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Thanks, and good luck with the board, mberto. Also think pllk could be a BIG mover this week - who knows where this might go... gltah!
btw - Found this interesting post over on the shellstockreview forum.
Hey, maybe we're in the wrong business! Seems Mr. Little's got a better gig going - playing the 'ol flip-the-shell game. Helped himself to a tidy $430,000 over the past year-1/2 by just signing a few papers. Not a bad day's pay...LOL
http://www.shellstockreview.com/forums/showthread.php?t=113
#1 02-04-2004, 09:40 PM
Editor
Guest Posts: n/a
What is the curent price for a Shell?
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I've heard that the going price for a Shell Stock ranges from $300k - $500k. If you know of any Shell Stocks sold, please post the Shell, price ... along with some backup that proves it (SEC filings, Press Release, etc.)
#2 04-02-2004, 12:34 PM
Editor
Guest Posts: n/a
PLLK (non-reporting pinksheet) went for $120,000
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This pinksheet company quit reporting several years ago. The new owner purchased 50.9% for $120,000.
On February 18, 2004, the Registrant sold 20,000,000 shares of restricted common stock at $.006 per share for gross proceeds of $120,000, pursuant to a subscription agreement, to Glenn A. Little. As a result of the purchase, Glenn Little is the controlling shareholder, owning 20,000,000 shares of the 39,243,659 issued and outstanding shares of the registrant's common stock, or 50.9%, of the common stock of the Registrant. Immediately subsequent to and as a result of the closing of the subscription agreement Glenn A. Little was appointed to the Board of Directors and all other directors and officers resigned. Mr. Little was elected as Chief Executive Officer, President Chief Operating Officer, Chairman of the Board, Secretary and Treasurer of the Registrant.
SEC 8K filing
No seih
handled the merger.
Mberto....
Question, is PLLK and SEIH the same company? Im trying to make sense of all this.
TIA
Smiley750
I'm expecting the 8k to be filed Monday.
There are only a little over 39 million shares total with 20 million held by the new company.In previous year filings there has never been any dilution at all,the shares have stayed the same for years even though the company is authorized up to 100 million.
However this is a shell company that is merging with a new company that has an estimated 2005 revenue of 50 million so the new company will make changes to the share structure,hopefully when this happens we fair ok.The products are in high demand in the US with internet and cable so I see this as a great time to get in.
Mbero...
Can I get some quick info on this company please?
I might jumpin Monday!!
TIA
Filing Monday
I was told by the company there should be a filing Monday and others next week on the merger.
Thanks Simplegreen
lets hope this stock roars next week as I think it will.
mberto ..Best of luck to you on this board and hope you get this thing cranked up to a successful effort...Just thought I would stop in and say howdy and Good Luck..Simple
Dalian Fushi signed agreement with S3 Investment Subsidiary
2005-4-8 8:00:24
TEMECULA, Calif.--April 7, 2005--S3 Investment Company (OTCBB:SEIH) today announced that its portfolio investment company, Redwood Capital, Inc., has entered into an initial agreement with its first investment banking client, DALIAN FUSHI Bimetallic Products, Ltd., China's market leader in the manufacture of copper wire and cable.
DALIAN FUSHI is a private company located in Liaoning province that generated almost $16 million (USD) in 2004 revenues and, with increased capacity, projects over $50 million for 2005.
The initial agreement calls for Redwood to manage a reverse merger of DALIAN FUSHI into a public U.S. company and obtain funding in U.S. capital markets through an initial Private Investment in Public Equity (PIPE) followed by a listing on a U.S. national market and a subsequent secondary registered offering.
DALIAN FUSHI is the market leader in China, with over 50% of the domestic supply of wire and cable widely used in network signal transmission, cable TV and distribution lines. This includes Local Area Networks (LANs) and access networks, telephone cable lines, patch cord for electric components, power supply systems, sliders and electrified railroads.
The company's products are based on its proprietary "Copper-clad Steel and Copper-clad Aluminum" composite conductor technology. In addition to the Chinese domestic market, DALIAN FUSHI is targeting international expansion. The company's international customers already include: Andrew Telecommunications (China) Co., Alcatel International Finnish NK Cables, Commscope, Hongxin, Largetech, Youzhan Enterprise and The Yongming Group.
"DALIAN FUSHI is an excellent client for Redwood Capital with a strong organization and solid financials that has a need to increase its present production capacity to meet a market demand greater than its current capacity. With greater capital resources, DALIAN FUSHI can add focus to the international markets and more aggressively leverage the price advantages over the current market leaders to gain market share globally. The company's 3-4 year goal is to be the worldwide market leader in supply of copper covered wire products," commented Chris Bickel, Chief Executive Officer of S3 Investment Company.
"DALIAN FUSHI meets the gold standard qualifications that Redwood has identified for its ideal client and is expected to be an attractive funding candidate for the U.S. investment community. When working on behalf of our clients, Redwood generates revenue from multiple sources, including transaction fees and a calculated fee structure for capital raises," added Mr. Bickel.
About The Company
S3 Investment Company Inc. (http://www.s3investments.com) is a Business Development Company regulated by the Investment Company Act of 1940. Its first operating subsidiary, Securesoft Systems Inc. (http://www.securesoftsystems.com), was acquired in April 2003.
S3 Investments has subsequently acquired 100% of Redwood Capital to participate in the fast-growing investment banking market in China and 51% of SINO UJE, a non-stocking distributor of medical and industrial high-tech products to markets throughout China. S3 is currently seeking to acquire additional synergistic companies and is focused on assembling a portfolio of investments that will provide value to its shareholders.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
(Editor:Farah Song) (From:BUSINESS WIRE)
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Copper hits record high, shrugs off China news
Fri Nov 11, 2005 8:45 AM ET
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By Martin Hayes
LONDON (Reuters) - Global copper prices sped to record highs above $4,000 a ton on Friday after Chile, the world's leading producer of the metal, pared output forecasts.
News of Chile's downgrade on Thursday overshadowed moves by China's State Reserves Bureau (SRB) to sell some of its holdings to drive down the soaring price of the metal, which is widely used in construction and electrical applications.
Chile's government copper commission, Cochilco, saw Chile's production this year falling to 5.372 million tonnes from a previous forecast of 5.504 million.
By 1300 GMT benchmark three months delivery copper on the London Metal Exchange had settled at $4,067 a ton, well up from $4,008 last on Thursday.
Cash metal, which is boosted by a sky-high premium, hit $4,271, the highest price ever paid for copper.
"This is despite Chinese comments over the selling of significant futures positions into the market with the proposed intention to deliver material into these short positions," analyst John Meyer of Numis Securities said.
China's SRB holds more than 1.3 million tonnes of copper and will consider increasing and speeding up sales if the price continues to soar, a senior bureau official, who asked not to be named, told Reuters.
"Traders do not believe (these) reports from China's SRB... China does not normally reveal its State Reserve Bureau figures and the market believes that the SRB is trying desperately to talk the market down," Meyer said.
CHINESE PUZZLE
The SRB official, however, said the bureau had to keep at least one million tonnes of copper as basic stocks. "We can sell any copper in excess of that amount," he said.
A fund source said: "This is an attempt to put a cap on the price, but it is not working. What you should do is sell the copper first, then tell the market what you have done -- not the other way round."
Copper inventories in the warehouses of the Shanghai Futures Exchange jumped another 8,594 tonnes to 73,434 tonnes in the week ended Thursday. That followed a rise in stocks of 31,975 tonnes in the previous two weeks.
"There is a speculation that the SRB wants to push the market down and buy back to cover its short positions when the price actually plunges...that's the reason why prices aren't falling," said a trader at a Japanese trading house.
OTHER METALS, MINING EQUITIES STRONG
Analyst William Adams of BaseMetals.com said that as zinc was also strong, hitting eight-year highs at $1,611, the metals market appeared to be entering another bullish phase.
"Although it is hard to justify this strength, until something changes the mind-set of the investment community, prices may well push higher -- but as they do, expect increased volatility," he said.
The fund source said metals such as aluminum, around 10-year highs at $2,037, and zinc were more attractive for funds as they were considerably cheaper.
"Funds are not aggressively buying copper -- they are just topping up long positions," he added.
Shares in mining equities also gained -- with Rio Tinto (RIO.L: Quote, Profile, Research) up 25 pence at 2,297p, Antofagasta (ANTO.L: Quote, Profile, Research) rising 19p to 1,537p and BHP-Billiton (BLT.L: Quote, Profile, Research) eight pence up at 833p.
(Additional reporting by Polly Yam in Hong Kong, Chikafumi Hodo in Tokyo and Jae Hur in Singapore)
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