Converted Organics Inc. (NASDAQ: COIN) recently announced that it has regained
compliance with Nasdaq listing requirements in regards to the minimum $2.5
million stockholders equity. The company is notified that it must evidence
continued compliance with Listing Rule 5550(b)(1) upon filing its next periodic
report; otherwise, it may be subject to delisting. With this announcement, the
company expects that Nasdaq will grant an additional 180-day grace period for
the company to raise its closing bid price of its common stock to $1per share or
greater for 10 consecutive business days. Converted Organics is in the business
of processing facilities that use food waste and other raw materials to
manufacture all-natural fertilizer and soil amendment products combining
nutritional and disease suppression characteristics. Potash Corp./Saskatchewan
(USA) (NYSE: POT) recently announced the pricing of an offering of U.S. $500
million aggregate principal amount of 3.25% notes due December 1, 2017, and U.S.
$500 million aggregate principal amount of 5.625% notes due December 1, 2040.
The company had intended to use the net proceeds from the offering for general
corporate purposes, including repurchases of its common shares pursuant to its
U.S. $2.0 billion share repurchase program. Potash Corporation of Saskatchewan
owns and operates five potash mines in Saskatchewan and one in New Brunswick. It
also holds mineral rights at the Esterhazy mine and potash is produced under a
mining and processing agreement with a third party. The Dow Chemical Company
(NYSE: DOW) yesterday announced its plans to build a propylene glycol plant in
Map Ta Phut, Thailand, with a production capacity of up to 150 KTA. The new PG
facility will utilize propylene oxide (PO) derived from the new, sustainable
hydrogen peroxide to propylene oxide (HPPO) technology, developed jointly by Dow
and BASF. The HPPO plant is being constructed as part of the integrated joint
venture liquids cracker and derivatives project in Thailand with Siam Cement
Group. Dow engages in the manufacture and sale of chemicals, plastic materials,
agricultural and services, and other specialized products and services. Monsanto
Company (NYSE: MON) recently announced the appointment of Laura K. Ipsen to the
companys Board of Directors. Ipsen currently serves as the senior vice
president and general manager, Connected Energy Industries, for Cisco, the
worldwide leader in networking technology. The company also declared a quarterly
dividend on its common stock of 28 cents per share. The dividend relates to the
companys first quarter of its 2011 fiscal year. Monsanto provides agricultural
products for farmers. Its seeds, biotechnology trait products, and herbicides
offers farmers with solutions that improve productivity, reduce the costs of
farming, and produce better foods for consumers and better feed for animals. The
Mosaic Company (NYSE: MOS) recently announced that it will issue its second
quarter fiscal 2011 earnings results and financial tables on Tuesday, January 4,
2011, after the close of trading on the New York Stock Exchange. The company
also recently declared a quarterly dividend of $0.05 per share on the companys
common stock. Mosaic produces and markets of concentrated phosphate and potash
crop nutrients for the global agriculture industry. Disclosure: This corporate
profile is provided for information purposes only and should not be used as the
basis for any investment decision. We are neither licensed nor qualified to
provide investment advice. We were not paid, nor do I hold a position in these
stocks. We reserve the right to buy or sell COIN, POT, DOW, MON and MOS at any
time after this post.
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