New York, New York, October 11, 2012 -- AMARANTUS BIOSCIENCES INC(OTC:AMBS) plunged 15.25% to $0.0050 on a traded volume of 1.54 million shares.Rainbow BioSciences and Amarantus Biosciences have moved into the final stages of the terms for a deal. The pending joint venture agreement will see the two entities working together to move the Amarantus NuroPro Parkinson's diagnostic platform towards commercialization.
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IceWEB Inc (OTC:IWEB) moved up 7.14% to $0.0750 on a traded volume of 542k shares.The Company is making its full and final note payment to Iroquois Master Fund Ltd. Iroquois Master Fund Ltd is the Company’s largest Senior Convertible Notes investor. IceWEB will have paid off two of the three Senior Convertible Note holders.The Senior Convertible Notes stem from a financing transaction entered into by the Company in November 2011.
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mPhase Technologies Inc (OTC:XDSL) is currently trading at $0.0013 on a traded volume of 447k shares. The Company is completing arrangements in cooperation with Invest in Francefor a second round of meetings at the Grenoble Technology Cluster known as Minalogic. Invest in France is an agency of the French government. The Cluster consists of government, corporate and educational members that are engaged in high technology research in the leading scientific disciplines.
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PACWEST EQUITIES INC (PINK:PWEI) surged up 14.56% to $0.271. The Company has entered into a Letter of Intent to purchase PurGro Electronics LLC in exchange for cash and stock. The deal is valued at US$15M. The transaction includes PurGro's current sales volume of $1.5M annually along with 5 international patents pending in China and 11 patents to be filed in the US.
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OncoSec Medical Inc (OTC:ONCS) declined 1.35% to $0.365.The Company is conducting Phase 2 clinical trials for a therapy called Immunopulse. Immunopulse taps the body’s immune response to destroy cancer cells.OncoSec Medical Incorporated is an emerging drug-medical device company.
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