Important Updates For Today: LabStyle Innovations (DRIO), Green Cures (GRCU), MyEcheck (MYEC)

Posted In Business, Technology - By Maria Lyons On Wednesday, September 24th, 2014 With 0 Comments

Dallas, Texas 09/24/2014 (ustradevoice) – LabStyle Innovations Corp (OTCMKTS:DRIO) expects to have some cash to address its financial problems. However, the manner in which the company is raising the funds lacks inspiration for the investors. After diluting its shares massively by about 325% in just over three months, the company is at it again. It announced a private placement of preferred stock and warrants through which it seeks to tap about $4.1 million in net proceeds. While the company has good use for the funds, continued stock dilution comes as bad news to shareholders to say the least. That explains why the stock continues to exist in the red. It was down almost 8% in the early afternoon Wednesday. LabStyle Innovations Corp (OTCMKTS:DRIO) reported no revenue in its most recent quarter, but is a net loss perched at $3.2 million.

Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) continues to exhibit the characteristics of a typical pot stock. A back and forth movement has been witnessed in the stock so far this year, giving it a mindboggling gain of 4850% year-to-date, but down 41% in the past three months. However, Green Cures (GRCU) continues to speak about its ability to become the best thing that investors want from it. The $16.2 million pot stock announced the launch of another of its hemp-shipping websites. It said the website known as Allbotanical.com, would give it international exposure as it seeks to tap business opportunities in the U.S., as well as the offshore markets.

MyEcheck Inc (OTCMKTS:MYEC) is slowly but surely attracting new business opportunities or even partners to its side. The company entered an agreement with Sionic Mobile in which it will provide the customer with fraud control and electronic check service technologies among others. Sonic Mobile is a leader in mobile promotions, payments and rewards. In a recent move, MyEcheck Inc (OTCMKTS:MYEC) also announced that it was on course to bringing its earlier promised mobile payment app to the market. The company officials said they suffered a setback when a service partner pulled out, but they have secured another agreement to complete the app. The mobile app is expected to launch in January 2015.

About the Author

- Maria Lyons graduated from the University of Chicago with a degree in Communication and Philosophy.

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