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American Business Corporation (ARBU)

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Last Post: 3/5/2015 10:43:49 PM - Followers: 5 - Board type: Free - Posts Today: 0

AMERICAN BUSINESS CORPORATION

CHAPTER 11 STOCK THAT HAD A 100 TO 1 R/S LAST YEAR TO MERGE WITH A PROFITABLE COMPANY

American Business Corporation does not have significant operations. It intends to identify and enter into a business combination with a privately owned business. Previously, the company provided freight transportation services to corporations and operated a regional truckload carrier in the short and medium haul market segments. The company, formerly known as Logistics Management Resources, Inc., was founded in 1987 and is headquartered in Louisville, Kentucky. On October 30, 2006, the involuntary petition of American Business Corp for liquidation under Chapter 7 was converted to voluntary Chapter 11.

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$52M in NOLs  as of 10-QSB 3rd QTR 2007  http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5548611

Outstanding Shares: 698,705
Source: Stock Split ( 01/11/2008 )

On September 9, 2007, the Company advised the
Bankruptcy Court that its plan had been accepted by creditors, and that
subject to the court's confirmation of the Company's plan, Midwest had
agreed to purchase 15,000,000 new common shares for $500,000 to fund its
planned identification and combination with a profitable privately-held
business.

The Company's plan was confirmed by the Bankruptcy Court on October 26,
2007. The terms of the Plan provide for the Company's creditors to receive
one share of newly issued common stock (New Shares) for every dollar of
allowed claim expunged,
preferred shareholders to receive ten New Shares
for each preferred share cancelled, and common shareholders to receive one
New Share for every 100 common shares cancelled under the Plan. Following
the distribution provided by the Plan, the Company's 69,870,517 common
shares outstanding will have been replaced with approximately 25,000,000
New Shares.
 

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5285770 




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#176   Check Colorodo SOS you will find more details Wisebuys 03/05/15 10:43:49 PM
#175   Reinstated what? Do you have any details PaulCustom78 03/05/15 11:27:31 AM
#174   Whoopdifuck.........et z Zardiw 03/02/15 04:18:12 PM
#173   ARBU just reinstated! Wisebuys 03/02/15 01:11:58 PM
#172   Down 60% guess we will be here for sysdoc 09/19/14 11:04:21 AM
#171   Luck, sheer luck! metrolane 08/19/14 10:24:02 AM
#170   I put my ask in at .08 and sysdoc 08/15/14 10:35:57 AM
#169   Up %150 today????? Any chance this is gonna run? sysdoc 08/15/14 10:32:46 AM
#168   Yup......I screwed up big time....SO Sorry to everybody Zardiw 07/15/14 09:15:53 AM
#167   Another scan pos for this summer get out Mikemurphy55 07/11/14 02:14:54 PM
#166   I am well aware of that broski ;P Cybermancer13 07/11/14 01:26:51 PM
#165   Lets get this baby back to .20s! :) Cybermancer13 07/11/14 01:23:39 PM
#164   Haha the cesspool of the OTC SilentSniper 07/11/14 01:04:48 PM
#163   false alarm @WhaleXpress 07/11/14 12:58:34 PM
#162   Yes.......I just found out........So sorry guys...et z Zardiw 07/11/14 12:56:21 PM
#161   Wrong co. dude $ARBU is not American Business DaleG 07/11/14 12:54:00 PM
#160   Nice ticker castisos 07/11/14 12:50:53 PM
#159   NITE soaking up shares on the bid SilentSniper 07/11/14 12:45:17 PM
#158   CONGRATS TO THOSE IN ALREADY WE ARE EARLY :) @WhaleXpress 07/11/14 12:29:33 PM
#157   Hmm this looks interesting SilentSniper 07/11/14 12:25:48 PM
#156   WOW HUGE FIND, keep up the good work Joeyohso 07/11/14 12:14:42 PM
#153   In May Smith reached an agreement with Sinopoly The Claw 07/11/14 12:07:11 PM
#152   MONSTER 8K out ARBU going $2+ SlapdatAsk 07/11/14 11:57:35 AM
#151   $ARBU <<<< ALL CREDIT GOES TO ZARDIW>>> The Claw 07/11/14 11:53:15 AM
#150   Too many p/r's REDFLAG , leads to SEC suspensions EmptyBones 06/29/14 02:40:23 PM
#149   ARBU is up by 150% kranthikumar 08/06/13 10:30:34 AM
#148   WOW! Very impressive reverse split history. Aduke 07/16/11 12:11:50 PM
#147   Any updates on this stock? JetLifer 06/27/11 01:30:58 PM
#146   ARBU < 1-for-100 r/s < AMBC < Stock 08/30/10 08:43:37 AM
#145   yeah , hope we get Carlito 09/09/09 04:26:28 PM
#144   more than average volume should send this to lifegear 09/09/09 04:24:42 PM
#143   Oxygen Unlimited is not an old name of lifegear 08/24/09 11:57:15 PM
#142   Wow ,nice find !!! Carlito 08/24/09 11:42:47 PM
#141   have you seen this? http://www.manta.com/company/mm84zn7 lifegear 08/24/09 11:06:31 PM
#140   I know very small, just need Volume Carlito 08/22/09 12:12:28 AM
#139   06 x08 nite Carlito 08/22/09 12:08:48 AM
#138   Weekly Chart... lifegear 08/21/09 07:49:49 PM
#137   finally in stockcharts... lifegear 08/21/09 07:39:52 PM
#136   is your level II showing 2.00 ask like ihub? lifegear 08/21/09 07:35:00 PM
#135   where can you find a 699k o/s shell lifegear 08/21/09 07:34:12 PM
#134   Oef ! about time:-) Carlito 08/11/09 12:08:06 AM
#133   some volume, less than 1m o/s with merger plan lifegear 08/10/09 06:21:19 PM
#132   I ask the same. Carlito 04/17/09 12:02:13 AM
#131   when is this going to wake up? lifegear 04/16/09 09:31:11 PM
#130   nasty bidwhacker again lifegear 03/13/09 06:10:16 PM
#129   .06,, 250 bid nibbleeeeee Carlito 03/13/09 03:21:59 PM
#128   when you start hitting the ask lol lifegear 03/04/09 04:38:12 PM
#127   When we gonna flyinggggggggggggggggggggg???????????? Carlito 03/04/09 02:51:34 PM
#126   06 X07 Nite x pert Carlito 03/02/09 11:50:27 PM
#125   any change in level II lately? lifegear 03/02/09 08:54:00 PM
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