Small Cap News Movers for 6/2/09

TOP Ships Inc. (NASDAQ: TOPS) announced today that it will be releasing its first quarter 2009 results on Friday, June 5, 2009, before market opening. That same day, at 11:00AM ET, the management has also scheduled for a conference call, which will be broadcast live over the Internet. Those interested in listening to the live webcast may do so by going to the Company's website at www.topships.org, or by going to www.investorcalendar.com. An online archive will also be available immediately following the call at the sites noted above. The stock closed at $3.52, up 53.71%, on 622,813 traded shares.

 

Orexigen® Therapeutics, Inc. (NASDAQ: OREX), a biopharmaceutical company focused on the treatment of obesity, announced the schedule of its upcoming Contrave® (naltrexone sustained release (SR)/bupropion SR) presentations taking place at the American Diabetes Association (ADA) 69th Scientific Sessions, June 5-9, 2009, and the 91st Annual Meeting of the Endocrine Society (ENDO), June 10-13, 2009. The complete schedule can be read at: http://bit.ly/3303BQ. The stock closed at $4.37, up 20.72%, on 476,735 traded shares.

 

Collectors Universe, Inc. (NASDAQ: CLCT) announced this morning that it is commencing a modified Dutch Auction tender offer to purchase up to 1,750,000 shares of its common stock at a price per share of not less than $5.00 and not greater than $5.40, for a maximum aggregate purchase price of approximately $9,450,000. The Company expects the tender offer to expire at 12:00 Midnight, Eastern Time, on July 2, 2009, unless extended or withdrawn. The Company intends to fund this tender offer with cash on hand. The stock closed at $5.22, up 14.73%, on 58,010 traded shares.

 

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