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record date was dec 1 eom
"Under terms of the agreement, we expect to acquire an estimated 900 million restricted shares of ONYI, to be added directly to the treasury of USSEC for the future benefit of our investment base and organization."
http://www.jhrivera.com/
Just keep it off the boards
Unexpected good news is always best for pinkies....Expected news not materializing is always the worst thing. Posting when news is supposed to be announced doesn't do a darn bit of good.
dingleberry
ONYI was never getting half of USSE...and the 1.3-1 is not going to happen it appears...USSE gets the 900m for their treasury.
Dingleberry
what was USSE ever giving away to ONYI????
maybe with the PM's
we won't need the CCs lol
That is correct
every share from the LFZA days would need to be accounted for. If any "funny business" went on around the time of the merger, the audit would reveal it. It's not so easy to become a fully reporting company after a reverse merger.
King oil
The ONYI deal for me was never about the 1.3-1, it was always about getting UISSC off the pinks onto the OTC BB. Apparently, this isn't happening now.
Ok..we all should pretend
the blog isn't there.
"THEREFORE, there is NO POINT in discussing it further"
No discussion on a discussion board..brilliant!!
I disagree
From the JR blog, it is quite clear that this will not be a merger...No Merger, no OTC BB for USSE. This is not good news.
well, it sounds like
no merger = no getting off the pinks. Don't see how this can be good news...This is also not what's in the recent 8-k. Are they afraid of audited financials?
LSU
It was near the end
21:10...he states...not next week, the week after..full hour, after market hours
also at 18:48
Truthchecker is desperate..LOL EOM
Funny how PP fights back
so hard after Maximus has posted. Little scared there PP?
CashMC
That doesn't make sense..No way USSE shareholders will not end up with free trading shares after the merger is complete...
CashMc
What is your guess on the length of restriction
beanpower
(ii) USSE shall have installed and have active four reactors in its facility for the production of biofuels.
I take this as in USSE's facility.
King
I hope LFZA was clean...as every share will have to be accounted for..any "funny business" will be uncovered.
King oil
I believe the shares will be restricted, then become unrestricted when merger is complete. 8-k states "restrictive transfer legend"..not sure what that means. Read section 7.
Any and all Common Stock shall constitute "restricted securities" as such term is defined in Securities and Exchange Commission Rule 144 and shall bear a restrictive transfer legend on each certificate issued in connection with this Agreement, and shall not be subject to any securities registration rights except as more fully set forth below. ONYI shall at its sole cost and expense include such shares in the first
3
7. REGISTRATION OF SHARES
7.1 Immediately upon completion of the Audit Requirement, ONYI shall prepare, and, as soon as practicable, file with the SEC the Registration Statement on Form S-4 covering the resale of all of the ONYI Shares.
7.2. At such time as ONYI is obligated to file a Registration Statement with the SEC pursuant hereto, ONYI will use its best efforts to effect the registration of the ONYI Shares in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations:
Just skimmed the 8-k
What I found interesting is that ONYI is requiring audited financials from USSE. I thought the reason for the merger was to instantaneously get off the pinks by going the way of the merger.
Well, it appears JR can't run from the audited financials after all...which raises the obviously question...if they wanted to get off the pinks, why not just complete the financials and apply to the OTC BB?
So, now we are stuck waiting for an audit to be completed. Does it get done promptly..or will we see the endless delay game?
Oh..and by the way JR...get those other 3 reactors up...or no merger, no move off the pinks.
Interesting statement
from ACMG's CEO:
"To be honest and blatantly frank with you, I would never again take a project public through a reverse merger with a pinksheet shell. The time and money initially saved do not justify the additional costs and time consuming hurdles encountered later on. It has been quite an experience to bring this project to this point where we can now state: “we’re finally there, and still on track” … a miracle really, because we embarked onto the pinksheet path."
Not quite
March Madness sweepstakes has been canceled
China on the "back burner"
Cusip change, audited financials at least a month away.
Roll out of Function's peer to peer games at least another month
These negatives are why PLYCF is lower.
Slowtripper..again
If PLYCF got the news, OF COURSE it would have run higher...no charts needed to predict that.
bstar
get a clue..big man throwing insults behind a computer screen?
A big name JV partner announced and PLYCF would have moved higher..
Previous PR's had no meat..
Looks that way
funny how the volume and price always increase before a PR..
Think about what you just posted
If the JV was announced..OF COURSE the price would have moved higher..Doesn't take a chart to predict that.
sackmeister, Maximus already stated this
On March 5th
"To the best of my knowledge, the SSTP certs are already being printed for distribution over the coming days. It wasn't addressed in the shareholder update, as a number of follow throughs are being addressed later this week via separate communications."
well, if restricted
does it really matter?
Bottom line
Don's chart were posted continuously as proof that PLYCF was heading much higher. From my experience, these so called TA experts are no better predicting stock movements than anyone else. Sometimes they are right, sometimes they are wrong. People were reposting these charts like it was given were PLYCF was headed.
Anyone who questioned anything had their posts deleted..I'm hoping this board can now become a discussion board like it should have been from the start.
That's right
you can play tic tac toe and rock, paper, scissor too.
well, personally
I'm not going to text message anyone to play rock, paper, scissors or hangman..but then again, I don't text message anyone...lol
Another CC in 2 weeks
Garner stated another CC the week after next. There is no way he would hold another call without the JV partner to announce.
This Mark guy sounds
impressive...Peer to peer games gets revs from advertising. They want to file provisional patents before they launch...2 months. Thinks it will be huge.
Cat
After yesterday, I'll whine all I want...
What, no 800 number today?
I'm certainly not paying after yesterday's fiasco.
Any explanation why bulldog
is no longer an assistant moderator?
you are correct
the people who post the most here are flippers..why? because they are on the computer all day and obviously have the time to watch every tick..they are traders.
Also, Garner kept mentioning the "hype" around the stock and that he didn't read the message boards.. How would he know about any hype then? You are correct, it was certain posters here doing the hyping...and when I confronted the situation...my post were deleted..go figure.
I hope Garner learned a lesson
You don't announce a CC unless you have good news that is a definite. If the JV deal was not finalized, he had no business announcing a CC. He would have been better after issuing a PR stating that the CC would be held after what they were working on was finalized. I do not understand why he also held this call during trading hours..maybe the panic selling would have been minimized if it was held after hours giving people time to think and not hit the sell button.
Another lesson learned in regards to March Madness..you don't announce a sweepstake until you have permission from the entity. Why not confirm with the NCAA before you release the PR? This is basic business.
CC questions..I couldn't believe how lame some of these callers were. Many couldn't put 2 sentences together and didn't know when to hang up..they just kept going on and on.
He was trying to get Mark from Function on, and hinted to the moderator a few times, but the idiot couldn't take a hint. I think at one time he stated something like, well, if no more questions, let's get to Marc...and the idiot moderator replied that there were 3 more questions to be asked. The problem was at this point, it was just disgruntled shareholders who had nothing to add.
When the big name JV partners are announced, I believe PLYCF will move sharply up. You could tell that Garner was dying to say he name and I have no doubt we will not be disappointed when announced. Until then, who knows..probably a rocky road.
A disaster
Garner could have done a much better job at making this CC more positive..He started off with a defeated attitude from the beginning. He basically made this CC negative all by himself.
Garner sounds defeated
Jeez...no good news at all