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February 17, 2014
18:17 EDTDRCDresser-Rand says Q4 operating income lower than expected
Dresser-Rand said, "Our fourth quarter operating income before the potential impact of the proposed Spanish regulation is expected to be at a record level for our Company; however, it will be lower than our earlier expectation due primarily to the two items mentioned above. Additionally, we expect to report a record level of aftermarket bookings for 2013, and while new unit bookings for 2013 were affected by project delays during the course of the year, especially in the upstream part of the business, we had a strong level of bookings in the fourth quarter 2013. We also saw in the fourth quarter improvement in our net working capital and operating margins."
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May 1, 2015
07:36 EDTDRCEner-Core enters pact for $810,000 private placement of 5.4M restricted shares
Ener-Core (ENCR) has entered into a definitive agreement for a private placement of its common stock for aggregate gross proceeds of $810,000. Ener-Core intends to use the proceeds from this private placement for general corporate purposes and to fulfill the capital requirements for its global licensing agreement with Dresser-Rand (DRC). Upon closing of the transaction, which is expected on or around May 1, Ener-Core will receive gross proceeds of approximately $810,000 in exchange for the issuance of 5.4M restricted shares of Ener-Core’s common stock at a purchase price of 15c per share.
April 28, 2015
11:04 EDTDRCOptions with increasing implied volatility
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