Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ASENQ: BK Plan effective. All shares cancelled. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
oh well, next
ASENQ .0032 X .0075, just got email from broker for a Rights Offering here, guessing commons will stay intact when it emerges from BK
ASEN changed to ASENQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
I had little doubt XBOR would attract the attention of others (whether it's ASEN or not). Obviously RDMP thinks the same thing. Tough to assemble an acreage position like XBOR's. Makes the AFE's a little easier to pay!
follow the money?
Stock for stock deal
On November 22, 2011, Cross Border Resources, Inc. ("Cross Border") entered into a letter of intent (the "LOI") with American Standard Energy Corp. ("American Standard") which memorialized American Standard's intent to acquire Cross Border (the "Proposed Business Combination") and granted to American Standard the exclusive right to enter into such a transaction with Cross Border between November 22, 2011 and January 31, 2012 (the "Term").
Pursuant to the Proposed Business Combination, Cross Border would merge with and into a wholly owned subsidiary of the Company, with such subsidiary continuing as the surviving entity. American Standard has the right to alter the structure of the Proposed Business Combination during the Term. The consideration payable to stockholders of Cross Border will be a number of shares of American Standard's common stock determined within 30 days of the date of the LOI based on an agreed price for Cross Border and the relative net asset value of American Standard.
The Proposed Business Combination is subject to the execution and delivery by American Standard and Cross Border of a mutually satisfactory, definitive merger agreement containing customary representations, warranties, covenants, indemnities and closing conditions. The anticipated closing date would be on or before March 31, 2012.
Cross Border and American Standard agreed to use their best efforts to complete their respective due diligence investigations by December 31, 2011. During the Term, American Standard has the exclusive right to enter into the Proposed Business Combination. Cross Border agreed that none of it, its officers, directors, employees, any investment banker, financial adviser, attorney, accountant or other representative of Cross Border would submit, solicit, initial, encourage or discuss with third parties (or facilitate or furnish information with respect to) any proposal or offer from any person relating to a transaction alternative to the Proposed Business Combination.
If Cross Border breaches its exclusivity obligations during the Term and closes an alternative transaction with a third party within 12 months of the end of the Term, Cross Border will be obliged to reimburse American Standard for all of American Standard's due diligence and financing-related costs, together with all expenses and out-of-pocket costs, incurred in connection with the preparation, review, negotiation, execution and delivery of the LOI and the definitive merger agreement, if any, and any other documents related thereto, in an amount up to $200,000.
The LOI may be terminated by mutual consent; by either party upon completion of its due diligence investigation; by American Standard if, on or prior to December 31, 2011, Cross Border has not obtained the approval of its board of directors for the Proposed Business Combination and confirmed that it is satisfied with its due diligence investigation of American Standard; or by either party if they have not executed a definitive merger agreement on or prior to January 31, 2012.
The foregoing summary of the terms of the LOI is qualified in its entirety by reference to the full text of the LOI, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The execution of the LOI described above was announced today: please see the press release (released pursuant to Rule 425 under the Securities Act of 1933) attached as Exhibit 99.1 hereto.
Imagine YOU being the ASEN moderator too!!??? What are the chances????? HA! TOS violation so far? Shelly?
Rest in peace ASEN board. LOL!
Remember CO2..."follow the money" but not down the drain as history has shown.
American Standard Energy Enters Into a Letter of Intent to Acquire Cross Border Resources
Last update: 11/23/2011 7:30:00 AM
SCOTTSDALE, Ariz., Nov. 23, 2011 /PRNewswire via COMTEX/ -- American Standard Energy Corp. (ASEN) today announced the execution of a letter of intent to acquire New Mexico oil and gas operator Cross Border Resources, Inc. (otcqx:XBOR) which provides that American Standard Energy Corp. has the right to enter into such a transaction with Cross Border Resources, Inc., between November 22, 2011 and January 31, 2012.
About The CompaniesAmerican Standard Energy Corp. is an exploration and production company based in Scottsdale, Ariz., with operated and non-operated properties in the Permian Basin of West Texas, and non-operated leasehold interests in the Bakken/Three Forks shale region in North Dakota and the Eagle Ford shale region of South Texas. Cross Border Resources, Inc. is an oil and gas exploration and production company headquartered in San Antonio, Texas with leasehold interests and non-operated producing properties primarily in the Permian Basin of southeastern New Mexico and West Texas.
Additional Information
In connection with the proposed business combination, American Standard Energy Corp. and Cross Border Resources, Inc., will be filing a joint prospectus/proxy statement with the Securities and Exchange Commission. Investors and security holders of both American Standard Energy Corp. and Cross Border Resources, Inc. are invited to read the joint prospectus/proxy statement regarding the proposed business combination referenced in the foregoing information when it becomes available. American Standard Energy Corp. and Cross Border Resources, Inc. expect to mail a joint prospectus/proxy statement about the proposed business combination to their respective stockholders. Investors and security holders may obtain a free copy of the joint prospectus/proxy statement (when available) and other documents filed by the companies free of charge from the Securities and Exchange Commission's web site at . The joint prospectus/proxy statement and such other documents may also be obtained from American Standard Energy Corp. or Cross Border Resources, Inc. free of charge by directing such requests to the respective contact persons listed below.
American Standard Energy Corp. and its officers and directors may be deemed to be participants in the solicitation of proxies from stockholders of American Standard Energy Corp. with respect to the approval of the proposed transactions contemplated by the foregoing. Cross Border Resources, Inc. and its officers and directors may be deemed to be participants in the solicitation of proxies from stockholders of Cross Border Resources, Inc. with respect to the approval of the proposed transactions contemplated by the foregoing. Information regarding such officers and directors will be set forth in the proxy statement/prospectus.
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the companies. It is important to note that actual outcomes and actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the companies' ability to raise financing for operations, breach by parties with whom the companies have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and the ability to participate in the exploration of, and successful completion of, development programs on all aforementioned prospects and leases. Additional information risks for the companies can be found in their respective filings with the U.S. Securities and Exchange Commission.
Contacts:American StandardRichard MacQueen(480) 371-1929
Cross BorderEverett Willard "Will" Gray II(210) 226-6700
SOURCE Cross Border Resources, Inc.
Copyright (C) 2011 PR Newswire. All rights reserved
News provided by Dow Jones NewswiresSM, PR News Wire and Business Wire. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
The attention getter
Rs should get the ball rolling
Rs should get the ball rolling
American Standard Energy Corp to Present at the Canaccord Genuity Global Energy Conference
ASEN Closes $300M Senior Credit Facility
33% quarterly revenue growth last quarter.
Rig 2 started up today in the Permian Basin.
Yeah looks like the old business went bye bye and they are getting into the oil and gas business. Could be interesting if it is new management and a shot at something real. Guess we will see.
OMG...looks to me like the company went from selling weiners to "being a weiner'....
BUYER BEWARE!
Seems like they may have moved on and the new management is now in place like a reverse merger?
Same guys running this as before?
TEMPE, Ariz., Nov. 3, 2010 /PRNewswire/ -- American Standard Energy Corp., a wholly owned subsidiary of Famous Uncle Al's Hot Dogs & Grille, Inc. (OTC Bulletin Board: FDOG) has completed a purchase of partial interests in six wells currently being drilled in the Williston Basin of North Dakota known as the Bakken. The wells are located in Williams, McKenzie and Dunn Counties of North Dakota. Scott Feldhacker, CEO of FDOG reported that "... purchasing minority interests in numerous wells shortens our investment timeline allowing American Standard Energy Corp. the luxury of choosing our operating partners. This type of transaction has allowed us to implement our overall business plan while shoring up our long term goals and further diversifying our well participation."
The six wells involved in this transaction provide a diverse addition to the 17 wells in which American Standard Energy Corp. currently participates.
American Standard Energy Corp. has completed a transaction to purchase additional Bakken acreage. The additional 320 net mineral acres acquired are located within the Williston Basin of North Dakota in Mountrail, Williams and Divide counties. This acreage is located in the heart of the established area known as the "Bakken".
Scott Feldhacker, American Standard Energy's CEO commented, "We believe we are well positioned in the best areas of this rapidly developing play and will continue to acquire mineral acreage that fits our minority working interest, non-operator model."
The completed acquisition brings American Standard's Bakken holdings to approximately 5,650 net acres. American Standard participates in 20 plus wells within this acreage in addition to its holdings in Texas.
About American Standard Energy Corp.
American Standard Energy Corp. is an exploration and production company based in Tempe, Arizona. American Standard Energy's primary focus is the Williston Basin Bakken and Three Forks trend in North Dakota as well as The Eagle Ford shale and Permian Basin of Texas.
I think I might buy some of this..sounds interesting..
Sold what I had left for 1.50 a share.Only lost 20 grand on this scam.Least I got something.This new scam will not be around long.Same guys running it yet. Get out while you can.something is better then nothing
Of the two stores in Vegas (both owned by the same person), one closed and the other is now called Great Links and has nothing to do with Famous UNcle Al's anymore (except I still order a Vrginia Beach instead of saying chili and cheese dog).
The stock was bought out by another scam company.It will be down to zero real fast.Don't buy into the latest round of bs. The company is dead .Now they are going to do it all over again. Its another scam believe me..
13:00 7/29/2010 FDOG 1-460 R/S
tomorrow:
Famous Uncle Al's Hot Dogs & Grille, Inc. Common Stock FDOGD
Has anyone heard the latest round of B.S that some auction site might be buying the symbol?Sounds like more crap. I called some of the stores and was told they have nothing to do with fdog anymore. The company is gone but I don't understand why they kept the filling up...Makes zero sense.
I see they filed May 6th...Its not dead yet after all...
Anyone else here that they are getting ready to crank up again? They are planning on expanding big time I guess. Wonder if its true or more B.S
Its all over.Lost lots of money here. I wonder what will happen to the stores?
there broke. can't get a hold of anyone. no e-mails.no working phones. they went under. i think the stores are all on there own now.
FDOG - 60 Years Adds Up to Success
When looking at a particular business as an investment we often ask a few simple qualifying questions to see if the company merits further inspection. One of the questions is always “is there any demand for the product”. In the case of Famous Uncle Al’s hot dogs and Grille, the question is rhetorical. Hot dogs? Demand? Americans eat tens of millions of them each year, and for many it’s a “staple food”. So, the first question is a resounding “yes”. There is overwhelming demand for a high quality, fresh made, tasty hot dog, and the accompanying grill foods to go with it.
Another question we ask, is “does anyone know anything about running the business?” And again in this instance we can answer with another reverberating yes. Between the top three officers of the company we are looking at over 60 years of combined experience in some form of marketing food products. Let’s be very clear about this because it’s important. Just because someone says he has 10 years of sales experience selling computer hardware, it doesn’t mean that he’ll be that dynamic selling food service products. But in Famous Uncle Al’s situation, this isn’t the case. The CEO - Paul Esposito served ten years as the founding President of the Famous Food Group Inc, a manufacturer and distributor of frozen pizza products and even patented their baking equipment. He even won the New York Restaurant show’s “best new product” award. Obviously, Mr. Esposito knows food.
Dean Valentino, the President, spent 20 years in marketing, including owning/operating a Taco bell, and a 200 seat sit down restaurant. But with his degree in business and marketing, his focus is on leasing and site negotiations. Speaking of marketing, Richard Michael, the marketing director, has over 30 years of marketing experience, including serving as the President and CEO of a 70 unit restaurant franchise company.
When we see people with a strong background in the sector that they are presently working in, we take comfort knowing that they’ve “been there, done that”. Nothing works better than experience, and this management team brings years of it all together to make Famous Uncle Als Hot Dogs & Grille Inc (FDOG.OB) a success. When you combine the unique experience each team member has, and then bring them all to the table, you’ve formed a well rounded front office.
Famous Uncle Al’s has the built in demand. They have a first class product and a management team that knows how to put it all together and create successful franchises. That’s a powerful combination and one worthy for investors to take notice of.
Looks like some movement today. Nice jump. Is this going to start to move like some others since new years
From what I heard they are dead. They are not opening and more places and you can not contact anyone.Called a few stores and was told they have not heard from company in months. Maybe some one will but them. From what I understand the company will be shutting everything down. The web page is down too.
FDOG Famous Uncle Al's Hot Dogs & Grille Inc
it looks as if this is a good buy. the stock is at a low point and is still cheap. The state they are opening up 2 new locations in december of 2009. With that being said it looks as a good time to get me some of that. They don't have much stock so the price will go up fast. Anyone have a thought.
Hoping for more tommorrow. I need .041 for green.
Looking good
It'll go. May put us to sleep firrst lol.
Lol I got my eye on this dog
Alright Fat Al. Let's see if your hotdogs can put a few bucks in my pocket
FDOG.OB Offers a Delicious Selection of Fresh Food
Started back in 1985 in Virginia Beach, Virginia, this Hot Dog Grille has grown significantly. They offer franchising in just about every US State and currently have franchises in Virginia, Florida, Connecticut and Nevada.
The restaurant atmosphere is laid back, and the Dogs are prepared right in front of the customers for an exciting dining experience. Pick-Up, Order up, and Table Service are all offered, giving the customers the choice of how they want to be served. One unique feature offered by the company is their online order form allowing customers to place orders online and then pick them up in the restaurant.
Most exciting about Uncle Al’s is their extensive menu of Hot Dogs. They offer just about every Kind of Hot Dog a customer would want. Some of the Hot Dogs offered include the Memphis Dog, Chicago Dog, New York Dog, Philly Dog, Orlando Dog, and the Al’s Original Dog. These are just a few of the Hot Dogs they offer. They also offers burgers, chicken sandwiches, cheese steaks, and their special line of sausages. As if this was not enough they offer many other entrees to satisfy anyone’s appetites, they even offer children’s menus. To go along with the entrees, they have a full assortment of sides and extras.
This company offer customers a unique casual dining experience with great food and an assorted menu of all-time favorites as well as distinctive tastes. Management has shown their 100% commitment to building shareholder value through strategic partnerships, acquisitions, and continued franchise growth.
FDOG Offers Many Advantages
This restaurant franchise offers entrepreneurs the chance to own and operate their own Uncle Al’s Hot Dog Grille. They give individuals and businesses the opportunity to own multiple units and become regional developers in their area with exclusive territory rights. Therefore, it is easy to see the growth potential for Famous Uncle Al’s Hot Dogs.
What makes the Franchise network at Uncle Al’s so unique is the fact that products are manufactured previous to being distributed to the franchisees. They run a clean supply chain to the franchise stores. Products are sent directly from their facilities to distributors who deliver the products to franchises. This causes minimal shipping delays with no cross docking or redistribution. All of this enables the franchise stores and ultimately the customers the ability to enjoy the freshest ingredients.
Franchise stores require low startup costs and little overhead costs to maintain. The startup costs range from $150,000 to $250,000 to get off the ground. Once initiated, the operational costs remain low as well. One grill person is required and minimal amounts of other staff employees are required to run a restaurant. Prep time is also nominal, allowing for extreme ease of operation.
The company is committed to the individual success of these franchisees and continues to work to build value through strategic partnerships and acquisitions. They believe that this 100% commitment to the Franchises and their brand will increase shareholder value and lead to a prosperous future for the company.
More than Just 100% Meat: Famous Uncle Al’s Hot Dogs and Grill, Inc. (FDOG.OB) Franchises Offer Premium Dogs and Premium Service
Created in 1985, Famous Uncle Al’s Hot Dogs and Grill, Inc. (OTCBB: FDOG) has expanded its operations throughout the Virginia, Florida, Connecticut and Nevada areas, offering a casual atmosphere and a menu full of hot dogs, burgers, fries and other American traditions.
Al was 10 years old when he began selling and grilling hot dogs in Far Rockaway, N.Y., and has since opened a string of restaurants to fulfill his quest of serving the “best hot dogs around.” Soon after its inception more than 20 years ago, the chain quickly earned a reputation for its fun atmosphere and “premium” hot dogs imported from Brooklyn.
Famous Uncle Al’s restaurants are a staple of casual American dining – with both table seating and a lunch counter where customers can watch as their dogs prepared right in front of them. Al’s restaurant system requires minimal staffing and quick-and-easy preparation – allowing the company to boast that its franchise is one of the easiest franchise operations available.
The company’s franchise options include approved equipment and furniture packages, 100% all meat products supplied by local distributors, staff and management training at designated locations and additional in-store training.
FDOG.OB - 60 Years Adds Up to Success
When looking at a particular business as an investment we often ask a few simple qualifying questions to see if the company merits further inspection. One of the questions is always “is there any demand for the product”. In the case of Famous Uncle Al’s hot dogs and Grille, the question is rhetorical. Hot dogs? Demand? Americans eat tens of millions of them each year, and for many it’s a “staple food”. So, the first question is a resounding “yes”. There is overwhelming demand for a high quality, fresh made, tasty hot dog, and the accompanying grill foods to go with it.
Another question we ask, is “does anyone know anything about running the business?” And again in this instance we can answer with another reverberating yes. Between the top three officers of the company we are looking at over 60 years of combined experience in some form of marketing food products. Let’s be very clear about this because it’s important. Just because someone says he has 10 years of sales experience selling computer hardware, it doesn’t mean that he’ll be that dynamic selling food service products. But in Famous Uncle Al’s situation, this isn’t the case. The CEO - Paul Esposito served ten years as the founding President of the Famous Food Group Inc, a manufacturer and distributor of frozen pizza products and even patented their baking equipment. He even won the New York Restaurant show’s “best new product” award. Obviously, Mr. Esposito knows food.
Dean Valentino, the President, spent 20 years in marketing, including owning/operating a Taco bell, and a 200 seat sit down restaurant. But with his degree in business and marketing, his focus is on leasing and site negotiations. Speaking of marketing, Richard Michael, the marketing director, has over 30 years of marketing experience, including serving as the President and CEO of a 70 unit restaurant franchise company.
When we see people with a strong background in the sector that they are presently working in, we take comfort knowing that they’ve “been there, done that”. Nothing works better than experience, and this management team brings years of it all together to make Famous Uncle Als Hot Dogs & Grille Inc (FDOG.OB) a success. When you combine the unique experience each team member has, and then bring them all to the table, you’ve formed a well rounded front office.
Famous Uncle Al’s has the built in demand. They have a first class product and a management team that knows how to put it all together and create successful franchises. That’s a powerful combination and one worthy for investors to take notice of.
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
79
|
Created
|
05/01/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |