DrStockPick.com Stock Report!

Friday August 21, 2009

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The board of directors of electric vehicle pioneer ZAP (OTCBB: ZAAP) unanimously elected Priscilla M. Lu, Ph.D. as Chair of its Board of Directors. Dr. Lu is a 30-year telecommunications and networking executive and entrepreneur formerly with AT&T Bell Laboratories as well as Founder, Chairman and CEO of interWAVE Communications Ltd., and ViDeOnline Communications Ltd.

AQUAGOLD INTERNATIONAL (Pink Sheets:AQUI), a global distributor of premier Canadian spring water products, announces its sponsorship of “Celebrating the Full Moon Together — A Series of Events Celebrating the 30th Anniversary of the Establishment of Diplomatic Relations between China and the United States.” The event will take

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Comstock Homebuilding Companies Inc. (Nasdaq: CHCI) functions as a diversified real estate development firm focused on affordable, residential products. The company builds and markets single-family homes, townhomes, mid-rise condominiums and more.

The company today announced an agreement with Regions Bank regarding approximately $5.3 million of the company’s $144 million of secured debt as of June 30, 2008. Per the forbearance and conditional release agreement, Comstock will work with Regions with respect to its foreclosure on its real estate assets in Georgia. Regions will relieve Comstock from its obligations on three properties with no deficiency liability post-foreclosure.

Christopher Clemente, Comstock’s chairman and CEO said the announced deal will assist the company in gaining a foothold in meeting the demands of today’s market.

“The agreement we entered into with Regions today is the result of our continued focus on restructuring a significant portion of our debt and positioning Comstock to survive

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Avid Stockmasters readers know that we rarely mention penny stocks or OTC (with exception of Steve Reeves, our OTC specialist) In the past week, Comstock Homebuilding (Public, NASDAQ: CHCI) had risen 270%. The question is, will it break through resistance at $1 share, or drop back down? There is no easy answer to this question. But we do know a ...