Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
THX for that info Patsy, i bought when they filed the 8k, think I'll hold and see what happens,sure moves well, a friend of mine buys and sells cattle and says that there is lots of money to be made in sales and auction end of the business. I called the company after seeing the 8k and spoke with the CFO. Serious fellow,no hype, no pump, strictly business FWIW
Certain non-livestock assets of Canal Capital will be distributed to existing Canal shareholders prior to close.
Environmental Announces Potential Business Combination
HINSDALE, Ill., May 8 /PRNewswire-FirstCall/ -- AEI Environmental Inc. (AEI) announced today that it has signed a Letter of Intent with Canal Capital Corporation (OTC Bulletin Board: COWP - news) to enter into a business combination that will result in one of the nation's largest publicly held cattle trading companies. The transaction will combine the Internet operations of AEI's CattleSale.com with the public stockyard operations of Canal.
Canal's history includes Canal-Randolph, which acquired United Stockyards in 1964, with the latter formed by the Swift Company in 1921. The Canal stockyard operations include the St. Joseph Stockyards that was incorporated in 1896 and the Sioux Falls South Dakota stockyards founded in 1917. The resulting new company will have over a 100-year heritage in cattle trading in the U.S.
In 2001, Canal and CattleSale.com together traded over 450,000 head of cattle. CattleSale.com, acquired by AEI in 2000 and one of the first Internet cattle trading platforms in the U.S., had $69 million in internet-based cattle transactions in 2001. Asher Edelman, Canal's Board Chairman and one of its largest shareholders stated, "This combination of the country's oldest cattle auction company with a modern internet technology company will be a winning team."
Certain non-livestock assets of Canal Capital will be distributed to existing Canal shareholders prior to close. After close, AEI will hold approximately 70% of Canal's common and preferred stock. The closing of the AEI/Canal transaction will be contemporaneous with the closing of a $2.5 million dollar private placement of preferred stock in the new combined company.
After closing, the company will be headquartered in the Chicago area, with representatives in several Midwest and Western States. Cattlesale.com will be improving the function, ease of use and information content of its website with a major new release this summer.
AEI Environmental Inc. Chairman, Ed McMillan, retired CEO of Purina Mills, stated, "To help accelerate the future growth of our cattle trading company, CattleSale.com is fortunate to have the history and public platform that Canal will provide. We expect this transaction to be a positive event for the shareholders of both companies."
For Additional Information Contact:
AEI Environmental Inc. 630-325-4232
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of Canal Capital Inc. with
COWP news with aei
ACCS agreed thx
sdws ask thinning fwiw
SDWS One to watch imo
UQUERQUE, N.M., May 7 /PRNewswire-FirstCall/ -- Tom Anderson, a pioneer in
haptics (touch) technology, and CEO of Novint Technologies, Inc, a development
partner of Manhattan Scientifics, Inc. (OTC Bulletin Board: MHTX), announced
today the creation of a new prenatal e-Touch(TM) technology that allows parents'
unprecedented interaction with their unborn child by providing the ability to
touch the child's virtual image. In honor of Mother's Day, Anderson will unveil
the innovative 3-D ultrasound touch system at New Mexico Sonographics, a medical
facility located in Albuquerque, NM later this week. The scans are taken on the
GE Voluson 730 system, which is based on standard ultrasound and is therefore
safe for mother and child.
e-Touch, a brand identity for Novint, allows the user to feel a vast array of
textures including the feel of the baby's face and skin by using a
special computer mouse which registers the contact and creates the sensation of
touch, which is transmitted through the user's hand. The groundbreaking
new application for 3D ultrasound offers the ability to feel the image of
the unborn baby, enhancing the connection with the child.
SDWS arch have a look @ the chart, over sold? good entry here?
TRBY :)
VECT :)
VECT uptick thanks for posting that news, lol was looking at it yesterday, VECT has been good to me in the past, hopefully it will be again! :)
GVLT seems to be holding its recent gains' wonder if it will have another leg up
RASC watching wall @ .07, IBPI getting clobbered
Wonder if buyers read the DEF 14A
GRIN what a gap
RASC up alittle today
Who is the best broker for BB stocks, RJT, Ameritrade, others any opinions
Saw that, NITE moved from .15 to.25 on the ask on no trades
THX for the heads up on Brazen, out this am w/ a little profit. I may buy some back if it really dips :)
Thx Buzz, but no need to sugar coat it like that just say how you really feel. LOL Think I may scratch ETCH of my list!
OK no problem :)
ETCH any opinions on this one?
I don't follow RB
Just read the news,and posted
SRFX nice news imo. not a reco
COWP filed an 8-K http://www.nasdaq.com/asp/quotes_sec.asp?symbol=COWP&selected=COWP not a reco to buy. I see .1 in cash and .07 eps last qtr. 4.3m OS and 1.8m float according to marketguide
BUDH news---Budgethotels Network Inc.'s (OTCBB: BUDH - news) President, Mr. William Marshall, commenting on the Company's first quarter results, announces that he is pleased with the Company's financial progress.
The Company's reported loss of $120,761 for the quarter included $96,557 in non-cash expenses. The Company's operations generated a profit for the period of $109,237 before head office administration charges.
Mr. Marshall goes on to state that the Company's revenue growth through the traditionally slowest months of the year is particularly encouraging. In accordance with GAAP this revenue growth is not reflected in the Company's Income Statement but on the Balance Sheet where Unearned Revenue increased in the quarter from $287,000 to $350,000. Unearned Revenue represents revenue from contracts signed which will be taken into the Company's Income Statement over the life of the contract. It is anticipated that the Company's revenue growth will continue through the year.
Happy Birthday Mary!!!!!!!!!!!
POS CEO of EPYCE told me a couple of days ago they were working on the filings and there would be a press release out soon, didn't say anything about a RS. Of course I didn't think to ask lol. :(
ITET, getting some buys this am. I agree this is a nice price to accumulate. Stock is capable of moving into the teens imo
EPYCE little gap
EPYCE little gap
CMXS Letter to Shareholders of Cormax Business Solutions Inc.
CALGARY, Alberta, Apr 23, 2002 (BUSINESS WIRE) -- Cormax Business Solutions
Inc. (OTCBB:CMXS) President Todd Violette said, "We are pleased that other
companies find Cormax valuable and have the desire to acquire our Corporation."
In Response to all letters of intent to Cormax, the Board of Cormax Business
Solutions hereby states the minimum terms acceptable for an acquisition:
Cash and Stock Offer:
We expect the acquirer to place a minimum of $9 million dollars in an Escrow
account controlled and directed by the Corporate Attorney of Cormax, under
escrow terms mutually agreed upon.
-- 1.) Five Million Five Hundred Thousand Dollars shall be set aside
to offer the Class A Common shareholders of Cormax the right to
sell their shares for cash at $.10 per share, plus receive an
additional $.15 per share in stock with a guaranteed price
protection of $.15 per share for the following thirty-six months.
-- 2.) Two Million Five Hundred Thousand Dollars shall be set aside
for the buyout of the Preferred A Common shares.
-- 3.) Fifty Thousand Dollars paid to each of the four executive
management of Cormax and new executive employment contracts with a
minimum twelve percent raise shall be offered.
-- 4.) One Million Three hundred Thousand Dollars to be used for
retirement of all lawsuits and general operating costs at the sole
discretion of the management of Cormax.
Board of Director:
We demand the right to have an equal representation on the Board of Director
with the tie vote always being decided in the favor of the Cormax Shareholders.
The Directors appointed by Cormax shall have the right to veto any share
issuance.
Dilution:
The Directors appointed by Cormax shall retain the right to veto any plan that
calls for dilution.
Funding:
The Directors appointed by Cormax shall have the right to veto any funding plans
they deem detrimental to the shareholders of Cormax.
Management Control And Direction:
The current management shall retain the right to management and direct Cormax
without any impediment from the acquirer.
Damages:
In the event the Acquirer fails to complete the acquisitions they agree to pay a
minimum penalty of two hundred fifty thousand dollars to Cormax.
Time is of the Essence:
The acquirer must deposit the cash required for the transaction within seven
days of the signing of the letter of intent or all discussion are considered
immediately terminated upon failure to deposit funds required.
Cormax Business Solutions is in the business of providing technology services
and IT solutions that help companies become more effective by taking full
advantage of their networks and the Internet through security systems,
inter-office connections, network performance enhancers and specialized
network-telephone and network-video solutions.
This press release contains forward-looking information within the meaning of
section 27A of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from the future
results, performance or achievements expressed or implied by such
forward-looking statements. In particular, there is no assurance that reserves,
production, pricing levels or other factors pertaining to the manufacturing and
retail operations will be sustained at the expected rates or levels over time.
Discussions of factors, which may affect future results, are contained in the
Company's most recent SEC filings on Forms 10-Q and 10-K.
Under no circumstances does this press release constitute an offer to sell or a
solicitation of an offer to buy the securities of the Company described in this
press release in which such offer, solicitation or sale of securities would be
unlawful prior to registration, qualification or filing under the securities
laws of any jurisdiction.
CONTACT: Cormax Business Solutions Inc.
Todd Violette, 877/322-8822
www.cormax.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2002 Business Wire. All rights reserved.
Once you pull the pin be sure to throw it and duck Shac!
CMXS better today, news was a relief
CMXS has everyone dumped this one?
POPN 2on the bid@.062, go away wien, lol
GVLT I agree Arch, I don't know how meaningfuln this is due to the low volume, but GVLT broke though a double top of 11 cents. Am I reading that correctly?
POPN with you there Shac, I have spoken to the CEO some time back and he seemed like a staight shooter, and the potential looks good, I believe selling popcorn etc. has very good margins ! just my 2 cents FWIW