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You make a good point. It seems like you know alot about HGR business. Do you have any idea what the company will be worth once the merger happens?................Thanks
Well.. they did file an 8k beginning of August to extend the merger agreement 2 months thru the end of September. And this recent 8k is an extension thru just one month, or the end of October.. so yeah, maybe it will happen pretty soon!
Thanks for the input, I've been hearing great things about the merger. I've also been hearing it will happen soon for too long now. I believe it will happen it's been to long, and alot of liability for it not to happen. Good luck
Technically, it's been quite a bit longer! ussu, mmbf, now tmci.. I believe Hunt will have their ducks in a row!
What do you think the hold up is? It's been since January.
at some point they are bound to get those two calculators linked to handle the numbers!
heheheheeh-its still on the table for several reasons
Same to you. I hope both our ships come in!
My apologies Vance, the inferences I drew from yesterday's conversation were obviously wrong.
Should the company follow through on this R/M and maintain their green standard it appears that you have selected a winner of a stock.
Good luck to you.
8k Out my friends!
http://www.sec.gov/Archives/edgar/data/1377318/000107258810000275/tmci8khuntext103110.txt
now, is that really news?
It's all good my friend, it's all good. Long and Strong on this one, and well versed on what's going on!
lol-you do have your wires crossed- Vance dont say a word-hehehee
thats funny because I too called Hunt today-who exactly did you speak to? becareful here-
Who at Hunt did you speak to. Since there has been no news out, I highly doubt that they would give out that information. If that's the case the SEC would like to know as well.
Hunt Global Resources:
HGRI has secured the surface mining rights to 350 acres of land in northwest Houston which has a current appraisal of $1.75 billion dollars (at today’s prices) of high-grade sand and gravel reserves, whose size and color variations are the most desirable in the marketplace.
Going Concern
The Company's financial statements for the six months ended June 30, 2010 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported an accumulated deficit of $1,275,725 as of June 30, 2010. The Company recognized losses of $64,948 from its operational activities during the six months ended June 30, 2010. These factors raise substantial doubt about the Company's ability to continue as a going concern.
The completion of the acquisition is contingent upon the receipt of audited financial statements of Hunt. Such audited financial statements have not been completed at the time of this filing.
Odd the PPS has not reflected such sentiment...
as it moved up before news, after the news, even before with another stock, and another before that.. I will have to go with history over your information for now.
Still expecting to see an extension filed soon
Called Hunt Global Resources today and spoke with them regarding their bid to go public.
What I got out of that conversation is that the LOI with Tombstone has expired, and it looks like Hunt is going public in a different manner.
Good luck to those who own this.
Well last time agreement expired via SEC filings was 7/31/10, and the extension hit 8/2.. so maybe today, maybe not, but fully expected by me!
Maybe the debt will help the bottom line for Hunt, who knows...
http://www.tombstonetechnologies.com/
Certainly worth keeping an eye on! I own shares and am hoping to get more!
'Tombstone Technologies, Inc. (TMCI)'
This board is TCMI, who is currently in posession of less than $2000.
Hunt is a "possible" merger candidate. Why any company would want to buy a shell with hundreds of thousands of dollars of debt when they can do a nice clean S-1 registration is beyond me.
Thank you for that insight tho.
Hey Mac you might want to do some DD on Hunt Global Resources-for starters-geezeeeeeeeeeeeee
Note 1: Basis of Presentation
The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-K.
The Company incurred net operating losses during the periods shown on the condensed financial statements resulting in a deferred tax asset, which was reserved; therefore the net benefit and expense resulted in $-0- income taxes.
The completion of the acquisition is contingent upon the receipt of audited financial statements of Hunt. Such audited financial statements have not been completed at the time of this filing.
During the three months ended June 30, 2010 and June 30, 2009, the Company did not recognize any revenues from its operational activities.
During the three months ended June 30, 2010, we incurred $26,554 in selling and general administrative expenses compared to $100,030 during the three months ended June 30, 2009. The decrease of $73,476 was a result of the decrease in our activities in operations.
During the three months ended June 30, 2010, we recognized a net loss of $26,587 compared to $120,519 for the three months ended June 30, 2009.
No Revenue... Under $2000 in cash in bank... HOW EXACTLY DOES SOMEONE WITH NO MONEY BUY ANOTHER COMPANY?
D-I-L-U-T-I-O-N.
Then what comes next?
R-E-V-E-R-S-E S-P-L-I-T
I have to get now for a bit, but certainly will check in later to address any concerns. I am very much looking forward to my investment in HUNT and appreciate this board getting attention...
g'luck,
Vance
Could you please provide a link to the document that contains that information? It seems perhaps it is taken without full context of what is happening here.
The transaction contemplates the issuance of shares ...
After completion of merger, at which point Hunt it the surving entity trading as TMCI.
Need for Additional Financing
We do not have capital sufficient to meet our cash needs. We will have to seek loans or equity placements to cover such cash needs.
No commitments to provide additional funds have been made by our management or other stockholders. Accordingly, there can be no assurance that any additional funds will be available to us to allow it to cover our expenses as they may be incurred.
The transaction contemplates the issuance of shares as follows:
A) 29,000,000 shares of Common Stock of the Company to Hunt;
B) 125,000 Class A Preferred Convertible Shares (having a conversion ratio of one preferred to 208 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $3.00 for ten consecutive trading days)
You seem to be confusing the information available. The merger is not dependant upon the PPS of TMCI to reach any particular price before it goes thru!
ZERO Revenue....
HUGE Defecit....
Dilution....
PPS Half the price that needs to be for the merger to go thru.
Investment? Or future Pump and Dump?
This is an investment, not a trade. You would do well to check the iBox on this board.
Assets
Current Assets
Cash and cash equivalents $ 1,962 $ 7,439
Cash flows from operating activities: $ (41,579) $ (57,171) $ (128,278)
---------------- ------------------ --------------------
Net Cash flows used in operating activities (41,579) (57,171) (128,278)
The Company reported an accumulated deficit of $1,275,725 as of June 30, 2010. The Company recognized losses of $64,948 from its operational activities during the six months ended June 30, 2010. These factors raise substantial doubt about the Company's ability to continue as a going concern.
Note 4: Income Taxes
The Company incurred net operating losses during the periods shown on the condensed financial statements resulting in a deferred tax asset, which was reserved; therefore the net benefit and expense resulted in $-0- income taxes.
Note 5: Subsequent Events
Hunt Global Resources, Inc. Acquisition
The Company entered into an agreement to acquire the assets of Hunt Global Resources, Inc. ("Hunt"), a Houston based company focused on the use of new technologies to maximize the value of its natural resources projects. The transaction is structured in the form of a reverse merger where the shareholders of Hunt will receive in excess of 90% of the issued and outstanding stock of Company when the transaction is complete. As a result of the transaction, Hunt will acquire all of the outstanding assets and liabilities of the Company.
The transaction contemplates the issuance of shares as follows:
A) 29,000,000 shares of Common Stock of the Company to Hunt;
B) 125,000 Class A Preferred Convertible Shares (having a conversion ratio of one preferred to 208 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $3.00 for ten consecutive trading days)
Down a dime and ask goes up tells me less shares now due to some crafty buying this morning! Long & strong on this one
Hunt has signed a letter of extension which will extend the merger process until September 30, 2010.
I wonder if we will see another extension...
I'd rather see this deal done, but so long as it's still planned.. ongoing will do!
yeah man sweet! certainly tightly held, but i am hoping the wait will keep it bouncing down to current levels before ......
back to the hope my other holdings pay sooner rather than later!
great news and I expected it -now I have time to get some TMCI-sweet
It's been extended!
And the extension is correlated with that info I received from that lady.. per my PM to you catdaddy a couple/few weeks back!
So we have some time still to accumulate this sucker..
http://biz.yahoo.com/e/100802/tmci.ob8-k.html
Form 8-K for TOMBSTONE TECHNOLOGIES, INC.
--------------------------------------------------------------------------------
2-Aug-2010
Other Events
ITEM 8.01 OTHER INFORMATION
On July 28, 2010, the Hunt Global Resources, Inc. agreed to extend the term of is agreement with Tombstone Technologies, Inc. until September 30, 2010.
Tombstone Technologies, Inc. entered into an agreement to acquire the assets of Hunt Global Resources, Inc., a Houston based company focused on the use of new technologies, to maximize the value of its natural resources projects.
The transaction is structured in the form of a reverse merger wherein Hunt Global Resources, Inc. shareholders will receive in excess of 90% of Tombstone Technologies, Inc. when the transaction is complete.
The 8-K filed on January 20, 2010 contains the text of the Agreement.
I tried to talk to George Sharp but did not get him and he did not return my call-will try again monday-Iwanted to know about this very thing -I dont see Hunt not following through with this deal-
One more day to renew the agreement.. if it does not happen, will it be the end of HUNT into TMCI??? It happened with another.. and plans that were to merge into a second did not pan out.. might we tank next week with no agreement extension????
no one here can know for sure!
Stay Tuned!
4,878,000 OS, not a lot to be had right now.
boing! up .30 on 700 shares-shes tight boys
wow.. grammar sucks! LoL.. still.. too err is human!
8k Filed! Exciting times...
http://biz.yahoo.com/e/100630/tmci.ob8-k.html
Form 8-K for TOMBSTONE TECHNOLOGIES, INC.
--------------------------------------------------------------------------------
30-Jun-2010
Other Events
ITEM 8.01 OTHER INFORMATION
On June 28, 2010, the Hunt Global Resources, Inc. agreed to extend the term of is agreement with Tombstone Technologies, Inc. until July 31, 2010.
Tombstone Technologies, Inc. entered into an agreement to acquire the assets of Hunt Global Resources, Inc., a Houston based company focused on the use of new technologies, to maximize the value of its natural resources projects.
The transaction is structured in the form of a reverse merger wherein Hunt Global Resources, Inc. shareholders will receive in excess of 90% of Tombstone Technologies, Inc. when the transaction is complete.
The 8-K filed on January 20, 2010 contains the text of the Agreement.
Not the full agreement, maybe not even the final draft.. not sure.. but interesting read nonetheless!
http://agreements.realdealdocs.com/Agreement-and-Plan-of-Merger/AGREEMENT-AND-PLAN-OF-MERGER-2566537/
the long waits seem to pay a lot better for me-being patient = money
Picked up 100 more myself!
Any money I get, until the sparks fly, is being divided up between this & the other!
Quite exciting, this being patient & all!
nice dip to enter on-
thats what they all say -once you are hooked there is no way out-lol
In my honest opinion, a buck forty on the ask is probably a good buy in point IF the deal with Hunt is still a go!
I am really amazed that the price right now, as of this post, sits at $1.05 a share. If this whole deal goes thru, we are talking about Hunt Global Resources fully merging into TMCI. That makes it quite a valuable investment IMO. However, if this sucker falls thru and it does not happen for some crazy reason... I will definately lose half my interest in stock investing! Only half though
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Following several months of study, evaluation of the capital and resources necessary for each of the three areas of past investment and the opportunities to use each of the assets to provide meaningful initial capital to pursue the others, the Company decided to focus solely on the development of a frac sand operating company. As a result of this important decision, the Company has:
Simply stated we believe we have one of the most important Northern White Sand deposits in the industry. It is very large…..it is in one location…. it also has an exception concentration of what is classified as "coarse" material. All white sand is not created equal.
The vast majority of premium 'white frac sand' is produced in Northern Illinois, Minnesota and Wisconsin. White sands produced today are from the Ordovician and Cambrian periods. The St. Peter formation - sands from Ottawa and all of Illinois as well as parts of Wisconsin and all of OK, AR, MO - is Ordovician. Most Minnesota sand and sand from parts of Wisconsin are Cambrian, which is the older period, and consequently preferable. These Cambrian sands are called Jordan Sands. Older, better, higher priced, more valuable technical properties.
One of the inherent weaknesses of the northern deposits is the tendency for many of the materials to have a diminishing percentage of coarse-grained material. Some deposits, for example, contain none to perhaps only 20 percent of less of recoverable plus 40 mesh. As a result, high-cut 20/40 products with 60+ % of the material retained between the 20 and 30 mesh sieves command a premium price. The Minnesota deposit has a much higher than average percentage of "plus 40" mesh.
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