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RE: DPHIQ...This one is kinda scary. If the old common stock is converted into the new common, then why is this tanking? If I knew for sure that the old will be converted to the new, then I would buy up a bunch of shares. Sounds like we will find out by the end of the year as to what happens with this.
Excellent idea! I think that would definately spark a lot more interest in this stock.
Level 2 is very thin this morning. 1 at .007, 1 at .01, 1 at .015, then 2 at .03! Your right, any news and this flies big time!! I hope someone gives up and fills all my orders that I have at .006,.005 and .004
I think I just learned something new this morning. I think for these kind of stocks, you shouldn't have a buy order in before the market opens. When I bought the 300K the other day, there was 3 MMs on the ask and all three were still there last night when I put my order in. They must have saw my order or something and all moved higher this morning. I have a feeling that if I would have waited till now that I probably would have gotten completely filled at .006
Question...The ibox says that Minxx is going to merge "back" into the Ziplink shell. Does this mean that Minxx used to trade under this shell in the past?
Look for another 100K buy tomorrow! :) Merger stocks seem to be hot right now. Do you think there is much of a chance that there could be a merger here with a very small reverse split or no split at all? I think this would have ran a lot harder on the last possible merger news if current shareholders would have gotten more than 5% of the new company.
Where did the "merger" rumor come from? Is there any truth to it?
It was! I'm actually trying to get around a million shares before any news comes out. I need to be more patient though. I have orders in at .005 and .004 that I'm hoping will get filled. Did you see SMXT today? It went from .005 to .45 today on reverse merger news. It would be nice to see something like that here. Hopefully we can get a merger with a small or no reverse split. Do you know why COBN decided not to be a reporting company anymore?
DMOI should rebound after losing ~50% last week. Anyone else in this one? If you look at the 1 year chart, you can see that it always seems to rebound.
LEND down big in pre market. Time to buy??
DMOI dropped ~50% last week. Should bounce next week. Check out the 1 year chart on this and you will see that volume has been consistant which is an indicator that there is no dilution going on. Pretty good buy at .0045!
This stock shouldn't be able to close at .005 because I am sitting on a 100K bid at .01 that I hope gets filled someday.
It makes me feel really good that there is no dilution going on. This stock seems like a pretty safe bet. I'm hoping that I get lucky and both my orders get filled before something is announced.
Thanks for the update! I like the sounds of this. This could be big if there is a RM with a revenue producing company with audited financials! Do you know what the current OS is and if there is any diluting going on? I have a bid in at .005 and .004 and it looks like someone just sold me 150K shares at .005 I wish that I had a bid in the other day when someone sold a bunch of shares.
Have you been able to talk to the company lately? I like this stock because it seems like there is very little to no dilution going on. I really hope we get a reverse merge with this on.
SLVO...Thanks! Now I just need to know what I should do with the $10+ Thousand dollars that I just made!
I agree! I don't mind holding, though, since this is a good shell and that there is no dilution going on.
SLVO 52 week low at .0011! Low OS stock that should move. Highest volume day has been just over 2 million shares so you know the OS is pretty low. What does everyone else think? They filed a 15/12 not too long ago.
Wow, did this hit .01 today?? Looks like I need to keep an eye on this and try to pick up some more cheapies.
OT: My MTWVQ stock woke up for the first time in a long time today. Its up 4,900%. I wonder if that one will ever come back from the dead.
MTWVQ woke up today! Up 4,900% Wonder if this will ever come back from the dead?
Anyone else buying in at these levels?
I was wondering when this would start to run! Hopefully someone knows something and that this is the beginning of a run. Good luck to all!
Wow! $3.4 Billion company to reverse merge into shell!
By Laurence Fletcher
LONDON (Reuters) - GLG Partners, one of Europe's largest hedge fund firms, has lined up a U.S. stock market listing to help it expand and hire top managers, using a reverse acquisition with a shell company that values it at $3.4 billion.
The owners of London-based GLG, which has more than $20 billion of assets under management, will receive $1 billion cash and 230 million shares of Freedom Holdings <FRH.A> common stock, worth about $2.4 billion.
GLG also agreed to sell a 3 percent stake each to the government of Dubai and German private bank Sal. Oppenheim.
Public flotations of such alternative investment vehicles have become one of the hottest areas of the IPO market.
Following the deal with Freedom, the combined company will be named GLG Partners Inc. and will trade on the New York Stock Exchange under the symbol "GLG." GLG also said it would consider a dual listing in Europe.
Shareholders of Freedom -- a "blank check" company set up in Delaware last year with no products or customers solely to buy existing companies -- will own about 28 percent of the combined company. Current GLG stockholders will own about 72 percent.
"This strategic transaction is an important step in building GLG's global business, affording us the opportunity to increase brand awareness and expand in major targeted markets, including the U.S., Middle East and Asia," GLG founder and Co-Chief Executive Noam Gottesman said.
"In addition, it will provide us with a publicly traded equity currency with which to compete for, retain and incentivize the most talented and sought-after professionals in our industries and pursue our growth strategies."
Gottesman will become chairman and co-CEO of the combined firm and his co-CEO Emmanuel Roman will keep the same role.
GLG follows a wave of investment firms to public markets. Fortress Investment Group LLC <FIG.N> became the first U.S. private equity and hedge fund firm flotation in a debut that saw its shares soar 68 percent on the first day of trading.
Brevan Howard Asset Management, however, launched an IPO in March of its BH Macro Ltd. <BHMG.L> hedge fund in London that raised 23 percent less than originally targeted.
Meanwhile, Man Group <EMG.L>, the world's largest listed hedge fund firm, is to float its U.S. brokerage arm, with an indicative valuation of between $4.6 billion and $5 billion in New York, while activist U.S. hedge fund Third Point plans to list one of its funds in London.
GLG is Europe's third largest hedge fund manager behind Barlcays Global Investors and Man Investments, according to the Alpha hedge fund trade magazine. It operates more than 40 funds, as well as managed accounts for high net worth individuals and institutions.
The deal is subject to shareholder and regulator approval and expected to be completed in the fourth quarter.
Perella Weinberg is advising GLG and Citigroup is advising Freedom.
Thanks for the update! It sounds like we could be close. I'm sure the people that are selling right now will regret it soon. Wish I had some extra money on hand to try and pick up some more shares at .005
Let us know what the CEO has to say if he returns your call. Hopefully he will give you a good update. Yea, if I were you I would probably keep a buy order in at .005 instead of buying at the ask unless you know of something that might be coming soon. As time goes by without any news/updates, people will eventually give up hope and sell at the bid to move on to other stocks.
Wouldn't mind picking up some more shares at the .01 -.02 range! I don't think it will happen though.
Awesome chart! Just a matter of time with this one. I'm going to be very very patient with this one because I know the rewards should be really good here.
Hopefully we will get our news here soon to help tighten the spread to, lets say, .75 x .76! :)
I wonder when we might get some news here? Hopefully we will have some merger news soon.
SLVO...Did anyone listen to me yesterday and buy up shares at the .005 Ask? If so, you and I are up 100% today! Lots of room left to run. Check out the chart. Very low float!
Just a matter of time for history to repeat itself, IMO. I'm just going to be patient and hang on to this because I think this stock is going to run real hard someday.
SLVO...Very good deal at .005! Very low OS! Check out the chart and you will see the "W" thats forming like what TNOG did a couple of years back and what OGTX did!
Got filled 100K COBN yesterday at .007! Waiting for R/M news
Got filled 100K at .007 today! Too good of a deal to pass up.
I've got a buy order for this that has been sitting at .007 for a while. Hopefully it will fill before any merger news comes out.
Just printed .20!!!!!!!!!
I agree...I have never seen a stock trading at .000x move up so easy with small volume. You can tell that the float is super low on this.
Market cap is still only ~200K Lots of room to move up from here! It would be awesome to get news of some, lets say, $20 millon company that wanted to reverse merge into this one! -)
There is no doubt in my mind that this will run hard someday. Its just a matter of when. Has anyone been able to get in contact with anyone from the company?
Now we just need the bid to catch up ask so that we can work our way to dolllar land. Ameritrade shows the B/A at .05 x.20