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DMTN (.10) D Mecatronics Inc.: Lesko Receives Board Approval to Purchase D Mecatronics
Monday, October 15 2007 9:58 AM, EST PrimeNewswire "PrimeNewswire "
MISSISSAUGA , Ontario , Oct. 15, 2007 (PRIME NEWSWIRE) -- Bernardino Paolucci, Chief Executive Officer of D Mecatronics Inc. (Pink Sheets:DMTN), is pleased to announce that the company has received a final purchase offer of $0.49 per share for all of its outstanding shares of the company. Mr. Paolucci comments, "I will be recommending to D Mecatronics board of directors to accept this offer and to call a shareholders meeting as soon as possible for their ultimate approval. The board will be sitting Monday and Tuesday and it will announce its decision Wednesday AM."
About D Mecatronics Inc. : (http://www.dmecatronics.com/)
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.
The D Mecatronics Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2180
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission .
CONTACT: D Mecatronics Inc.
Dino Jr. Paolucci, Director of Public Relations
(905) 672 - 5659
Cell: (905) 399 -9814
dinopaolucci@rogers.com
www.dmecatronics.com
50k premarket?
Why is scottrade showing me 37 x 38?
Not 200k, a 200 share trade at .0036 and .0035 were recorded at 15:23. Then 180k went at .004.
They keep dropping the ask after a buy.
A mirrored 200 share trade?
MM's are lining up at .004 waiting on NITE to move
GBDX slow and steady rise, very thin to .005
They are moving the bid/ask all over the place.
where you getting that from?
BxA tightening 12x13
MDEA chart is starting to look just like that.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23195434
Amen to that. Im down on this play right now but its only my fault.
Volume picking up. Ask keeps trying to goto 18
More MM games. 186 shares traded at the bid. 187 share trade yesterday to try the same move then rallied after lunch. I look for the same movement. Wish I had free funds to buy some down here.
I wish NITE would let this trade fairly
That was weird. 10k and the whole thing shifted.
Perfect. Setting up for tomorrow.
Did that drop to 14 on the bid after close happen due to NITE dropping to 14 or from them closing?
MDEA great add at .011 you saw the bounce coming. .03 by lunch
MDEA up 66%
MDEA up 66%
MDEA bouncing up 41%
MDEA bouncing up 41%
Nice buy, and just like that ASK UT
Bid is going up. Need the ask to get hit a bit.
Bid keeps moving up, just need some ask slappin.
My sentiments exactly. Im going to miss the opening bell but hopefully Ill be back to see the break of .04
Anyone have the scoop on (t) trades after the bell? 75k just now. Is that a way MMs play with a stock and clear orders after the bell?
Im holding.
MDEA bid movin up .022x.024
I dont understand how they keep taking the ask down after buys?
MDEA .025s fallin fast
Gotta be NITE, bid moves right back up to try to shake more. Setting up for a great afternoon.
Ive got MDEA @ .033x.035
Wow, really trying to entice selling arent they? They arent gettin mine
MDEA Gappin .04x.045
Mornin MOMO great chart work on MDEA! .035 is a great entry point today if anyone can get some.
See you all tomorrow. Should be a good way to start the weekend.
Well it looks like they may have gotten some today so they should let this go tomorrow.
3rd try to break 4. I think this is the one.