Tikcro Technologies announces Q3 2008 financial results and management change

Fri. November 28, 2008; Posted: 08:40 AM

Nov 28, 2008 (M2 EQUITYBITES via COMTEX) -- TIKRF | Quote | Chart | News | PowerRating -- Tikcro Technologies Ltd. (OTC BB: TIKRF), a company that has holdings in BioCancell Therapeutics Inc, a clinical-stage biopharmaceutical company, announced yesterday (27 November) its financial results for the third quarter and nine months ended 30 September 2008. A The company's net income for the third quarter that ended 30 September 2008 was USD550,000 (USD0.07 per share), up when compared to USD61,000 (USD0.01 per diluted share) for the same quarter of 2007. A The net income for the nine months which ended 30 September 2008 was USD479,000 (USD0.06 per diluted share) an improvement over the net income of USD162,000 (USD0.02 per diluted share) in the third quarter a year ago. A The company had cash and marketable securities totalling USD7.8m as of 30 September 2008. In July 2008, Tikcro acquired common stock, a convertible note and a warrant of BioCancell for a total amount of USD2.5m. A Tikcro further stated that Eric Paneth has been appointed as a member of the board of directors, as its CEO. He has agreed to serve in the position of CEO for no consideration. Aviv Boim, Tikcro's former chief executive officer, will continue to serve as Tikcro's nominee to the board of directors of BioCancell, as noted in the company's prior US Securities and Exchange Commission filings.

Comments on this story may be sent to admin@m2.com

For full details for TIKRF click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

Tax Relief Bank Levy Wage Garnishment

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.