QOBJ SEC Suspension:
Us DD Hounds smell FRESH MEAT!!....et z
perhaps a PR will follow the filing, with more info if in fact they have already identified a merger candidate, otherwise to put the word out that they are looking for candidates
I still show it at 80x90......et z
speculation is exactly correct. that's all a shell is. until you know what is going to roll in, and the terms.
and with current price, and current shares OS (39m)
the market cap at this moment at .008 is $318k
You can speculate all you want to on what they are going to do with the shares, but the point is ... there will be 123mil o/s after conversion. So, 123mil x .01 (current price) = $1.23mil market cap.
might that be used for merger/acquistion shares? would seem to make sense.
otherwise dilution without any deal pending would get them nowhere fast. isn't it true that on the pinksheets now, you have to be a reporting company to issue any unrestricted shares? so wouldn't those shares have to be restricted?
123mil o/s after converting note & warrant
As of the date of this registration statement, there are 39,854,012 shares of the Company’s common stock, par value $0.003 per share, issued and outstanding.
On June 28, 2007 the company issued a convertible note with a face amount of $100,000 and related warrants. Upon the conversion of the note into 33,333,333 shares of common stock or the exercise of the warrants into 50,000,000 shares of common stock, the per share trading value of the Company’s common stock may increase or decrease, perhaps significantly.
Number of Shares of Common Stock Beneficially Owned
Dalewood Associates LP 86,107,391 69.9%
Includes 50,000,000 shares of Common Stock underlying a warrant exercisable within 60 days and 33,333,333 shares of Common Stock underlying a convertible note exercisable within 60 days.
Company contact info:
iQO Solutions USA Inc.
366 North Broadway - suite 307
Jericho NY 11753 – USA
Tel: +1 516 513 0160
Fax: +1 516 513 0163
click here for directions
For general inquiries, please complete our contact form.
Key E-mail Addresses
did some diggin, looks very promising here folks ground level opportunity today
About CrossZ Solutions
We help customers in realizing the full benefits of their investments in data and information management systems
CrossZ Solutions is a trusted provider of software technology for developing high performing, cost-effective and successful solutions enabling large scale production and delivery of analytical information.
CrossZ Solutions was founded in 1998 with a clear mission: bring the Information Democracy in the world of “Data Jailhouses” with a groundbreaking technology designed to be seamlessly integrated within customer environment, while providing a real breakthrough of the overall Business Intelligence process.
Thanks to its QueryObject technology, more than 25 leading organizations worldwide have developed effective analytical solutions leveraging their relationships with customers and partners, increasing their operational performances and streamlining their datawarehouse infrastructure.
QueryObject product line (available in the Personal, Workgroup and Enterprise editions) is distributed worldwide through partnerships with system integrators, resellers and OEMs.
CrossZ Solutions is headquartered in Naples, Italy, with subsidiaries in Melville, New York, and Berks, UK. In Italy and U.S. are also located its R&D operations.
QueryObject technology was formerly produced by the U.S. based company QueryObject Systems Corp. (NASDQ: QOBJ).
QueryObject Systems Corp. has been operating since March 1998 as a technology development company specialized in Analytical Customer Relationship Management (CRM) tools. QueryObject Systems Corp. was established through the acquisition of CrossZ Software Inc., a Data Mining firm awarded in 1997 by DM Review as the most innovative Company in Business Intelligence Market. After QueryObject Systems Corp. establishment, CrossZ Solutions was funded in Italy as the primary reseller of the QueryObject System technology.
CrossZ Solutions acquired QueryObject Systems Corp in Q1 2002, leveraging the $54 Million already invested in R&D to date. The company subsequently implemented a program of accelerated product development through both the original US research teams and the newly established R&D facilities in Europe culminating in the release of the fastest most compact data structures available today.
CrossZ has recently released the version 3.30 of the QueryObject System, and the Personal and Workgroup Editions of the QueryObject Information Compiler, two completely new products addressing the information needs of the single users, group of users or small organizations, willing to run powerful analysis on their personal computers.
CrossZ product development plan include also an ASP edition of its technology, that will further empower the QueryObject information delivery capabilities through a Web Services based architecture.
FROM FILING - MERGER Management believes that various types of potential merger or acquisition candidates might find a Business Combination with the Company to be attractive. These include acquisition candidates desiring to eventually create a more liquid market for their shares, acquisition candidates which have long-term plans for raising capital through public sale of securities and believe that the possible prior existence of a public market for their securities would be beneficial, and acquisition candidates which plan to acquire additional assets through issuance of securities rather than for cash, and believe that the possibility of development of a public market for their securities will be of assistance in that process. Acquisition candidates who have a need for an immediate cash infusion are not likely to find a potential Business Combination with the Company to be an attractive alternative. Nevertheless, the Company has not conducted market research and is not aware of statistical data which would support the perceived benefits of a merger or acquisition transaction for the owners of an acquisition candidate.