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Weekly Update: T3 Motion Finishes $11.1 Million Public Offering

23 May 2011

T3 Motion Inc Common Stock (AMEX:TTTM), a producer of clean tech/green tech electric personal mobility vehicles, today declared that it has completed its $11.1 million public offering of 3,171,429 components of its securities. Each component consists of 1 share of its common stock (NYSE Amex: TTTM), 1 Class H Warrant (NYSE Amex: TTTM.Z) and 1 Class I Warrant (NYSE Amex: TTTM.W). The $11.1 million contains the exercise of the underwriters’ over-allotment option to acquire additional 314,286 unit shares of the Company’s common stock at the public offering cost of $3.50 a share.

Total takings from the public offering, after underwriters’ discount, were about $10.2 million (before transaction expenses). Of the total, roughly $10.0 million was from the public offering of units and about $1.1 million was from the application of the over-allotment option.

T3 Motion expects that the net takings of this offering will be utilized to pay back outstanding indebtedness, the balance of a settlement obligation and for general working capital reasons, which may comprise amplified spending of for research and development, sales and marketing and the employing of additional employees. None of T3 Motion’s management, employees, affiliates, or other stockholders is selling securities in this offering.

Amex Composite Index (XAX.X) opened the day at 2,375.83, gained +9.09 points or +0.38% and closed at 2,384.92 however its 52 week range firmed at 1,689.19 - 2,867.23. It showed a positive weekly performance of 1,062.95 points or 80.41%.

The Stocks that showed the higher weekly performances includes; Cheniere Energy, Hyperdynamics, Quepasa, Paramount Gold and Silver and Rentech.

Cheniere Energy, Inc. (AMEX:LNG) obtained authorization on Friday from the Department of Energy to export US natural gas to main importers abroad, the first such approval in over forty years, the company announced on Friday.

Hyperdynamics Corporation (AMEX:HDY) reported the gain of 4.96% closed at $4.02 with the total traded volume of 2.53 million shares. Its price to book ratio ended at 3.30 and its price to cash per share was $3.16. Its market capitalization is $499.53 million. The stock owned by the Financial Institutions was 26.63% while by insiders was 0.01%.

Quepasa Corporation (AMEX:QPSA) reported the loss of 0.13% to close at $7.40 with the overall traded volume of 1.15 million shares. Its total outstanding shares are 16.18 million shares with the market capitalization of $119.73 million. Company’s 5 years revenue rate remained 51.24%. Its current ratio was 11.90 and debt to equity was 0.48. Its beta value stands at 1.35 times.

Paramount Gold and Silver Corp. (AMEX:PZG) went up 5.61% to close at $3.01 with the total traded volume during last trading session was 1.31 million shares. Its total outstanding shares are 132.08 million shares with the market capitalization of $397.56 million. Its beta value stands at 1.61 times.

Rentech, Inc. (AMEX:RTK) as of May 23, 2011 has an Enterprise Value of $272.58 million where in most recent quarter it had a total cash in hand amounted to $77.32 billion and $129.27 million total debt with a $0.12 book value per share.

crweAs most of the business sectors settled red Friday the services sector also declined by -0.59%. With commerce in the services sector, Crown Equity Holdings Inc CRWE controls its valuable business by managing its global presence and renders industry leading services to a class of customers.

After experiencing an optimistic business on Friday, CRWE stock price reduced 2.50% and settled near $0.0195.

Talking about company’s generic overview, Crown Equity Holdings Inc is a ubiquitous services provider and a significant position holder in the world business. As a differentiated business, Company possesses technological advancements and delivers electronic media services being specialized in online publishing on its global network of Web sites, which bridges targeted audiences and advertisers that want to reach them.

Company provides Internet marketing through Advertising Campaigns. CRWE’s advertisement services prepare and make available the information about your company and then distribute that information through various on-line resources each business day.

To sum up the situation, total 485 stocks are listed on AMEX out of which 207 remained up for the day and 213 remained down for the day, rest remained unchanged whereas 4 marked New Highs and 6 logged New Lows.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

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