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Nice 4-bagger quick rally here from 0.002 to 0.008! $292K MV now based on 39.41M shares OS! Which corresponds to the peer nxtn's MV at $1.08.
RPHL has the fixed tiny shares structure: 8M shares float, 19M shares OS, and 50M shares AS. Fixed shareholder's ownerships! No any dilution risk at all!
At $90K joke low MV or $0.005 per share price now v.s. $500K CASH EQUITY VALUE or $0.026 per share book value!
Exceptional shares structure and exceptional balance sheet (see the financial data below) makes RPHL the most valuable OTC stock as a clean Reverse-Merger or Buy-Out shell!
The shareholder's equity is 100% cash and won't go anywhere since there is no any operation to cost any money at all!
The $500K purely CASH EQUITY means $0.026 per share CASH LIQUIDATION VALUE for all the outstanding common shares (19M)!
The 20/50/200-Day MAL is 0.0037/0.0033/0.0035 now:
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Outstanding Shares: 19,323,937 shares.
Restricted Shares: 10,510,780 shares.
Floating Shares: 8,813,157 shares.
Authorized Shares: 50,000,000 shares.
Cash Equity Value: $499,426 ~ $679,426.
Book Value: $0.026 ~ $0.036 per share cash.
52-Week Price Range: 0.002 ~ 0.009.
8-K filed 5/30/08 Now a Joseph Meuse shell!
Company now named RPHL Acquistion Corporation.
Acquired by Belmont Partners LLC
http://www.belmontpartners.net/
The Company entered into a Stock Purchase Agreement (the "Agreement" ) with Belmont Partners, LLC for Belmont's purchase of twenty-million seven-hundred thousand (20,700,000) shares of the Company's common stock for an aggregate of $180,000.00 in cash. The total of 20,700,000 shares will represent approximately 51% of all of the shares of common stock now outstanding.
In connection with the Agreement John K. Baldwin, Harry Neer, Larry Hinson and Eric Kolstad resigned as members of the Company's Board of Directors as well as resigned as officers of the Company.
Also, in connection with the Agreement Joseph Meuse was appointed to the Board of Directors as Director as well as President and Secretary of the Company.
Share breakdown after 8-K filed 5/30/08:
No preferred shares issued
Belmont 20,700,000 shares
Old Dirs 10,510,780 shares
Other 5% owner 1,054,350 shares
Float 8,258,807 shares
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As of May 1, 2008, there were outstanding 19,158,304 shares of common stock
All Executive Officers and Directors as a group (6 persons)
10,510,780
53.0%
Float 8,647,524 shares
Rockport Healthcare Group Inc., Houston
Harry Neer, 713-621-9424
E-mail: investor@rhgnet.com
On July 2, 2007, RPHL Acquisition Corp., formerly Rockport Healthcare Group, Inc., completed the sale of its wholly owned subsidiary Rockport Community Network, Inc., a Nevada corporation pursuant to a Stock Purchase Agreement dated May 16, 2007 between Rockport and Nexus Asset Acquisition Co., a Delaware corporation ("Nexus" ). Rockport sold to Nexus 100% of the outstanding common stock of RCN (the "Stock Purchase" ), which resulted in the sale of substantially all of Rockport's assets.
In consideration for the Stock Purchase, Nexus paid Rockport a purchase price of $2,101,149.98.
Rockport currently has approximately $525,000 of the purchase price after payment of its retained liabilities, from which it intends to make a dividend to its stockholders. The record date for the determination of the stockholders entitled to such dividend has not been determined.
We have not yet made any definitive determination about our future business plans since the Stock Purchase was consummated. Immediately following the consummation of the Stock Purchase, we have no operating business or source of revenues. Our Board of Directors is evaluating several possible options, including a possible transaction in which we sell or merge our "public" shell company to or with a private operating business whereby our stockholders would retain some ownership interest in the surviving public corporation. To date, we have not entered into any agreements with any parties to complete such a transaction, and, should our Board determine to pursue such a transaction, there is no assurance that we will be able to find a potential suitor on terms favorable to us, if at all.
All info taken from 10QSB May 1, 2008
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Ibox last updated June 1st, 2008
