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Hows it going Ray, hope youve been busy. Would be nice to hear some updates for those vested here. GLTA. 10K could possibly have some good content in it, make us do some slappin for a change, until then its anybodys game. SAGD
"The sales and filings are a necessary step to complete the companies transformation and Position the company for the future as we remain confident in our existing pipeline of business opportunities"
- I would imagine we should see an update as the FCTI sale consumates. Restructuring and moving forward, looking good here IMO.
Be nice when the dilution ENDS, its in the weak hands of the flippers till then. BRGO
going to pick some up tommorrow. GAXCQ
Didnt have any issues buying through TDA earlier this week. GLTU
Must be a last attempt to get cheapies before News! BRZG
Nice close green for a friday. Why all the hype about RS? hardly a Share Structure to support this, any links ? Could see if the A/S was in the 4 bill range but were well below that. glta
going to add some more next week!
You think 4 are the bottom here? Hate to see dilution max us into 2s. Thanks. glta
Adding more monday. tomorrow should be interesting on the P&d list. noticed some of the big posters arent here must sold off today. glta
IM all for the day flippers here being excited flippin between 0.0004-7s high fiving eachother, there playing rite into Ashers game. As long as it keeps working Berge will keep using it, but was hoping for more here . Cant wait to get into .001s again and get outta here .
In all honesty if berge had the the ability and business sense to stabilize cash flow it would have happened by now, Hes like a Teenager with a credit card. Big dreams have to be balanced with some practicality. Were always reaching for the stars here .
Hope this is this the case here, but it looks like he could max out the A/S by the end of the year at this rate. Definitely my worst pick of the year so far. glta
Jewelry theives sure know how to adapt id say
Whos got the better level 11 and faster trigger finger. brgo
U guys are all flipping against eachother . lol
Should be a 10K out soon if i remember havnt been keeping track, but definitely Hope theirs some substance to it. As long as Rays here and were reporting we have a play here. glta
Somethings gotta give here, would be farther down in the trips but no its been holding this channel for quite some time.
There are actually a few fully reporting OTCQB shells rite now with attractive share structure OS under70 mill. My guess is as good as any why . sure its all been covered here. glta
wonder how long the RS takes .My symbol is currently a number. fun stuff
This is at the point where cbyi will either go quiet the next cpl weeks, or John scott will put out a PR for his private investors to clear the air. too much hanging in the balance here. glta
If i google ww.calbayinternational i get "page not found" not sure where everyones getting it being redirected to camber tire website. At any rate keeping this on watch its always interesting when the paid bashers put up an article , someone wants the cheapies before...
This mirrors that other play recently B$ND, when the Guy with the product starts saying if you want info about the stock call IR, if you want info about the product talk to me. Red Flag when they start to distance themselves from the scam . John Scott doesnt have to play in pinkie land anymore with the product he has!
Ill be here till next fall then im out.lol
Got my order in fer 0.0009
Is their a distinct possibility that John Scott would just sell the patent to one of the leading tire manufactures already established as this gains recognition? That would make better business sense than trying to go up against "Big Oil". imo. GLTA
I wouldnt put it beyond Berge to have Amazon already launched before a PR. BRGO
It would make good business sense for an Established ATM service provider too purchase the assets once they become available, effectively Expanding their operations quickly at a minimal expense.
It will be Interesting to say the least to see who the "interested Parties" are that come forward to compete for the bid. GAXCQ
These trips will be history soon
What a Great way to end the week!
Good Support!
Any thoughts on the "stalking Horse bidder", do they setup an opportunity for a buyout?. GAXCQ
Agreed, A good sign that there continuing operations while all this takes place also!
Definitely would be nice to hear what Ray is thinking on this as well. Last time we waited months on end for a PR its because they were aborting that particular mining operation. obviously hopefully thats not the case here, these mining plays take a tremendouos amount of time and $$$ before any drill hits the rocks . oh yeah and alot of patience from shareholders. lol . Some investors here have posted it could be next fall before these events come to fruition, this may be partially correct. GLTA SAGD
Aug. 6, 2013, 6:01 a.m. EDT
Global Axcess Corp Secures Asset Purchase Agreement with FCTI
JACKSONVILLE, Fla., Aug. 6, 2013 /PRNewswire via COMTEX/ -- Global Axcess Corp , a leading provider of ATM services and DVD self-service kiosks, announced today that it entered into as Asset Purchase Agreement with a "stalking horse bidder," Financial Consulting & Trading International, Inc. ("FCTI") a wholly owned subsidiary of Seven Bank, Ltd., to acquire substantially all of the assets of the Company's ATM operating business. The DVD assets will be sold under a separate process. The ATM business sale will potentially allow the Company to emerge with the strong financial backing of a new owner with substantial experience in the ATM industry.
To facilitate the sale, the Company and its business units have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Nevada. The Company has obtained a commitment from Fifth Third Bank for debtor-in-possession ("DIP") financing of approximately $1.5 million, subject to Court approval.
The Company intends to continue operating its business without interruption during the sale period and the Company remains confident in its existing pipeline of business opportunities. The Company maintains relationships with some of the top ATM industry service providers.
"The sale and filing are necessary next steps to complete the Company's transformation and position the Company for the future, as we remain confident in our existing pipeline of business opportunities and the strength of our service offering," said Kevin L. Reager, President of the Company. "We are grateful to our outstanding team of employees, partners and suppliers who have worked with us through this transition. We are pleased to have attracted a strong financial partner for our business, and we hope to complete the sale swiftly to make the process as seamless as possible."
According to Sharon Jackson, who has been the Corporate Secretary since 1999, "We have incredible, creative talent here at the Company. We look forward to partnering with FCTI for a new start as we will continue to use our intellectual property assets to develop high-quality ATM-related products and services."
FCTI has agreed to serve as the "stalking horse bidder" for the sale process, which allows other interested parties to come forward with competing bids. Aggregate consideration offered by FCTI for the purchase totals approximately $10 million and the Company hopes to receive Bankruptcy Court approval to consummate the sale as soon as possible.
Customers should see no changes while the Company completes a sale. The new financing will support business operations throughout the period. The Company does not intend to reduce its workforce as a result of the filing, and employees will continue to work their usual schedules and receive normal compensation and benefits, pending customary Court approval.
The Company is being advised by MorrisAnderson and Golding & Company as its financial advisors and Smith, Gambrell & Russell as legal counsel. FCTI is being advised by Skadden, Arps, Slate, Meagher & Flom as legal counsel.
Asher likes to show up early, update from the geoligist would be nice...Dont think Ray will put out a PR though till the tailings are in the process of being mined this time around. imo SAGD
Congrats. Agreed!
Quite a few plays with 3 billion plus AS running hard on momo this month!
- Berio getting Amazon ready for launch, PR not too far away
- Possible 40,000 wholesale Deal getting ironed out for this fall
- Then stepping into our favorite season, Christmas jewelry Sales
- Hopefull end of Dilution beginning 2014 heading into Valentines Day
- All a Nice setup for Q1/Q2 2014. IMO