On Thursday, Shares of Nokia Corp (ADR) (NYSE:NOK), subtract 2.98% and closed at $5.54 in the last trading session. The last trading range of the stock ranges between $5.52 and $5.59. 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.”
Marathon Petroleum Corp (NYSE:MPC), jumped 0.21 % and closed at $42.36 in the last trading session. The last trading range of the stock ranges between $41.64 and $42.64. The company’s Market capitalization is $22.28 Billion with the total Outstanding Shares of 528.76 Million. MPLX LP (MPLX), a master limited partnership sponsored by Marathon Petroleum Corporation (MPC), will host a conference call Thursday, Oct. 27, at 11 a.m. EDT to discuss 2016 third-quarter financial results, which will be released earlier that day, and to provide an update on partnership operations.
MPLX participants will be Gary R. Heminger, chairman and chief executive officer; Donald C. Templin, president; Pamela K.M. Beall, executive vice president and chief financial officer; and other senior executives. The call will be hosted by Lisa Wilson, director of shareholder relations.
Interested parties may listen to the conference call by dialing 1-800-446-1671 (confirmation number 43396866) or by visiting MPLX`s website at http://www.mplx.com and clicking on the “2016 Third-Quarter Financial Results” link in the “News & Headlines” section. Financial information, counting the earnings release and other shareholder-related material, also will be available online. Replays of the conference call will be available on the partnership`s website through Wednesday, Nov. 9.
CONSOL Energy Inc. (NYSE:CNX), gained 1.30 % and closed at $20.21 in the last trading session. The last trading range of the stock ranges between $19.65 and $20.30. During the 52-week trading session the minimum price at which share price traded, registered at $4.54 and reached to max level of $20.46. CONSOL Energy Inc. (CNX) will issue its third quarter earnings release at 6:45 a.m. Eastern Time on Tuesday, November 1. This will be followed by a conference call at 10:00 a.m. Eastern Time. A live webcast will be available on the ‘Shareholder Relations’ page of the company’s website. Also, earnings call slides will be available at 6:45 a.m. Eastern Time on Tuesday, November 1, on the ‘Shareholder Relations’ page of the company’s website.