Quick Hits (CHCG.OB, AIRI.OB, PTG, ANSW)

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China 3C Group: CHCG.OB shares dropped after the company announced that it had sold $11.74 M worth of common shares in a private placement at an enormous discount. Although shares traded for over $8 as recently as yesterday [...]

Not the right Answers.com (ANSW)

Internet reference content site Answers.com: ANSW announced after the bell today that it would buy Lexico Publishing Group, owner of Dictionary.com, Thesaurus.com and Reference.com, for $100 million in cash.   The transaction is subject to financing (which may be tough given that Answers.com’s market cap is only $101.3M as of today’s close).
According to the press release, [...]