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Best to read the link posted by William2112 post# 11296
It explains about 15-12g filing and the merger process that might be taking place "in the dark"
15-12g
Sent in my request. Thanks!
LOL means a few different things
c) For purposes of this Agreement a " Change in Control " shall be deemed to have occurred if, on or after the date of this Agreement, (i) any " person " (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company acting in such capacity or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, becomes the " beneficial owner " (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than 50% of the total voting power represented by the Company's then outstanding Voting Securities (as defined in Section 10(f) hereof), (ii) during any period of two (2) consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company's stockholders was approved by a vote of at least two thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of related transactions) all or substantially all of the Company's assets.
That is a tough decision to make, glad I don't have to make it as I've been in and have been waiting patiently.
Contract ends 6/30. 90 day grace period ends 6/30. We'll see what happens til then.
Yes, and maybe a little Texas, Colorado, and some others as well. Something significant since the latest filings. Doubt he'll give anything useful.
Probably say something like "We're always looking to expand" and nothing more.
If Mr Szot was asked if MSTF made any significant progress towards becoming a "nationally recognized healthcare staffing company" , I wonder if he would give a meaningful response?
I'd like a kind sample, just can't PM.
You can have my Coronas and I'll even throw in some lime!
Good to hear from you buddy. I agree, they are on their own schedule and timing. Like I said --it may happen any time or it may not happen at all. At this point, if they are going follow any specific timing the 90/60 day would be my guess. But then again, it's like trying to guess what play Peyton Manning is going to call next. I'm just glad we have a "Peyton Manning" calling the plays, as you'll usually win.
MSTF filed 15-12g March 31 to delist and "go dark".
Under SEC guidlines, a corporation has a 90 day period after filing a 15-12g in which it can voluntarily withdraw the 15-12g. Once the 15-12g is withdrawn, it then has 60 days to file everything that the 15-12g exempted from filing.
There is speculation of reverse merger. A simple extension for filing would only give a few extra days. This plan gives much more additional time during which conversions can take place without drawing attention. I am not an SEC expert, this is just my understanding based on much DD. I still think this is a good but highly speculative play. I do think that we will likely see conversions through the full 90 day period. Then a reinstatement filing may take place with details to follow some 30-60 days later. Of course, it may happen at any time or it may not happen at all. With the Walters/Moore et al. I'm betting it will.
Likely for just under 90 days following the 15-12g
Great start of possible things to come!
Yes just imagine the buzz --- and the few of us here on ihub will certainly have a unique perspective of things as we watch it all unfold. Time will tell. Hopefully it will surpass our speculations.
I agree. I sure hope to see a nice sustained trend reversal.
This is quite a puzzling situation. I am gambling that the conversions will stop. Walters/Moore are likely looking to make millions through mergers/acquisitions. The way to do that would be to grow the corporation with M/A, roll it up, carve out any unwanted extras, and position the final product to be listed on a larger stock exchange. Too many additional conversions might adversely affect this. The M/A deals usually take 3-5 years to complete, and they have been at it awhile. Hopefully, we are coming to the big roll out.
I too am hopeful for something extra to celebrate about on July 4th. If they file to voluntarily withdraw during the 90 days, we still may not know all of the details for another 60 days after that withdraw date.
It sounds as though they plan on using the full 90 day period to complete conversions. At the current conversion pace I would expect about 80 million shares to be added during the 90 day period. Remember that if they do voluntarily withdraw the delisting during the grace period, they still have an additional sixty days in which to file the reports that would have need to have been filed April 1st. All speculation though -- we will see what happens.
Just remember -- there is a difference between 20 years of experience and 1 year of experience repeated 20 times.
Ready for a wild ride? Locked and loaded with my .300 RUM
Thanks for your input. You have provided many new, insightful thoughts and ideas. Thanks!
Walters/Moore have Pham as CEO. How many do you need?
This is a speculative play. It may or may not work out. You must have patience, fortitude, and an ability to lose money in order to be truly comfortable playing this stock. I feel the there is sufficient factors in play to gamble on this. It is up to you to determine your choice. I am not intent on bashing, pumping, insulting, bragging, or anything else, just calling it like I see it. I may be wrong and if I am, Oh well, I'll just move on to the next one. If I am right, then great, I'll move to the next one.
Some speculation about Accentcare, also possibly an acquisition/merger play involving Sanspar Solutions, Lathian Systems, Datalogic, and additional corporations. In either case, MSTF could end up being a corporation with annual revenue of $125-250 million. All speculation of course. Check the posts of William2112, $oldierHard and some of the others for more insight.
R/M (reverse merger)-- news? possibly this week but no way to know for sure -- expectatation just based on previous SEC filings regarding various agreements ending on May 11th.
A lot of DD done by folks on this, could be big if all falls into place.
I didn't see any either. That could be very promising. We shall see!
See a conversion today?
Is it possible they will stop the conversions at least three days prior to the 11th to allow the conversions to settle and thus we may not see a conversion today? -- that is if they are completed.
Hopefully conversions are done and while the dust settles the pps will slowly climb prior to the unveiling. Tomorrow, we may see. Another conversion or not?
MM's not walking price down? conversions possibly completed?
Let's see if any conversions take place tomorrow.
Could MSTF be nearing the completion of acquisition/merger phase and possibly in the process of going to a new symbol?
This seems like a promising partnership for WNBD. Udry has a good model to follow, but the stock price has not been a reflection of success. This may be related to one of Udry's founders passing away recently. A national retail dry cleaner using Smart system would be great but I don't think U dry is at that scale yet. Maybe in the future (years not months) this type of partnership will provide expansive growth for WNBD.
Check out the personal attributes for that position --
"high sense of urgency!" LOL
I think the numbers are a reasonable speculation. It is difficult to know what the earnings multiplier will be at that time. Also the production factor increase is not clear, but using 10 seems conservative. So there is some conservative speculation in the math, and I agree with the math.
As to the numbers--
1 Kg = 2.2 lbs
1Kg = 1000 gms
1 oz = 28.35 gms
1 troy oz = 31.1 gms
therefore 1000gms/28.35 = 35.2 35.2 x 450 = 15,840
1000gms/31.1 = 32.15 32.15 x 450 = 14,467
As you can see calculation only varies slightly depending on which ounce is used. But with the speculation built into the calculations, the difference is insignificant. Basically, measuring with a micrometer, marking with chalk, and cutting with an ax.
it is.
Smart is one thing, but I think it will also take great patience and nerves of steel to see this through.
I believe that they can then return to the OCBB -- or -- if they meet certain qualifications ( share float, price, shareholder numbers etc) apply to list on a higher exchange.