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Yes your wrong: D Mecatronics Inc.'s Board of Directors Accepts Buyout Offer
Wednesday October 17, 8:30 am ET
MISSISSAUGA, Ontario, Oct. 17, 2007 (PRIME NEWSWIRE) -- The Board of Directors of D Mecatronics Inc. (Other OTC:DMTN.PK - News) is pleased to announce that it has unanimously accepted the proposed buyout. The offer is for a buyout of all of the outstanding shares of the company for 0.49 per share in cash. The Board recommends that shareholders accept this offer.
``We believe the proposed price for the transaction is fair to D Mecatronics' shareholders. We intend to move quickly to complete the transaction. A shareholders' meeting will be held on November 28th in Toronto to vote on the offer. The location and time will be announced in a future PR,'' said Berardino Paolucci, Chairman and CEO.
About D Mecatronics Inc. (http://www.dmecatronics.com):
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.
The D Mecatronics Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2180
Forward-looking statements in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact:
D Mecatronics Inc.
Dino Jr. Paolucci, Director of Public Relations
(905) 672 - 5659
Cell: (905) 399 - 9814
dinopaolucci@rogers.com
www.dmecatronics.com
--------------------------------------------------------------------------------
Source: D Mecatronics Inc.
Tks for answering, best to you. i like 3 also !! lol
Question Please: Ypu say .20 is good enough for you if i read that post right. If the company comes out with a voting date. Would you stay or leave @.20? tks
Hope this post isn't taken wrong, But when i sell a stock i move on !! glta
imo) Its called Covering among Thieves !!!
You sold eh ??
Best to ya $$$$$
It's ok with me, i just keep adding :>)) glta
GM folks.
Pretty much how i see it ! But hey they want to drop the pps, it's fine with me i just keep adding ! glta $$$$$$
OTC: As allways thank you for your post, Just wish it didn't have to be your only post of the day. glta $$$$$$$$
Bagfull: Welcome aboard !! glta $$$$$
Maybe the company don't want the buyer to be flooded with phone calls.
Very true !!
Looks like no gains today. glta
We just broke 4 mill in vol:
Heres what im showing MM ID Bid Size Time
NITE 0.1450 100 14:37:44
SBSH 0.1400 100 14:53:37
ABLE 0.1400 100 14:56:55
HDSN 0.1350 100 14:17:55
ETRD 0.1300 100 14:46:36
DOMS 0.0900 100 14:49:57
SEAB 0.0750 100 13:06:00
SALI 0.0000 100 13:17:47
SSGI 0.0000 -1 15:25:41
WMIN 0.0000 100 12:38:16
EFGI 0.0000 100 11:17:06
ACPL 0.0000 -1 15:51:40
VFIN 0.0000 100 14:46:22
MM ID Ask Size Time
SALI 0.0000 -1 13:17:47
SSGI 0.0000 100 15:25:41
WMIN 0.0000 100 12:38:16
ACPL 0.0000 100 15:51:40
SBSH 0.1500 100 14:53:37
NITE 0.1550 100 14:37:44
DOMS 0.1550 100 14:49:57
VFIN 0.1550 100 14:46:22
HDSN 0.1600 100 14:17:55
ETRD 0.1600 100 14:46:36
ABLE 0.2100 100 14:56:55
VERT 0.2100 100 09:22:48
SEAB 0.5100 100 13:06:00
GL, i got my 1350 !
Tks for sharing with us !! glta
They didn't fill me !
Buy in at .1350 sorry
Great idea !!
I but a small buy in @.13 I can play games to. glta ! i vote Yes.
No, Just hoping for one hell of a short here and shorty will have to pay dearly for my shares, just my opinion, glta
I think it was a very good decision by the company not putting out the buyers name. bashers and shorty would of killed the deal. i have my gtc in over $1.00 glta
I heard Uncle Mel, was named in a law suit ? Maybe thats what UC meant when he said "If your in you win"
GM, nice news
GM, tks for sharing.
Nice Day Folks $$$ Congrats $$$
.09x.12 :>(
Looking Great !! 3:50 Should tell the story were we close ! Congrats to all $$$$$$$$
WoW ! just got home, Nice day !! Congrats Guys Galls $$$$$
e*trd showes this 895891109 a cusip #
WoW ! David Copperfield around here ? that was quick !!
Like to help you out bud ! but all my 50's are allready in here !
Just why does it matter to you, Or better yet why has it ever matter to you.
are you saying because people don't post here that they were never here ??? I accepted my 53,000 out of pocket loss and move on. Most have.
Great Pic !!
Your very welcome, but once one starts im sure the rest will follow.