September 24, 2013
Mr. Bryan J. Pitko for
Mr. Jeffrey P. Reidler
Assistant Director
Securities and Exchange Commission
Re: TNI BioTech, Inc. Response to Comment Letter Dated September 11, 2013 regarding Amendment No. to 3 Registration Statement on Form 10-12G
Filed July 18, 2013
File No. 000-54933
Dear Messrs Pitko and Riedler:
On behalf of TNI BioTech, Inc. (the “Company”) we are submitting the following responses to the Securities and Exchange Commission Staff’s letter of August 13, 2013 containing comments regarding the Amendment No. 2 to Registration Statement on Form 10-12G filed on July 18, 2013. This letter contains the Company’s responses to Comments #3 and #4. A complete response will follow.
Item 2. Financial Information
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations – Year Ended December 31, 2012 Compared to Year Ended
Stock Issued for Services and Stock Warrant Expense, page 59
3. We acknowledge the information provided in response to prior comments 7, 12 and 13.
Please reference for us the authoritative literature you rely upon to support your accounting for stock at par value when trading volume is insufficient to support the use of trading value.
The Company issued 11,040,000 shares using the par value ($.001). Of these shares 5,040,000 were issued in connection with employment agreements and 6,000,000 shares were issued for patents.
The par value of the stock was used to value these shares because the stock did not have a true fair market value due to limited trades. Additionally, the trades are not reflected on Yahoo due to the limited activity. The fair market value according to the OTC Markets was $.009 per share. The above schedule illustrates the value originally given to the common shares recorded at par value as well as the net effect on the financial statements and earnings per share if the transaction was recorded at the OTC Markets fair market value. The net effect is not material to the financial statements and the Company does not believe the financial statements should be restated. (A spreadsheet will the open, close, high and low prices and the trading volume is attached for the entire 2012 calendar year as downloaded from OTCmarkets.com)
| | | | | | | | | | | | | | | | | | Net Effect on Financial Statements | |
| | | Shares | | | Amount Recorded | | | FMV | | | Amount at FMV | | | Diff | | | Assets | | | Liabilities | | | Equity | | | Net Income (Loss) | |
Shares issued for services (Founder Shares): | | | | | | | | | | | | | | | |
Griffin | 3/26/2012 | | | 2,040,000 | | | $ | 2,400 | | | $ | .009 | | | $ | 18,360 | | | $ | 16,320 | | | $ | - | | | $ | - | | | $ | - | | | $ | (16,320 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pearce | 3/26/2012 | | | 3,000,000 | | | | 3,000 | | | $ | .009 | | | | 27,000 | | | | 24,000 | | | | - | | | | - | | | | - | | | | (24,000 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares issued for patents: | | | | | | | | | | | | | | | | | | | | | | | | | |
Plotnikoff | 3/4/2012 | | | 6,000,000 | | | | 6,000 | | | $ | .009 | | | | 54,000 | | | | 48,000 | | | | 48,000 | | | | - | | | | 48,000 | | | | | |
Amortization of patent for eight months | | | | | | | | | | | | | | | | (4,571 | ) | | | | | | | | | | | (4,571 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | 11,040,000 | | | $ | 11,040 | | | $ | .009 | | | $ | 99,360 | | | $ | 88,320 | | | $ | 43,429 | | | $ | - | | | $ | 43,429 | | | $ | 44,891 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Total per December 31, 2012 financial statements | | | | 19,027,237 | | | | 1,683,400 | | | | 17,343,837 | | | | (174,989,490 | ) |
| | | | Percentage to total | | | | 0.25 | % | | | 0.00 | % | | | -0.28 | % | | | 0.02 | % |
| | | | Weighted average shares outstanding | | | | | | | | | | | | | | | | 25,583,111 | |
| | | | Weighted average shares outstanding as reported | | | | | | | | | | | | | | | $ | (6.84 | ) |
| | | | Weighted average shares outstanding if difference was recorded | | | | | | | | | | | | | | | $ | (6.84 | ) |
4. Please refer to your response to comment 8. For stock issuances which were issued at a discount to the trading price, please disclose the terms, restrictions of the issuance, and the amount the discount.
The Company issued 7,260,000 shares of common stock for cash totaling $1,134,000 to unrelated third party investors. The common stock was issued with 144 restrictions. The fair market value for the common stock using the prices reported on the OTC market was $23,345,550 which resulted in a “discount” of $22,211,550. However, as discussed in our SEC response, the trading volume was limited and the Company was not able to find an investor (or group of investors) willing to pay the trading value as reported on the OTC Market shares for a block of restricted shares and the price had to be lowered in order to raise the capital needed by the Company for operations. Additionally, the Company also issued 7,260,000 warrants as an inducement for the sale of common stock. The fair market value of the warrants was calculated using the Black Scholes model and was expensed when issued.
The Company acknowledges that:
● the Company is responsible for the adequacy and accuracy of the disclosure in the filing;
● staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
● the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
You may contact Brinen & Associates, LLC, specifically Stephanie Gruenhagen and Joshua Brinen regarding any questions, clarifications or additional information at 212-330-8151 or corporateaction@brinenlaw.com.
Sincerely,
/s/ Noreen Griffin
Noreen Griffin
Chief Executive Officer
Date | | Open | | | High | | | Low | | | Close | | | Volume | | | VolumeTotal | |
1/3/2012 | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | | 0 | | | | 0 | |
1/4/2012 | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | | 0 | | | | 0 | |
1/5/2012 | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | $ | 21.00 | | | | 0 | | | | 0 | |
1/6/2012 | | $ | 20.00 | | | $ | 20.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 71 | | | | 71 | |
1/9/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/10/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/11/2012 | | $ | 24.80 | | | $ | 29.00 | | | $ | 24.80 | | | $ | 29.00 | | | | 9 | | | | 9 | |
1/12/2012 | | $ | 29.00 | | | $ | 30.00 | | | $ | 28.00 | | | $ | 30.00 | | | | 130 | | | | 130 | |
1/13/2012 | | $ | 32.00 | | | $ | 32.00 | | | $ | 32.00 | | | $ | 32.00 | | | | 2 | | | | 2 | |
1/17/2012 | | $ | 28.00 | | | $ | 28.00 | | | $ | 20.00 | | | $ | 20.00 | | | | 45 | | | | 45 | |
1/18/2012 | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | | 0 | | | | 0 | |
1/19/2012 | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | | 0 | | | | 0 | |
1/20/2012 | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | | 20 | | | | 20 | |
1/23/2012 | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | $ | 20.00 | | | | 0 | | | | 0 | |
1/24/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 4 | | | | 4 | |
1/25/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/26/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/27/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/30/2012 | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 0 | | | | 0 | |
1/31/2012 | | $ | 18.00 | | | $ | 19.00 | | | $ | 18.00 | | | $ | 18.00 | | | | 28 | | | | 28 | |
2/1/2012 | | $ | 16.00 | | | $ | 18.00 | | | $ | 16.00 | | | $ | 17.00 | | | | 46 | | | | 46 | |
2/2/2012 | | $ | 17.00 | | | $ | 17.00 | | | $ | 17.00 | | | $ | 17.00 | | | | 0 | | | | 0 | |
2/3/2012 | | $ | 17.00 | | | $ | 17.00 | | | $ | 17.00 | | | $ | 17.00 | | | | 0 | | | | 0 | |
2/6/2012 | | $ | 16.00 | | | $ | 16.00 | | | $ | 16.00 | | | $ | 16.00 | | | | 5 | | | | 5 | |
2/7/2012 | | $ | 16.00 | | | $ | 16.00 | | | $ | 16.00 | | | $ | 16.00 | | | | 0 | | | | 0 | |
2/8/2012 | | $ | 14.00 | | | $ | 14.00 | | | $ | 11.00 | | | $ | 11.00 | | | | 16 | | | | 16 | |
2/9/2012 | | $ | 13.00 | | | $ | 13.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 35 | | | | 35 | |
2/10/2012 | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 0 | | | | 0 | |
2/13/2012 | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 0 | | | | 0 | |
2/14/2012 | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 0 | | | | 0 | |
2/15/2012 | | $ | 15.50 | | | $ | 15.50 | | | $ | 15.50 | | | $ | 15.50 | | | | 8 | | | | 8 | |
2/16/2012 | | $ | 15.50 | | | $ | 15.50 | | | $ | 15.50 | | | $ | 15.50 | | | | 0 | | | | 0 | |
2/17/2012 | | $ | 12.00 | | | $ | 15.80 | | | $ | 12.00 | | | $ | 15.80 | | | | 6 | | | | 6 | |
2/21/2012 | | $ | 15.80 | | | $ | 15.80 | | | $ | 15.80 | | | $ | 15.80 | | | | 3 | | | | 3 | |
2/22/2012 | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 10 | | | | 10 | |
2/23/2012 | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | $ | 10.00 | | | | 0 | | | | 0 | |
2/24/2012 | | $ | 9.00 | | | $ | 9.00 | | | $ | 9.00 | | | $ | 9.00 | | | | 22 | | | | 22 | |
2/28/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
2/29/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/1/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/2/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
Date | | Open | | | High | | | Low | | | Close | | | | Volume | | | | VolumeTotal | |
3/5/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/6/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/7/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/8/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/9/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/12/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/13/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/14/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/15/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/16/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/19/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/20/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/21/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/22/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/23/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/26/2012 | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | $ | 0.01 | | | | 0 | | | | 0 | |
3/27/2012 | | $ | 11.00 | | | $ | 11.00 | | | $ | 10.01 | | | $ | 10.01 | | | | 660 | | | | 660 | |
3/28/2012 | | $ | 10.01 | | | $ | 10.01 | | | $ | 10.01 | | | $ | 10.01 | | | | 0 | | | | 0 | |
3/29/2012 | | $ | 10.01 | | | $ | 10.01 | | | $ | 10.01 | | | $ | 10.01 | | | | 0 | | | | 0 | |
3/30/2012 | | $ | 9.00 | | | $ | 9.00 | | | $ | 9.00 | | | $ | 9.00 | | | | 190 | | | | 190 | |
4/2/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 319 | | | | 319 | |
4/3/2012 | | $ | 7.00 | | | $ | 7.00 | | | $ | 6.00 | | | $ | 6.00 | | | | 1743 | | | | 1743 | |
4/4/2012 | | $ | 6.00 | | | $ | 6.00 | | | $ | 6.00 | | | $ | 6.00 | | | | 0 | | | | 0 | |
4/5/2012 | | $ | 6.00 | | | $ | 6.00 | | | $ | 6.00 | | | $ | 6.00 | | | | 200 | | | | 200 | |
4/9/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 101 | | | | 101 | |
4/10/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/11/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/12/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/13/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/16/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/17/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/18/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/19/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/20/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/23/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/24/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/25/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/26/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/27/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
4/30/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/1/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/2/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
Date | | Open | | | High | | | Low | | | Close | | | | Volume | | | | VolumeTotal | |
5/3/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/4/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/7/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/8/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/9/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/10/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/11/2012 | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | $ | 8.00 | | | | 0 | | | | 0 | |
5/18/2012 | | $ | 5.00 | | | $ | 5.00 | | | $ | 4.50 | | | $ | 4.50 | | | | 923 | | | | 923 | |
5/21/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/22/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/23/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/24/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 275 | | | | 275 | |
5/25/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/29/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/30/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
5/31/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
6/1/2012 | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | $ | 4.50 | | | | 0 | | | | 0 | |
6/4/2012 | | $ | 4.00 | | | $ | 4.00 | | | $ | 2.60 | | | $ | 2.60 | | | | 2100 | | | | 2100 | |
6/5/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/6/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/7/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/8/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/11/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/12/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/13/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | �� | | $ | 2.60 | | | | 0 | | | | 0 | |
6/14/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/15/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/18/2012 | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | $ | 2.60 | | | | 0 | | | | 0 | |
6/19/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 1000 | | | | 1000 | |
6/20/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/21/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/22/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/25/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/26/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/27/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/28/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
6/29/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
7/2/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
7/3/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
7/5/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
7/6/2012 | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | $ | 2.65 | | | | 0 | | | | 0 | |
7/9/2012 | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | | 500 | | | | 500 | |
7/10/2012 | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | | 0 | | | | 0 | |
7/11/2012 | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | | 0 | | | | 0 | |
7/12/2012 | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | | 0 | | | | 0 | |
7/13/2012 | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | $ | 2.75 | | | | 0 | | | | 0 | |
Date | | Open | | | High | | | Low | | | Close | | | | Volume | | | | VolumeTotal | |
7/16/2012 | | $ | 2.50 | | | $ | 2.50 | | | $ | 2.10 | | | $ | 2.45 | | | | 3000 | | | | 3000 | |
7/17/2012 | | $ | 2.45 | | | $ | 2.45 | | | $ | 2.45 | | | $ | 2.45 | | | | 0 | | | | 0 | |
7/18/2012 | | $ | 2.10 | | | $ | 2.10 | | | $ | 2.10 | | | $ | 2.10 | | | | 1000 | | | | 1000 | |
7/19/2012 | | $ | 2.45 | | | $ | 2.65 | | | $ | 2.45 | | | $ | 2.65 | | | | 5200 | | | | 5200 | |
7/20/2012 | | $ | 2.52 | | | $ | 2.52 | | | $ | 2.25 | | | $ | 2.50 | | | | 5500 | | | | 5500 | |
7/23/2012 | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | | 500 | | | | 500 | |
7/24/2012 | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | | 0 | | | | 0 | |
7/25/2012 | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.25 | | | | 0 | | | | 0 | |
7/26/2012 | | $ | 2.05 | | | $ | 2.45 | | | $ | 2.05 | | | $ | 2.05 | | | | 2600 | | | | 2600 | |
7/27/2012 | | $ | 2.10 | | | $ | 2.20 | | | $ | 2.10 | | | $ | 2.20 | | | | 1000 | | | | 1000 | |
7/30/2012 | | $ | 2.25 | | | $ | 2.25 | | | $ | 2.00 | | | $ | 2.00 | | | | 3500 | | | | 3500 | |
7/31/2012 | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | | 500 | | | | 500 | |
8/1/2012 | | $ | 2.10 | | | $ | 2.10 | | | $ | 2.00 | | | $ | 2.00 | | | | 4000 | | | | 4000 | |
8/2/2012 | | $ | 2.00 | | | $ | 2.19 | | | $ | 2.00 | | | $ | 2.05 | | | | 2700 | | | | 2700 | |
8/3/2012 | | $ | 2.02 | | | $ | 2.05 | | | $ | 1.90 | | | $ | 2.05 | | | | 1500 | | | | 1500 | |
8/6/2012 | | $ | 2.02 | | | $ | 2.25 | | | $ | 2.00 | | | $ | 2.15 | | | | 11200 | | | | 11200 | |
8/7/2012 | | $ | 2.17 | | | $ | 2.17 | | | $ | 2.00 | | | $ | 2.17 | | | | 22200 | | | | 22200 | |
8/8/2012 | | $ | 2.16 | | | $ | 2.16 | | | $ | 1.95 | | | $ | 2.00 | | | | 28120 | | | | 28120 | |
8/9/2012 | | $ | 2.00 | | | $ | 2.05 | | | $ | 1.80 | | | $ | 1.95 | | | | 16315 | | | | 16315 | |
8/10/2012 | | $ | 1.75 | | | $ | 1.95 | | | $ | 1.75 | | | $ | 1.95 | | | | 5221 | | | | 5221 | |
8/13/2012 | | $ | 1.85 | | | $ | 1.95 | | | $ | 1.80 | | | $ | 1.80 | | | | 7400 | | | | 7400 | |
8/14/2012 | | $ | 1.80 | | | $ | 2.00 | | | $ | 1.73 | | | $ | 1.90 | | | | 10900 | | | | 10900 | |
8/15/2012 | | $ | 1.55 | | | $ | 1.88 | | | $ | 1.35 | | | $ | 1.64 | | | | 19160 | | | | 19160 | |
8/16/2012 | | $ | 1.20 | | | $ | 1.40 | | | $ | 0.85 | | | $ | 1.40 | | | | 19650 | | | | 19650 | |
8/17/2012 | | $ | 1.10 | | | $ | 1.80 | | | $ | 1.10 | | | $ | 1.80 | | | | 6000 | | | | 6000 | |
8/20/2012 | | $ | 1.50 | | | $ | 1.95 | | | $ | 1.50 | | | $ | 1.90 | | | | 9521 | | | | 9521 | |
8/21/2012 | | $ | 1.89 | | | $ | 1.95 | | | $ | 1.85 | | | $ | 1.95 | | | | 3700 | | | | 3700 | |
8/22/2012 | | $ | 1.94 | | | $ | 1.94 | | | $ | 1.94 | | | $ | 1.94 | | | | 200 | | | | 200 | |
8/23/2012 | | $ | 1.70 | | | $ | 1.90 | | | $ | 1.31 | | | $ | 1.70 | | | | 4500 | | | | 4500 | |
8/24/2012 | | $ | 1.67 | | | $ | 1.67 | | | $ | 1.65 | | | $ | 1.65 | | | | 1200 | | | | 1200 | |
8/27/2012 | | $ | 1.60 | | | $ | 1.60 | | | $ | 1.02 | | | $ | 1.15 | | | | 31803 | | | | 31803 | |
8/28/2012 | | $ | 1.15 | | | $ | 1.50 | | | $ | 1.15 | | | $ | 1.50 | | | | 4500 | | | | 4500 | |
8/29/2012 | | $ | 1.25 | | | $ | 1.65 | | | $ | 1.15 | | | $ | 1.65 | | | | 9200 | | | | 9200 | |
8/30/2012 | | $ | 1.65 | | | $ | 1.65 | | | $ | 1.65 | | | $ | 1.65 | | | | 0 | | | | 0 | |
8/31/2012 | | $ | 1.65 | | | $ | 1.65 | | | $ | 1.65 | | | $ | 1.65 | | | | 0 | | | | 0 | |
9/4/2012 | | $ | 1.55 | | | $ | 1.60 | | | $ | 1.20 | | | $ | 1.22 | | | | 43021 | | | | 43021 | |
9/5/2012 | | $ | 1.25 | | | $ | 1.38 | | | $ | 1.22 | | | $ | 1.25 | | | | 10411 | | | | 10411 | |
9/6/2012 | | $ | 1.30 | | | $ | 1.36 | | | $ | 1.18 | | | $ | 1.25 | | | | 198982 | | | | 198982 | |
9/7/2012 | | $ | 1.27 | | | $ | 1.27 | | | $ | 0.90 | | | $ | 1.25 | | | | 76806 | | | | 76806 | |
9/10/2012 | | $ | 1.20 | | | $ | 1.20 | | | $ | 0.95 | | | $ | 1.04 | | | | 12150 | | | | 12150 | |
9/11/2012 | | $ | 1.15 | | | $ | 1.15 | | | $ | 0.89 | | | $ | 0.99 | | | | 26190 | | | | 26190 | |
9/12/2012 | | $ | 1.34 | | | $ | 1.34 | | | $ | 0.90 | | | $ | 0.95 | | | | 15975 | | | | 15975 | |
Date | | Open | | | High | | | Low | | | | Close | | | | Volume | | | | Volume Total | |
9/13/2012 | | $ | 1.01 | | | $ | 1.05 | | | $ | 0.72 | | | $ | 1.05 | | | | 43014 | | | | 43014 | |
9/14/2012 | | $ | 1.10 | | | $ | 1.10 | | | $ | 0.78 | | | $ | 0.85 | | | | 41430 | | | | 41430 | |
9/17/2012 | | $ | 0.85 | | | $ | 0.85 | | | $ | 0.85 | | | $ | 0.85 | | | | 500 | | | | 500 | |
9/18/2012 | | $ | 1.05 | | | $ | 1.08 | | | $ | 0.79 | | | $ | 1.03 | | | | 51714 | | | | 51714 | |
9/19/2012 | | $ | 1.05 | | | $ | 1.25 | | | $ | 1.05 | | | $ | 1.25 | | | | 36990 | | | | 36990 | |
9/20/2012 | | $ | 1.20 | | | $ | 1.59 | | | $ | 1.17 | | | $ | 1.35 | | | | 65648 | | | | 65648 | |
9/21/2012 | | $ | 1.49 | | | $ | 1.67 | | | $ | 1.24 | | | $ | 1.47 | | | | 87930 | | | | 87930 | |
9/24/2012 | | $ | 1.20 | | | $ | 1.35 | | | $ | 1.06 | | | $ | 1.35 | | | | 104096 | | | | 104096 | |
9/25/2012 | | $ | 1.21 | | | $ | 1.40 | | | $ | 1.21 | | | $ | 1.33 | | | | 94447 | | | | 94447 | |
9/26/2012 | | $ | 1.30 | | | $ | 1.41 | | | $ | 1.22 | | | $ | 1.35 | | | | 42156 | | | | 42156 | |
9/27/2012 | | $ | 1.37 | | | $ | 1.39 | | | $ | 1.30 | | | $ | 1.39 | | | | 22072 | | | | 22072 | |
9/28/2012 | | $ | 1.41 | | | $ | 1.60 | | | $ | 1.30 | | | $ | 1.50 | | | | 137435 | | | | 137435 | |
10/1/2012 | | $ | 1.53 | | | $ | 1.59 | | | $ | 1.40 | | | $ | 1.59 | | | | 23190 | | | | 23190 | |
10/2/2012 | | $ | 1.55 | | | $ | 1.60 | | | $ | 1.50 | | | $ | 1.50 | | | | 22060 | | | | 22060 | |
10/3/2012 | | $ | 1.41 | | | $ | 2.09 | | | $ | 1.41 | | | $ | 2.00 | | | | 176661 | | | | 176661 | |
10/4/2012 | | $ | 1.86 | | | $ | 2.20 | | | $ | 1.77 | | | $ | 2.13 | | | | 90051 | | | | 90051 | |
10/5/2012 | | $ | 1.90 | | | $ | 2.35 | | | $ | 1.90 | | | $ | 2.35 | | | | 92115 | | | | 92115 | |
10/8/2012 | | $ | 2.21 | | | $ | 3.09 | | | $ | 2.21 | | | $ | 3.03 | | | | 109251 | | | | 109251 | |
10/9/2012 | | $ | 2.95 | | | $ | 4.24 | | | $ | 2.85 | | | $ | 3.96 | | | | 113373 | | | | 113373 | |
10/10/2012 | | $ | 3.51 | | | $ | 4.10 | | | $ | 3.50 | | | $ | 3.95 | | | | 83171 | | | | 83171 | |
10/11/2012 | | $ | 3.55 | | | $ | 4.43 | | | $ | 3.55 | | | $ | 4.20 | | | | 46458 | | | | 46458 | |
10/12/2012 | | $ | 4.15 | | | $ | 4.50 | | | $ | 3.68 | | | $ | 3.95 | | | | 63934 | | | | 63934 | |
10/15/2012 | | $ | 3.75 | | | $ | 3.75 | | | $ | 2.08 | | | $ | 2.85 | | | | 113870 | | | | 113870 | |
10/16/2012 | | $ | 2.51 | | | $ | 2.95 | | | $ | 2.51 | | | $ | 2.92 | | | | 33098 | | | | 33098 | |
10/17/2012 | | $ | 2.94 | | | $ | 3.13 | | | $ | 2.92 | | | $ | 3.12 | | | | 35513 | | | | 35513 | |
10/18/2012 | | $ | 3.38 | | | $ | 3.80 | | | $ | 3.33 | | | $ | 3.79 | | | | 37958 | | | | 37958 | |
10/19/2012 | | $ | 3.80 | | | $ | 4.08 | | | $ | 3.75 | | | $ | 3.78 | | | | 33954 | | | | 33954 | |
10/22/2012 | | $ | 3.85 | | | $ | 4.09 | | | $ | 3.85 | | | $ | 4.06 | | | | 37420 | | | | 37420 | |
10/23/2012 | | $ | 3.98 | | | $ | 4.10 | | | $ | 3.50 | | | $ | 3.90 | | | | 56240 | | | | 56240 | |
10/24/2012 | | $ | 3.50 | | | $ | 3.90 | | | $ | 3.50 | | | $ | 3.89 | | | | 14363 | | | | 14363 | |
10/25/2012 | | $ | 3.90 | | | $ | 3.95 | | | $ | 3.80 | | | $ | 3.90 | | | | 11343 | | | | 11343 | |
10/26/2012 | | $ | 3.90 | | | $ | 4.50 | | | $ | 3.90 | | | $ | 4.20 | | | | 29322 | | | | 29322 | |
10/31/2012 | | $ | 4.20 | | | $ | 5.00 | | | $ | 4.20 | | | $ | 4.50 | | | | 39096 | | | | 39096 | |
11/1/2012 | | $ | 4.50 | | | $ | 4.84 | | | $ | 3.93 | | | $ | 4.84 | | | | 12816 | | | | 12816 | |
11/2/2012 | | $ | 4.25 | | | $ | 5.39 | | | $ | 4.25 | | | $ | 5.35 | | | | 28796 | | | | 28796 | |
11/5/2012 | | $ | 5.10 | | | $ | 5.28 | | | $ | 5.04 | | | $ | 5.04 | | | | 12688 | | | | 12688 | |
11/6/2012 | | $ | 5.15 | | | $ | 5.25 | | | $ | 4.90 | | | $ | 5.15 | | | | 14180 | | | | 14180 | |
11/7/2012 | | $ | 5.15 | | | $ | 5.50 | | | $ | 5.01 | | | $ | 5.50 | | | | 39550 | | | | 39550 | |
11/8/2012 | | $ | 5.50 | | | $ | 7.10 | | | $ | 5.50 | | | $ | 7.10 | | | | 66241 | | | | 66241 | |
11/9/2012 | | $ | 7.09 | | | $ | 7.80 | | | $ | 7.00 | | | $ | 7.48 | | | | 89203 | | | | 89203 | |
11/12/2012 | | $ | 7.49 | | | $ | 8.20 | | | $ | 6.96 | | | $ | 8.15 | | | | 47111 | | | | 47111 | |
11/13/2012 | | $ | 8.31 | | | $ | 8.75 | | | $ | 8.00 | | | $ | 8.65 | | | | 46023 | | | | 46023 | |
11/14/2012 | | $ | 8.90 | | | $ | 9.15 | | | $ | 8.58 | | | $ | 8.99 | | | | 38140 | | | | 38140 | |
11/15/2012 | | $ | 8.81 | | | $ | 9.20 | | | $ | 8.73 | | | $ | 9.00 | | | | 36953 | | | | 36953 | |
Date | | Open | | | High | | | Low | | | Close | | | | Volume | | | | Volume Total | |
11/16/2012 | | $ | 9.00 | | | $ | 9.00 | | | $ | 6.77 | | | $ | 8.99 | | | | 77565 | | | | 77565 | |
11/19/2012 | | $ | 9.00 | | | $ | 9.14 | | | $ | 8.13 | | | $ | 8.88 | | | | 29755 | | | | 29755 | |
11/20/2012 | | $ | 8.00 | | | $ | 8.50 | | | $ | 7.20 | | | $ | 8.20 | | | | 40545 | | | | 40545 | |
11/21/2012 | | $ | 8.00 | | | $ | 8.10 | | | $ | 7.53 | | | $ | 7.99 | | | | 27298 | | | | 27298 | |
11/23/2012 | | $ | 8.05 | | | $ | 8.44 | | | $ | 7.70 | | | $ | 8.44 | | | | 18244 | | | | 18244 | |
11/26/2012 | | $ | 8.45 | | | $ | 8.48 | | | $ | 8.06 | | | $ | 8.19 | | | | 17777 | | | | 17777 | |
11/27/2012 | | $ | 7.90 | | | $ | 8.30 | | | $ | 7.90 | | | $ | 8.30 | | | | 38182 | | | | 38182 | |
11/28/2012 | | $ | 8.15 | | | $ | 8.25 | | | $ | 7.64 | | | $ | 8.20 | | | | 16200 | | | | 16200 | |
11/29/2012 | | $ | 8.15 | | | $ | 8.15 | | | $ | 7.85 | | | $ | 8.08 | | | | 11690 | | | | 11690 | |
11/30/2012 | | $ | 7.95 | | | $ | 8.89 | | | $ | 7.95 | | | $ | 8.87 | | | | 19762 | | | | 19762 | |
12/3/2012 | | $ | 8.95 | | | $ | 9.10 | | | $ | 8.90 | | | $ | 9.10 | | | | 13190 | | | | 13190 | |
12/4/2012 | | $ | 8.91 | | | $ | 9.10 | | | $ | 8.01 | | | $ | 9.09 | | | | 15143 | | | | 15143 | |
12/5/2012 | | $ | 9.00 | | | $ | 9.70 | | | $ | 8.91 | | | $ | 9.19 | | | | 86917 | | | | 86917 | |
12/6/2012 | | $ | 9.20 | | | $ | 9.50 | | | $ | 8.95 | | | $ | 9.20 | | | | 9184 | | | | 9184 | |
12/7/2012 | | $ | 9.20 | | | $ | 9.29 | | | $ | 9.01 | | | $ | 9.20 | | | | 12199 | | | | 12199 | |
12/10/2012 | | $ | 9.05 | | | $ | 9.05 | | | $ | 8.19 | | | $ | 8.99 | | | | 19613 | | | | 19613 | |
12/11/2012 | | $ | 8.76 | | | $ | 9.10 | | | $ | 8.75 | | | $ | 9.09 | | | | 14853 | | | | 14853 | |
12/12/2012 | | $ | 9.01 | | | $ | 9.11 | | | $ | 8.70 | | | $ | 8.91 | | | | 26145 | | | | 26145 | |
12/13/2012 | | $ | 8.75 | | | $ | 9.04 | | | $ | 8.75 | | | $ | 9.04 | | | | 16065 | | | | 16065 | |
12/14/2012 | | $ | 9.03 | | | $ | 9.11 | | | $ | 8.75 | | | $ | 9.05 | | | | 42192 | | | | 42192 | |
12/17/2012 | | $ | 9.14 | | | $ | 9.26 | | | $ | 8.80 | | | $ | 9.25 | | | | 15384 | | | | 15384 | |
12/18/2012 | | $ | 9.00 | | | $ | 9.24 | | | $ | 8.98 | | | $ | 9.05 | | | | 44998 | | | | 44998 | |
12/19/2012 | | $ | 9.00 | | | $ | 9.14 | | | $ | 8.82 | | | $ | 9.04 | | | | 11877 | | | | 11877 | |
12/20/2012 | | $ | 8.91 | | | $ | 8.99 | | | $ | 8.55 | | | $ | 8.79 | | | | 34700 | | | | 34700 | |
12/21/2012 | | $ | 8.75 | | | $ | 8.80 | | | $ | 8.15 | | | $ | 8.80 | | | | 8350 | | | | 8350 | |
12/24/2012 | | $ | 8.00 | | | $ | 8.44 | | | $ | 7.76 | | | $ | 8.37 | | | | 19177 | | | | 19177 | |
12/26/2012 | | $ | 8.15 | | | $ | 8.15 | | | $ | 4.76 | | | $ | 7.94 | | | | 81039 | | | | 81039 | |
12/27/2012 | | $ | 7.99 | | | $ | 8.16 | | | $ | 7.43 | | | $ | 8.10 | | | | 18578 | | | | 18578 | |
12/28/2012 | | $ | 8.00 | | | $ | 8.09 | | | $ | 7.80 | | | $ | 8.01 | | | | 10950 | | | | 10950 | |
12/31/2012 | | $ | 7.90 | | | $ | 8.14 | | | $ | 7.70 | | | $ | 8.02 | | | | 41085 | | | | 41085 | |