On Wednesday, Shares of Nokia Corp (ADR)(NYSE:NOK), subtract -1.21% and closed at $5.71 in the last trading session. The last trading range of the stock ranges between $5.69 and $5.77. The company’s Market capitalization is $33.83 Billion with the total Outstanding Shares of 5.77 billion. Inventergy Global, Inc. ( NASDAQ : INVT ) (“Inventergy” or the “Company”) recently offered an update to shareholders regarding the Company’s recently signed debt amendment to its debt repayment terms and letter of intent (“LOI”) with Fortress Investment Group (“Fortress”). The Company revealed its planned agenda with respect to its patent portfolio and talked about the noteworthymarket potential pertaining to its patent assets that can enhance shareholder value and assist create profitability and growth. The Company also clarified that the potential deal with Fortress eliminates all of its structured debt (over $23 million) and reduces its expenses by nearly $1.3 million per quarter in exchange for a revenue sharing agreement with Fortress.
Joe Beyers, Chairman and CEO of Inventergy, said, “Although we’ve closed more than $7.5 million in patent monetization transactions, this is only a fraction of the value of our patent portfolio. Our recently declared non-binding LOI to partner with Fortress is a huge step forward for us as it allow us to simultaneously clean up our balance sheet and debt structure while potentially providing us with substantially improved resources for patent enforcement. We believe partnering with Fortress will assist Inventergy to realize the true value of our assets. Large companies in the mobile handset and infrastructure markets may face a much more formidable opponent when facing patent enforcement actions. The completion of this non-binding LOI provides Inventergy with substantial operating flexibility to not only tightly support the Fortress-funded patent monetization activities, but also allow us greater freedom to focus on our fast-growing Inventergy Innovations partner.”
Eldorado Gold Corp (USA)(NYSE:EGO), jumped 0.86% and closed at $3.53 in the last trading session. The last trading range of the stock ranges between $3.40 and $3.60. The company’s Market capitalization is $2.34 Billion with the total Outstanding Shares of 716.59 Million. Eldorado Gold Corporation will release its Q3 2016 Financial and Operational Results after the market closes on Thursday October 27, 2016. Paul Wright, President and Chief Executive Officer of the Company, will host a conference call on Friday October 28, 2016 at 8:30 am PT (11:30 AM ET). The call will be webcast and can be accessed at Eldorado Gold’s website.
Continental Resources, Inc. (NYSE:CLR), jumped 3.97% and closed at $53.90 in the last trading session. The last trading range of the stock ranges between $52.86 and $54.34. During the 52-week trading session the minimum price at which share price traded, registered at $13.94 and reached to max level of $54.34. Continental Resources, Inc. (CLR) (the “Company”) declared recently that it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 (the “2020 Notes”) and 7 1/8% Senior Notes due 2021 (the “2021 Notes”) on November 10, 2016, the redemption date for both the 2020 Notes and 2021 Notes.
The redemption price for the 2020 Notes will be equal to 102.458% of the principal amount plus accrued and unpaid interest, if any, to the redemption date of November 10, 2016 in accordance with the terms of the 2020 Notes and the related indenture under which the 2020 Notes were issued. The aggregate principal amount of the 2020 Notes outstanding is $200 million.
The redemption price for the 2021 Notes will be equal to 103.563% of the principal amount plus accrued and unpaid interest, if any, to the redemption date of November 10, 2016 in accordance with the terms of the 2021 Notes and the related indenture under which the 2021 Notes were issued. The aggregate principal amount of the 2021 Notes outstanding is $400 million.