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q3 financials - quarterly report received 10/10/08
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=18158
"Additionally should the all cash deal for PP365 materialize the MonArc management is currently entertaining the idea of paying part or entire cash amount to its shareholder base, or shareholders on record since about spring of 2008."
news: 10/21/2008
MonArc Corporation (MONA) Update PP365 Sale of Assets to (RMDM) Cash Dividend
BEIJING, Oct. 21 /PRNewswire-FirstCall/ -- monacorporation.com PINKSHEETS: MONA.PK is providing the following update vis-a-vis sale of its operating subsidiary PP365.Com to RMD Entertainment Group Inc. (RMDM). MonArc Corp. recently announced that it is currently in discussions to sell both of its operating divisions PP365.Com (China game developer) and its rights to Innotrek (A China based broadband provider) on a cash and stock basis to RMD Entertainment Group Inc. (RMDM) http://www.rmdmgroup.com/. As previously announced, MonArc Corp. did close the transaction with RMD Entertainment Group on the Innotrek transaction. Over the past weekend MonArc management received an unsolicited all cash buyout proposal for the assets of PP365 from a completely separate and unrelated entity. The unsolicited, all cash buyout proposal comes literally in the 11th hour as both MonArc Corp. and RMD Entertainment were ironing out the final details of their transaction, and final preparations to close the deal were being done.
Mr. Yang, a spokesperson for MonArc, said, "We have a fiduciary duty to our shareholders to examine every proposal and to make a determination as to what is in the best interest of our shareholders. The agreement between MONA and RMDM contained an escape clause for the benefit of MonArc Corp. should another buyer come forth before the closing of the transaction with RMD Entertainment Group. That contract, and clause was drafted by Mr. Winters. It also contained a non conflict of interest clause as Mr. Garr Winters acts in the capacity of a secretary with MonArc Corp. and an interim CEO with RMD Entertainment. Mr. Winters added, "It was my sincere wish that PP365 take off sky high with RMDM as it really never received the respect in terms of price per share with MONA that it deserved. This all cash proposal caught all of us off guard, but needless to say the MonArc management is pleased to have had the opportunity to entertain this new proposal from a separate buyer. MonArc management is continuing its due diligence process for the Peru South America mining company merger, regardless."
Mr. Wynn Wang, CEO of RMD Entertainment Group, said, "Based on what we have been presented with, we cannot match the all cash offer to MonArc for PP365. If the all cash buyer does come through we wish them well. If that deal does not happen we would still be interested for PP365 on the same terms as previously presented. At this point with Innotrek and the Australian game maker on our plate we have more than enough to keep us busy. I just wish to use this opportunity to extend our gratitude to all sides for an absolute positive and professional conduct from all concerned."
Mr. Yang, a spokesperson for MonArc, said, "Obviously if the cash deal for PP365 does come to a fruition, the dividend due to MONA shareholders from RMDM will only be for the purchase of Innotrek and will be prorated accordingly. Additionally should the all cash deal for PP365 materialize the MonArc management is currently entertaining the idea of paying part or entire cash amount to its shareholder base, or shareholders on record since about spring of 2008. At this point this topic is all very preliminary, and in its infancy. Should the all cash deal come to fruition, this will be the 6th dividend in cash and stock MONA will have paid out to its shareholders by December 31, 2008.
It goes without saying that for a Pink Sheet company this is unprecedented and being an unsolicited stock for one is simply beyond the grasp of many in the industry. MonArc Corp. is truly a unique and one of a kind company."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
For corporate matters contact:
CONTACT: For corporate matters contact:
DATASOURCE: MonArc Corporation (MONA)
CONTACT: For corporate matters contact:
NEWS : 10/13/08
MonArc Corporation (MONA) Announces Planned Sale of Assets to (RMDM)
BEIJING, China, Oct 13, 2008 /PRNewswire-FirstCall via COMTEX/ -- monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the company is currently in discussions to sell both of its operating divisions PP365.Com (China game developer) and its rights to Innotreck (A China based broadband provider) on a cash and stock basis to RMDM Entertainment Group Inc (RMDM) www.rmdmgroup.com
MONA management has also identified a new possible operating subsidiary in the exploration industry. The MONA management intend to release further info on the exploration deal including posting pictures of the infrastructure shortly.
As previously announced MONA intends to pay out the proceeds of this transaction to its shareholders in a form of a 1 time special dividend. This will be the 5th dividend in cash and stock MONA will have paid out by December 31, 2008
For corporate matters contact: corporate@monacorporation.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: For corporate matters contact: corporate@monacorporation.com
SOURCE MonArc Corporation (MONA)
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
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KEYWORD: Ontario
INDUSTRY KEYWORD: OTC
good morning, here is a letter from CEO 09/29:
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17319
HERE WE GO WITH A SUPER NEW FILING THIS AM:
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=17314
good morning from germany with that nice news today.
can sbd. please give us an update of the current realtionship between mona and glcc?
good morning from germany with that nice news today.
can sbd. please give us an update of the current realtionship between mona and glcc?
thank you very much
@captainD2U
waht do you mean by :
Anxious to see October.Regards,CaptD.
thanx in advance
keep on buying in germany, you get them for 0,006€ , just a question how long at this low level
wow, look at this scentense:
Mr.Garr Winters, the company's Secretary added, "Our stock target price aim is as close to the post reverse stock split price of 0.20 cents per share or as close as we can get to that goal. We acknowledge that there will be flippers and profit takers along the way and rightfully so, however plans and measures are being implemented as we speak that will see the greatest reward and return returned to our long term followers which is long overdue.
news :
MonArc (MONA) PP365.com Completes Online Multi-Player Online Combat Game
BEIJING, Sept 04, 2008 /PRNewswire-FirstCall via COMTEX/ -- MonArc Corporation, www.monacorporation.com, (MONA.PK) the issuer is pleased to announce that its PP365.com Division has completed online debugging of its new multi-player fighting game, which has been developed entirely in-house. The online debugging process is a significant step that ensures the play functions work properly when accessed over the Internet.
The next step in launching the game will be stress testing of the servers, to ensure that the software/hardware combination can handle heavy traffic loads without crashing or otherwise impairing program function.
MonArc Corporation CEO Yong Chen advised, "We are making steady progress in the launch of this fighting game. Given the complexity of the programming, coupled with the need to build a hardware platform that can handle large traffic loads, this project is moving along very smoothly. We will continue to provide updates as we progress towards the launch of the live program."
In other corporate news the issuer has completed the shoot for its multimedia advertising campaign. A sample of the interview will be posted in the next few days on the company's web site. The company being a dually listed issuer, has received assurances from its backers that the intention is to expand and broaden the marketing reach outside USA to include Canada, UK, Germany and parts of Asia.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: corporate@monarccorporation.com, Tel: (702) 508-4172
CONTACT: CONTACT: corporate@monarccorporation.com, Tel: (702) 508-4172
SOURCE MonArc Corporation (MONA)
www.prnewswire.com
Copyright (C) 2008 PR Newswire. All rights reserved
-0-
INDUSTRY KEYWORD: OTC
SUBJECT CODE: ZHA
OPENING in Frankfurt exactly 9am at 0,013euros = 0,019us$
just some facts from trading in germany to let you know:
trading volume so far : 20.135.137 , still 5 more hours open
last trading-volume: 4.262.164 with 0,007 Euro = 0,0103 US
bid is 0,005 Euro, ask 0,006 Euro
Euro/Dollar = 1,4797
Very hugh volume today in Germany, so far about 10.000.000 shares traded at 2pm at 0,0088us!!, stock exchange in frankfurt still open till 8pm. is there something going on today ?
for those of you who missed the show today, try to get them in frankfurt tomorrow, we`ll open at 09.00am ET=03.00AM.
probably it`s a good thing not to catch that much sleep tonight and to take an order there.
good morning from germany,
stock market opened at 0,004€ = 0,0063us on hugh volume for htog.
looks like there is something going on, oil on new highs.
gltya
greetings from germany.
we`re actually trading at 0,028€=0,044us$
very high volume in the first 40 minutes, seems like there is a hugh run coming soon
you guys know what is the best of the PR at this time?
in germany its gonna be midnight in some minutes and i am having birthday. with that news in my mind i`ll catch a big bottle of champagne.
thank you i read about this NY financial offer, but havn`t seen an european offer,thats why i asked. maybe my english is too bad to get everything, sorry about if i am asking so much
which Secondary financing are they talking about? if i can catch as many info as possible i can lead the german board of glcc tomrrow better, thanx
hello from germany, could somebody please be so kind and tell me what this means, because i do not get this, thanks in advance
The issuer is using this opportunity to rescind its European only release sent out today.
can you please tell me what IR means ? sorry about, but i do not know so much the short version, thank you
hello from germany, is it for sure that they already started the buyback with 6mio. today ?
would be perfect, movin`on up please
@ Glutten
right now we are trading between 0,012€ and 0,013€. remember, that we follow the stock market in usa. volume is getting bigger, looks like right now they got the message and start to realize the facts how this soon will hype.
good morning guys,
in the PR they stated :
In other corporate updates, the issuer has received a number of inquiries regarding its buyout proposal. The issuer reminds its readers that it cannot prematurely release the candidate name. The issuer can however say that the offer came unsolicited from a publicly traded entity; it is a friendly one which in our opinion contains very favourable provisions and benefits. It is from a NON USA trading or a USA based company. The management and board of directors of Good Life have requested its North American corporate advisors to attend the candidate's offices in Geneva and to report its recommendations to the Beijing head office in July.
since we (me and my german friends) are near to geneva i do not have a clue which company it could be. i first thought of Nestlé, but they are traded in usa-this doesn`t match. any ideas from you which it could be ?
great day , we are watching the uptrend . keep on going glcc, we trade about 0,012€ in frankfurt (=0,0186us). let them fly there in the US, so we can take advantage tomorrow morning. glad to load a lot more this morning. happy day for all of us!
hi again, this will be my last post for today, because i have registrated today first time and i am only allowed to write three the first day.
me and my glcc friends from germany wanted to let you all know, that we will be watching our stock from the beginning at 9am, that is about 3am us time. we hope (we are sure) that there will be a lot of buying pressure and we hardly believe this stock will have an excellent start tomorrow. lets hope we can make your dreams for real and with trading in germany first, after that at 9:30 us time you can take a big advantage of this higher levels.
take care, wishing you all a very succesfull new week.
sorry about my unprofessional writing in english, but i haven`t used it for a long time. in earlier times i have been several time in puerto rico because of familar relationship, but not any longer, thats why i used that alias.
enjoy the rest of your free sunday, glad to be back tomorrow.
thank you all for that friendly welcome, gltya
hello to everybody,
first of all, let me introduce myself. i am a german GLCC shareholder for a long time and i`ve been watching this stock with a couple of friends for a while, before we started to buy. right now, since i have been only activly been around on german boards, i am taking the opportunity to register today on ihub.
i guess it is a very professional board with a lot of very interesting informations and a lot of guys with a big knowledge.
sad to see, that there are also a bunch of people which are trying to bring that stock down.
we (the german shareholders) are getting very exciting about tomorrow morning, remember that GLCC is dual listed in Frankfurt. talking about myself, i was taking every chance to keep on buying as much as i could, especially the last days on the level.
good luck to all of us, lets see if the shorties are trying to cover tomorrow morning in Frankfurt, that would be fun.
have a nice fathers day, sincerely, greetings from germany
karibik