Home > Boards > US OTC > Miscellaneous >

Parallel Tech Inc (PLLK)

PLLK RSS Feed
Add PLLK Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 1/24/2006 7:44:53 AM - Followers: 1 - Board type: Free - Posts Today: 0

PLLK - PARALLEL TECHNOLOGIES, INC 12/14/2005 Reverse Split announced:.... 245:1 Name changed from Parallel Technologies to: Fushi International, Inc. 3 Month Daily Chart NOTE H - SUBSEQUENT EVENT On or about November 8, 2005, Glenn A. Little (Little) and Dalian Fushi Bimetallic Manufacturing Company, Ltd. (Dalian Fushi), a company organized under the laws of the People's Republic of China (PRC) and owned and controlled by Li Fu, Chunyan Xu, Yue Yang, and Xishan Yang, entered into a Stock Purchase Agreement (Stock Purchase Agreement) pursuant to which Little has agreed to sell to Dalian Fushi his 20,000,000 shares of common stock of the Company constituting approximately 50.96% of the Company's outstanding common stock for $550,000. The consummation of the Stock Purchase Agreement will cause a change of control of the Company. Alerts on Profiled Shells Stocks are not intended as an indicator to purchase/sell the stock. They are intended to inform users that a Shell Stock has issued a public announcement of an attempted/completed reverse merger. 11/11/2005 REVERSE MERGER: Our Profile List stock Parallel Technologies, Inc. (OTCBB: PLLK 0.025 x 0.027) issued a 10Q that included information that they have entered into a Stock Purchase Agreement with Dalian Fushi Bimetallic Manufacturing Company, Ltd. Dalian Fushi is a corporation organized under the laws of the Peoples Republic of China which manufactures and sells in China copper clad aluminum wire and copper clad steel wire. Simultaneously with the closing of the Stock Purchase Agreement, the Company expects to complete a series of transactions, contemplated pursuant to a nonbinding letter of intent between Dalian Fushi and certain potential investors, to effect, or have substantially the effect of, a reverse merger of the Company with Dalian Fushi. Dalian Fushi and the Company are in the process of negotiating with these certain potential investors regarding the structure and consummation of these transactions. Simultaneously with the consummation of the Stock Purchase Agreement, the Company will enter into a consulting agreement with Little to retain Little's services as a consultant to provide advice, information and copies of documents regarding the Company's historical records and operations to its auditors, attorneys, officers and directors. In return for his services, the Company will issue him a warrant which shall be exercisable, upon the occurrence of a contemplated reverse merger, and after a reverse split of the Company's common stock, into 0.4% of the then-outstanding common stock of the Company. Further, as a condition of the Stock Purchase Agreement, Little has agreed at the closing of the Stock Purchase Agreement to (a) appoint Li Fu as a Director of the Company, Chairman of the Board and Chief Executive Officer of the Company, (b) appoint Yue Yang and John D. Kuhns as directors of the Company, subject to the filing and dissemination of a Schedule 14f-1, and (c) submit his resignation as a Director and officer, subject to the filing and dissemination of a Schedule 14f-1. As a result thereof, immediately after the closing of the Stock Purchase Agreement, Messrs. Fu and Little will constitute the entire Board of Directors of the Company. Dalian Fushi is a corporation organized under the laws of the Peoples Republic of China ("PRC") which manufactures and sells in China copper clad aluminum wire and copper clad steel wire. Simultaneously with the closing of the Stock Purchase Agreement, the Company expects to complete a series of transactions, contemplated pursuant to a nonbinding letter of intent between Dalian Fushi and certain potential investors, to effect, or have substantially the effect of, a reverse merger of the Company with Dalian Fushi. Dalian Fushi and the Company are in the process of negotiating with these certain potential investors regarding the structure and consummation of these transactions. The Company expects that in connection with these contemplated transactions there will be up to four additional persons elected to the Board of Directors of the Company. Reverse Merger Overview PLLK Share Structure: (source: SC-14F-1 11/14/05) Authorized Shares....... 100,000,000 Issued & Outstanding.... 39,243,659 Preferred Shares............. 5,000,000 Note: 20,000,000 shares of the O/S are to be purchased by Dalian Fushi giving them effective control of PLLK. As a result, the O/S is only 19,243,659 until such time as a R/S occurs. 12/14/2005 - Reverse Split announced at 245:1 Parallel Technologies Incorporated: 211 West Wall Street Midland, TX 79701-4556 Phone: (432) 682-1761 Contact: Glenn A. Little (CEO) Dalian Fushi Website: http://www.fushigroup.com/newEbiz1/EbizPortalFG/portal/html/index.html SEC Filings: 11/09/2005... 10Q-SB - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3774898 11/14/2005... SC-14F-1 - (change in majority control) http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3780263 11/16/2005... SC-13D - (beneficial ownership disclosure) http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3792185 12/14/2005... PRE-14C - (Pending name change and reverse split info) http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D05%2D039710%2Etxt&FilePath.... 12/14/2005... 8-K - (Effective Name change and reverse split info) http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D05%2D039721%2Etxt&FilePath....
PLLK
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#62   If I'm not mistaken, according to the information 14thPGA 01/24/06 07:45:03 AM
#61   scoob - post-split, there will be 19.7 million cwalken_44 12/16/05 11:57:05 AM
#60   cw, The last I checked PLLK had scoobey-do 12/16/05 11:27:04 AM
#59   close to $10 based on where it is cwalken_44 12/16/05 10:43:46 AM
#58   What will be the estimated share price after smiley750 12/16/05 07:28:45 AM
#57   Deal closed! Dalian's income statement looks incredible. cwalken_44 12/15/05 09:46:37 AM
#56   REVERSE SPLIT (245:1) ANNOUNCED AS WELL AS THE PieSky 12/15/05 03:18:07 AM
#55   scoob - I think that is just a cwalken_44 12/05/05 11:05:34 AM
#54   Very good growth projection in the revenue and scoobey-do 12/05/05 11:03:39 AM
#53   I think everything happens at once. There cwalken_44 12/05/05 10:32:36 AM
#52   WOW, I don't sound simpleto tie the scoobey-do 12/05/05 10:10:35 AM
#51   hi scoob. there are a lot of cwalken_44 12/05/05 09:50:15 AM
#50   cw, Do you know what the r/s scoobey-do 12/05/05 08:38:26 AM
#49   not yet, docs for merger should be any cwalken_44 12/04/05 07:10:08 PM
#48   Did the R/S occur yet? TIA smiley750 11/30/05 07:32:55 AM
#47   guys - if you want a very interesting cwalken_44 11/18/05 09:51:30 PM
#46   mberto - absolutely! cwalken_44 11/18/05 08:45:47 PM
#45   Great buy Opps mberto 11/18/05 06:58:26 PM
#44   cheers to that Wang cwalken_44 11/18/05 01:49:49 PM
#43   IMO..PLLK is one of those that you wait WANG 11/18/05 12:13:13 PM
#42   Thanks, cwalken_44... I agree, getting ducks in a PieSky 11/18/05 10:26:35 AM
#41   Pie - I didn't realize until after I cwalken_44 11/18/05 10:21:52 AM
#40   cwalken - I may be wrong, but I PieSky 11/17/05 09:22:08 PM
#39   ITEM 3. Source and Amount of Funds Teamlasvegas 11/17/05 12:01:59 PM
#38   13D filing just hit the SEC site: cwalken_44 11/16/05 03:25:26 PM
#37   but PLLK is interestingly holding its ground at cwalken_44 11/16/05 10:38:07 AM
#36   Looks Like mberto 11/15/05 08:26:43 PM
#35   Apparently, PLLK has $20M USD in capital funding coinstarz 11/15/05 10:27:51 AM
#34   ARCA and TRAK on the bid now. ctb 11/15/05 09:56:46 AM
#33   Thanks PieSky. Nice chart & Box. coinstarz 11/15/05 09:45:07 AM
#32   coinstarz - if you're using the google add-in PieSky 11/15/05 01:15:35 AM
#31   Get in this one. coinstarz 11/14/05 04:42:42 PM
#30   Nice done. If you can translate the coinstarz 11/14/05 04:42:29 PM
#29   New SEC filing for PLLK, http://www.sec.gov/Archives/edgar/data/710846/000116552705000303/g1011.txt Sicilian_Defence 11/14/05 08:55:15 AM
#28   OT: Will keep NEOM on watch, Wolfin.... thanks PieSky 11/14/05 12:04:10 AM
#27   mberto...piesky...thanks for the help and info........ Wolfin 11/13/05 11:06:55 PM
#26   TeamLasVegas... looking forward to your posts. Hopefully, we PieSky 11/13/05 10:51:59 PM
#25   Thanks, Jae. Just put in in the ibox... PieSky 11/13/05 10:22:10 PM
#24   Great New Board-Good Luck With PLLK. Teamlasvegas 11/13/05 10:15:45 PM
#23   Thanks, be glad to lend a hand, mberto. PieSky 11/13/05 10:01:15 PM
#22   mberto great job on PLLK board! WANG 11/13/05 07:27:38 PM
#21   I like the way you lay that out! WANG 11/13/05 07:24:08 PM
#20   Piesky I added you as an Assistant mberto 11/13/05 06:44:06 PM
#19   Piesky I tried putting the sketch in the ibox mberto 11/13/05 06:36:13 PM
#18   Thanks mberto...:) Usually sketch these things, like RM's, PieSky 11/13/05 05:51:31 PM
#17   piesky great post mberto 11/13/05 05:36:07 PM
#16   Hi wolfin... I'm as new to this as PieSky 11/13/05 05:00:20 PM
#15   Shell Stocks has an ALERT for PLLK mberto 11/13/05 03:23:46 PM
#14   Wolfin the million dollar question is just that,what will mberto 11/13/05 03:14:30 PM
#13   I am from the SEIH board and am Wolfin 11/13/05 11:28:20 AM
PostSubject
Consent Preferences