Gems TV

Gems TV - Co. has been quiet on the corporate front, although recall few mths back, grp note it was seeking a suitable candidate for a possible RTO. Add that there is no material change in its financial position or operating results from what was disclosed in its 4Q12 results. Grp is monitoring the progress of Multimedia Commerce Group Inc (MMCG) and encouraging it to launch its IPO as soon as market conditions allow. Gems TV had a 37.8% interest in MMCG. Today's rally could be related to this news, although we cannot be absolutely sure on that.