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Worthington Energy Inc. (OTCQB:WGAS) plunged 19.61% to $0.0250. The Company provides with an update to its shareholders on the status of the Company's Vermillion Block 179 asset. As previously reported, Worthington acquired a 70% working interest, with a net revenue interest of 51.975% in 546.875 acres in the Vermilion 179. Located in the shallow waters of the Gulf of Mexico offshore from Louisiana, VM179 is adjacent to Exxon's producing VM164 #A9 well. Worthington Energy is an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties.
Cereplast Inc. (OTCQB:CERP) decreased 16.37% to $0.0378 on a traded volume of 7.28 million shares. The Company has appointed Mr. Michael Okada as Chief Financial Officer, effective February 5, 2013. Mr. Okada has been the acting Interim Chief Financial Officer of the Company since February 2012. Cereplast designs and manufactures proprietary bio based, sustainable bio plastics which are used as substitutes for traditional plastics in all major converting processes.
Medical Marijuana Inc. (OTCPINK:MJNA) climbed up 10.96% to $0.395 on a traded volume of 1.50 million shares. The Company announced fourth quarter results. The net income was approximately $3.2 million. The gross revenues increased 1100% quarter-over-quarter to $5.2 million for the quarter ended December 31, 2012. Revenues for 2012 totaled $12.38 million and net income was $7.1 million.
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