is dough makin!!!
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If he calls again
what do you mean if HE calls?? It was me calling him, of course your welcome to ask him that.
Captain, you hit the nail on the head, it is flippers where the sells come from.
Please read my post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31695835
I asked if 15 million was real, he said more like in the 20-25 million range, they said they PRed 15 as a conservative number.
Congratulations Jerry!! Bought in the nick of time! GLTYA
Look at PS, the volume is 41,664,636!! Looks like a buy-out!!
Tomorrow or so we should witness a PEAK!
***It grows 1 million per minute!?***
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UPDATE: IR says the deal will happen. It is going through final stages of board approval of the buyer. I asked if it was any company listed at this link http://www.minamargroup.com/clients.php? I was told NO, it's a completely new buyer. I asked if $15 million was real, he said more like in the 20-25 million range, he said they PRed 15 as a conservative number. Call the IR yourself.
Well said Mr Goodlife, have you read the news? With this will break into the penny!!! GO GOODLIFE!!
ood life China (GLCC) To Acquire "The People Home" Chain
BEIJING, Aug 25, 2008 /PRNewswire-FirstCall via COMTEX/ -- Good Life China Corporation www.goodlifechina.com (GLCC) is pleased to announce that it reached a tentative agreement to acquire a majority position in "The People Home," Chain (TPH).
Shijiazhuang (TPH) chain is part of the Shijiazhuang Fuyuan Group. TPH line of business is mainly in the distribution of non durable goods of consumer product lines. Since its establishment in 2004 TPH has been mainly profitable, with a total of 625 operating stores providing low cost, and quality products. In Shijiazhuang community, TPH has good reputation, where TPH has maintained a strong presence.
GLCC sees the "People home" chain merger, as a way to improve its original Franchise model on the basis of continuing to expand market share, and to lower supply costs. The company also sees this as a way to improve gross margins, and to ensure the growth of its franchise chain.
In other news, the closing of this acquisition in the next 15-30 days, will be completed on a cash and stock basis. Together with this, and its previously announced expansions, GLCC expects to reach its authorized and outstanding share structure limit of 500 million shares. In keeping with its promise to its shareholders, and its filings on Pink Sheets, the company does not intend to increase its authorized or outstanding share structure for the balance of the 2008 fiscal year. In addition, the company is utilizing this opportunity to officially denounce any rumors that it intends to reverse split its security or disturb it in any way whatsoever. The company will use the balance of fiscal 2008 to seamlessly integrate all of its recent mergers and acquisitions into its network. Good life China management intends to continue to attract similar type of shop outlets, and other similar distribution centre's in order to rapidly develop, and establish its network commencing early in 2009.
The company continues with its business as usual, as it continues to explore the several different buy out and merger proposals currently under review. The company sees this TPH merger, together with the proposed buyout as a WIN-WIN scenario for all of its shareholders and stakeholders.
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
They did make some mistakes like that Horescon Orescon deal but that's gone now. They sold USA operations and it looks like China is the focus.
I found this, hope it sheds some light:
http://www.minamargroup.com/legal.php
He's a retired executive that serves on many companies boards. Experience is good. Like Obama - Biden experience counts.
Weren't those assets sold like last year or something?
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I'm hearing they'll start distributing their products all over the Antilles and Latin America. Worth focusing on.
Rumor speaks there is a sort of a merger in the play. That's why I'm sticking around.
It's a pink sheet non-SEC reporting company. PS is the only place to file.
Yup, O/S and A/S remain unchanged.
Here you go:
www.wallstreetreporter.net
Convertible debentures, it means that they get $$$ without issuing stock. If they can't pay the debt then the stock is issued (must be 2 years old).
So IMO convertible debentures are THE BEST!!!
Hmmm, a selective comparison I see...why didn't you include any of these, I wonder?
http://www.minamargroup.com/clients.php
http://www.minamargroup.org/Recent_IR-IA_Work.html
They are no longer involved. It doesn't make sense what your saying.
So where does a PS non-SEC reporting company "file" in your opinion? PS is THE ONLY PLACE!
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They got $5 million to grow their business according to the old IR. They wanted $40 million so they fired the old IR. Also there was a 45 million shares from the previous shell TLGP, so your off by 45 million shares.
Pink sheet companies DO NOT need audits to trade. That's why that venue exists. A topic discussed many times on these boards.
It was an asset sale. EFGO NEVER became MONA and GLCC.
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no they aren't. they are p.r.s...
OK, I'll shoot it again:
GLCC is a non reporting issuer so it cant file with SEC (its a non SEC filer) so the only place to file is on PS.
Classic fluff stuff
Hate to admit it but I agree with that post 1000%
GLCC is a non reporting issuer so it cant file with SEC (its a non SEC filer) so the only place to file is on PS. Those are legit and bona fide filings.
Maybe it means NY Fund managers out of stock!
I think this is the right one:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15983
I called the lawyer Frederick Hawa yesterday to see and he said "We are just getting the final instructions from our client and I cant comment more then that" so IMO it looks like its happening SOON!
IMO the NY fund gets the boot and they go back to the Oppenheimer deal according to the IR.
I spoke to the IR yesterday. Looks like the Chinese now realize that the NY Fund they got involved in was a mistake.
144 stock has nothing to do with audits? That post is confusing.
The fact that the news came out after the market closed means that they expect a nice surge on the news. Smart move. Get rid of the flips and reward the longs.
Cold Drink Division may be sold soon. I forgot to mention that. It sort came out (I don't think the IR meant to say it as he was trying to back peddle). I think there's a buyer in the wings.
Just IMO
BIG UP SIDE HERE!!! I spoke to IR yesterday. Says this company is being bought on penny's on a dollar. They don't want to be in that business and see it as a flip opportunity. IR says what HKBV paid for the company is peanuts. I see big upside here. I'm picking up some next week.
I found this www.wallstreetreporter.net which talks about HKBV.
It says:
HKBV.PK Quietly doing convertible debentures offering 14%! Smart move vs dilution. Revenues in the 5 million range, announced that it just acquired an International coffee biz best of all this one is a sub sub penny deal. Very low volume on a solid deal. New management amazing potential on this one!