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.
Well, we got our update.
http://ih.advfn.com/p.php?pid=nmona&article=48394038&symbol=EXTO
Looks like the shareholders got 'Shats'ed on.
Trans Atlantic needs to get their websight up and running before they start trying to trade share,s
GO EXTO
It might take a while before we see it.
I hope this shows up soon!
The company Contct info! CONTACT:
Investor Relations
Briggs Smith
813-438-5225
Email Contact: Email Contact
Exit Only, Inc. \ Shats International Holdings, Inc.
800-406-7906
Email Contact: Email Contact
Good morning! you can add me as a assist.
Welcome to TACG board, not sure if they will use this symbol for sure. Also looking for Assistants to help with board if interested.
I would expect this to get very cheap once EXTO shareholders receive TACG shares and want to sell them.
But, this may be the actual play down the road, not EXTO.
Just another one to add to my watch list. :)
Atlantic Capital Group Commences S-1 Registration Process and AuditBY Market Wire
— 12:15 PM ET 06/13/2011
SANTA MONICA, CA -- (MARKET WIRE) -- 06/13/11 -- Exit Only, Inc. (EXTO
Loading...
) announced that its previously announced stock dividend in its wholly owned subsidiary Trans Atlantic Capital Group, Inc. is moving forward as planned with a shareholder record date as of June 15, 2011. Trans Atlantic's capital structure shall consist of 40,000,000 shares issued and outstanding and will be distributing 8,000,000 shares pursuant to this dividend. Each shareholder in EXTO will receive 14.26 registered shares for every 1,000 shares owned in Exit Only (EXTO
Loading...
). The expected share price for Trans Atlantic Capital Group is $.50 per share which would value the dividend at $4,000,000 or approximately $7 for every 1,000 shares of EXTO. In addition, once Trans Atlantic becomes publicly traded, EXTO will be able to reflect the share value on its balance sheet.
EXTO's CEO Diana Shats proclaimed, "This commencement of this registered spin-out validates our acquisition strategy and provides a significant dividend to our shareholders while maximizing the investment potential for both EXTO and its shareholders." "Management believes that this is a demonstrable initiative to reward its shareholders and build long term balance sheet value and shareholder confidence," continued Ms. Shats.
Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc., as previously announced, achieved record revenue in excess of $15,000,000 for the first quarter of 2011.
"As an independent publicly traded company, TACG will be optimally positioned to expand its operations, access the U.S. capital markets and grow its presence both here in the U.S. and abroad. This spin-off maximizes the potential to create substantial value for our shareholders from this trading platform over the long term," Ms. Shats added.
Completion of the spin-off is subject to final approval by EXTO's board of directors, confirmation of the tax-free nature of the transaction, as well as effectiveness of an S-1 registration statement filed with the Securities and Exchange Commission and FINRA approval.
Exit Only, Inc. Finalizes Shareholder Dividend of Eight Million Registered Shares; Trans Atlantic Capital Group Commences S-1 Registration Process and Audit
anyone Wanting to help manage this upcoming board?
welcome to TACG board
this stock will trad on OTCBB
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
30
|
Created
|
05/15/11
|
Type
|
Free
|
Moderators |
Exit Only, Inc. (PINKSHEETS: EXTO) announced that pursuant to its acquisition strategy, it has approved a registered spin-out of its newly acquired Trans Atlantic Capital Group, Inc. "A registered spin-out will maximize the investment potential for both EXTO and its shareholders," stated Diana Shats, President . "While EXTO has a broad acquisition strategy, Trans Atlantic is focused specifically on one sector so it is logical to achieve full valuation as an independently traded company," continued Ms. Shats. EXTO intends to file a registration statement registering the shares to be distributed from the dividend. Management believes that this is a demonstrable initiative to reward its shareholders and build long term balance sheet value.
Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc., as previously announced, achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010. The company is in the process of preparing Pro Forma financials, reflecting the acquisition, which it intends to post on the PinkSheets database. In addition, the Company is finalizing its financials and expects to return to Current Information status during this quarter.
EXTO shareholders will receive 20% of the issued and outstanding shares in TACG. The record date for the share dividend has been chosen as June 15, 2011 and share distribution dates have not yet been determined. Upon completion of the spin-off, TACG is expected to trade on the Over-The-Counter Bulletin Board ("OTC-BB"). The issued and outstanding common stock of EXTO is not affected by the spin-out and is approximately 560,910,000 post acquisition of Trans Atlantic Capital Group. The 479,000,000 shares comprising the Float remains unchanged since July 2010.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |