Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
VOXQ Voxel Common Stock 7/25/2008 100 Added to OTCBB (VOXQ)**
SLPT: O/S under 5 mil. Micheal Anthony shell.
PNGX $2.50 +.50 only 1500 traded so far. Lets see some more news.Giddy up!
FRTL updated in pinksheet.com
Number of Employees 15 as of Jun 12, 2008
ICTY - EyeCity.com, Inc. Changes Ownership and Moves Into a New Direction
.002 x .004
DALLAS, June 13 /PRNewswire-FirstCall/ -- (Pink Sheets: ICTY) As of June 11, 2008 EyeCity.com, Inc. has undergone a change in ownership that is going to completely revamp the company and move the corporation into a new and exciting direction. Currently a very tight and secure team of corporate individuals are in preparation for the disclosure of the new entity. Certain criteria must be addressed prior to the release of any and all specifics of the new company. These items include: Completion of major reorganization, marketing materials, information/public relation departments and web page development. All of the issue are in progress and should be complete within the next week with no delays.
The former company, EyeCity.com, Inc. is asking for the public to be patient and keep the questions, comments and phone calls to a minimum while the transition is in full motion. Both corporate teams are very excited with regards to the newly formed entity and feel that the new direction the company is taking will explode into a promising new business that will make an astonishing presence around the world.
Contact:
Anthony M. Baker
(949)235-2495
SOURCE EyeCity.com, Inc.
Contact Information:
Anthony M. Baker of EyeCity.com, Inc., +1-949-235-2495
*** end of story ***
http://biz.yahoo.com/prnews/080613/nef035.html?.v=55
PNGX $4.00 $4.70 hod. Slow and steady.
STBP is one to keep an eye on.
34,722,000 Float
Major investor ready to jump in, link to info:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29926706
Recent court motion filing to bring well known financial group in to assist with the review of the final documants:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29928121
Lifegear pointed out the Golden Cross coming also!
PM me if you have any questions!
PNGX $2.75 News:PNG Ventures Signs Binding Letter of Intent to Acquire LNG Plant and Operations from Earth Biofuels Subsidiary
Tuesday June 10, 7:00 am ET
Agreement to Close by June 30, 2008
DALLAS--(BUSINESS WIRE)--PNG Ventures, Inc. (OTCBB:PNGX - News) announced the execution of a binding letter of intent with Earth Biofuels, Inc. (OTCBB:EBOF - News) whereby PNG Ventures has agreed to purchase a 100% ownership interest in Earth Biofuels’ wholly-owned subsidiary, Earth LNG, Inc. (“Earth LNG”).
ADVERTISEMENT
Pursuant to the terms of a binding letter of intent, PNG Ventures is to acquire 100% ownership of Earth LNG and all of its subsidiaries, including Applied LNG Technologies, LLC (“ALT”) and its production facility located in Topock, Arizona. PNG Ventures and Earth Biofuels have agreed to use best efforts to close the transaction on or before June 30, 2008, and have agreed to a break up fee to be paid to PNG Ventures in the event the transaction does not close. The final closing shall be subject to the approval of: (i) Earth Biofuels’ shareholders, senior secured lenders and its Series A Preferred Stock shareholders; and (ii) PNG Venture’s shareholders. The complete terms of the binding letter of intent have been filed as an Exhibit to the current report on Form 8-K filed with the United States Securities and Exchange Commission on June 5, 2008.
Kevin Markey, interim CEO of PNG Ventures stated, “The execution of the binding letter of intent with Earth Biofuels is PNG Venture’s first step towards building a platform to deliver affordable clean energy solutions to the western part of the United States and beyond. Although we have just begun the process of closing this transaction, we are confident that we have the right partners in place who are committed to building shareholder value and managing this dynamic and growing business. Earth LNG and ALT’s customers will continue to receive the superlative service to which they are accustomed and upon which they rely.”
Mr. Markey added, “LNG is a clean technology fuel that is derived from natural gas, a feedstock that is abundant in our country. Unlike ethanol, LNG is a high-BTU per gallon fuel that is not dependent on a food-based feedstock. Today, high gas prices are being met by equally high food prices due in part to our energy policy which provides incentives for corn-based ethanol production. Increasing LNG use is a common sense approach for Americans to keep their energy dollars in the US, use a fuel that does substantially less damage to our environment, and buy an alternative fuel that does not compete with and in turn affect the price of food products consumed by Americans.”
Presently, PNG Ventures, Inc. has approximately 418,309 common shares issued and outstanding and no preferred shares issued.
About Earth LNG
ALT’s Topock, Arizona plant is one of only five vehicle-quality LNG production facilities in the US.
The feedstock for LNG is natural gas, a natural resource that is abundant in North America.
As a fuel, LNG produces less greenhouse gases, particulates, oxides of nitrogen and toxins than ethanol, gasoline and diesel.
LNG is about 61% less expensive than gasoline and diesel fuels on a BTU basis.
ALT sells its product to some of the largest industrial fleets and municipalities on the west coast.
Forward-Looking Statements Disclosure
This press release may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” “will,” and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the “safe harbor” provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company’s anticipated results, projections, or other expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
Contact:
PNG Ventures, Inc.
Kevin Markey, 214-634-6246
kmarkey@apolloresources.com
--------------------------------------------------------------------------------
Source: PNG Ventures, Inc.
DVOP new Press Release: Wednesday, June 4, 2008
Market Update
QRSciences (ASX:QRS) (QRSNY:PK) provides the following update in relation to various matters affecting the Company.
Acquisition of controlling interest in Diversified Opportunities Incorporated (DVOP.OB)
QRS has completed the transaction it announced to the market on May 19, 2008 to purchase 9,000,000 shares or approximately 98% of the outstanding shares of Diversified Opportunities Incorporated (Diversified) for $676,000.
Diversified trades on the over-the-counter bulletin board through the NASDAQ quotation system with the trading symbol (DVOP.OB).
QRS is now in the process of finalising a proposed restructure involving Diversified and the existing QRS technology assets which will involve Diversified and QRSciences entering into a share exchange that will interpose Diversified between QRSciences Holdings and QRSciences Pty Ltd leaving Diversified as a subsidiary of QRSciences Holdings Limited and the parent of QRSciences Pty Ltd.
The Board of Directors of QRSciences have long held a view that its technology assets have been undervalued by the Australian market and are hopeful that this exercise will provide those assets a wider investor audience which will encompass the United States and Europe.
Spectrum convertible note
QRSciences has extended the Convertible Note which it recently issued to Spectrum by an additional U$200,000. The note now totals $600,000 and on full conversion would take QRSciences ownership position in Spectrum to 32.08%. In addition, the Company is in mature negotiations with Spectrum to significantly increase its equity stake and will report back to the market as developments arise. QRSciences hold an option to buy all of the outstanding stock in Spectrum through September 2009.
BTG International
The Company has renegotiated its Option Purchase Agreement with BTG International reducing the acquisition cost by approximately $7.28M. The adjustment will be reflected in the Company’s year end accounts.
Debt Facilities
The Company has put in place additional debt finance with its principal banker NAB and a private investor based in Europe to assist with funding the restructure and the Company’s ongoing investment activities.
The private investor has purchased a two-year Convertible Debenture in QRS for $500,000. The debenture bears a coupon of 10% and is convertible at 25 cents per share with a feature that allows limited amounts to be converted into equity at a 15% discount to the QRS current market price.
The private investor has also provided a two-year Secured Convertible Note in the amount of $800,000 with an interest rate of 10%. The Note will be retired by monthly instalment payments or at the election of the investor can be forgiven in exchange for conversion into equity at 25 cents per share or in limited amounts converted at a 15% discount to the QRS then current market price.
Through these relationships the Company will have access to additional finance of approximately $3M.
About QRSciences
QRSciences Holdings Limited is based in Melbourne , Victoria with offices in Perth , Western Australia and San Diego , California . Its wholly owned distribution business Q Video Systems is based in Port Melbourne, Australia. The primary commercial focus of the company is the design, development and sale of advanced technology systems, sub-systems, components and software for security related applications. Applications for its technologies and products include the detection of explosives and narcotics, metal detection and imaging, surveillance and monitoring.
For more information on the Company please visit www.QRSciences.com or www.qcctv.com.au , phone +61 3 9681 9884 in Australia or +1 (858) 613 8755 in the United States .
PNGX $1.25 +.50 Reverse Merger news.
Item 1.01 Entry into a Material Definitive Agreement
Earth LNG, Inc. Binding Letter of Intent
On May 22, 2008, PNG Ventures, Inc., a Nevada corporation (the “Company”) finalized the terms of a binding Letter of Intent (the “LOI”). The terms of the LOI provide for the Company to purchase 100% of the ownership interest in Earth LNG, Inc., a Texas corporation (“Earth LNG”), a wholly owned subsidiary of Earth Biofuels, Inc., a Delaware corporation (“EBOF”).
Through the transaction, the Company will acquire 100% ownership of Earth LNG and all of its subsidiaries, including its LNG production facility located in Topock, Arizona. EBOF and the Company have agreed to use best efforts to complete more definitive transaction documents and close the transaction on or before June 30, 2008, and have agreed to a break up fee to be paid to the Company in the event the proposed transaction is not closed on or before such date. In addition, the Company has agreed to assume certain outstanding debts due to shareholders of EBOF’s Series A Preferred Stock. The final sale of Earth LNG shall be subject to the approval of: (i) EBOF’s shareholders, senior secured lenders and holders of shares of EBOF’s Series A Preferred Stock; and (ii) the Company’s shareholders.
Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On May 22, 2008, Mr. Mark L. Baum resigned from his position as a Chief Executive Officer, Chief Financial Officer, Secretary and Director of the Corporation. Mr. Baum’s resignation was not because of any disagreements with the Corporation on matters relating to its operations, policies and practices.
On May 22, 2008, our board of directors appointed Mr. Luis J. Leung to the position of Director of the Corporation.
On May 22, 2008, our board of directors appointed Mr. Kevin Markey to the position of Chief Executive Officer of the Corporation. In connection with such appointment, the Company entered into an Employment Agreement with Mr. Markey, a copy of which has been filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Section 9 – Financial Statements and Exhibits
QBYT - On June 2, 2008, KI Equity Partners V, LLC, a Delaware limited liability company (“KI Equity”), and Mr. Kevin R. Keating (“Keating”) entered into a Stock Purchase Agreement (the “KI/Keating Agreement”) with Mr. Glenn L. Halpryn #msg-29732919, as agent for certain investors in the Company (the “Investors”), pursuant to which KI Equity and Keating will sell to the Investors, and the Investors will purchase from KI Equity and Keating, an aggregate of 69,100,000 shares of Common Stock (the “KI/Keating Shares”), which KI/Keating Shares represent approximately 87% of the issued and outstanding shares of Common Stock. The aggregate purchase price for the KI/Keating Shares is $926,273.46, or approximately $0.0134 per share.
Also on June 2, 2008, the Investors entered into a Stock Purchase Agreement (the “Garisch Agreement”) with Garisch Financial, Inc., an Illinois corporation (“Garisch”), pursuant to which Garisch will sell to the Investors, and the Investors will purchase from Garisch, 5,500,000 shares of Common Stock (the “Garisch Shares”), which Garisch Shares represent approximately 6.9% of the issued and outstanding shares of Common Stock. The aggregate purchase price for the Garisch Shares is $73,726.54, or approximately $0.0134 per share. The Garisch Shares and the KI/Keating Shares are referred to as the “Shares.”
It is anticipated that the closing of the purchase of the Shares (the “Closing”) will occur approximately ten days after the later of the date of the filing of this Information Statement with the Securities and Exchange Commission (the “SEC”) or the date of mailing of this Information Statement to the Company’s shareholders. Pursuant to the terms of the KI/Keating Agreement, at the Closing, (i) the existing directors of the Company will increase the size of the Board to five directors, (ii) the existing directors and officers of the Company will resign effective upon the Closing, (iii) the existing directors will appoint the designees of the Investors detailed below to serve as the directors of the Company, and (iv) the existing directors will appoint Mr. Glenn L. Halpryn to serve as the President and Chief Executive Officer of the Company. As a result of these transactions, control of the Company will pass to the Investors (the “Change of Control”). After the Closing, the Investors will own approximately 94% of the issued and outstanding Common Stock.
As of May 14, 2008, the Company had 79,302,460 shares of Common Stock issued and outstanding and no shares of preferred stock, par value $0.0001 per share, issued and outstanding. Each share of Common Stock is entitled to one vote. Shareholders of QuikByte will have the opportunity to vote with respect to the election of directors at the next annual meeting of QuikByte shareholders.
. . .& very nicly i might add : )
DVOP being filled
This clean Michael Anthony shell is being filled!
GMFX market cap $40k... fully reporting OTC....somebody might buy it except for the debt...
AVWI reverse merger...500 employees
Jim Palmer Trucking operates in 44 states and maintains a fleet of 350 trucks and 500 trailers.
http://biz.yahoo.com/iw/080512/0395951.html
I agree. With these guys, I imagine something big has to be brewing in the works.
Found this posted on yahoo........
Shell update. Almost a perfect shell. 4th quarter loss less than 400K so bleeding has essentially stopped. No litigation and only contingency is lease. 50M in tax loss carries. $3 a share in cash and $2.50 book value. Owed by several big boys including Icahn. Something to consider for Roth.
So far I have gotten the cuspid # 05548G 10 2
Searching my computer for the site I signed up for that you needed the cuspid # for. LOL I think it was for the short interest so I'm not going to waste much time on that.
Feb. 1rst 2008 7,976,216 Common Stock Issued and Outstanding.
I have read a bunch of double lawyer speak. Have a headache. : )
Cool that there are some well known names in this.
Got a small position today. I'll start adding here and there. The one filing I read said that they do not have at this time any immediate plans for anything. I have time.
The Fund is currently investigating discussing with management of the Issuer
the possibility of reducing the size of the Board of Directors of the Issuer and
decreasing the compensation paid to the current management of the Issuer in an
effort to conserve the assets of the Issuer. The Fund will seek to have Steven
N. Bronson appointed to the Board of Directors of the Issuer in an effort to
achieve the plan set forth in the preceding sentence. The Fund seeks to obtain
the consent of the Board of Directors of the Issuer with respect to its plan and
has no present intention on taking any action without the consent of the Board
of Directors of the Issuer. In the event that the Fund's intentions change, the
Fund will, among other things, timely file an appropriate amendment to this
Schedule 13D.
Cool! Carl Icahn is the name of a billionaire financier, who bought TWA back in the day (I could be wrong). If these names, Icahn Olshan, are definitely the people who I think they are, WOW.
HMMMM. Guess I can check those out too and see how they are doing. Thanks for the leads.
Be nice if it was me thinks.
Catalyst Group has bought in big also.
Going to try to dig up debts share structure, etc after dinner.
Thank you. : )
You are welcome and NO r/s per the last few PR's are great too know too!
Thanks RJ. em
I just hope it is someone that we have all heard of! If that is the case, we are set, and IN the money for sure.
Now it is 19.8b
17.5b float
2.3b in restricted
RJ, any current SS info on it? Last I see it was around 17B.
everything depends on the RM partner
I like the sounds of that. After today's announcement and then more expected on Friday. This could run big into next week. Maybe more surprises along the way?
it will step up. as I wrote before, I expect PPS to go over .0020
Thoughts on PYCT here? Great the MM appear to have limited number of shares. Hoping demand steps up when the PR is announced.
I saw one of the names you listed was Olshan. I wonder if it is this Marvin L. Olshan.
http://www.olshanlaw.com/profiles/olshan.php
Steven N. Bronson also owns shells RDGA,FNSI..
BKFG. A tad pricey, but with insider buying.
Catalyst Fund, L.P. (Steven N. Bronson) is accumulating BKFG. He now owns 12.9% of the outstanding per a recent SC13D SEC Filing.
Other BKFG owners:
Carl C. Icahn 1,194,100 15.0%
Web Financial Corp 646,333 8.1%
Aegis Financial Corp. 442,750 5.6%
Royce Associates, LLC 651,850 8.2%
Wynnefield Capital 653,300 8.2%
Catalyst Fund 829,000 10.4%
Harvey J. Bazaar 656
Ronald LaBow 1,256
Marvin L. Olshan 656
Kurt N. Schacht 1,256
J. Clarke Gray 7,887
Just starting DD.
CTCJ HILLXHILL 5.00x1 ask next 10.01.360k OS 11k float.If this RMs soon could be the next biggie imo...im betting on a HUGE FS and move considering who is behind this one.Prolly the largest $ RM/merger/etc player ive seen..dealing with big board issues.Please be next CCTC type run 100 shares pre FS would have netted over 50gs for those in before the madness took place there.Id love for this to be the next!!DF
Mostly because of sharestructure/transparancy~
Hey Thumbs - any more info on those shells? They all look like they have been sleeping for a while, so curious why you like them so much.
cheers
Guess it wasn't whacked at all, SIVC news. They did it again landed another big deal.
Tracking the deals http://investorshub.advfn.com/boards/read_msg.asp?message_id=28457150
SIVC's newest merger client has 10-50 million in revenue, 500-1000 employees. We have another monster deal in the pipeline for SIVC.
http://yiteng.en.ec21.com/
We,Shandong Yiteng chemicals co.ltd,the manufacturer of HPMC (hydroxypropyl cellulose) and PAC (polyanionic cellulose) .Our factory lies at the foot of Mount-tai,taian,Sandong province,China. We are one of the largest factory manufacturing HPMC and PAC in China.
[ Selling Categories ]
- Chemicals, Plastics, and Raw Materials >> Organic Chemicals and Petrochemicals
[ keyword ]
PAC AND HPAMC CHEMIACLS, PRODUCTS
icon Registration Date 2006/03/03 (Year/Month/Date)
icon Buyer / Seller in EC21 Seller
icon Business Type Manufacturer
icon Year established 1996
icon Employees total 501 - 1000
icon Annual revenue USD 10,000,001 - 50,000,000
S3 Investment Company Announces Shandong Yiteng Chemical as New Reverse Merger Client for Redwood Capital Subsidiary
Additional Potential Clients Are Considered by Redwood Capital
Apr 16, 2008 12:30:00 PM
DANVILLE, CA -- (MARKET WIRE) -- 04/16/08 -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that Shandong Yiteng Chemical Co., Ltd. has been signed as a new reverse merger client for its Redwood Capital subsidiary, which assists private Chinese companies in accessing the U.S. capital markets through reverse mergers into U.S. public companies.
Shandong Yiteng Chemical Co., Ltd. (http://www.sdytjt.com), based in China's Shandong province, is a leading manufacturer of chemicals in China, including hydroxypropyl cellulose and polyanionic cellulose.
Redwood Capital participated in a recently closed acquisition transaction involving Dalian Chuming, a pork processing company that trades in the U.S. as Energroup Holdings Corporation under the symbol ENHD. As part of the transaction, Energroup Holdings Corporation, a Nevada corporation, acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited ("PSI"), a British Virgin Islands corporation and parent company of PRC-based Dalian Chuming.
Redwood Capital was issued 428,095 shares of Energroup Holdings Corporation as the equity portion of its payment for provided advisory services for the transaction. Institutional and accredited investors participated in a $17.0 million private placement with Energroup Holdings Corporation, paying $4.40 per share. At the placement price, the value of Redwood Capital's equity position would exceed $1.8 million. At the most recent trading price of Energroup Holdings Corporation's common stock, the value of the equity position would exceed $2.1 million.
"The addition of another quality Chinese private company client further strengthens the position of Redwood Capital and S3 Investment Company in the reverse merger sector," said S3 chairman and chief executive officer Jim Bickel. "Our participation in the successful close of the Chuming transaction significantly increased our profile in China, and we continue to see a consistent flow of potential clients for Redwood Capital to consider."
"Redwood Capital now has three active reverse merger clients in China and is considering several additional candidates. We look forward to future transaction closings and the significant equity value that they bring to the company's balance sheet," he added.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/investors/.
Rainmaker, What????? that's whack....jmho
Tracking SIVC Reverse Merger deal flow and pipeline.
The PR I really want to see come out will give me the name of next reverse merger client they just signed.
From 4/3 PR: Mr. Bickel arrived in China on March 6, 2008 and spent over two weeks traveling in China to attend meetings with management of S3's subsidiary operations and Redwood Capital's reverse merger clients.
As a result of the trip and subsequent meetings, S3 expects to announce a new Redwood Capital client in the next several days.
Here's why I really want to see this PR. Deal flow builing a pipeline to close one deal every quarter.
ENHD deal closed in January 2008(1st quarter)
Changzhou HaiJai Metallurgical(Looking for deal to close in 2nd quarter 2008)
Wuhan International Trade College(Looking for this deal to close in 3rd quarter of 2008)
Perfect timing now to sign another new client from China. This deal should close in fourth quarter of 2008.
This would insure four deals for 2008. Four closed mergers, four stock dividends to us. Tons of assets and cash going on to SIVC balance sheet. Throw in new Kensington Cross client that was just announced hopefully this will be our first quarter of 2009 deal.
Closed deals ENHD and Fushi.
Completed:
Energroup HldgsCorp. (Chuming)( 12/31/2007) has completed its reverse merger and is currently trading in the U.S. public markets under the symbol ENHD. Chuming investor presentation link:
http://www.sec.gov/Archives/edgar/data/766659/000114420408011578/v104808_ex99-1.htm
Fushi Copperweld, Inc., (6/6/2005) has completed its reverse merger and is currently trading in the U.S. public markets under the symbol FSIN. Fushi's home page link:
http://www.fushiinternational.com/AboutUs.aspx?p=Overview
Next deals to close should be
Changzhou HaiJai Metallurgical announced 5/15/2007.
http://www.s3investments.com/upload/SIVC_PR_05_15_07_3rdNewRedwoodClient.pdf
Wuhan International Trade College announced 1/31/2008.
http://www.s3investments.com/upload/SIVC_PR_1_31_08_Wuhan.pdf
SIVC DD Step by Step for SIVC it all comes together one piece at a time.
SIVC closed reverse merger deal ENHD what a monster, just filed their 10k and announced earnings of .67 per share.$$$$ 30 times earnings would put ENHD share price at $20.10. ENHD has 589 employees, 120 million in sales, earned over 11 million dollars.
That 30 times earnings valuation would make SIVC's ENHD shares worth over 10 million dollars...This is only one deal, imagine three deals per year of this quality. Imagine getting a dividend of some shares in three-four of these deals per year every year just because you own SIVC shares. SIVC trading under a penny is just plain wrong.
February 14, 2008 - 10:00 AM EST
S3 Investment Company Announces Redwood Capital Subsidiary's Receipt of Equity Payment From Participation in Dalian Chuming Acquisition Transaction
S3 Investment Company, Inc. (PINKSHEETS: SIVC), today announced that its Redwood Capital subsidiary has received the equity portion of its payment for providing advisory services for the recently closed acquisition transaction involving Dalian Chuming, a pork processing company based in China.
Redwood Capital has been issued 428,095 shares of Energroup Holdings Corporation,(ENHD) a publicly traded Nevada corporation that acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of Dalian Chuming. Energroup Holdings Corporation is traded under the symbol ENHD.
From ENHD filing:
Employees:We currently have approximately 589 employees...
We have acquired the land use certificate for 89 acres of land in Dalian City, which entitles us to use and dispose of the land and the commercial or residential buildings located on the land. Our Food Co. occupies this piece of land.
We have also opened offices in eleven cities outside of Dalian.
Our main facility and principal executive offices are located at No. 9, Xin Yi Street, Ganjingzi District, Dalian City, Liaoning Province, PRC 116039, which also serves as the headquarters for our food subsidiary and sales subsidiary. Our main facility is located on 89 acres in the industrial area of Dalian, where we have developed over 74,000 sq. meters of factory floor.
Sales $124,696,000
Gross Profit $20,317,000
Comprehensive Income $13,716,000
Basic Net Income Per Share (in US$)0.67
Gross Profit. Gross profit was $20,317,127 for the year ended December 31, 2007 as compared to $12,601,586 for the year ended December 31, 2006, representing an increase of $7,761,277, or approximately 61.1%. Management attributes the increase in gross profit to strong increases in sales, driven by strong demand for our products.
Net Income. Our net income for the year ended December 31, 2007 was $11,652,147 as compared to $8,128,369 for the year ended December 31, 2006, an increase of $3,523,778 or 43.9%.
Todays 10k filing
http://www.sec.gov/Archives/edgar/data/766659/000114420408019370/v108910_10k.htm
ENHD qualifies to uplist to Nasdaq as soon as their S1 is declared effective. They have 179 shareholders of record they need 400, as soon as they have more shares in float this should be easy to do. They meet every other requirement. They don't just meet the requirements they are way over most of them. What a monster company SIVC brought public.
Imagine owning SIVC a pink sheet company and getting a dividend of shares in a NASDAQ stock-ENHD. SIVC will make pink sheet history when this happens in a few months imho.
NASDAQ requirements, ENHD qualifications in bold.
1)Each company must have a minimum of 1.1 million publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company.
On December 31, 2007, we had 21,136,391 shares of our common stock issued and outstanding.(6 million shares held by non-affiliates approx.)
2)The minimum bid price of the stock upon listing must be at least $5.
As of March 5, 2008, based on a split-adjusted closing price of $5.00 per share of common stock as reported on the Over-the-Counter Bulletin Board on such date.
3)Companies must also have at least 400 shareholders. A shareholder is defined by Nasdaq as a holder of over 100 shares.
Our common stock is currently quoted on the OTC Bulletin Board under the symbol “ENHD.” As of December 31, 2007, there were approximately 179 shareholders of record of our common stock. The number of registered shareholders excludes any estimate by us of the number of beneficial owners of common shares held in street name
Requirement Rule 4420 (a)
1)The company must have a minimum shareholder equity of $15 million.
Stockholders Equity $48,938,000
2)The operating income from either the last fiscal year, or two of the last three years, must total a minimum of $1 million.
Operating income 2007 Income from Operations $14,071,000
3)The company must have a minimum of three market makers that will provide liquidity to the trading of their stock.
Current ENHD market makers... NITE, HILL, ETRD, ROTH, HDSN, DOMS
4)The market value of the publicly-held shares upon trading must be worth at least $8 million.
the aggregate market value of the voting stock held by non-affiliates of the Registrant was approximately $32.3 million
Chuming/ENHD has a deal with Walmart , eom
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28190134
Next merger to close should be this one, another great company imho.
SIVC does Deals that make sense.
...Changzhou Haijie Metallurgical Machinery Manufacturing Co.'s fabrication, machinery and assembly products are already distributed internationally to a select few significant foreign companies, and with its planned entry into the U.S. capital markets, the company is expected to expand distribution to additional worldwide markets. The company is also expanding internally with additional property and a new 200-ton heavy-duty steel structure workshop due to open later this month.
Deals that big money boys are willing to fund. Funding locked in already for this SIVC merger deal.
S3 Investment Company Announces Redwood Capital Client Agreement: Hunter Wise Financial Group, LLC to Provide Investment Banking Services for Reverse Merger Transaction
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. ("Haijie"), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, has selected Hunter Wise Financial Group, LLC of Irvine, California to act as the exclusive investment banking firm for its reverse merger into the U.S. public markets.
S3 and Redwood Capital recently announced that the 2007 fiscal year revenues (audited) for Haijie exceeded $21.7 million.
Hunter Wise Financial Group, LLC and its wholly owned Broker/Dealer, Hunter Wise Securities, LLC, a FINRA and SIPC member firm, provide investment banking services including institutional finance, financial advisory services, international transactions, and mergers, acquisitions and divestitures. Changzhou Haijie Metallurgical Machinery Manufacturing Co. has engaged Hunter Wise Financial Group to act as its exclusive financial advisor, and Hunter Wise Securities to act as the exclusive placement agent in connection with its pursuit of a U.S. public listing.
"Hunter Wise has proven to be a highly effective investment banking partner for Redwood Capital's reverse merger clients, and we are pleased that they have been retained to handle the investment banking services for Changzhou Haijie Metallurgical Machinery Manufacturing Co.," said S3 Chairman and Chief Executive Officer Jim Bickel.
Redwood Capital, which provides an array of services to private Chinese companies and utilizes its extensive network of investment banking relationships to facilitate the client's listing on a U.S. public market through a reverse merger process, is currently assisting with Haijie's entrance into the U.S. markets.
One of the most time consuming parts of closing these Chinese reverse mergers is completing the audited financials. They can't do a PIPE financing or merge these Chinese Companies into fully reporting shells without audited financials.
S3 Investment Company, Inc has announced that the 2007 fiscal year revenues (audited) for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd.(Haijie), a reverse merger client of S3’s Redwood Capital, Inc. subsidiary, exceeded $21.7 million. An audit of the company’s financials is an important milestone in the planned reverse merger of Haijie into a U.S. public company. The 2007 audited revenue numbers are reflective of a March 31, 2007 fiscal year end for Changzhou Haijie Metallurgical Machinery Manufacturing Co.
“We believe that there will be significant interest in this company, and Redwood Capital is looking forward to completing the additional steps necessary to consummate the reverse merger transaction.
_____________________________________________________________
S3 Investment Company Announces $21.7 Million in 2007 Revenues for Redwood Capital Client Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd.
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that the 2007 fiscal year revenues (audited) for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. (CMMC), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, exceeded $21.7 million.
An audit of the company's financials is an important milestone in the planned reverse merger of Changzhou Haijie Metallurgical Machinery Manufacturing Co. into a U.S. public company. The 2007 audited revenue numbers are reflective of a March 31, 2007 fiscal year end for Changzhou Haijie Metallurgical Machinery Manufacturing Co.
"The audited 2007 revenue numbers of Changzhou Haijie Metallurgical Machinery Manufacturing Co. clearly validates Redwood's belief that this is an excellent candidate for reverse merger into the U.S. public markets," stated S3 chairman and chief executive officer Jim Bickel. "We believe that there will be significant interest in this company, and Redwood Capital is looking forward to completing the additional steps necessary to consummate the reverse merger transaction. The projected equity value to Redwood Capital from each completed reverse merger transaction also impacts S3's bottom line and the expected long-term value for S3 shareholders."
Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. is located in the Xinbei District of the Changzhou High and New Technology Industrial Development Zone, which lines the southern bank of the Yangtze River in the northern part of the city. Changzhou, which is among the top 50 Chinese cities in terms of its comprehensive economic strength, has been characterized as an investment magnet due to its rich history, pleasant living environment, daily conveniences, respect for diverse customs, perennially congenial climate, solid industrial foundation, industrial diversity, good legal environment and government efficiency, and geographical advantages and low logistics costs.
Historically, Changzhou Haijie Metallurgical Machinery Manufacturing Co. was a sub-plant of Baosteel Group, one of the most profitable steel enterprises in the world, with an annual production capacity of about 20 million tons. The main products of Changzhou Haijie Metallurgical Machinery Manufacturing Co. include complete sets of metallurgical equipment and spare parts, electrical power equipment (including wind-driven generator boxes and large scale transformers), automotive parts, mechanical engineering parts, and large gearboxes.
Changzhou Haijie Metallurgical Machinery Manufacturing Co.'s fabrication, machinery and assembly products are already distributed internationally to a select few significant foreign companies, and with its planned entry into the U.S. capital markets, the company is expected to expand distribution to additional worldwide markets. The company is also expanding internally with additional property and a new 200-ton heavy-duty steel structure workshop due to open later this month.
Wuhan College Reverse merger part 1: Throw in organic growth to these numbers along with growth by aquisition and Wuhan could be another baby NASDAQ stock in the making.
Anyone with some free time might want to translate some of these webpages. Wuhan Internatinal Trade College website new SIVC reverse merger client.
I took a quick peek, it says 13,000 students currently enrolled.
800 teachers, nice looking campus. 13,000 students even if they pay $2000 each for school that's 26 million in revenue.
http://www.whicu.com
January 31, 2008 - 10:10 AM EST
S3 Investment Company Announces Wuhan International Trade College as New Reverse Merger Client for Redwood Capital Subsidiary
S3 Investment Company, Inc. (PINKSHEETS: SIVC)... signed Wuhan International Trade College, the second largest vocational education school in Hubei Province, as its newest client. Redwood Capital is in the business of assisting private Chinese companies to access the U.S. capital markets through reverse mergers into U.S. public companies.
Wuhan International Trade College http://www.whicu.com a for-profit institution that has cooperative ties to universities in North America and Europe, has developed an aggressive growth strategy, which is expected to include the construction of new buildings to accommodate a rapidly growing enrollment and the acquisition of another existing private college.
The demand for higher education in China is rapidly increasing with the growth of the middle class and the need for educated workers to fill positions in the expanding Chinese economy. However, according to a 2005 report from the American Council on Education, the higher education system does not meet the needs of 85% of China's college-aged population.
"We are pleased to announce Wuhan International Trade College as the new client for our Redwood Capital subsidiary, and we look forward to working toward its entrance into the U.S. public markets," said S3 chairman and chief executive officer Jim Bickel. "S3 has set a goal for Redwood Capital to reach 4 completed reverse merger transaction per year, and we believe that it is currently positioned to achieve a minimum of 3 in 2008.
Wuhan connect the dots here maybe...
S3 Investment Company, Inc. (PINKSHEETS: SIVC)... signed Wuhan International Trade College, the second largest vocational education school in Hubei Province, as its newest client.
Then figure out the largest vocational education school in Hubei Province since Wuhan is number two.
Then this...Wuhan's aggressive growth strategy, which is expected to include the construction of new buildings to accommodate a rapidly growing enrollment and the acquisition of another existing private college.
Wuhan could have plans to buy out number one school and corner the local market for Trade schools. Huge potential...
When SIVC's reverse merger deals close the Chinese companies are fully funded by Hunter Wise, Kensington Cross, Roth Capital, Barry Kitt etc.....PIPE financing at the time of the reverse merger is how SIVC does it....this money gives SIVC's China clients a competitive edge over their local competition who don't have American Venture Capital backing them.
Posted by: The Rainmaker
In reply to: Skidos who wrote msg# 7408
Date:4/8/2008 2:37:23 PM
Post #of 7640
The important thing about Fushi deal is that was the prototype. From that first deal SIVC was able to develop a niche in the China Reverse merger market. Now with Hunter Wise, Kensington Cross, Roth Capital, Barry Kitts and China Pinnacle in SIVC's corner the big boys are jumping on SIVC's current and future deals.
SIVC DD:Fushi Int'l SIVC's first RM deal follow-up.
Just to give everyone a another example of the high quality of SIVC's reverse merger deals.
Roth Capital big money players in Newport Beach Ca. Roth funded 264 million dollars worth of China Deals. Here's where it get's really interesting for SIVC.
Roth Capital finds Niche: Stock Sales for Chinese Companies.....Financed 10 deals worth 264 million dollars in 2007.....
Now check this out...Out of the 264 million dollars in deals Roth funded for 2007, 39 million dollars/over 15% of all the money Roth raised in 2007 was for SIVC's reverse merger client Fushi Int'l.
In October, Roth Capital did three stock sales for Chinese companies: a $39 million deal for wire maker Fushi International Inc....
http://www.rothcp.com/files/ocbj120307.pdf
Here's what Fushi did with the money Roth raised for them...Fushi #1 manufacturer in China buys out number one manufacturer in US.
Fushi International, Inc., which is the leading Chinese manufacturer of bimetallic wire, purchased Copperweld Bimetallics, LLC., the leading North American manufacturing of bimetallic wire located in Fayetteville, Tenn., on October 29, 2007.
Company Profile: Copperweld Bimetallics Llc
Parent Company: Fushi International (Dalian) Bimetallic Cable Co
Est. Annual Sales:$19,000,000
Est. Employees:150
Data above provided by D&B.
Recent News
Jan 18, 2008
Fushi International Changes Name to Fushi Copperweld
DALIAN, China, January, 18, 2008 -- Fushi International, Inc. , the leading global manufacturer of bimetallic wire used in a variety of telecommunication, power transmission and other electrical products, today announced that the Company’s Board of Director’s approved a name change to Fushi Copperweld, Inc.
Fushi International, Inc., which is the leading Chinese manufacturer of bimetallic wire, purchased Copperweld Bimetallics, LLC., the leading North American manufacturing of bimetallic wire located in Fayetteville, Tenn., on October 29, 2007. Changing the name to Fushi Copperweld more appropriately reflects the Company’s diverse and branded product line.
Posted by: The Rainmaker
In reply to: The Rainmaker who wrote msg# 7341
Date:4/4/2008 2:42:21 PM
Post #of 7520
Update for board
I called IR and asked him if Kensington Cross was replacing Hunter Wise as SIVC's Hedge Fund of Choice. He said definitely not, Kensington Cross deals etc. were in addition to Hunter Wise not instead of.
SIVC-S3 Investment Company Announces First Targeted Transaction Under Redwood Capital Agreement With Kensington Cross
Apr 9, 2008 09:34:02 (ET)
DANVILLE, CA, Apr 09, 2008 (MARKET WIRE via COMTEX) -- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that under the agreement between S3 subsidiary Redwood Capital, Inc. and Kensington Cross, Ltd., a boutique U.S. investment banking firm, to fund private equity transactions ranging from $20 million to $100 million (US), an initial deal has been identified.
The targeted private Chinese company is an industrial warehousing operation seeking to expand its reach both within China and internationally.
We are still getting another PR with name of new SIVC/Hunter Wise reverse merger client.
Todays news was great because know we found out we will also be getting another slew of deals from Kensington Cross on top of Hunter Wise deals.
strongly believe that several of SIVC reverse merger deals will ultimately end up trading on NASDAQ. When in the history of the pinksheets has anyone ever gotten share dividends of NASDAQ companies because they owned a pinkie.
SIVC belongs on a much higher exchange and should be trading at much higher prices. Luckily cream ultimately rises to the top and SIVC looks like the cream of the crop to me.
Thanks, they always say follow the big money players if you want to find the big money deals. SIVC's fingerprints keep showing up in the big money boys deals.
What type of Company does your company keep. In SIVC's case it appears they are surrounding themselves with all the right big time major league players in the China Reverse merger arena.
Equally impressive is the fact these big money players like Roth and Hunter Wise keep funding SIVC's deals. Great sign of more big things to come.
guys im gonna resign for co moderator. i will still contribute as a poster, but i have not contributed in any sense as a moderator and thus, the position neither suits me, nor am i good for it.
SDON .11 hmmm, interesting volume. I haven't heard anything on it.
Anyone has any info on David B. Stocker? I know he was charged by the sec for penny stock scam.
Here ya go. That registered agent doesnt ring a bell. I could of sworn it was another name the last time I checked..... Probably doesnt mean much but I think I remember looking another name up on it while checking addys last time.
http://kepler.ss.ca.gov/corpdata/ShowAllList?QueryCorpNumber=C1887197
BIHC +40%, acquisition closing pending. Solid r/m going on. Read the latest PRs
link, please.......
CGGP blowing up!0031 HOD now!)Tons of 600k buys today!eom
ATKQ (.0005) 8.9 Million O/S. CA SOS active. em
Followers
|
186
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3365
|
Created
|
01/18/07
|
Type
|
Free
|
Moderator Stock Lobster | |||
Assistants PDC ™ |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |