Weekly CFO Watch: Endeavour International Corp., Valence Technology Inc., Memry Corp, and IA Global Inc

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Oct 02, 2007
These are the most significant CFO buys over the past week. Related companies: Endeavour International Corp. (END, Financial), Valence Technology Inc. (VLNC, Financial), Memry Corp (MRY, Financial), and IA Global Inc (IAO, Financial)


Endeavour International Corp. (END): Executive VP & CFO J. Michael Kirksey Bought 75,000 Shares


Executive VP & CFO of Endeavour International Corp. (END), J. Michael Kirksey, bought 75,000 shares of END stock last Wednesday at $1.03; the price of the stock has increased by 9.71% since.


About: Endeavour International Corporation, an independent oil and gas company, engages in the acquisition, exploration, and development of energy reserves in the North Sea. Endeavour International Corp. has a market cap of $134.77 million; its shares were traded at around $1.13 with P/S ratio of 1.24.


Insider Buy: 1) CEO of END, William L. Transier, bought 57,500 shares on 09/14 at $1.03; the price of the stock has increased by 9.71% since. 2) Also, Co-CEO William L. Transier sold 800 shares on 08/07 at the average price of $1.10; the price of the stock has increased by 2.73% since.


Valence Technology Inc. (VLNC): CFO Thomas Fredrick Mezger Bought 13,180 Shares


CFO of Valence Technology Inc. (VLNC) CFO, Thomas Fredrick Mezger, bought 6,046 shares last Tuesday at $1.37. Last Monday, Mezger bought 7,134 shares at $1.35. On 09/19, Mezger bout 950 shares at $1.34.


About: Valence Technology, Inc., together with its subsidiaries, engages in the commercialization of phosphate-based lithium-ion rechargeable battery technology, known as Saphion. Valence Technology Inc. has a market cap of $158.48 million; its shares were traded at around $1.4 with P/S ratio of 8.84.


Director Makes Big Buys! Since June,Director Carl E. Berg purchased a total of 3,354,013 shares of VLNC stock at a price range of $1.13 to $1.37. The 3,354,013 shares—currently valued over $4.695 million—were purchased on four occasions: 729,927 shares on 09/20 at $1.37, 884,956 shares on 08/16 at $1.13, 869,565 shares on 07/19 at $1.15, and 869,565 shares on 06/21 at $1.15.


Memry Corp (MRY): CFO Richard F. Sowerby Bought 4,000 Shares


CFO of Memry Corp (MRY), Richard F. Sowerby, made two purchases of MRY stock: 1,900 shares last Wednesday at $1.59 and 2,100 shares last Tuesday at $1.58. Since then the price of stock has increased by 8.87% and 9.56%, respectively.


About: Memry Corporation provides design, engineering, development, and manufacturing services primarily to the medical device industry using proprietary shape memory alloy and specialty polymer-extrusion technologies. Memry Corp has a market cap of $53.75 million; its shares were traded at around $1.731 with P/E ratio of 163.64 and P/S ratio of 1.00.


Insider Buys: 1) CEO Robert P. Belcher bought 10,000 shares of MRY stock last Tuesday at $1.59, the price of the stock has increased by 8.87% since. 2) VP of Human Resources and Corp Secretary, Marcy F. Macdonald, bought 1,500 shares on 09/21 at $1.61; the price of the stock has increased by 7.52% since.


IA Global Inc (IAO): COO and CFO Mark E Scott Bought 1,500 Shares


COO and CFO of IA Global Inc (IAO), Mark E. Scott, bought 1,000 shares of IAO stock last Friday at $0.47. Since April, Mark has purchased a total of 12,300 shares of IAO stock at a price range of $0.42 to $0.60 a share.


About: IA Global, Inc. is a strategic holding company with a focus on growth through mergers and acquisitions in the Pacific Rim region. It intends to identify and invest in business opportunities in the consumer, technology, services, and health sectors. IA Global Inc has a market cap of $75.78 million; its shares were traded at around $0.5 with P/S ratio of 3.13.


Insider Buys:1) This September, Chairman and CEO of IAO, Derek Ian Schneideman, made two purchases: 600 shares, and 3200 shares at $0.48 and 0.52, respectively. In May, Schneideman bought another 2,000 shares at $0.45. 2) Director Cara Eric La purchased stocks on two occasions:4,200 on 09/25 at $0.48, and 3,000 shares on 08/31 at $0.50. 3) Director Masazumi Ishii bought 2,000 shares of IAO stock on 04/30 at of $0.49.