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one thing that just dawned on me, after reviewing this again...
if they plan to sell the company for 1.8m (restricted) common shares plus some financing..
they must think the common shares are going to be worth a lot more than where this is sitting today.
if the r/s was cancelled, and this acquisition is being structured potentially with only 1.8m restricted shares, this looks pretty non-dilutive, as best as I can tell so far. still studying
On April 9, 2015, Siga Resources, Inc. (the “Company”) entered into a Letter of Intent whereby it will sign a definitive earn-in agreement to acquire 100% of Flex Mining Ltd., a Delaware corporation (“Flex Mining”), through the issuance of 1,800,000 restricted common shares, $10,000 payable within six months and a capital expenditure of $1,000,000 on the property over three years. Flex Mining owns 100% of six mining claims named the Big Monty located in the historic Abitibi Greenstone Belt region of Ontario, Canada.
that was part of the transaction that expired, it appears as far as I can tell so far.
never happened right? wasn't that part of the terms of the goldlake acquisition terms they let expire end of year as it turns out?
from today's 8K
http://ih.advfn.com/p.php?pid=nmona&article=66338098
On November 25, 2014, the Company previously announced a Letter of Intent whereby that it would be acquiring 100% of the issued and outstanding shares of Gold Lakes Corp. on or before December 31, 2014. The Company has decided not to proceed and the Letter of Intent has expired.
Item 1.01 Entry into a Material Definitive Agreement.
On November 25, 2014, Siga Resources, Inc. (the “Company”) entered into a Letter of Intent (the “LOI”) with Gold Lakes Corp. (“Gold Lakes”). The LOI sets forth basic terms and conditions whereby the Company would acquire all of the issued and outstanding shares of Gold Lakes pursuant to a Share Exchange, which would result in Gold Lakes becoming a wholly owned subsidiary of the Company. The Company would issue 25 million shares of common stock to the current holders of Gold Lakes in exchange for 100% of the issued and outstanding shares of Gold Lakes. The Company would also effect a name change to Gold Lakes Corp. (www.goldlakes.com), a ticker change, a 200:1 reverse split, and commit to $1 million in financing over the next three years. The Company is currently conducting its due diligence and the parties have agreed to enter into a Definitive Agreement by December 31, 2014.
SGAE 002 +163% 2.9m vol, 8k today
no r/s now? 8k says gold lake deal expired.
Item 1.02 Termination of a Material Definitive Agreement
On November 25, 2014, the Company previously announced a Letter of Intent whereby that it would be acquiring 100% of the issued and outstanding shares of Gold Lakes Corp. on or before December 31, 2014. The Company has decided not to proceed and the Letter of Intent has expired.
NSEH 0001x0002 78m volume
NSEH 0001 42m volume in blocks
UAMM 0022 +57% from
yesterday
UAMM 0014 +55% 2.4m vol
IMTV 0005 some buys
thanks, was wondering why it was moving up
UAMM 0014 +55% 2.4m vol
DIRV 0048 +37% 1.7m vol
yes sir. very successful no doubt.
Long story short, he's legit
found the meeting in West Midlands you mentioned. same town as the reinstatement address.
https://www.zen.co.uk/latest-news.aspx?page=12024
Zen Internet Partners celebrate awards at 5th annual event
Zen Internet recently held its 5th Annual Partner event which included an award ceremony to recognise the success of Partners over the last year.
A record number of Zen’s key Partners registered for the event held at The Belfry in the West Midlands, a fifth of which were prospective partners looking to join Zen. The aim was to help Partners understand how to make the most of Zen’s portfolio of products and services, as well as discussing trends in the market place and time to network with key stakeholders in order to provide feedback into future product developments. There was also a unique opportunity to shape Zen’s roadmaps in 2 collaborative product and systems workshops, alongside a futuristic session on emerging technologies within the Channel.
The day opened with Richard Tang, Zen’s Founder and Managing Director taking Partners through the company strategy and Zen’s continued commitment to the Channel. He shared exclusive insights into future plans for growth, demonstrating Zen’s ability to be a trusted and long term strategic Partner.
so far seems like one of two
possible Tangs, one in the UK, one in Canada.
but I guess they must have formerly had a lot of business
in the UK, so it seems in the ibox,
and the reinstatement form
says the UK. hmm.
except for the change in officers,
so some changes are in the air.
usually the best clue to follow is a new ceo.
and see where that leads in DD.
that's what I had been thinking. but when exactly
did the UK address show up? was it always there?
this is the zip code
https://www.google.com/search?q=B721UJ&oq=B721UJ&aqs=chrome..69i57j69i59l2&sourceid=chrome&es_sm=0&ie=UTF-8
a list of companies in that zip
http://www.endole.co.uk/company-by-postcode/b72-1uj
was thinking maybe it was something else, but the
UK address has me wondering if you might be guessing right.
but if this were it, it sounds big enough
to do a more traditional ipo instead of a r/m on the OTC.
https://www.zen.co.uk/about-us/history-of-zen.aspx#2011
We have grown to over 420 employees and provide services to over 90,000 customers. We continue to focus on our mission to provide the best ISP service in the UK, whilst expanding our range of products and services for both business and residential customers.
Is this who you're guessing is the new CEO?
It does mention private company as well.
So you are guessing this co. might be
a r/m candidate or something else by him?:
https://www.zen.co.uk/about-us/overview.aspx
this one sure is building strength today
CSOC 002x0024 at new 52wk highs today
another one in the same space
someone posted here, that got a little accumulation yesterday
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112245193&txt2find=mrnj
any reason NWGC 0015 under accumulation?
LGBI 002s nice call
a filing too today
LUSI ut 0001x0002 31m volume
LUSI 0001 volume
10K out
anyone else find the lack of selling odd? this was a steady drainer from mid 02s to 002s til that 8k hit
curious lack of volume today. no bidwacking.
so far anyway.
UWRL 0062 +181% 977k vol, 8k out earlier
congrats. big gainer on the new filing
long term capital gains with future reverse merger
that occurred to me too
and possibly a new merger partner? that's what this is sounding like so far...
the Company is withholding the 15,000,000 shares of its Common Stock due to the shareholders of Vitall, Inc. under the original Agreement. If the matter is not resolved, the shares will be cancelled.
The Senior Products Home and Life Expo is the premier event designed to give boomers, seniors and caregivers three days of information, resources and entertainment all geared toward building and enhancing the quality of life of you and/or your loved ones.
Spend the day socializing, learning about the senior friendly products and services available in your community, watching some Pickleball and just having fun.
Come and see what’s in store with senior friendly home and life products and services all under one roof.
Location
Suburban Collection Showplace
Exhibit Halls B & C
46100 Grand River Avenue
Novi, Michigan.
I found it here also:
http://sphle.com/partners-sponsors/
had not done any googlesearches, until you mentioned not finding it elsewhere
thanks