Flatworld Acquisition Corp. (fka FWLAF)

[Renee]

FWLAF registration revoked:

https://www.sec.gov/litigation/admin/2021/34-93290.pdf

[Renee]

FWLAF SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2021/34-91844.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91844-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2021/34-91842.pdf

[81vette]

vol and demand ,whats up

[Werbe]

100k market cap and float of 2.8 million. They belong 2 a larger company who seems 2 be just holding this until the right merger or buyout comes along? Legit website, no dilution for at least 5 years. Very low liabilities also, most tied to affiliate of company.

As of November 14, 2018, there were 2,869,375 ordinary shares, no par value per share, of the registrant outstanding.

FlatWorld Acquisition Corp. (the “ Company ” or “ FlatWorld ” ) is a blank check company formed on June 25, 2010 as a British Virgin Islands business company with limited liability for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation or contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar business transaction, one or more unidentified operating business or assets ( “ Business Transaction ” ). The Company ’ s efforts in identifying a prospective target business for its Business Transaction will not be limited to a particular industry, geographic region or minimum transaction value, but will focus its search on identifying a prospective target business in either (i) the global business services sector or (ii) emerging Asian markets. On June 29, 2011, the Company changed its fiscal year solely for financial accounting purposes such that the Company ’ s fiscal year will now end on December 31st of each calendar year. The Company had initially adopted a fiscal year end of June 30th solely for financial accounting purposes.

On December 31, 2013, the Company entered into an agreement with FWC Management Services Ltd and FlatWorld Capital LLC, an entity controlled by three officers of the Company, to assign FWC Management Services Ltd. ’ s interest in the Administrative Services Agreement to FlatWorld Capital LLC. Under such agreement, FlatWorld Capital LLC will continue to provide the services previously performed by, and on the same terms of, FWC Management Services Ltd, and all previous fees outstanding will be payable to FlatWorld Capital LLC.

http://flatworldcapital.com/our-investments/

[Amber786]

What’s happening here? Is this a dead stock

[illegal_alias]

Interesting, what do people know about Baultch?

[redlepper]

Four score and seven years ago our fathers brought forth, upon this continent, a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal. Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived, and so dedicated, can long endure.


but in regards to him:

http://tinyurl.com/zexqsye

you got any info on him?..

http://tinyurl.com/ycg7rts8

[db7]

Familiar with his past filings; he's good

[bobkubecka]

hmmmmmm

[redlepper]

another out. 9.9% owner now

[bobkubecka]

This one is getting cheap again, maybe?

[redlepper]

maybe a golden opportunity hopefully not a golden shower....

[db7]

13g/a out, guess there is our seller.. Polar.. would have been nice to buy all of AQR's and Polar's shares

better yet, why didn't the company try to...............

[redlepper]

We'd never know how high we are, till we are called to rise; and then, if we are true to plan, our statures touch the sky.

- not a quote of mine

[db7]

judging from the action this year on this one I wouldn't say it looks promising .....

that being said.. I haven't sold any... still at just under 5%

will hold and see what happens


only wish I was able to buy my full position at this price instead of when shares were scarce

[db7]

interesting factsheet on 'Flatworld Capital'****

http://flatworldcapital.com/wp-content/uploads/2014/07/FlatWorld-Capital-LLC-Teaser.pdf


!!!****Flatworld Capital is not Flatworld Acquisition Corp but the parent company persay

[db7]

a seller present today, maybe whomever bought those .02 shares a while back(?)

[redlepper]

would be nice. she's a pretty lil shell that's been in the back alleys ignored and sold to peddlers for too long

[db7]

Flatworld Capital has a new website compared to the last time I went there

I should clarify Flatworld Capital is not Flatworld Acquisition Corp but the parent company persay

this sounds interesting:

"

http://flatworldcapital.com/current-projects/it-and-cloud-soutions/


In partnership with an experienced management team, FlatWorld Capital completed the merger of three businesses in August 2014 to form Venture Technologies, Inc. The transaction created a leading IT infrastructure and cloud solutions provider offering a comprehensive suite of premise infrastructure solutions, collaboration solutions, managed services and cloud services and serving customers nationwide from office locations in six states and three owned and operated data centers.

We are seeking additional add-on opportunities for this platform business to capitalize upon accelerating trends to outsource IT solutions to a trusted partner to design, integrate and manage increasingly complex hybrid IT infrastructure / cloud solutions with premise, managed, hosted and cloud elements. We are targeting $10-$200 million revenue companies that provide hosted IT applications, cloud applications, cyber security, and other cloud and managed services, as well as VARs with strong professional services.

We are offering a cash and equity structure enabling current owners to participate as true partners in building a larger, more profitable, and significantly higher-valued company.



"



Again, I reiterate... has nothing to do with FWLAF.....

But I like to speculate- 'Maybe' someday it will?????

[db7]

hmmm, http://www.sec.gov/Archives/edgar/data/277948/000119312515106021/d804879ddef14a.htm


"

Due to competing business demands, Gilbert H. Lamphere will not stand for re-election at this year’s Annual Meeting


"

[db7]

per last 10k, although I think AQR just sold to 'someone'->

"

FWAC Holdings Limited (2)
573,875
20.00%

FWAC Sponsor Limited (2)
513,222
17.89%

Nagina Engineering Investment Corp. (2), (3)
58,507
2.04%

Raj K. Gupta (2), (3)
2,925
0.10%

Shri Krishan Gupta (2), (3)
198,771
6.93%

Jeffrey A. Valenty (2)
134,464
4.69%

Gilbert H. Lamphere (2), (4)
227,062
7.91%

AQR Capital Management, LLC (5)
269,325
9.39%

Polar Securities Inc.(6)
268,800
9.37%

"

"

(1) Unless otherwise indicated, the business address of each of the stockholders is c/o FlatWorld Capital LLC, Palm Grove House, Road Town, Tortola, VG1110, British Virgin Islands.

(2) The sole shareholder of FWAC Holdings Limited owning in excess of 5% of our ordinary shares outstanding is FWAC Sponsor Limited. The shareholders of FWAC Sponsor Limited are Nagina Engineering Investment Corp. (owned by Mr. Gupta and Mr. S.K. Gupta, see footnote 3, below), Mr. S.K. Gupta, Jeffrey A. Valenty (including interests held through Fortuna Capital Partners LP, a limited partnership 100% owned and controlled by Mr. Valenty), and Gilbert H. Lamphere (who holds his interests through Gilbert H. Lamphere TD AMERITRADE Custodian Traditional IRA). As a result, FWAC Sponsor Limited, Nagina Engineering Investment Corp., and Messrs. S.K. Gupta, Gupta, Valenty, Lamphere, may be deemed to be beneficial owners of shares owned by FWAC Holdings Limited. The shares in the table above for holders of FWAC Holdings Limited represent their indirect ownership in us. Each of Nagina Engineering Investment Corp., and our officers, directors, advisors and their respective affiliates disclaim beneficial ownership of any shares in which he or it does not have a pecuniary interest.

(3) Mr. S.K. Gupta holds a 95% ownership interest in Nagina (representing an indirect ownership of 55,582 ordinary shares (1.94%) in us) and Mr. Gupta holds a 5% ownership interest in Nagina (representing an indirect ownership of 2,925 ordinary shares (0.10%) in us). Each of Mr. Gupta and Mr. S.K. Gupta have dispositive and voting control over their own securities and disclaim beneficial ownership of any shares in Nagina in which such individual does not have a pecuniary interest. Additionally, through his individual interest in FWAC Sponsor Limited, Mr. S.K. Gupta beneficially owns 143,189 ordinary shares (4.99%) in us.

(4) Mr. Lamphere is the beneficial owner of 227,062 ordinary shares (or 7.91%) in us, which includes 177,062 ordinary shares (or 6.17%) in us through his interests in Gilbert H. Lamphere TD AMERITRADE Custodian Traditional IRA, as well as 50,000 ordinary shares (or 1.74%) in us owned directly which were purchased under the Directed Unit Program of our initial public offering. Mr. Lamphere has sole voting and dispositive power with respect to all 227,062 ordinary shares. Mr. Lamphere disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.

(5) Based on information contained in Schedule 13G filed by AQR Capital Management, LLC on February 7, 2014, AQR Capital Management, LLC serves as the investment manager to the AQR Diversified Arbitrage Fund, an open-end registered investment company which directly owns the 269,325 shares reported in that Schedule 13D. AQR Capital Management, LLC has shared voting and dispositive power with respect to 269,325 ordinary shares. The address of such reporting person is Two Greenwich Plaza, 3rd Floor, Greenwich, CT 06830.

(6) Based on information contained in Schedule 13G filed by the following persons on February 14, 2014, Polar Securities Inc. (“Polar Securities”), a company incorporated under the laws on Ontario, Canada, serves as the investment manager to North Pole Capital Master Fund ("North Pole"), a Cayman Islands exempted company, and a number of discretionary accounts with respect to which it has voting and dispositive authority over the ordinary shares reported in that Schedule 13G. Polar Securities and North Pole have shared voting and dispositive power with respect to 268,800 ordinary shares. The address of all such reporting persons are is 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada.

(7) The percentages have been rounded to the hundredth decimal place.


"

[redlepper]

should

[db7]

We should know the buyer's identity in a few days

[redlepper]

hey, thinking a mm maker grabbed those but never know... mab-a a friend or family plan. hope they get some hustle in their walk to get a merger merged in some day

[db7]

aha, AQR Capital Management, LLC (5)





269,325







9.39

%

[db7]

large trade .02 under the .10 bid.. prearranged? I would have taken those in a heartbeat

[db7]

"Our Team"->

Jeffrey A. Valenty
Partner
New York
[e-mail]
[phone]

Mr. Valenty has extensive experience as a principal investor, financier and advisor in private equity funded transactions.

Mr. Valenty was a managing director at CIBC World Markets, providing private equity investments, high yield financings and merger & acquisition advisory services totaling over $5 billion. Mr. Valenty was responsible for investment commitments of $350 million in 12 companies, including structuring the initial $30 million equity investment in Global Crossing which returned $1.9 billion. Prior to CIBC, Mr. Valenty was at The Argosy Group, a merchant banking firm founded by senior executives of Drexel Burnham Lambert, and Kidder, Peabody & Co.

Mr. Valenty graduated from Harvard University with an AB degree magna cum laude in International and Development Economics and was a Presidential Scholar.

[db7]

"Our Team"->

Raj K. Gupta
Partner
New York
[e-mail]
[phone]

Mr. Gupta has extensive experience as an advisor, principal investor, and entrepreneur in private equity funded transactions.

Mr. Gupta was the founder and CEO of YadaYada Inc., the third largest independent wireless ISP in the U.S. in 2001, an organization of 85 employees with venture backing of more than $25 million. Prior to forming YadaYada, Mr. Gupta was a member of the Merchant Banking and High Yield Group at CIBC World Markets and Acquisition Finance at Chase Securities, where he was involved in transactions totaling over $25 billion.

In May 2001, Crain's New York Business magazine named Mr. Gupta as "one of 100 most important persons likely to shape the direction and growth of New York's economy - beyond technology - for years to come." In September 2000, Mr. Gupta was named as a top 25 wireless industry innovator by Unstrung magazine.

Mr. Gupta graduated from Trinity College as the President's Scholar with a BA in Computer Engineering and Economics

[db7]

"Our Team"->

Gilbert H. Lamphere
Partner
New York
[e-mail]
[phone]

Mr. Lamphere has more than 30 years of experience as a principal investor and financier in private equity transactions.

Mr. Lamphere currently serves as a director of CSX (NYSE:CSX) and advising director of J.H. Whitney Pan Asian LLC. Mr. Lamphere has also headed four other private equity funds and has extensive operational experience as a Chairman and/or board member of a wide range of publicly-traded and private companies. Mr. Lamphere has been intimately involved in billions of dollars of equity and debt financing. Mr. Lamphere was a Managing Director and member of the Board of Directors of The Fremont Group, a diversified investment company with over $9 billion of assets under management. Mr. Lamphere also co-headed the raising and management of Fremont Partners' $605 million private equity fund, his fourth fund. Prior to Fremont Partners, Mr. Lamphere was a vice president at Morgan Stanley & Co.

Mr. Lamphere has previously served on the boards of several publicly-traded companies including: Canadian National Railway Company (NYSE); Illinois Central Corporation (NYSE - acquired by Canadian National); Carlyle Industries, Inc; Recognition International (NYSE); Cleveland-Cliffs (NYSE); R.P. Scherer (NYSE - acquired by Cardinal Health); Global Natural Resources Corporation (NYSE); Sylvan, Inc (NASDAQ); Lincoln Snack Company (NASDAQ); Simmons Outdoor Corporation and Children's Discovery Center of America (NASDAQ). Mr. Lamphere also served as Chairman and CEO of the Prospect Group (NASDAQ:PROS), the first ever publicly-traded leveraged buyout fund.

Mr. Lamphere graduated from Princeton University with an A.B. in Economics with Honors and from Harvard Business School as a Baker Scholar and was recipient of the Loeb Rhoades Fellow finance prize.

[db7]

http://www.flatworldcapital.com/flatworld-acquisition-corp.html

[db7]

former SPAC, now a shell