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yes reverse merger
Was this a past attempt to reverse??
currencytradingexchangeguide.com/474639/abu-safah-oil-inc-executes-share-exchange-agreement-with-allied-products-inc-2/
looks like a big oil company. iam asking this to you, since you seem to be a old timer.
Looks as if MMs want to keep it at this level, while waiting for the news.
Things are really heating up, 0.049 bid...let the run start lol
Signs of reversal, hopefully shorters and bid whackers have left this place..
That pocket change should suffice to take this to 5 dollars..lol
O boy think about the scenario where they take their hedge fund public using this puppy, the share price will shoot to the moon..fingers crossed
1 Billion dollars funds under management in 2008. This is huge folks, guys owning this shell are big sharks...
http://www.hfmweek.com/news/158006/oracle-positive-on-health-market-after-stellar-year.thtml
If you divide revenue by no. of shares it will come close to 34 cents, thats where they stopped the run. This share is atleast worth 34 cents.
Relax dude. This is trading after three years of lull and is founded by one of the large hedge fund manager. Don't you see something big happening here. In penny world one should have nerves of steel to assimilate the wild gyrations of share prices..lets hope for the best and prepare for the worst.
Interesting info
http://www.manta.com/c/mm4zt08/oracle-healthcare-acquisition
This link says
Oracle Healthcare Acquisition also does business as Oracle Investments Management, Oracle Partners Lp
revenue: $6,917,000
This is a real deal in my opinion
This is a special purpose acquisition corp formed to acquire a healthcare company. After the proposed merger with precision therapeutics failed in early 2008 the money invested had been returned to the respective shareholders.
However they can find a new merger candidate. OHAQ was founded by Larry N Feinberg, who is one of the top hedge fund manager in the healthcare space. Hope he has some trick up his sleeve for this shell.
NITE at 0.15, looks like gap-up and run hard today.
Indication of imminent merger news??
Expiry of the OMB number. Ideally a new form-4 has to be filed for the information to be considered valid. The 10% owner can decide on the ownership, before filing the new form-4. Remember the most important info in that form-4 is, the shares were acquired at 7.9 dollars
2/28/2011 is the expiry date on this old form-4.
Somebody is stepping on the gas pedal perhaps with this in mind...keep tuned
http://msnmoney.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5850283&SessionID=GKeKWZn2t35_P49
Invest only what you can afford to lose. This used to be the stock of one radio company, which is bankrupt now. Very low float, hence can be the target of some profitable private company reverse merging into this. If that happens, this will run to many dollars, else back to triple zero prices...but since this is activated recently, i hope something big is in the pipeline..
IREP the next GWAY??? up 1000% on 150K volume, extremely thin level2.
My gut says some big ticket PR is on the way...
But that doesn't explain the 5 million plus shares traded at 1 cent, who bought those?? i hope the company is getting revived.
Any news?
NLAB - otc site updated, may be merger on the cards...
The company is in receivership, Gary D. Lipson, as Receiver
Share Structure
Market Value1 $185,135 a/o Jan 26, 2011
Shares Outstanding 46,283,664 a/o Jan 24, 2011
Float 17,280,574 a/o Jan 24, 2011
Authorized Shares 50,000,000 a/o Jan 24, 2011
http://www.otcmarkets.com/stock/NLAB/company-info
otc site updated, hmmmm may be merger on the cards...
The company is in receivership, Gary D. Lipson, as Receiver
Share Structure
Market Value1 $185,135 a/o Jan 26, 2011
Shares Outstanding 46,283,664 a/o Jan 24, 2011
Float 17,280,574 a/o Jan 24, 2011
Authorized Shares 50,000,000 a/o Jan 24, 2011
http://www.otcmarkets.com/stock/NLAB/company-info
otc site updated, hmmmm may be merger on the cards...
The company is in receivership, Gary D. Lipson, as Receiver
Share Structure
Market Value1 $185,135 a/o Jan 26, 2011
Shares Outstanding 46,283,664 a/o Jan 24, 2011
Float 17,280,574 a/o Jan 24, 2011
Authorized Shares 50,000,000 a/o Jan 24, 2011
http://www.otcmarkets.com/stock/NLAB/company-info
FOGC merger news imminent - watchout.
Latest update, taken from the web. Patience is the key i guess.
The stock rumbled this week with some incredible PPS jumps and decent volume. It seems the market is taking notice of this company coming into the picture, and this rattling of the cages may signal investor interest. Mining can be a slow endeavor, but, from what we understand, the success of FOGC on the mining market may be quite close. The company’s management; however, holds its hand too close to its chest to tell.
Yes, the AS increased to 888M, OS to 715M - which indicates reverse merger is round the corner. Even though OS has increased most of it could be restricted shares issued to the merging company stakeholders. It will be interesting to know the new float.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=c63OrSJFMiS2M7UyRqOzYQ%253d%253d&CorpName=FORTUNE+OIL+%26+GAS,+INC.
http://www.otcmarkets.com/stock/FOGC/company-info
This private company with the same name and address has 7 million USD in revenue and 60 employees.
http://www.dailyfinance.com/private/power-technology-inc/44-473e1575/
Is this company reverse merging with the shell pwtc?? as the addresses are same..
Yes, it looked systematic buying on friday last, rather than some rookie buying it...if friendfinder goes public, this should skyrocket imo...
PMG's parent friendfinder raises 551 millions usd debt financing in late oct 2010
www.worldmarketmedia.com/1876/section.aspx/1600376/penthouse-parent-friendfinder-raises-551-million-in-financing
they are open to going public (may be through reverse mergers....how about with IBDI, as IBDI owns 27% stake in PMG, hopefully they own it now)
www.benzinga.com/market-update/10/12/694177/friendfinder-ceo-marc-bell-tells-fbn-he-is-still-very-interested-in-acqui
Yes, SEC is bit more relaxed in clamping down on naked shorting imo.
In this case if the the company does not increase the O/S for atleast another month, ST/NITE will have to pay for their naked shorting sins..fingers crossed.
Seems the ceo of global links wrote a book on naked shorting which got published this year
http://www.prlog.org/10739099-naked-short-selling-wall-streets-ugly-mess-by-frank-dobrucki.html
In February of 2005, author Frank J. Dobrucki’s company, Global Links Corp. (GLCO.PK), was hit extremely hard with Naked Short Selling, the illegal practice whereby brokers sell shares they do not have.
In a single month, more than 20,800% of the total issued and authorized shares in the company were sold on public markets. In many cases, shares totaling more than 100% of the entire company were sold in a single transaction.
While the government was clearly aware this had happened, no agency responded, no investigation was conducted, and the problem was buried. After all, acknowledging it was possible for this kind of out-of-control trading to occur would open the floodgates to prove this could be happening to dozens, or more, of other companies.
Similar naked shorting scam happened in 2005.
read the info section of the ihub link
http://investorshub.advfn.com/boards/board.aspx?board_id=3439
further info
http://www.faulkingtruth.com/Articles/Investing101/1032.html
god knows what happened to this case...
VERT moved to 0.016, i have a feeling this is going to run wild
MM RAJA generally shows up on the cusp of a major run. He has shown up here now, any thoughts??
People are busy smoking and playing marijuana stocks..LOL
I feel this will gap-up and run on monday. Friday afternoon is the worst time for pr release, hence not much run. Monday will be different though, as the news sinks in.
WTCT huge news out - acquisition terms laid out for new company acquired few days ago - 12 month holding period for convertible note - low floater
http://www.dailyfinance.com/rtn/pr/watchit-technologies-inc-newly-purchased-subsidiary-ecologix-to-team-with-air-pure-systems-development/rfid377235394/?channel=pf
WTCT huge news out - acquisition terms laid out for new company acquired few days ago - 12 month holding period for convertible note - low floater
http://www.dailyfinance.com/rtn/pr/watchit-technologies-inc-newly-purchased-subsidiary-ecologix-to-team-with-air-pure-systems-development/rfid377235394/?channel=pf
Huge news!!! 12 month holding period and convertible at just 20% discount to market price...this is flying imo