is dough makin!!!
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Today's trading price is based mostly on a bid/ask and looks like buying volume is drying up. If this trend continues we will most likely close at previous close.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16922
These guys so far have acquired 4 million of shares plus intend to acquire another 5% of the float which is 2 million. We should be able to see >10c next week.
Spread the word of wealth and prospect in Good Life China! GO GOOD LIFE!!
Do you have share structure of the other company available? If so, I'd love to see your prospective stock determination...and my success LOL
Well said Mr. z, needn't say it twice. This time shorts are led to scream covering, no remedy, feel sorry about that
This should open tomorrow 0.002 and will most likely witness 0.003 on Monday. There is some positive uptrend, that's why I picked up some today. A step ahead to the pennylend!! GLTY!!
You are still led to believe in R/S B/S? Give it up, R/S is not happening in any shape or form.
Yes breezin,
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16884
--- European buyout 15 mil is a subject in audited filing. --- OK
--- Vend in Chinese company (agricultural)----OK
--- dividends
and so on...
All good!!
Why do you think PPS is that imperative to uplist to OTCBB? Dollar stock? Also after they complete the merger the PPS will burst out. Aren't they on a way to carry out their uplist intent, don't we witness a sudden rise in PPS? Will most likely break .02 tomorrow morning. Stay tuned. Don't ask too much.
As long as I've been reading their PRs all of the possible deals that were left haven't been 'revamped'. This 'agricultural' deals looks like a closed deal by the latter canditate's revenues etc. And also by that uplist to OTCBB. In former PRs company stated they intended to uplist to OTCBB but never revealed details. Looks like this deal hit the bull's eye.
For those who are losing focus,
one of the previous proposals didn't 'hold water' because the possible merger candidate wanted to see "a good performance of the stock". The deal was indefinite and in due diligence stage. The company also stated they were working on other proposals. So the news was released for shareholders/followers sake. One of the deals should 'work' and so is with this agricultural company.
Looks like all previous proposals for acquisition were abandoned. This is the right deal, I like this agricultural company along which GLCC should 'BLOOM'. Can't wait to see it uplisted to OTCBB. And off we go!!
I found this:
http://www.otcreporter.com/Newsdetails.asp?NewsId=1154
I cannot see any IR mentioned there, where did you see that?
BTW my funds cleared today, glad to have got a slice of the pie
If this trend (uptrend) continues for both MONA and GLCC we'll be in pennyland very soon. IMO at the moment when GLCC hits 0.1. There are no ties between these companies, I believe new IR negotiates with both companies to have HEALTHY price and performance. Just IMO
Good Life China (GLCC) To Acquire An Agriculture Company
BEIJING, Aug 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China Corporation (Pink Sheets GLCC) www.goodlifechina.com is pleased to announce that it has signed a Letter of Intent to acquire a second Chinese based company of similar size and financial stature to Good Life's current operations. The company is in the agriculture business, with revenues in the 5-6 million dollar range and assets of about 10-14 million dollars. The purchase price consists of cash and restricted stock.
The parties are beginning the due diligence process which they expect to complete within the next 60-90 days.
Based on a successful acquisition, GLCC will be looking at the option of uplifting itself and or the targeted acquisition Company to the OTCBB, in line with previous announcements and filings made by the Company. This will require auditing of the respective financial statements of the two companies, and a thorough review of other disclosure requirements including compliance with some aspects of Sorbanes Oxley.
Additional announcements will be made as the negotiations move forward, either through news worthy updates or update notices filings on Pink Sheets.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
SOURCE Good Life China Corporation
Let the price go UP and enjoy your trade, but once AS is increased to 500 million it is due to uplist to OTCBB and for lawyers/acquisitions expenses. IMO good luck people
GLCC trades in Germany at
$0.0120=€0.0177
http://finance.yahoo.com/q?s=L9X.F
IR said the predicted share price should be in double digit penny range if not more. And we're moving towards the right direction. Both GLCC and MONA 'BLOOM'!!
Good luck people.
Captain, here we go north again. That news of acquisition and OTCBB looks good to me. GLTYA GO GLCC!!
MONA will experience the same run as GLCC does. Penny is near! Watch for the volume and the opening price.
MEDT News:
August 26 - Mediatechnics Corp. Inks Deal to Purchase Global Music Group-New York, Winner of Death Row Records Label Valued at $32 Million
Mediatechnics Corporation (OTC: MEDT) has signed a letter of intent to purchase Global Music Group-New York (GMG-NY), the company that won the bid to acquire the assets of Death Row Records in the U.S. Bankruptcy Court in June of this year for $24 million. Mediatechnics intends to provide Global Music with the funds needed to complete the acquisition.
The landmark deal would give Mediatechnics Corp. ownership of Global Music Group, which will hold upon completion of the purchase - free and clear of all liens, claims and encumbrances - all of the assets that comprise Death Row Records, including Death Row's catalog of master recordings and published music, as well as all trademarks and other intellectual property, licenses, artist and writer agreements, works in progress, and options. An independent valuation of the bankruptcy estate completed last month placed the catalog value at $32 million.
The Death Row catalog includes a significant amount of previously unreleased material by the late Tupac "2Pac" Shakur and other top artists, as well as almost all of the previously released music of Dr. Dre and 2Pac. The 2Pac music has spawned great interest with the media since the possibility of its imminent release became news.
Founded in 1991 by Marion "Suge" Knight and Dr. Dre, Death Row Records established itself as one of the biggest labels at the forefront of the '90s gangsta rap music era, and, for all intents and purposes, defined the genre. The label was home to such artists as Dr. Dre, Snoop Dogg, Tha Dogg Pound as well as 2Pac.
By the early 2000s, Death Row was besieged with several crippling lawsuits and criminal convictions for founder Suge Knight. In April of 2006, Knight sought bankruptcy protection for himself and the label. On June 24 of this year, the U.S. Bankruptcy Court for the Central District of California approved the sale of Death Row to Global Music Group - New York for $24 million, and Global Music placed a deposit with the court.
Mediatechnics President Richard Wilson said, "The acquisition of Global Music and Death Row Records will represent a landmark turning point for our company. Together with our subsidiaries, the Live Network and CRD Technologies, the prospects of co-branding, licensing and new product development are astounding." He continued, "We're driving hard to lock in all of the complicated pieces of this puzzle necessary to successfully conclude this remarkable deal."
Susan Berg, President of Global Music Group-NY, said, "We are delighted by the prospects that this imminent transaction could bring to our two companies and believe the outcome, both financially and creatively, can be an incredible force." Berg qualified Global Music Group as a bidder with the Federal Bankruptcy Court prior to the auction in June, putting up more than one million dollars on deposit.
Mediatechnics' transaction remains contingent upon several factors, not the least of which is the closing of the financing and the subsequent payment to, and acceptance by, the Bankruptcy Court and its trustee. While many factors outside the control of Mediatechnics could yet affect whether or not the transaction is completed, the company is currently in possession of a Letter of Intent from a lender to fund the transaction, and has been informed by GMG-NY that it is likely that the purchase will be accepted when funds are proven and delivered.
Another way of thinking 'imiloa'. But instead of a slope, I see this buyout as a next step to the OTCBB uplist. Surely, one needs to lean on intraday charts, learn how to play pink stocks, but this is a continuation of GLCC's management promise to uplist to OTCBB. IMO of course.
LOL that's where all of these millions are coming from. Somebody here needs to cover BIG TIME
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31727041
Both MONA and GLCC are performing excellent. Good run. IMO This is the great lesson for all who need to learn how to play these stocks.
I must say this action surpasses my expectations .013 and this kind of volume is the sign of 'Green Day'
Congrats to the buyer who's just jumped in with 1 million
GO GLCC!!
*MONA* last trade change +100.00%!!
Volume 6,664,165
MonArc Corporation's (MONA) To Be Acquired by a Chinese Direct Marketing Company
BEIJING, Aug 27, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation, www.monacorporation.com, (MONA.PK) today announced that it has reached a preliminary agreement to effect an acquisition of a Major Chinese Direct Marketing Company (MCD) with over 7,000 member shareholders. MCD revenues are substantially higher than anything previously enjoyed by the company. Under the terms of the agreement, a complete new management and a complete new board membership will be appointed to MONA.
Additionally, MONA has interest in Inotrek Inc (Chinese based broadband -Hotel ISP) and PP365.Com on line gaming portal and the Company recently sold its North American portfolio. These assets have a book value of 12-15 million dollars. The current management of MONA has negotiated that all of these assets be sold and all proceeds be disbursed to its shareholders as a 1 time special dividend before the MCD closing date, which could be in the 3 to 4 cent range per share.
The Company anticipates that it can formally close the deal within 30 - 45 days if matters proceed smoothly, with the sale of these assets. The company will be making further announcements on these events via filings and updates on www.pinksheets.com
The transaction with MCD will be completed on all cash basis for the controlling block of MONA.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
SOURCE MonArc Corporation (MONA)
Asiana Corporation (ASIC.PK) 50 Million Dollar Expansion
NANCHANG, China, Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Asiana Corporation (ASIC.PK) is pleased to announce that it has reached an agreement in principle to spin off one of its divisions http://www.1800buypiao.com/ The purchaser is a New York USA based Pink Sheet company, whose security trades in the 5-8c range. The deal will involve both cash and stock.
CEO Mr Xu explained, "This is actually a 2 fold transaction. The deal will involve purchaser to acquire our ticketing division for about $15 million dollars. When one includes ongoing royalties the transaction may very well topple $50 million dollars as a gross figure. Subsequently, to insure performance either I and or another officer of ASIC will be appointed as a director of the purchasers company. The purchaser is looking to gain entry into the China markets and this is one way for them to achieve this objective. We are also looking at ways to reward our shareholders, and one of the proposals under consideration is an outright merger with the buyer or a dividend payout of the 50 million dollars to our current shareholder base. We expect to close the deal on or before September 30 2008."
In other company news, CEO Mr Xu added, "Our security was recently branded caveat emptor by Pink Sheets. This is due to some spam e mails that were sent without our knowledge and consent. We are currently in the process of having this rank removed with added filings on Pink Sheets."
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Post Unavailable
Additional Information
Correction
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31750056
...DOUBLE DIGIT PENNY...
Nice way to twist it?? Really?? They said DOUBLE DIGIT PENNY, so it's AT LEAST 1-10c. IF MORE STILL MEANS SUB PENNY, but somewhere from 10c? Isn't 10c attainable??
And JMHO said 5-6c IS attainable and reasonable. Makes sense.
Captain all lights are GREEN!! Recent volume plus BUYOUT volume and there we go!!
Ready to open at 1c tomorrow!!
I just spotted this:
http://www.otcreporter.com/
We are on "Alerts"
GO GLCC!!
Honestly, neither I believe nor IR's intention was to impose on me the price would be a dollar or even more. SHOULD SEE THE VALUE RETURNED UP TO DOUBLE DIGIT PENNY means exactly that this is a penny stock and it will remain so.
IF NOT MORE! More than one penny for sure, somewhere 5-6c is attainable and real. So, I see these efforts to recover price and give it a real value...IF NOT MORE. Very reasonable and optimistic.
WOW!! 170% UP in a couple of days! The volume is AWESOME, apart from MMs staying on .043, GO MEDT!
Hi gang,
I loaded some of MEDT today, my funds cleared so let's go!
LOL I agree, these guys are obviously laughing the buyout option off, I would LMAO if they were caught shorting in the middle of a buyout
Yes Captain, will we experience this kind of volume not until MMs games and shorts are occurring. We are being played again.
BIG VOLUME NO MOVEMENT! I wonder how many people realize that Frankfurt is a great place to short stocks. Add to that that it's end of the month and you have a perfect mix for a high volume day-days. Here's my understanding on how shorting on Frankfurt works: One opens up an acc in Frankfurt. Collateralize other securities (pinks OTCBB whatever) with a dealer there and you are in business. Then instantly lean on 1 stock say GLCC, and spread the bad word about the stock. All month long you sell what you don't have (short), now comes end of the month and the settlement date arrives (end of the month). On this side of the pond we see (WOW HUGE VOLUME IN FRANKFURT!!). No it's not, it's huge settlement. Those MM are saying let's trade between each other and settle up accounts. Those that bought at 005 sell for 007 for a tidy profit and those that bought at 01 or 02 sell to get out to cut their losses and the MM settle their acc when the price returns from 0082 to 0063. Great, now they can repeat the cycle all over again. To be fair its not the MM that do this (yes some MM do) but its mostly very very savvy investors. The more exchanges the co trades on the easier it is to do this to a company. If Frankfurt is that strong then they should either leave pinks and go to Frankfurt or get off the Frankfurt and only stay on Pinks. That's my 2 cent worth and where we should be now if these games were not played by savvy traders.
You'll see it in 2 digit penny range or above once the merger and one of the buyout proposals take place. Don't worry.