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I'm givin this one more week for audit numbers, that's it for me
a little volume here, and this will fly jmo
That was a good buy like 70,000 @ .034
That was another good one, they posted 266,000 in trades, then pulled it back to 196,000?
.03 x .034 let's see if arca drops the ask again
it finally moved to .03 x .032
Could be there is a large trade going through, but I doubt it?
.03 x .03, only one trade in the last 15 minutes, I don't get it?
bid and ask are both at .03 for some time now, but no trades, why would that be?
check the ibox above
Today for news?
.031 x .034
how do they post 200,000 in tradees then back it down to 100,000 5 minutes later. I don't get that?
some volume coming in, could we get news today?
I missed it who left the board?
I gotta believe we get at least an update today.
I think we will see some more buying here today, L2 looks busier
In October of 2006, the Company signed a term sheet, subsequently amended on
September 18, 2007, with Trinad Capital Master Fund Ltd. (the "Plan Sponsor") to
sponsor a Chapter 11 plan of reorganization, which was filed with the Bankruptcy
Court on January 15, 2008 ("Plan"). The Plan identifies NorthStar Systems
International, Inc. as a potential merger candidate to be merged into the
Company ("Merger Candidate"). Under the terms of the proposed Plan, the Plan
Sponsor would pay $500,000 to the Company's estate, and creditors of the Company
would receive a pro rata cash payment and stock consideration in the newly
merged entity. The aforementioned consideration would be distributed to
unsecured creditors of the Company under the proposed Plan. If the existing
unsecured creditors of the Company approve the Plan, the creditors and the
existing stockholders of the Company would own approximately 6% and 1%,
respectively, of the merged company; provided, however, that in the event that
the unsecured creditors vote as a class to reject the Plan and the Plan is
confirmed under the cram-down provisions of Section 1129(b) of the Code, the
creditors and the existing stockholders of the Company would own approximately
4% and 0%, respectively, of the merged company. The merger contemplated by the
Plan would be subject to various closing conditions including, without
limitation, (i) confirmation of the Plan, (ii) the negotiation and execution of
definitive documents in form acceptable to the Plan Sponsor and the Merger
Candidate, (iii) the satisfactory completion of the Plan Sponsor's due diligence
on the Merger Candidate, and (iv) the absence of any material adverse change in
the business of the Merger Candidate. The merger would be consummated pursuant
to a merger agreement, which would contain, among other things, detailed and
appropriate representations and warranties, affirmative and negative covenants
and closing conditions customary for transactions of that type. The Plan Sponsor
may withdraw at any time prior to the confirmation of the Plan and gives no
assurance that agreement will be reached with the Merger Candidate with respect
to the terms of such merger agreement.
watch tomorrow BAMMMMM, 7am PR
Fingers Crossed
getting some hits, maybe finalization of the courts approval of the debt for shares is coming
thanks
.03 x .033
Ant, what's your stance on PWREQ at the moment, is it dead or what?
Any insight would be appreciated.
Thanks
I know that, but I believe even you in one of your prior posts said you thought we would have numbers in late February, and that was after the eccommerce deal. I'm just very eager here. That's all. I'm not the greatest at the waiting game. i know bad characteristic, oh well.
It's just frustrating, that's all. I, like many, really want to know the true value of the new company.
This was originally suppose to be done in January, now some 3-4 weeks later, we still sit. I understand the additional company to audit, but they must have my accountant working at a snails pace? go figure?
What do you here? Anything?
have you spoken to Linda since Friday? any word?
where's the audit numbers?????????????????????
up to.004 maybe an update on the merger soon
some loading going on here today, maybe something is coming soon?
bid at .033, maybe somethings cookin
Where's the audit numbers, com'on already
friday news would be awesome
but would they have to file if purchased ahead of the merger or before any official announcements per say?
hey trading, who do believe did the buying in January? The Europublic or Atlantic insiders?
Again Mkt. I believe Atlantic was the January buyer.
That's not what I'm saying, I'm saying that Atlantic bought those shares in January, not the European public.
I think it's time to back up the truck....last call
also, that would help if they wanted to retire some shares after the merger, they may already have them, cheap