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Micro-Caps on Watch; MediSafe 1 Technologies Corp. (MFTH), Oncosec Medical Inc. (ONCS), Titan Iron Ore Corp. (TFER)

Shares of MediSafe 1 Technologies Corp. (OTCBB: MFTH), an Israel based Development Stage Company that is developing a patent for a medical assembly and a protector, or locking mechanism, to ensure that the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and the specific patient, are seeing a huge rally in today’s trading.

At last check, MFTH’s shares were trading 82.76% higher at $0.0053, with volume up from daily average of 7.08 million to 48.74 million. It has been trading so far for the day in the range of $0.0035 and $0.0060.

MFTH announced today that the due diligence to the sale of its patented medicinal locking mechanism and bar-code matching system to a third party have been completely successfully and the final sale will be initiated by Nov 5, 2012. This agreement will transfer all the rights of commercialization, marketing and distribution of its patent.

Shares of Oncosec Medical Inc (OTCBB: ONCS), a California based Biomedical Company that develops therapeutic oncology products to offer patients with alternative treatments to treat cancerous tumors and cancerous cells, are up sharply in today’s trading.

At last check, ONCS shares were trading 3.77% higher at $0.3850, with volume down from daily average of 1.83 million to 0.54 million. It reached its 52 week high of $1.00 during Feb 2012 and deteriorated drastically since then.

ONCS announced recently that it achieved positive preliminary results from a Phase II multicenter trial, investigating the use of ImmunoPulse in Merkel cell carcinoma (MCC) patients at the 27th Annual Meeting of the Society for Immunotherapy of Cancer (SITC 2012). ONCS’ ImmunoPulse is a DNA based immunotherapy and NeoPulse therapies to treat solid tumor cancers.

Shares of Titan Iron Ore Corp (OTCBB: TFER), a Washington based Exploration Company involved in  the acquisition and exploration of mineral properties and has mining interests in parts of Wyoming and Quebec, Canada, are climbing in today’s trading.

At last check, TFER’s shares were trading 6.42% higher at $0.9950, with volume up from daily average of 0.75 million to 3.63 million. It has been trading so far for the day in the range of $0.97 and $1.06.

TFER recently announced that it entered into Equity Line of Credit Agreement with Ascendiant Capital Partners LLC to issue shares worth $10 million and also Securities Purchases Agreement for an aggregate value of $235,300 principal amount of 5% convertible debentures due Oct 8, 2013. TFER is also working on filing a registration statement with SEC on or prior to November 16, 2012.


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