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RBDC update: I guess it was true >>> RBID.com, Inc. Acquires Profitable Company
April 13, 2009 12:00 UTC
RBID.com, Inc. (Pink Sheets:RBDC) has acquired GLA International, Inc., a profitable and rapidly-growing distributor of health and nutrition products. GLA is now a 100% wholly-owned subsidiary of RBID.com, Inc. The acquisition was structured in a way that resulted in no dilution of ownership for RBID shareholders. GLA’s existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed. Further details will be released within the next few days.
RBID CEO Alan Rothman commented, “We believe that RBID’s acquisition of GLA International, Inc. is our most important achievement since the company’s inception. This acquisition adds significant value to the company by giving us immediate entry into the highly lucrative health food and direct sales industries with a company that is already profitable and a product line that is both unique and timely. We are committed to providing the management oversight and additional capital that will allow GLA to grow more quickly and escalate its impact in the marketplace.”
For more information about RBID.com, Inc. visit www.rbid.com.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of RBID.com, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
RBID.com, Inc.
Alan Rothman
949-851-4733
Copyright Business Wire 2009
RBDC .0002 rumor! Have gotten several PM's stating merger/acquisition NEWS is coming next week. No idea myself this came on vol scan yesterday for me.
.17 & .18 pre-market
RE:CEM .16 found on yahoo message board.
The "unofficial word" is that the deal was finalized on Monday of this week. CEM has been sold. I personally don't yet know to whom for certain but it has been "unofficially" confirmed from the inside that it's done and it was one of the big players. Announcement soon. And this is not an attempt to pump it up. I don't care what happens to it. I no longer have a stake in the corporation.
it ran a few weeks ago looking well
HESG theres a rumor going around that they may form a gold and silver mining subsidairy
well i think its safe to say that IF they have to go into BK its toast. i hope NOT though for peeps who bought in.
BBI NEWS March 3, 2009, 4:21 pm
Blockbuster Says It Has No Plans To File For Bankruptcy
Posted by Eric Savitz
Blockbuster (BBI) this afternoon confirmed in an interview with Tech Trader Daily that the company has hired Kirkland and Ellis “for assistance with our ongoing financing and capital raising initiatives,” but added that “we do not intend to file for bankruptcy.”
Blockbuster spokeswoman Karen Raskopf said the company will provide an update on its refinancing efforts on its March 19 earnings call.
She noted that the company said on its third-quarter earnings call that the company has a $28 million term loan and a revolving credit line that come due in August 28. The company’s most recent balance sheet shows a total $209 million of long-term debt classified as short term.
Trading in Blockbuster shares is currently halted. Before the halt, the stock was down 75 cents, or 78.2%, after Bloomberg reported that the company had hired Kirkland and Ellis and was considering a pre-packaged bankruptcy.
BBI is toast. This market is too brutal right now for it to see the light of day again imho!
yep the end of a era...Movie Gallery next
BBI - i see no hope for this one since financing is so difficult right now... imho
Blockbuster Said to Hire Kirkland & Ellis for Bankruptcy Advice 4 minutes ago
Blockbuster Said to Hire Kirkland & Ellis for Bankruptcy Advice
Email | Print | A A A
By Tiffany Kary
March 3 (Bloomberg) -- Blockbuster Inc., the world’s largest movie-rental chain, hired legal counsel to explore a possible bankruptcy filing, a person familiar with the situation said.
Kirkland & Ellis LLP was asked to evaluate restructuring options for the company, which may include a “pre-packaged” or “pre-arranged bankruptcy,” in which much of the restructuring work is completed out of court, the person said. A pre-packaged filing is more advanced than a pre-arranged bankruptcy as it includes agreements from creditors about the outcome of the company’s reorganization.
Dallas-based Blockbuster, with more than 7,500 stores in North America, Europe, Asia and Australia, has been struggling to compete with Netflix Inc., the largest U.S. mail-order movie service. Blockbuster has expanded its digital library of movies and made them available on mobile phones and Web-connected TVs. It plans to offer 90,000 DVD titles by mail, according to the company’s Web site. Blockbuster spokeswoman Karen Raskopf declined to immediately comment.
On Jan. 14, the company announced a partnership with Novato- California-based Sonic Solutions Inc., a digital video publishing company, to combine libraries and give customers immediate access to movies. It also recently released a media player the size of a cable box that downloads movies for viewing on television.
To contact the reporter on this story: Tiffany Kary in New York Bankruptcy Court at tkary@bloomberg.net.
IGTP .014 today...rumor true??? wow
IGTP now .0044 + 144% Up from .0009 the other day! looks like the rumor is true!
~IGTP rumored New CEO buying entire Float of 80 million! He wants the PPS to be much much higher.
Liking that merger rumor on MOVT Ru..I am all for that..loaded up and ready for this pup to move on up..
yeppers this will rock just a tad more accumulation
with only 300 mil A/S !
added more today
hmmm i like the sound of that
RTGV:The sleeper merger play,is in my opinion is about to wake up!!here is the next conference call info:starting to get interesing:
Subject: RTGV CC
Date: Wednesday, February 18, 2009
Start Time: 09:00 PM Eastern Std Time
End Time: 11:25 PM Eastern Std Time
Dial-in Number: 1-270-696-1555 (East Coast)
Access Code: 593384
MOVT .0005 huge volume! Merger????
SWEET close on MODC, Great call by you RUL. Congrats.
MODC closed @ .001 +233%
Thanks buddy. Checking MODC
MODC .0006 over 29 million in revenue, financials to be released 2/15, they said they had a bunch of China deals to announce as well.
NPNTQ .0016 x.0017
Not i Rumor , but i fact ,,this new site= up from last week !!
could be intresting !!!!!!to keep it on radar !!!!!!!
http://www.business.com/directory/telecommunications/northpoint_communications_group,_inc/profile/
kick SSGI out the box ,and we are @.01 in i heartbeat !!!
still in SIAF with freebies
SIAF, no rumor here..
Company finishing up 3 year audit according to CEO. Madsen and Associates is the PCAOB firm handling it. They intend to file a form 10K/S-1 to up list. Was trading over $.60 back in December. According to unaudited numbers, .09 EPS and book over $1 per share. They are making money so there has been no reason to promote the company.. they want to change that according to CEO.
Contact the CEO.. he is very nice to speak with.
Posted by: RULiquid Date: Friday, February 06, 2009 1:24:03 PM
In reply to: None Post # of 56231 [Send a link via email]
ARTA next SIAF
TY RUL, Got it on watch buddy.
ABDS .011 cash & merger soon? The proceeds from the Award will significantly bolster the Company's cash position. Accordingly, Allegro will continue to seek to maximize shareholder value through actively seeking and evaluating potential strategic transactions. Allegro is currently in discussions with several parties regarding possible transactions.
ARTA .015 Actually a fact here! 3.4 Mil Float of which NITE owns 89%! http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6066254
Traders have bought around 3 million shares LONG. So we could see some real nice cover action here soon!
IBXG had a R/M rumor back in Sept. Kinda died out. According to the IBOX,
IBX Group, Inc Share Structure
As of 08-26-2008:
Authorized Shares: 500,000,000
Outstanding Shares: 190,481,145
Float: 55,057,000
.0006 currently.
This posted on the board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31545149
Is the rumor that BKMP will rise from the dead, true? Any basis in your opinion?
Diamonds PRs and such. This was activated after a looooong time. Insider buying put it to .20 last year.
PURO,I think the quiet period here is soon to be over,has been some huge buying at the ask and even a decent amount above it..People want in,It looks like,and our willing to pay prime prices to do it..Have been hearing lot's of rumblings about the BC Vancouver deals being completed..
What are the rumors your hearing? News?
DLMI hot rumor stock. This is going to be the poop soon. Doesnt get much better than this type.
PGYC is rumored to have better news before the bell next week .... they were right about noon today ...this looks like a 10 baggger+
EGT .14! Ok just in through good source >>>
Rumored Major order from a large casino worth more than they had in revs all last year!!
Volume did jump today hmmmmmmm
ARTA .018 no FLOAT left ALL being held see board >>>
http://investorshub.advfn.com/boards/board.aspx?board_id=14800
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