American Spectrum Realty, Inc. (NYSEMKT:AQQ), a real estate investment, management and leasing company, announced the settlement of a vendor dispute and the rescind of a receiver appointed in the District Court of Harris County, Texas, 164th Judicial District. The receiver was appointed on February 14, 2014 at the request of Nextera Retail of Texas, LP in connection with a judgment in favor of Nextera Retail in the amount of $2,800,000.00. On February 20, 2014, American Spectrum satisfied in full all obligations to Nextera, with a payment of $1,500,000.00, and the District Court rescinded the order appointing the receiver. American Spectrum Realty, Inc. (NYSEMKT:AQQ) stock opened at $1.70 in last session, and closed at $1.66, while the day range of stock is $1.50 – $1.84. The stock showed a positive weekly performance of 19.42%.
Supertel Hospitality Inc (NASDAQ:SPPR)’s rights offering should provide the catalyst to turn the company around Supertel Hospitality Inc (NASDAQ:SPPR) stock opened at $2.22, in last session and closed at $2.19. The 52 week range of the stock is $1.43 – $9.84. Company’s market capitalization is $6.35 million.
OptimumBank Holdings, Inc. (NASDAQ:OPHC) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing on the Nasdaq Capital Market. OptimumBank Holdings, Inc. (NASDAQ:OPHC) stock advanced 9.16% and finished the last session at $1.37. The EPS of the stock remained -0.92. Company’s market capitalization is $10.94 million.
Affirmative Insurance Holdings, Inc. (OTCMKTS:AFFM) is a distributor and producer of non-standard personal automobiles insurance policies for individual consumers in targeted geographic markets. Non-standard personal automobile insurance policies provide coverage to drivers. Affirmative Insurance Holdings, Inc. (OTCMKTS:AFFM) stock opened the session at $2.60, and closed the session at $2.70. The 52 week range of the stock remained $0.27 – $3.60 and the day range was $2.60 – $3.20.