95% of the loan proceeds will be used to acquire properties, which the company consistent with its business plan, will lease to licensed cannabis growers.
"The six-year loan will be secured by real estate acquired with the loan proceeds, and will require interest-only payments at a rate of 12% per year," the release explained, outlining the agreement.
On Feb 14, CANN's share price closed at $12.30, up 30 cents from its closing price of $12.05 the previous day.
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Bailout from Mortgage Meltdown Finally Paid
While it seems like an eternity since the mortgage implosion and the economic nightmare it wrought, Freddie Mac is recovering slowly but steadily.
When it paid a dividend of $30.4 billion last December, Freddie Mac, Federal Home Loan Mortgage Corp. (OTCBB: FMCC), paid back all of the $71.3 billion it received as a bailout from the government plus an additional $9 billion, according to ValueWalk.
This is the beginning of nice recovery for the government-backed residential mortgage lender that could be bolstered further by a robust housing market.
On Feb. 14, FMCC shares closed at $3.00 up 1 from its closing price of $2.99 the previous day, on volume of 4,703,603 shares.
Find out what could be the best investor’s move when it comes to FMCC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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