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that was wasted money.
BMTL SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-72450.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-72450-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-72451.pdf
BMTL just hired a Top Gun to revitalize the company:
8KSpy alert: http://www.sec.gov/Archives/edgar/data/1443062/000101103414000075/0001011034-14-000075-index.htm
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ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
Effective August 30, 2013, BioMedical Technology Solutions Holdings, Inc., a Colorado corporation (the “Company” or “BMTS”) (OTC Pink: BMTL) entered into an Agreement and Plan of Merger (“Merger Agreement”), between the Company and MedClean Technologies, Inc., a Delaware corporation (“MedClean”) (OTC Pink: MCLN). Consummation of the Merger was subject to the satisfaction of numerous conditions. Concurrently, the Company and MedClean entered into a Management Agreement. The Company announced the Merger Agreement and Management Agreement in its Current Report on form 8K dated August 30, 2013 and filed with the Commission on September 5, 2013.
On January 27, 2014, the Company received a letter on behalf of MedClean terminating the Agreement and Plan of Merger and the Management Agreement.
Strong bids there.
It will by the closing of merger. The reason the pumpers did not jump on this one is because there is a 343,000 share block at .025.
Worth 20% more than what ever MCLN trades at. Mcln at .06 now values this at .072.
whats the story here ? Why is it so dead I would think people would be on this one ?
Its clear in the 8-k that current BMTL holders get 60% stock in new company while current Mcln holders get 40%. At some point BMTL will trade higher than MCLN. Question is does that mean MCLN will come down or will BMTL go up. We will see. By the time it hits daily list price correction will have occurred.
Pls explain... Isn't BMTL worth more than MCLN though its pps is lower? If true, why will anyone sell BMTL and buy MCLN?
60/40 ratio in favor of BMTL. Which means if MCLN trades at .04 that values BMTL at .06. Pretty simple. I'm amazed how some ignore the facts and follow people instead of the DD.
SECTION 5: MERGER CONSIDERATION
5.1 Securities to be issued on Effective Date of Merger.
On the Effective Date of the Merger:
(a)
all issued and outstanding shares of common stock of BMTS (the “BMTS Common Stock”) shall be converted into shares of MedClean Common Stock (the “MedClean Common Stock”) The conversion rate of BMTS Common Stock into the MedClean Common Stock shall be as set forth in Exhibit 5.1(a), attached hereto (the “Exchange Ratio”). (Note: The calculation of the Exchange Ratio shall give effect to the MedClean Pre-Closing Actions, and shall be based upon the total of MedClean common stock and stock options and warrants exercisable to purchase shares of MedClean common stock outstanding as of the Effective Date (the “MedClean Fully-Diluted Shares”). Any changes in the MedClean Fully-Diluted Shares will change the number of shares of MedClean Common Stock to be issued hereunder, such that the MedClean Common Stock issued to the holders of BMTS Common Stock on the Effective Date of the Merger shall represent 60% of the total issued and outstanding shares of MedClean Common Stock immediately following the Merger.
The facts are that BMTL is worth more than MCLN. Just that 343,000 share block at .025 stopped the flippers from playing this one for now.
Upon consummation of the Merger, all issued and outstanding shares of BMTS common stock will convert into a number of shares of MedClean common stock which will represent, when issued, and after giving effect to the Debt Conversions described below, 60% of the total issued and outstanding shares of MedClean (the “Exchange Ratio”). The Merger will result in a change in control of MedClean. The Merger is subject to any dissenters’ rights of the BMTS and MedClean shareholders.
Not a shell. Actually current BMTL holders will own 60% of new company. Worth more than MCLN. I currently hold neither one. Will buy BMTL at some point maybe even that 343,000 share block at .025.
I clearly read that BMTL common shares will be converted into MCLN shares. BTW BMTL shares will be converted into 60% of MCLN OS. Not sure why you like MCLN. If MCLN is valued at $1M market value, then BMTL share holders will take $600k of them by converting current BMTL common shares. BMTL will not be a shell afterwards, Most likely
ticker BMTL will be revoked since all its common shares are converted to MCLN.
Upon consummation of the Merger, all issued and outstanding shares of BMTS common stock will convert into a number of shares of MedClean common stock which will represent, when issued, and after giving effect to the Debt Conversions described below, 60% of the total issued and outstanding shares of MedClean (the ?Exchange Ratio?). The Merger will result in a change in control of MedClean. The Merger is subject to any dissenters? rights of the BMTS and MedClean shareholders.
BMTL will be left as a shell as MCLN gain their assets through their sub, hope that helps..... hence the low pps, just a shell now....
MCLN MedClean being the surviving corporation (the “Merger”) and with BMTS’s existing subsidiary, BioMedical Technology Solutions, Inc. (“BMTS Sub) surviving as a wholly owned subsidiary of MedClean"
clear as day in black n white Medclean Surviving Corp...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9501734
Nice news!
PennyFans
BMTL shareholders selling shares buying MCLN.
Should be very interesting
BMTL merge into MCLN news out 09/10/2013
More action today! Looks like something is going to happen here soon. Expect financial filling with SEC.
BMTL
PennyFans
Some action on last friday. If the company fill financial reports with SEC, it could be turning around point.
BMTL
PennyFans
SO glad I got out of this turd @ .04
Sure I took a little hit, however seeing where it's at currently assures me I did the right thing.
Spoke with investor relations today. Expect to see 10-Q and 10-K soon and back on the OTCBB within the next week or two. The reason for the delay on the filings was due to a change in the auditor/accounting firm. But everything is in order and assured to be in good standing. Also everything is still okay with the Brazil deal moving forward and being fulfilled. I'm holding and expecting a triple or better on this from current levels. Best wishes! :o)
Yup. Moved far on air, but can plunge just as fast.
I'd like to see a Brazil update.
watching.... and waiting.
Wow, is nobody else watching this?
Still no filing, evrybody is waiting, and the chart is also waiting.
BMTL
PennyFans
Down 60%, hoping for a bounce soon!
"nice i picked some up at .075, only 5 k but its something."
That alone was a $155 dollar loss, IF you got out at .044. Plus brokerage fees of course.
Good thing you were able to average down when it hit .025 or else it would've been worse!!
This is 2012 too, just noticed that. Think I've had an issue writing 2012 all year for some reason. My post applied to 2011. I'll ask that the post be removed so I don't look like i'm showing my age and I'm not even 50 yet!
The 10Q for the first quarter 2012 is also due. This 10Q would probably be more helpful.
The 10k hasnt been filed yet. They have until May17th to do so.
This was not showing up yesterday for some reason.
I'm a bit confused....and can't respond anymore today as I will be out all day...but here is some quarterly information from last year:
http://finance.yahoo.com/q/is?s=bmtle.ob
Feeling better? Sure hope so!
I wanted to wait a few days to get at you, since you were sick. I know how it is when you're sick, it's miserable at best. Ugh.
Did you happen to speak to Mr. Richardson? I know he lives right down the road from me here in South Florida. I'm waiting to hear back from you and depending on your response, I might be calling him myself. I don't want to say too much on the public message board (the hills have eyes) however unfortunately I only have the basic package on iHub.... Hence no private messages. If you'd want to email me directly my email is the exact same as my moniker here on iHub, and I'm at hotmail.com
Talk to ya soon!
Per TradeHo's post #481 dated 4/11/12...
"I tried to call again this afternoon & was told "they are not at library to disclose info". I will now have my broker send them a letter."
Allow me to be perfectly clear about this, there is absolutely no rationalization or justification pertaining to that particular statement. Transparency is the key to ANY publicly held company with respect to shareholders.
In eager anticipation of your next post, TradeHo. Please do pm me whenever you receive the written response per the letter from your broker.
All the best,
Deans "42"
So one would presume that you're going to be returning the Demolizer II unit that "your practice" is renting? Or, if you're not renting the unit are you no longer going to be ordering the canisters for the unit? Do me a kindness, would you? Monday when you arrive at your "practice" take FIVE SECONDS of your time and snap a picture of YOUR Demolizer II unit as it sits. Either post the picture here on the board, or just send me a private message (or email should you prefer).
Being the year 2012 there isn't a person in the United States that doesn't have a camera on their mobile phone, especially a doctor!!!!!!! I look forward to receiving the photo.
Regards,
Deans "42"