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How do you think the price per share and share structure after
the merger.
WHCA wonder if there is ever going to be some kind of movement here or an announcement or something......big long ago R/S and then they shut it down.......no current filings or nothing.
Proof will be in the execution and how well they can follow through. As the price of oil drops like it is and the infrastructure and competition for restaurants in Williston continues one has too wonder how it will play out.
I was just saying obviously the starbucks deal isn't done yet, but that's the direction they are going. Obviously they have some big plans for the company. Already have the mexican restaurant chain plus they said they plan to take their bar/restaurant concept nationwide.IMO
Which way is that? Own franchises now?
WHCA and Starbucks!
Obviously not a done deal, but you can see which way this company is going.
http://bakken.com/news/id/tag/williston-holding-company/
http://www.bing.com/videos/watch/video/more-feast-than-famine-in-the-bakken/3xr86byt
Make sure to watch the whole thing, he talks about rolling out the brewing company nationally.
Would watch this one. Restaurant market on Williston is saturated and too many options now.....
WHCA well you know good luck with it...I hope it works out like you plan
We going big here only 201000 shares O/S. Forward split very soon
IMO
WHCA Mexican Restuarants Inc (CASA) and Williston Holding Co. (WHCA) are both pinks...
You can't find nothing out about WHCA other than it has a stop sign on the otcmarket site and any information that is available about the MCI acquisition is the news release itself, any filings listed only involves Znomics, Inc.....so no comfort there to buy in a $3.50 levels
I am however more impressed with the MCI(Mexican Restuarants Inc.) website that does have the PR of the acquisition on their website: http://www.mexicanrestaurantsinc.com/node/372 .....but still Mexican Restuarants Inc. (CASA) on the OTCmarkets website also has a stop sign and really has no filings reporting this acquisition with Williston......Mexican Restuarants, Inc and it's restuarants IMO does seem very real and authentic...the stop sign on the OTCmarkets seems puzzling..seems like they would be current and already in the blue chips actually.....this makes me feel that this could move to a higher exchange.
Also WHCA spent about $11 million on 80% of MCI shares...100% of all shares would have been around $13 million.
Did some digging, Here's Mexican Restaurants website:
http://www.mexicanrestaurantsinc.com/frontpage
And here's their financial info, looks like WHCA paid about $13MM for the company.(3.4MM O/S x $4 per share) Last reported, they were doing about $66MM in yearly sales.
http://www.otcmarkets.com/stock/CASA/company-info
WHCA
This will never go back to the micro levels again, they have put over $20MM in assets into this thing, what you're talking about happens to penny stocks that reverse split because of too much dilution and a low share price from selling stock that just plan on doing it all over again. Do some DD on who and what has gone into this shell and you will be quite impressed.
Do any of you all have updated financials for WHCA that you would be willing to share? Been following CASA for a while and would like to look at the specifics of WHCA.
WHCA yea they had better with a share price of 3.5 in the OTC after a reverse split........to buy now IMO is asking for a lost unless it does move to a higher exchange otherwise this is going to plunge back down to the micro levels it once was before the split IMO.
OTC players don't want to pay 3.5 for a penny stock IMO
Great news here!!! Looks like they are filling up this company with lots of goodies. My guess is we see them jump onto a higher exchange very soon.
NEWS, NEWS, NEWS Williston Holding Company Buys Controlling Interest in Mexican Restaurants, Inc.; Announces Merger Agreement
WHCA curious to see what happens here.
A little more on Jundt, explains the Minnesota Cherry Tree connection.
http://minnesotabusiness.com/article/networker-joining-boom
WHCA I agree in fact i would bet that any newbys might do really well with this one if they play it right
Yeah, had high hopes too, not great for those stuck with the RS, but looking at Williston Holding Co. who appears to be rolling in here, seems a very legit company with ex-Kona Grill CEO running things. In fact at 200,000 O/S now, not a bad stock to keep an eye on. Either way, they do appear to have handed it over to a legit crew, we'll see. Will be hard to reach break-even for pre-RS shares, but could still make a run.
http://www.bizjournals.com/twincities/morning_roundup/2013/11/kona-grill-co-founder-investing.html
http://www.grandforksherald.com/event/article/id/278940/
WHCA Again another OTC disapointment. I had high hopes that the owners of ZNOM and Cherry Tree was going to make it happen for this shell. However, can't say that they ever pumped or deceived anyone. I was just hoping they wouldn't lose interest in finding an occupant...but they did....and just sold the shell instead so it appears.
Znomics Inc., ZNOMD changed to Williston Holding Company Inc., WHCA:
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/26/2013&mkt_ctg=NON-OTCBB
ZNOM well here you have it oren1..it looks like Cherry Tree sold out to a new company that now owns 95% of ZNOMICS shares goes the the investors of WHC(Williston Holding Company, Inc.),...or that is what it appears to me anyway. It does look like this WHC merger might have it going on in the restuarant business. We will see how it goes.
But none the less there really has been a 1:285 RS an the new share price on the OTC markets shows 1.71 per share...It looks like the current shareholders may have a hard time recovering from the split though even if this does start moving.
Here is the link to the 8-K which will explain all:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9584965
and here is the ZNOM new share price: http://www.otcmarkets.com/stock/ZNOMD/quote
GOOD LUCK TO ALL WHO HOLD.
Any body spoke to the company
what is going on
ZNOM: one for 285 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/31/2013&mkt_ctg=NON-OTCBB
ZNOM One of these days it will happen I imagine
Maybe we are moving again. R/M soon......
hey champ
Thanks for your message, appreciate it. I have never been a to da moon kinda guy, steady consistent gains is the key.
I decided to stay away from this one and put cash into somewhere else instead.
Is this still a active play ? Anyone still have money in this company ?? Thinking of throwing some cash at it, whats your guys oppinion ?
Is this still a active play ? Anyone still have money in this company ?? Thinking of throwing some cash at it, whats your guys oppinion ?
its a shell lotto play,but 011 is the price to buy imo!at least it hasn't gone below 01 in 5 yrs.
ZNOM loosing their OTCQB tier down to pink status does not look so good IMO
250 shares up 250%
WOW, WOW .08 maybe finaliy R/m
ZNOM Wonder what that was about? Someone must of got tired of holding for a merger.
i hope they find a good company
ZNOM It definately looked like a legit company and yes IMO it looked like a great occupant for the ZNOM shell.....but you know if agreements can't be made then they can't be made.
I just hope that CherryTree and those members of CherryTree that own the ZNOM shell don't get restless and sell the shell to some group that puts a big R/S on the beautiful SS...that is the only thing that worries me about this situation. As you know the three year deal with Cherrytree to find ZNOM a great agenda is due to expire in 2013..June I think.
was that potential merging co. worth anything good? any thoughts?
$ZNOM - should pick up soon...IMO $ZNOM in good hands...
ZNOM hmmmm...maybe...is a possibility I suppose.....but my opinion is that they necessary agreements were not established between ZNOM and IScience.
I completely agree on that, we still know management's track record and it has been solid, and not necessarily a bad thing to have this deal terminated. Wasn't entirely enamored with Iscience anyways or terms of deal from the research I've been looking at. Remains a strong merger play and we know that they have a timeline on it, so we'll see. Cherry Tree still very much connected to some big players.
Any opinion why the agreement was terminated . maybe the company ZNOM found better opportunity.
ZNOM Still a believer in what is to come once they find an acceptable merger....again no promises were made by these board of directors of ZNOM which is also the founders/affiliates of Cherry Tree.
8k, "On November 20, 2012, the Merger Agreement was terminated by the Company and iScience pursuant to a provision of the Merger Agreement that permitted either party to terminate if the closing thereof had not occurred as of November 15, 2012.
"
Not sure but on $ZNOM anything over .10 would be nice!
what you expect the price per share to be after R/M complete
$ZNOM so they are up and running with a new website!!!
http://www.iscienceinterventional.com/
Acquisition in the works...should be big $$$ from what i understand....
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Znomics, Inc.
PORTLAND, Ore., Feb 10, 2010 (GlobeNewswire via COMTEX) -- Znomics, Inc. (OTCBB:ZNOM) today announced the issuance of 75% of the fully diluted capital stock of Znomics to affiliates of Cherry Tree, a financial advisory firm offering investment banking, investment management and wealth management services based in Minneapolis, MN (collectively, the "Purchasers").
Znomics issued 40,811,886 shares of common stock to the Purchasers for total consideration of $125,000, paid in cash at closing.
The stock purchase agreement and related transactions were approved by the Board of Directors of Znomics and by shareholders who owned a majority of the outstanding shares of Znomics common stock prior to the issuance of the new shares.
Znomics is currently a "shell company" as defined by the Securities Exchange Act of 1934. It is expected that the Purchasers will use Znomics to acquire an operating business, but no specific acquisition discussions are under way and the Purchasers expect the acquisition process could take several years.
As part of the transaction, the shareholders have elected a new Board of Directors, which includes Tony J. Christianson and Gordon F. Stofer, founders and co-managing partners of Cherry Tree, John C. Bergstrom, managing partner of RiverPoint Investments and Kerry D. Rea, former Chief Financial Officer of Znomics. The new Board of Directors appointed Mr. Christianson as Chairman, Mr. Stofer as Chief Executive Officer and David G. Latzke, a Managing Director at Cherry Tree, as Chief Financial Officer and Secretary.
Simultaneous with the issuance of this press release, Znomics filed a Form 8-K with the Securities and Exchange Commission outlining the acquisition and related transactions, including exhibits.
Forward-Looking Statements
Certain statements found in this press release may constitute "forward-looking statements," which reflect the speaker's current views with respect to expectations and future events and include any statement that does not directly relate to a current or historical fact. The forward-looking statements in this press release include the expectation that the Purchasers will use Znomics to acquire an operating business and the anticipated timeline for that process. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Examples of risks and uncertainties relating to the forward-looking statements in this release include, without limitation, the Purchasers' ability to identify a viable candidate for a reverse merger transaction with Znomics and to successfully negotiate and complete the transaction.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Znomics, Inc.
http://www.cherrytree.com/
http://www.cherrytree.com/news/docs/MNBus_0209_sm.pdf
Name | Description |
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Christianson, Anton | Anton J. (Tony) Christianson has served as chairman and member of board of directors of Cherry Tree Acquisition Corp since inception. Mr. Christianson is a co-founder and chairman of Cherry Tree Companies, which he formed with Mr. Stofer in 1980. He is also the chairman of its affiliates: Cherry Tree Investments (a Registered Investment Advisor), Cherry Tree & Associates, LLC (a FINRA licensed broker-dealer) and Cherry Tree Family Office (a Registered Investment Advisor). Mr. Christianson has spent more than 30 years in the venture capital and private equity communities in a variety of capacities. He has been the managing partner of several partnerships ("Cherry Tree Ventures") that were focused on investing in entrepreneurially-managed companies. Most recently, this included Cherry Tree Ventures IV, which has had two significant initial public offerings within the last two years: Capella Education Company (NASDAQ: CPLA) and Dolan Media Company (NYSE: DM). In these partnerships, Mr. Christianson was responsible for making and monitoring investments and for reviewing strategic direction for all portfolio companies. From 1978 to 1980, he was an investment officer and vice president of Northwest Growth Fund (predecessor to Norwest Equity Partners and Norwest Venture Capital). From 1972 to 1974, he worked for Arthur Andersen as a systems analyst in their consulting practice. He currently sits on the boards of Dolan Media Company (NYSE: DM), Fair Isaac Corporation (NYSE: FIC), Titan Machinery Inc. (NASDAQ: TITN), Peoples Educational Holdings (NASDAQ: PEDH) and AmeriPride Services Inc. Mr. Christianson received the Outstanding Director of the Year from the National Association of Corporate Directors in 2002 and was a finalist for the Entrepreneur of the Year Award in 1994. He graduated with a B.A. from St. John's University, Collegeville, MN and earned an M.B.A. from Harvard Business School, where he was a Baker Scholar.
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Stofer, Gordon | Gordon F. Stofer has served as chief executive officer and member of board of directors of Cherry Tree Acquisition Corp since inception. Mr. Stofer is a co-founder and chief executive officer of Cherry Tree Companies which he formed with Mr. Christianson in 1980. He is also the chief executive officer of its affiliates: Cherry Tree Investments, Cherry Tree Securities and Cherry Tree Family Office. Mr. Stofer has spent more than 30 years in the venture capital and private equity industries in a variety of capacities. He has been the managing partner of several partnerships that were focused on investing in entrepreneurially-managed companies. Most recently, this included Cherry Tree Ventures IV, which has had two significant initial public offerings within the last two years: Capella Education Company (NASDAQ: CPLA) and Dolan Media Company (NYSE: DM). In these partnerships Mr. Stofer was responsible for making and monitoring investments, as well as coordinating all fund raising and investor relations related to the funds. From 1977 to 1980, he was an investment officer and vice president of Northwest Growth Fund. Prior to that, from 1975 to 1977, he was a marketing manager for Honeywell in their energy management division. From 1970 to 1972, he served as an officer aboard a destroyer in the United States Navy. During his investment career, Mr. Stofer has been a director of over 30 private and public companies and has served on numerous public company boards and related committees. He currently sits on the boards of Insignia Systems Inc. (NASDAQ: ISIG) and VEE Corporation (Sesame Street Live). Mr. Stofer has been a past president of the Minnesota Venture Capital Association, received the Outstanding Director of the Year from the National Association of Corporate Directors in 1997 and was a finalist for the Entrepreneur of the Year Award in 1994. Mr. Stofer received a B.S. in Engineering from Cornell University with an engineering degree and an M.B.A. from Harvard Business School, where he was a Baker Scholar.
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Latzke, David | David G. Latzke has served as senior vice president, finance of Cherry Tree Acquisition Corp since inception. Since January 2007, Mr. Latzke has been a managing director at Cherry Tree Companies working in the investment management and investment banking divisions. His focus is on strategic advisory services to both private and public companies as well as M&A and capital market transactions. From June 2006 until joining Cherry Tree in January 2007, Mr. Latzke provided consulting services to small and middle market companies. His clients included software, technology, and manufacturing and distribution companies. From April 1993 to June 2006, Mr. Latzke served as senior vice president, chief financial officer and secretary of SoftBrands, Inc. (AMEX: SBN), a provider of enterprise software and related professional services. SoftBrands acquired Fourth Shift Corporation (NASDAQ: FSFT), where Mr. Latzke served as chief financial officer, in April 2001. From June 1982 to April 1993, Mr. Latzke was at Arthur Andersen & Co. serving both closely held entrepreneurial companies and public registrants. As an advisor and public company chief financial officer, Mr. Latzke has had the opportunity to lead numerous financings, capital transactions, acquisitions and divestiture transactions and restructuring projects. He received a B.A. in Accounting from the University of Northern Iowa and is a Certified Public Accountant. |
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