American Business Corporation (ARBU)

[WIDESPREAD PANIC]

L2

[jobynimble]

Actually, the offer came down and someone took it out on 5000, now .06 x .08, was .05 x .06

[lifegear]

they bidwhacked the raised ask...hmmm

[Carlito]

05 x06 ,, 2x1

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GM Life!!

[Carlito]

.05 x.09

[lifegear]

02 HR LLC has $800M in revenues....

http://www.usindoor.com/news_2007-01-02_o2hr.html

Based in Ft. Lauderdale, Fla., and with offices throughout the US, O2HR has over 30,000 worksite employees and approximately $800 million in annual revenue, making it one of the country's top eight PEOs and one of the few offering medical and workers compensation insurances on a national basis. Its size and scope will allow USIndoor members, much like the "Fortune 500," to capitalize on high-end human resources and related technology solutions-in most cases, with considerable time and cost-savings.

[lifegear]

the private buyer of the $344M business of Certified Services http://www.o2hr.com/partnerships.htm

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Wow, huge info there!

[lifegear]

Majority Shareholder Connected to $344M Business...

One of the Midwest Merger Mgmt LLC (majority shareholder of ARBU) holdings was Certified Services whose registration was revoked by SEC and whose $344M business was sold to a private company that Midwest Merger is providing consulting services. Anthony Huff of Midwest is also a co-trustee of a Trust of an entity that holds rights to purchase the buyer.

from Certified Services:
The Transaction. On September 2, 2005, we sold approximately 95%
of our PEO business. The sale was effected through the sale of either
the stock or customer contracts of our primary operating companies
(other than Certified HR Services Company). The annual revenues for
the business sold, and upon which the purchase price was based, were
projected at approximately $344,000,000 (based on a four week period
from July- August 2005). The buyer was O2 HR, LLC, a privately owned
Illinois limited liability company. Anthony Huff provides consulting
services to the buyer and is co-trustee of a trust which owns a
majority interest in an entity which holds rights to purchase the
buyer. Mr. Huff is also a manager of Midwest Merger Management, LLC,
our majority shareholder.

http://209.85.173.132/search?q=cache:HocC9qi6E3YJ:www.secinfo.com/dPcV7.z18.htm+midwest+merger+management+revenues&hl=en&ct=clnk&cd=17&gl=us

[lifegear]

Midwest Holdings http://www.secform4.com/insider-trading/1162092.htm

[lifegear]

I think it all depends on what business Midwest Merger Management LLC decides to merge into the shell since they'll control the majority of the stock post bankruptcy

maybe we could find out if Midwest is holding some private profitable businesses that need a public shell

[WIDESPREAD PANIC]

Nice!!

[lifegear]

I did find something about commission schedule for ABM's agents earning over $50M in sales

so they must make over $50M I suppose

[WIDESPREAD PANIC]

Sweet!

[lifegear]

if American Business Media is the merger partner, there's no need to change the stock symbol ARBU

I'm trying to find out how much revenues ABM generates

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I know, DD should be you name, hush now, I only have couple k here!

[Carlito]

grrrrrrrrrrrrrrr
not to fast !

[lifegear]

700K float, this is going to go ballistic imho

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Merger is all that needs to be said to have me hooked!

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There it is in Black & White for all to see!

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Only .09 right now!!!

[lifegear]

NOLs -- Note 5 - Income Taxes (Benefits)...

At December 31, 2006, the Registrant had available approximately
$37,600,000 of net operating loss carry-forwards, which expire between
December 31, 2008 and December 31, 2023, that may be used to reduce future
taxable income. Federal income tax regulations require the Company's
continued compliance with change in control and other guidelines which, if
not met, may significantly reduce the Company's ability to utilize its loss
carry-forward.

[lifegear]

this link even included ARBU at the bottom of the article...

http://www.tradingmarkets.com/.site/news/Stock%20News/2124028/?relatestories=1

[lifegear]

LOL, yes patronize our own companies

[Tina]

Thanks lifegear!

Love the name too....very "American" ;)

[lifegear]

is American Business Media a public company? maybe it's the profitable private business that's supposed to merge with ARBU post R/S

old AMBC shareholders are getting 1 new stock of ARBU for every 100 shares of old AMBC stock

[lifegear]

Welcome Tina!

[Tina]

Hi lifegear!

Thanks for the invite. I'll be doing some DD on this one and putting it on radar.

Thanks again

[lifegear]

other Q plays are posted here http://investorshub.advfn.com/boards/board.aspx?board_id=11979

[Fourthquarter]

Thank yop life, you are always informative. Any other exciting Q play you see coming up?

[Carlito]

Yes ihub ,also show $2 !

equityfeed ,shows No L2 @ all .

[lifegear]

ask above is 2.00?

[Carlito]

Could be i fun% 1.

[lifegear]

insiders will be owning more than 97% of the new common stock, the float is basically this 700K shares from old shares post r/s

[lifegear]

the one handling the merger deal is Midwest Merger Management LLC

[Carlito]

So we have to pay the ASK , if we don't wanna miss the ride !.
1/21 ,,is very close grrrrrrrrr
monday 19, close = 1 trading day left before Dday , .

[lifegear]

I think it will be harder to buy next week, it was only last night that I found out about the chapter 11 merger agreement with a profitable company

old shareholders (AMBC) are getting 1 new stock of ARBU for every 100 shares of old stock AMBC which is why they did the 100 to 1 r/s last year bringing the old shareholder holdings to less than 700K shares

they still have to reveal which profitable company is taking over the shell with NOLs

[lifegear]

Creditors Valued New Common Stock at $1/Share...

"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"

[lifegear]

Chapter 11 Merger with Profitable Private Business...

It looks like this is the new stock. "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. "

Note 8 - Bankruptcy Proceedings

On August 28, 2006 the Company was served with notice that three of its
creditors filed an Involuntary Petition for relief under Chapter 7 of the
U.S. Bankruptcy Code in the United States Court for the Western District of
Kentucky in Louisville, KY (Case Number 06-32184), and that it had 20 days
to examine the veracity of the claims of the petitioners, of which one was
Midwest, and respond before the Bankruptcy Court.

On September 18, 2006, the Company responded to the Bankruptcy Court
acknowledging that it was indebted to the Petitioners, however, that it had
been paying its creditors as agreed or seeking an agreeable basis for
payment with them. To that extent, the Company requested that the
Bankruptcy Court supervision sought by Petitioners be pursuant to Chapter
11 instead of Chapter 7 of the Bankruptcy Code, which the Court approved on
October 30, 2006.

On July 10, 2007 the Bankruptcy Court approved the mailing of our plan of
reorganization to creditors to vote upon within the sixty day period ended
September 8, 2007. The plan provides for the creation of a new common
stock which would be issued on the following basis: 1) one new share for
each dollar of indebtedness extinguished, 2) ten new shares for each share
of preferred stock cancelled, and 3) one new share for each 100 shares of
old common stock cancelled. 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. The accompanying interim financial statements have not been
adjusted to give effect, retroactively, to the Company's confirmed plan of
reorganization.

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

[lifegear]

AMBC

[Fourthquarter]

Life, what is the old ticker symbol. I have tried to get some on Jan16th and could not buy any.

[lifegear]

if that market bell ringing news is really for this stock, then they might be announcing something significant on the 21st

[MonkeyNinja]

timeframe for a buyout? what's our chances here?

[lifegear]

ARBU is our booh

[lifegear]

I've seen stocks with o/s this low trade around $200 per share

[Carlito]

any price expection for '' buyout''
OS ,= rediculus low ,
have it on radar,

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The buyout is why I am buying!!

[lifegear]

How do you explain the buyout news that came up on its old ticker?

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Funny!