As of 8/22/2007, 26,752,423
shares of common stock were outstanding.
Float is around 13 million shares.
COBN is in the process of completing a reverse merger.
CEO David Sackler
100 Quentin Roosevelt Blvd., Suite 403, Garden City, New York, 11530
The Company is currently exploring opportunities to acquire a new business or find a merger candidate. The Company has hired Sloan Securities Corp to advise on any acquisitions or mergers.
Found out yesterday that the US Modular deal has never been officially rescinded, which means they are officially a possible candidate and the only company COBN has announced publicly:
The Company has executed and delivered a letter agreement (the "LA"), dated January 19, 2006, with US Modular, LLC ("USM"). The LA contemplates a business combination (the "Merger") between a yet to be formed subsidiary of the Company and USM, through either a share exchange or a merger. The consummation of the transaction contemplated by the LA is subject, among other things, approval of the members of USM and the Company completing a financing (the "Financing") with gross proceeds of $10 million. The Company and USM have agreed that Sloan Securities is their exclusive investment banker with respect to the Financing. After the transactions contemplated by the LA, the present shareholders of the Company would own approximately 5% of the combined entity, investors in the Financing would own 32% of the combined entity and present members of USM would own approximately 63% of the combined entity.
COBN SEC Filings: http://sec.gov/cgi-bin/srch-edgar?text=continental+beverage&first=2004&last=2007
Adherence to Ihub TOU's will be greatly appreciated.