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Awesome!! Thank you for sharing!! Member marked you due to your credibility!!
I am a large share holder, so I'm not bashing...just stating it like it is based on my observation!!
I'm not sure why the IR is implying a Purchase Agreement is a done deal and saying to re-read the 8k. The 8K DOES NOT in any way indicate the merger is complete. As a matter of fact, it clearly states it has NOT finalized yet in ITEM 1.01 (very first page of the 8K)...
I DO have a question though...Why not post a screenshot of the email(s) supposedly sent, verses a copy paste of the text, which doesn't prove an email from the IR truly exists?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10927638
The Purchase Agreement contains standard representations and warranties by the parties to the Purchase Agreement and certain closing conditions (This means it has not closed on the deal as of this 8K release!!), including receipt by the Company of audited financial statements of UMS.
The Exchange will close (Another clear statement it hasn't closed as of this 8K release)) on the third business day after the first date on which all closing conditions have been satisfied or waived, or such other date as the Company and UMS mutually agree in writing.
Pursuant to the terms of the Purchase Agreement, the Purchase Agreement may be terminated as follows (I'm pretty sure you can't just terminate something that has already finalized and closed unless there is evidence of fraud that would void the purchase contract after the close, but even then, that most likely would require involvement of it being settled in a court.):
- By mutual written agreement of the Company, Mr. Lee and UMS,
- By UMS, if any Company representation or warranty fails to be materially true or correct, or if the Company has failed to comply in a material respect with any covenant or agreement in the Purchase Agreement,
- By the Company, if any UMS representation or warranty fails to be materially true or correct, or if UMS has failed to comply in a material respect with any covenant or agreement in the Purchase Agreement,
- By UMS, if the Company of any Company affiliate incurs or is affected by a violation of any laws relating to the purchase, ownership or distribution of securities,
- By the Company or UMS at any time after December 15, 2015, upon notification to the other parties to the Purchase Agreement if the closing of the transactions contemplated by the Purchase Agreement shall not have occurred (Yep! Once again clearly states the closing hasn't occurred) on or before December 15, 2015 and such failure was not primarily caused by a breach of the Purchase Agreement by the terminating party, and
- By the Company or UMS if there is in effect a final, non-appealable order of a governmental agency restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated by the Purchase Agreement.
MarketClub’s Trade Triangles for BRWC:
1. Long term up The long term trend has been UP since Sep 25th, 2015 at 0.0013
2. Intermediate term up The intermediate term trend has been UP since Sep 14th, 2015 at 0.0009
3. Short term up The short term trend has been UP since Oct 5th, 2015 at 0.0011
Smart Scan Analysis for BRWC:
Based on a pre-defined weighted trend formula for chart analysis, BRWC scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
Here ya go...
Seaniemac International Ltd:
https://twitter.com/seaniemac_com
Shane O'Driscoll:
https://twitter.com/odriscollshane
Tweet from Shane regarding filings:
@BentleyPicks very close to filing. Matter of days. Much good news to follow
— Shane O'Driscoll (@odriscollshane) September 22, 2015
Lol...I was wondering the same thing!!
Didn't VW just do that, or something similar!! Bahahaha
I think we will be fine, old news, just specific details concerning what happened to the shareholders.
I wonder why he doesn't have to pay any restitution to the companies, for the work he was paid to do and didn't, the damage he has caused the companies, and the immediate future damage he may have caused.
Ugh!! Tired of the 11's already...let the 12's go!!!! Peeps WILL buy the 12's!!!
Agree!!
If peeps sitting at the 2's were smart, they would move their sell orders up to a higher pps with the current status update and most likely pending news.
Yep!! Hope for 1's, but will settle for 2's if need be.
Unfortunately, with the share structure the way it currently is, I don't expect to see that pps unless the SS is reduced either through a share buy back or the dreaded R/S and tons of news!!
I'm still going to take my chances on the .0001s. I submitted my order several hours ago, so hopefully, I'm not too far in line and there are still some available at open.
I currently only have a 3M starter position. Needed to wait for more funds to clear...I don't like putting unsettled funds on .000x lotto plays. Need to be able to bail immediately if it takes a turn for the worst!!
I wasn't sure if it would flip tonight or tomorrow night (was hoping tomorrow night, funds cleared tonight). Decided to watch just in case. I have a feeling my additional .0001s I submitted earlier tonight won't fill in the morning. I was going to attempt to round it off to an even 10M. I guess we shall see if I'm going to have to change my order to hit the ask at .0002.
I was up doing something else while monitoring OTCMarkets to see if it was going to flip over tonight.
DNAX is now CURRENT!!!
www.otcmarkets.com/stock/DNAX/quote
That's what I'm hoping the countdown clock on the website's news webpage is telling us!!
1 Day; 0 Hours; 59 Mins
Thanks for the history lesson. Better get ya some shares Monday morning!!
So, since the A/S is currently 5B, that would put him owning 50% of the company!?! Ohhhhh ssssuuurrre, IIIII beeeellllieeeevvvvve hiiiiiimmmm!! <wink> <wink>
4 days, 15 hours, 21 minutes until the News page is updated!!!!!
Could it be something HUGE??? The NEWS we've all been waiting for???
Only 4-1/2 days and we will find out!!!!
http://betting.seaniemac.com/
That is my thinking as well.
So, based on countdown clock on BETS website, possible news on Monday, 21 Sep????
http://betting.seaniemac.com/
According to the Interim Financial Report, period ending 30 Jun 2015, filed on 9 Sep 2015, the SS a/o 31 Aug 2015 is...
A/S is 6B; O/S is 4,598,345,165
It also states "The Company is contemplating increasing the number of authorized common shares to 10,000,000,000."
http://www.otcmarkets.com/financialReportViewer?symbol=DNAX&id=144386
Hopefully, that doesn't happen. It would be nice to get some HUGE news to help lift this out of the heavily weighted trips.
Excellent post Joey!! I think most of us have lived this at least once, if not more than once (me). You just hope you learn from your mistakes before you run out of funds to try again.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116944766
That is Mike Holley's home. That info was in the last 10k
I hope he has some grass on the lawn by now.
The business sounds very economical.
They can get an expensive office building as the business grows.
Can you say "coordinated dump"? Thanks guys!!
Products are typically purchased at wholesale pricing for resale in stores at retail prices; not purchased at retail prices to resale at a jacked up retail price. That tends to make the product too pricy and less desirable by the customer.
These cases, both on the company's website and Amazon, are being sold at retail price; not wholesale prices.
Joe, So...Was the dump early this week your answer?
I wonder if someone has hacked the market!
E-Trade isn't working either. Also, my iHub L2 and watchlists are all screwed up too.
Punch flavor is 12pk for $35.99 ($3 each) not badly priced! Available 5 Sep 2015. You can pre-order right now on their website.
http://bev.highperformancebeverage.com/?product=punch-2
I was just meaning that the action started closer to 2:00 and the effect was already pretty much set in by around 2:20. They drove it from .0018 down to .0012 in no time at all. Moved the +32M down one tick each time the bid cleared out at the next lower pps.
I wasn't trying to be a smart ass or anything!
A +32M wall on the Ask by ETRF that walked the Bid down. Then, once ETRF moved the large Ask up to .005-something, CSTI put up a large Ask about the same size and drove it on down to .0012. Manipulation at it's finest!
And actually, that started around 2pm CST