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etrade also has not changed to the new ticker and they told me they may be waiting for actual stock certificates, and that the new co may not be using DTC to do it electronically. This could take more time. Any trading through them anyhow would involve guaranteeing the delivery of the stock certificates and would involve a bit of risk. This could explain why no trading volume going on right now. Im sure this will change.
My account has not been settled yet.
DMWKD changed to ARPC:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/28/2013&mkt_ctg=NON-OTCBB
i think tomorrow is 20 biz days no? time to start promoting and marketing and developing this buisness. Do you guys need my help?
Nothing is happening like WIEI / CBMG. All these companies are wasteful investments. All scams to drain investor monies. Sad day
Most likely new symbol ARPC will trade above $10 EOY.
IMO
Anyone able to trade this yet post RS? Etrade not yet
CBMG with Zero trading. I know their RM with Nasadq flopped. They are simply listing and selling paper shares to people like us.
Lauren 2. FYI. Eastbridge is now Cellular Biomedicine (CBMG) trading @ $6 - $7 check it out !!!!
$4.80 - $2.60 Boom.. The price hits the floor
News or no news i only see investor money go boom in flames
Don't walk Run! This company is run by PRC Chinese, owned by East Bridge also owned by PRC Chinese, from 2008 they never got listed, their website speaks tons about their style, 100% PRC Chinese owned, none of the management have track record, PPS is unrealistic, from $0.006 to $4.80 in 3 days and not bid is $2.80 and Ask is $8.50
Go find better companies people. Nothing here
I am out!! Adios!
Bid is $2.85 and Ask is $8.50 come on. This is insiders pumping the price.
Oh no East Bridge owns and listed this company. All companies they have listed have lost money and have no volume
CBMG / WIEI all zero volume. They just pump the PPS
Chinese management in control of this company. These are PRC living in Australia and other places, but they are PRC. My past experience with Chinese management has been horrible.
Their website looks very outdated www.arempac.com . I think my teenager can do better website than this.
Google "Arem Pacific" you will see since 2008 they wanted to get listed and I don't understand why so much delay in doing a reverse merger.
These guys need to give up some financial info to get some bids. Im sure they will eventually make some info available and Im betting its going to look very good.
Seems PPS can settle around $5-$7 area.
We have $3 bid and ask was $10.
We will know soon.
When volume comes we can take profit.
I think Arem's next few PRs will be strong enough to bring some constant volume.
If average pre-split price was 1C (that means $3.88 post-split) we should be OK here.
IMO
Time is all I've had with this stock. I was holding out for Gales' genius and am a little disappointed with the reverse split. The share structure with the float was fine for a company to function in a reverse merger. The massive R/S seems a little excessive. I'm here for the remainder of the story to fold out.... Who knows.
It will trade at or above $7 if they keep SS low and plan for a NASDAQ move.
Company is too big anyway.
Canada, give it time my friend. This is just the beginning. Wait until the symbol change and the rest of the filings. You can't expect this to trade at $7 without all of the official filings. Also, I have a feeling there will be more news along the way.
It would have to trade at 6.76 to equal .02 pre-split. I can say after holding long on this I am pretty disappointed.
Very strong news out.
Last was $2.70/$20
It can really trade above $10.
I forgot to post to this board...
In June, I emailed the company and got immediate response...upon inquiring about potential R/S...company went silent...so I lost interest...
Hi CJ
We are coming to New York & LA from our base in Australia, wish to meet up with some Funders, dealer/broker. You may have some contacts in these cities, please let us know
Regards
George Leong
CEO
Arem Pacific Corporation
Scottsdale, Arizona
Sent from iPhone
Hi George,
Yes, plenty of contacts. The main issue for these investors will be the details of the change of control. As you know, with these types of corporate events, the controlling, incoming entity often times performs a reverse split of the common shares. Any comments on this will be helpful.
Best Regards,
CJ XXXXXXXXXX
Sapphire Investment Group
On 25/06/2013, at 12:04 AM, Thomas Tang <aremtang@yahoo.com> wrote:
Wish news gave us an indication asset values and revenue projetions. Copper mine alone said to contain a billion dollars of copper. Hard to determine value until we know more.
You think there will be any affiliation with MA Gales? He has a great track record.
Nice find. No trading til then?
looks like ticker will be ARPC in 20 business days!
at $7 this puts their cap rate at 7 mil. with all they have going on its got to go higher or sum ting wong.
Quite possible at least to trade >$5 if they keep low SS.
Recently MARAD trading around $7 post RS.
Will be interesting to see.
A 1:388 basically reduces all of the outstanding shares down to 1 million.
Arem Pacific Corp (DMWKD) with its business acquistions ,multi resort developments ,copper mining,has a very strong potential for stocks to hit the double digit $ figures in a short space of time and keep climbing !!!!
can you pm me, I wanted to know what stocks you like right now, I cant respond to pm but I will read it
Now i understand your attitude. LOL
Why 1:388? Uplisting ???
Possibly...Check out the requirements..
http://www.kcsa.com/kcsa_blog.php?p=539
http://www.redchip.com/blog/index.php/uncategorized/sec-approves-alternative-nasdaq-listing-requirements/
at 7 a share after RS that puts the co value a only 7 mil. they might be making 7 mil a month by next year if they go forward with plans. nope not selling yet!
did u realize z price will be around $7-$7.5, on monday!? hope u r right!
Looks like RS spooked the buyers. This is not the same as a RS being used to prop up a troubled company- they are coming out of the gate with a new share structure. doesnt sound like a big ceal to me. It must be a matter of asthetics not wanting their stock to be in the pennies per share. Also they could become available to institutional investors in the near future. I think Monday is going to be a really big day.
If the pr mentioned a RM with a new share structure we would be sitting at .05 now and the board would be nuts. Lol
Yes we all know what a reverse split is. Do you know what a RM is? We are getting a new symbol. Wait for it. Geeesh
take it weeezeee dude, most of us are well experienced with R/S especially ones 1-20 or higher
1-388 is HUGE!!
most of the time these get shorted back down and the investor that held through the R/S gets hurt again after waiting (x) amount of days for the split shares to settle(No Thanks!)
Message in reply to:
SOUNDS AND LOOKS LIKE A REVERSE MERGER TO ME!
This board should be lit!
Damn, I'm stuck :(
SOUNDS AND LOOKS LIKE A REVERSE MERGER TO ME!
Scottsdale, Arizona, June 21, 2013/ -- Diversified Mortgage Workout Corp, (DMWK) -- a public company trading on the US OTC ? today announced its change of control of the corporation to Arem Pacific Corporation, a corporation in Scottsdale, Arizona ?
Thomas Tang, the President of Arem Pacific Corporation, commented, "We are very pleased with this transaction and we look forward to bringing more value to the Company."
Diversified Mortgage Workout Corporation (PINKSHEETS: DMWK) today announced its name formally changed to Arem Pacific Corporation, effective Monday, July 29. Mr. Thomas Tang has been elected to be the new president, effective immediately. More news releases will follow to introduce the new ticker symbol, new management team, board members and new company businesses.
Todays announcement about the new share structure will go with the new ticker symbol!
This board should be lit!
WHAT IS A REVERSE MERGER?
A Reverse Merger is a transaction where by the private company shareholders may gain control of a public company by merging it in with their private company. The private company shareholders receive a substantial majority of the shares of the public company (normally 85% to 90% or more) and the control of the board of directors. The transaction can be accomplished in as little as two weeks, resulting in the private company becoming a public company. The transaction does not go through a review process with state and federal regulators because the public company has already completed the process. The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing the public shell company issues a substantial majority of its shares and the board control to the shareholders of the private company. The private company shareholders pay for the shell and contribute their private company shares to the shell company and the private company is now public.
Upon completion of the reverse merger, the name of the shell company is usually changed to the name of the private company. If the shell company has a trading symbol it is changed to reflect the name change. An information statement, called an 8-K, must be filed within 15 days of the closing. The 8-K describes the newly combined company, stock issued, information of new officers and directors, and financial statements audited to US GAAP, standards. The 8-K must disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934.
DMWKD DAMWEEKEND
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M.A.GALES&,CO.,INC. evolves a definitive win-win framework for each Acquisition. As the acquirers, our mission is to deliver, in a highly professional fashion, management skills and capabilities designed to accelerate growth and increase shareholder value of the acquired company; some of the delivered elements are:Capi
Global technical expertise
Management and operational experience
Extensive contacts
Proprietary rights
For the acquisition to be successful for all parties, the Company being acquired must also meet certain requirements including:
Profitable operatio
Recognized technical expertise
Operational excellence
Positive community relationships
The foregoing items create value for shareholders, for the continuing management and staff, and the community(ies) which they serve and in which they reside.
On June 21st 2013 DMWK was taken control of by http://arempac.com/index1.htm
http://www.otcmarkets.com/stock/DMWK/news/Diversified-Mortgage-Workout-Corp-Today-Announced-Change-of-Control?id=64893&b=y
STAY TUNED!!!!!!!!!!!!
Shares Outstanding | 374,480,602 | |
Float | 43,518,500 | |
Authorized Shares | 500,000,000 |
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