Parallel Tech Inc (fka PLLK)

[14thPGA]

If I'm not mistaken, according to the information letter to shareholders of Jan 4, 2006, the merger should be completed at least 20 days after the mailing of the above letter, so therefore, today is the day! Looking forward to the r/s, and ownership of shares in this awesome company. GLTA

[cwalken_44]

scoob - post-split, there will be 19.7 million shares outstanding. i'm not sure how many shares Redwood gets. Should be worth at least six figures conservatively whatever it is, with warrants on top of that. btw, I think PLLK is really undervalued where it is now.

[scoobey-do]

cw, The last I checked PLLK had 93,244,000 O/S. Is that still correct? How many PLLK shares will be issued to the Dalian Team? Will the shares issued to the Dalian Team be after the R/S? TIA & GLTY

[cwalken_44]

close to $10 based on where it is right now. that puts it at a P/E in the 20's

[smiley750]

What will be the estimated share price after the split???

TIA!

[cwalken_44]

Deal closed! Dalian's income statement looks incredible. Very solid company. I think the shell shares look cheap here. GLTA!!!!!

[PieSky]

REVERSE SPLIT (245:1) ANNOUNCED AS WELL AS THE NAME CHANGE!!

"Parallel Technologies" (PLLK) will be changed to "Fushi International, Inc."
(the new stock symbol has not been mentioned yet)

When the reverse split will occur: (from 8-K)

The Reverse Split and name change will occur within 25 days of the Company mailing a definitive Information Statement on Schedule 14C to its shareholders, and a preliminary Information Statement is being filed with the Securities and Exchange Commission (the "SEC") on or about the date of this Current Report.

So looks like this will all take effect before the middle of January 2006.

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....

GLTAH

[cwalken_44]

scoob - I think that is just a simple typo. no way they would be pitching that at an investment conference a year ahead of time. I have no doubts that they are talking about Dalian. who else has such a market share of "bi-metallic cable"?? he he. such a sub-market.

[scoobey-do]

Very good growth projection in the revenue and total assets. Closing is a long way aways - November 2006. Where is my sound on film? hehehe

[cwalken_44]

I think everything happens at once. There are also new SEC regs that require all the documents to be filed within a few days of closing I believe. Should be any day now I would think.

found something VERY interesting on Google. type in "chinamerica fund" and look at the 4th or 5th item down. it's a powerpoint presentation given at an investment conference a couple weeks ago. look at page 21 of the powerpoint presentation. pretty interesting, huh?

[scoobey-do]

WOW, I don't sound simpleto tie the ends together and complete the reverse merger. This will be a good learning experience in what to expect from the next Redwood project. What is your guess into how much longer it will take to finalize the reverse merger? I wonder if it will be completed while Chris is in China. I also wonder how much longer this board will remain quiet. S3's board is getting crazy. TIA

[cwalken_44]

hi scoob. there are a lot of variables going into it IMO. it all depends on how much dalian can dilute the shell stock holders, which is probably subject to a floor that will protect the minority holders (shell stock holders). i.e. you aren't allowed to just dilute the shares to nothing. on the flip side, a ton of premium will be created by the companies merging. so IMO, there is a floor around where the shell trades now, and then upside depending on how much money is raised, what the public values the merged entity at, how much ownership is given away via warrants to other parties, what the investors value the company at, etc., etc. If I were to guess, I would say that Dalian will use those 5MM untapped preferred shares and say that for x number of preferred shares, they can convert into y number of common shares. they will get themselves up to 90%+ ownership and then the financing will come into play. IMO, it will be hard to not make money on PLLK if this deal gets finalized. we'll see . . .

[scoobey-do]

cw, Do you know what the r/s will be?

[cwalken_44]

not yet, docs for merger should be any day now.

[smiley750]

Did the R/S occur yet? TIA

[cwalken_44]

guys - if you want a very interesting comparison for this company, look at DLSL (Deli Solar) and look through the SEC filings of the past.

[cwalken_44]

mberto - absolutely!

[mberto]

Great buy Opps


until the completed merger news,then it's out with the big profit for me.

[cwalken_44]

cheers to that Wang

[WANG]

IMO..PLLK is one of those that you wait and it should do what QRUS did yesterday.

[PieSky]

Thanks, cwalken_44... I agree, getting ducks in a row.... GLTAH!!!

[cwalken_44]

Pie - I didn't realize until after I posted that message that the 13D was just showing Little's purchase of shares. Although, IMO, I think they are just getting their ducks in a row to facilitate this merger. They probably realized that Little's initial filing wasn't in place, so he just submitted it after the fact to make sure all legal filings are in place. We should hear something in the VERY near future about this merger. GLTY!

[PieSky]

cwalken - I may be wrong, but I think that 13-D you posted is an old one. It was Glenn Little's filing for his initial purchase of PLLK for $120,000 back in February 23, 2004... (see bolded date on form)

The next filing we're looking for should be the actual sale/purchase, by Dalian Fushi, of Mr. Little's 20M shares. This would give Fushi control of Parallel Technologies, and get the ball rollin'.

Though I'm not sure, I think the next filing should be another 13-D, but this time, filed by Fushi. Maybe you're more familiar than me with what the next filing will be... thanks

GLTAH!!



<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>parallelsc13dlittle022304.txt
<TEXT>

SECURITIES AND EXCHANGE COMMISISON
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PARALLEL TECHNOLOGIES, INC.
(Name of Issuer)

COMMON STOCK, par value $0.006 per share
(Title of Class of Securities)
699159 10 9
(CUSIP Number)

Glenn A. Little
211 West Wall Street
Midland, Texas 79701
432-682-1761
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

February 23, 2004
(Date of Event, Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is subject of this 13D, and is filing this schedule because
of Rule 13-d-1(e), 13(d)-1(f) or 13d-1(g), check the following box. |_|

Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which could alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all provisions of the Act (however, see the Notes).


<PAGE>

1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Glenn A. Little
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY



________________________________________________________________________________
4 SOURCE OF FUNDS*


PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]


Not Applicable
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION


United States
________________________________________________________________________________
7 SOLE VOTING POWER

NUMBER OF
20,000,000
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY

OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER

REPORTING
20,000,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH

0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


20,000,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

[_]

________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)


50.96%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*


IN
________________________________________________________________________________




<PAGE>

ITEM 1. Security and Issuer.

This Schedule 13D relates to the common stock, par value $0.006 per share (the
"Common Stock") issued by Parallel Technologies, Inc. a Nevada corporation (the
"Issuer"), whose principal executive offices are located at 211 West Wall
Street, Midland, Texas 79701.

ITEM 2. Identity and Background.

This statement is filed by Glenn A. Little, whose business address is 211 West
Wall Street, Midland, Texas 79701. The Reporting Person is a registered
broker/dealer whose business address is 211 West Wall Street, Midland, Texas
79701.

The Reporting Person has not, during the last five (5) years (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors),
or (ii) been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violations with respect to such laws.

ITEM 3. Source and Amount of Funds or Other Considerations.

The source of funds is Reporting Person's personal funds and the amount of funds
is $120,000.

ITEM 4. Purpose of Transaction.

The purpose of the transaction was for investment.

ITEM 5. Interest in Securities of the Issuer.

As of the date of the Reporting Event, the Reporting Person beneficially owned
20,000,000 shares of the Issuer's stock, comprising approximately 50.96% of the
shares common stock outstanding. The percentage used herein was calculated based
upon the 39,243,659 shares of Common Stock of the issuer stated by the Issuer as
issued and outstanding as of the date of the Reporting Event. The Reporting
Person has sole voting and dispositive powers with respect to the 20,000,000
shares of Common Stock which he owns. The Reporting Person did not effect other
transactions in the shares of the Common Stock.

ITEM 6. Contracts, Agreements, Understandings or Relationships with Respect to
Securities of the Issuer.

At the time of acquisition of the securities of the Issuer, there were no
contracts, agreements, understandings or relationships with respect to the
securities of the Issuer.


<PAGE>

ITEM 7. Material to be filed as Exhibits.
N/A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Dated: November 16, 2005

/s/ Glenn A. Little
-----------------------
Glenn A. Little
</TEXT>
</DOCUMENT>

[Teamlasvegas]

ITEM 3. Source and Amount of Funds or Other Considerations.

The source of funds is Reporting Person's personal funds and the amount of funds
is $120,000.

ITEM 4. Purpose of Transaction.

The purpose of the transaction was for investment.

ITEM 5. Interest in Securities of the Issuer.

As of the date of the Reporting Event, the Reporting Person beneficially owned
20,000,000 shares of the Issuer's stock, comprising approximately 50.96% of the
shares common stock outstanding. The percentage used herein was calculated based
upon the 39,243,659 shares of Common Stock of the issuer stated by the Issuer as
issued and outstanding as of the date of the Reporting Event. The Reporting
Person has sole voting and dispositive powers with respect to the 20,000,000
shares of Common Stock which he owns. The Reporting Person did not effect other
transactions in the shares of the Common Stock.

[cwalken_44]

13D filing just hit the SEC site:
http://www.sec.gov/Archives/edgar/data/710846/000101054905000848/parallelsc13dlittle022304.txt

[cwalken_44]

but PLLK is interestingly holding its ground at .04. very good sign . . . .

[mberto]

Looks Like

it's a waiting game now.

[coinstarz]

Apparently, PLLK has $20M USD in capital funding according to the comapny. With 40M O/S and 100M A/S, the PPS could be in the range of $0.20 - $0.50 if the share structure stays the same. Chinese stocks do find a home in US market.

[ctb]

ARCA and TRAK on the bid now. That's always fun.

[coinstarz]

Thanks PieSky. Nice chart & Box. Very informative.

[PieSky]

coinstarz - if you're using the google add-in with Internet Explorer, you can easily translate the pages. Just right-click on the page you'd like translated, then select Translate Page from the context menu. It will translate the page from Chinese to English.

Once you do this you'll see why I wouldn't post or place the translations into the ibox... the translations are just this side of unintelligible!

You CAN make sense of it after a few reads, but I'd hate to put anyone through it... lol

From what I've read, it's basically your typical website with copmpany backgound, product and production oerviewss, and plans for entering the global markets. Not a BAD read, but a difficult one if you can't read Chinese...:)

[coinstarz]

Get in this one.

[coinstarz]

Nice done. If you can translate the website to English or paste it to the box, it could be better.

[Sicilian_Defence]

New SEC filing for PLLK, http://www.sec.gov/Archives/edgar/data/710846/000116552705000303/g1011.txt

[PieSky]

OT: Will keep NEOM on watch, Wolfin.... thanks and glty...:)

[Wolfin]

mberto...piesky...thanks for the help and info........

OT...........if you are looking at a killer apt.....get into NEOM sooner than later (touted as the next Google).....Cheers

Again thanks ....

[PieSky]

TeamLasVegas... looking forward to your posts. Hopefully, we get off to a flying start this week... :)

[PieSky]

Thanks, Jae. Just put in in the ibox...

[Teamlasvegas]

Great New Board-Good Luck With PLLK.
Not In-Will Lurk & Post DD When I Find It
TIA:
Later, The Team.

[PieSky]

Thanks, be glad to lend a hand, mberto. Will try to do a little posting and update the ibox with some links (already put overview in ibox) whenever I can.

Bill

[WANG]

mberto great job on PLLK board!

I'm riding this one all the way!

[WANG]

I like the way you lay that out! nice bill!

[mberto]

Piesky I added you as an Assistant


is that ok?

[mberto]

Piesky


I tried putting the sketch in the ibox but can't paste it.

[PieSky]

Thanks mberto...:) Usually sketch these things, like RM's, on a piece of paper... thought I'd post one for a change.

I like visuals because they can show newbies (and others) the basics before getting into all the particulars. Be nice if more boards used something standard like this in their iboxes or whatever...

Time for dinner! Catch ya later!

[mberto]

piesky


great post

[PieSky]

Hi wolfin... I'm as new to this as you are, so can't answer all your questions, though mberto has laid out the basics in his posts (thx mberto). I suggest you give all his posts a read first.

Here's a simplified overview that might help. It's only my understanding of the Dalian & PLLK reverse merger, and may be incorrect - so feel free to correct it (I've been hurt before...lol)

[mberto]

Shell Stocks has an ALERT for PLLK



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

[mberto]

Wolfin


the million dollar question is just that,what will the share struture be.Until it is announced I believe this stock is headed straight up and when they announce it.

I think it in the new companies best interest to maintain a reasonable share struture for future trading in this stock.

[Wolfin]

I am from the SEIH board and am interested in finding out about the reverse merger information thats been posted....can anyone shed light on this or expand upon who is reversing with whom, why and what is the share structure to look like after or if its completed.....thank you.....Cheers