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Motion DNA Corporation (MTDX)

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Last Post: 8/11/2009 7:37:32 AM - Followers: 15 - Board type: Free - Posts Today: 0

Motion DNA Receives $5.6 Million Deposit From Formula 51-2, LLC Thursday May 26, 9:45 am ET PHOENIX, May 26 /PRNewswire-FirstCall/ -- Motion DNA Corporation (Pink Sheets: MTDX - News), announced it has received a deposit in the amount of $5,600,000 as part of the agreement with Formula 51-2, LLC for a buyout of all its outstanding shares. The deposit was due before May 29, 2005 but was delivered on Wednesday by Jamir Miller, Managing Member of Formula 51-2. Last month, the companies agreed to a firm buyout price of $3.125 for each share of the company's outstanding stock. The buyout is awaiting a vote by the shareholders on June 17, 2005. The balance of funds to complete the buyout must be placed in an escrow account at the law offices of Greenburg-Traurig within 30 days of shareholder approval. The buyout agreement allows Formula 51-2 sixty days from the shareholder meeting to complete the acquisition of all the issued and outstanding shares. Instructions are currently on the way via direct mail to the address of record for each registered shareholder of the company as of May 16, 2005 on how and where to call to register their confidential votes. A copy of the signed agreement is attached to the proxy statement for shareholders to review prior to their vote. Only those shareholders whose stock was purchased and cleared by the record date are eligible for the vote on June 17. Upon approval, all of the issued and outstanding stock of the company at the time of the close of the transaction will be acquired by Formula 51-2. Motion DNA continues to operate under its business plan. Currently, the company is scheduling educational seminars, Injury Risk testing dates for prospective professional and collegiate baseball and fastpitch softball players through Perfect Game USA, and preparing to launch a new interactive website. Motion DNA's product development team also continues to work on improving the company's software. About Formula 51-2, LLC: Formula 51-2, LLC was organized under the laws of the state of Arizona in June 2003 by former professional football player Jamir Miller. Now retired from professional football where he starred on professional teams in Cleveland and Arizona. Miller has undertaken several business ventures including, a real estate development company and whole foods manufacturing plant, among other business ventures. Formula 51-2's mission is to locate and enhance existing, undervalued businesses through investments, mergers and acquisitions. Company Website: http://www.motiondnacorp.com/home.htm Company Info: http://www.pinksheets.com/quote/quote.jsp?symbol=MTDX http://finance.yahoo.com/q?s=MTDX.PK Company News: http://www.motiondnacorp.com/investor.php http://finance.yahoo.com/q/h?s=MTDX.PK Contact Details: Motion DNA corporate offices and diagnostic testing and performance training center is located at: 15023 N. 73rd Street Suite 106 Scottsdale, AZ 85260 Toll free: 877.425.7734 Local: 480.425.7734 Fax: 480.991.7736
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#2435  Sticky Note My name is Robert Eckert. I'm a siacc 03/20/09 11:56:35 AM
#2437   This stock is a poster child of the bell345 08/11/09 07:37:32 AM
#2435   My name is Robert Eckert. I'm a siacc 03/20/09 11:56:35 AM
#2434   Thx for doing that Callie. Maybe the change suzelowe 11/21/06 12:46:03 AM
#2433   SCPT..Created a new board under the new ticker Alyssa 11/19/06 08:41:35 AM
#2432   I would say they go like 10 to hopingforagain 11/17/06 11:54:31 AM
#2431   Ticker change today. avdave 11/17/06 11:17:09 AM
#2430   Maybe............ Linda and Ralph would be good initial candidates avdave 11/14/06 10:34:02 AM
#2429   What a shame. avdave 11/09/06 03:21:21 PM
#2428   There is no one new running things, because avdave 11/07/06 03:49:59 PM
#2427   It appears the new steady hand running things hopingforagain 11/07/06 11:42:26 AM
#2426   IMO, we're pretty much screwed. avdave 10/26/06 07:45:23 PM
#2425   avdave, I'm sure there's something we could do about Skeena 10/26/06 07:02:35 PM
#2424   Once it's set up, (and they had experienced avdave 10/26/06 05:30:19 PM
#2423   So do you think it is more work hopingforagain 10/26/06 05:15:26 PM
#2422   Another Double Today!!!!! avdave 10/26/06 01:47:16 PM
#2421   The mistakes have been made and reported, but avdave 10/25/06 06:57:41 PM
#2420   And yet no one can stop him. hopingforagain 10/25/06 06:53:54 PM
#2419   Look for a name change and reverse split avdave 10/25/06 06:01:38 PM
#2418   Volume Alert!!! avdave 10/25/06 02:52:59 PM
#2417   Depending on which way you look at it, avdave 10/20/06 01:08:19 PM
#2416   "I have always promised to do whatever possible bell345 10/19/06 10:16:40 PM
#2415   It was, and still is.....a scam that is. avdave 10/19/06 05:32:05 PM
#2414   Let's see, we're support to believe that it Stock_Addict 10/19/06 04:55:49 PM
#2413   "Ms. Thomas has over 20 years experience in hopingforagain 10/16/06 12:59:11 PM
#2412   Imagine that, avdave 10/16/06 11:32:03 AM
#2411   so the forward looking statement comment is all hopingforagain 10/09/06 06:27:24 AM
#2410   0.05 @ 47300. Zig must be getting ready bell345 10/05/06 03:34:05 PM
#2409   shocking hopingforagain 10/04/06 11:10:07 AM
#2408   Guess someone didn't believe the hype of the zigfraud 10/03/06 03:13:37 PM
#2407   Check out the new disclaimer on motion dna hopingforagain 10/03/06 11:03:45 AM
#2406   "Zig Ziglar Zig best trainer in federal prison." hopingforagain 09/27/06 07:06:02 AM
#2405   Ziggy...watching the news today? zigfraud 09/26/06 08:18:21 PM
#2404   too funny:) lmao cepe10 09/21/06 02:52:00 PM
#2403   Can't we at least try to sue them; Skeena 09/21/06 02:37:36 PM
#2402   avdave - Right on...but is she a MILF zigfraud 09/21/06 01:08:30 PM
#2401   You people don't get it. avdave 09/21/06 12:41:09 PM
#2400   Well I think you are being unfair to hopingforagain 09/21/06 11:09:45 AM
#2399   If she was a real CEO, she would zigfraud 09/20/06 08:57:14 PM
#2398   And everyone knows they have no money (they avdave 09/20/06 07:49:24 PM
#2397   Check out our new product! avdave 09/20/06 07:09:26 PM
#2396   yes we did...unfortunately WE will be paying the Dallas66 09/20/06 03:46:06 PM
#2395   We got news.... Skeena 09/20/06 12:20:55 PM
#2394   it is the money makers just sending signals... cepe10 09/19/06 01:08:51 PM
#2393   Volume alert: avdave 09/19/06 11:23:23 AM
#2392   I got a picture of Zig and the boys. hopingforagain 09/19/06 06:05:18 AM
#2391   Dallas, Zig said he was going to step Alyssa 09/15/06 01:34:32 PM
#2390   Has Zig not stepped down as the CEO? Dallas66 09/15/06 12:48:29 PM
#2389   There is no logic, and what amazes me Alyssa 09/15/06 12:33:11 PM
#2388   Stupid is as stupid does... zigfraud 09/15/06 11:55:05 AM
#2387   Anyone catch the address for all the directors avdave 09/14/06 06:17:02 PM
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