Latest Development: Kenergy Scientific Inc (OTCMKTS:KNSC), Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Triton Distribution Systems Inc (OTCMKTS:TTDZ)

Nicholas Maithya - April 2, 2014

Boston, MA 04/02/2014 (wallstreetpr) – Kenergy Scientific Inc (OTCMKTS:KNSC) has plunged into the marijuana sector, but through a different route. The company is coming to help companies involved directly in marijuana business activities such as growing of hemp, extraction of the constituents and processing of the extracts into various useful products, to get their word out there. Thus, the company is seeking to carve a niche as a PR and advertising company in the marijuana sectors. And its focus seems to be about harnessing the power of social media. With a marijuana sectors which is still very young, KNSC doesn’t currently offer more than just words and promise to investors. However, its business plans seems viable. Thus, Kenergy Scientific Inc (OTCMKTS:KNSC) may not be the perfect play for short-term gains, but since it offers a cheap option into the promising marijuana business, it is good for long-term hold.

The disclosure about activist investor Bill Ackman boosting stake in Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) helped shares of the one-time troubled mortgage giant up in the past sessions. Mr. Ackman through his investment vehicle Pershing Square Capital Management moved to own more than 11 percent in Fannie Mae. Previously the investors had a combined portfolio of 9.8 percent in both Fannie Mae and Freddie Mac. The significant boots in stake by Mr. Ackman confirmed to private investors that threats to wind down the company and its sibling Freddie Mac was remote, thus shares gained strength. Once known as loss-making business entity, Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) has returned to profitability by end of March had returned about $202.9 billion to the Treasury in form of dividends.

Triton Distribution Systems Inc (OTCMKTS:TTDZ) is looking up for a name change and more focus on marijuana business. The company, having inked partnership with Green Cures Inc, is expected to assume a new name as it transitions from its logistics operations into more marijuana-based operation. Also, the company plans to retire about 300 million shares which should bring some improvements to its bloated free float.

Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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