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They had no financials they were just listed and ready to trade right away. That is all they wanted was to become public with the least expense. The company obviously was not making any money. So in that way there investment to become public was a fraction of what it would cost to bring there company public. That is just good business sense.
Also means indecision between buyers and sellers,
That is not necessary a bad thing means hardly no buying or selling. Those that bought in are just waiting for news that I am sure. We will get news very soon. Just hang on to them. I can't even get any .0002s GLTY
Why Buy a Public Shell
To become a public company quickly, one of the most expeditious routes is to acquire an existing public company, and merge a private company into it. Commonly referred to as a 'Reverse Merger', taking a Company public this way is not new at all. Several nationally known, very successful and now large profitable companies got to be a public company by way of a reverse merger.
The reverse merger process has been utilized by many successful and well known business people. The process has also been successfully used by those in the public securities profession. For example, early in 1996, Muriel Siebert, who made history on Wall Street, by becoming the first woman to buy a seat on the New York Stock Exchange (NYSE), took her brokerage firm public through a reverse merger with a liquidated publicly traded New York furniture business.
These and other top business people realized that to become a public company quickly, acquiring an existing public company was the easiest and most cost effective way to accomplish their goals.
Merging a private company with a public company must be completed in such a way that potential difficulties can be minimized or avoided. When a private company merges with a public company that had been active, there becomes a real and dangerous potential of finding 'skeletons in the closet'. These may be in the form of unsettled or pending lawsuits, dissatisfied shareholders, late or negligent filing of reports with the various regulatory bodies, environmental or other problems.
ReverseMergers.Net., can offer for sale a "clean" public company for the purposes of a reverse merger, that has never traded nor have any operations. Usually, these public shell entities have an authorized share capital of approximately 100,000,000 shares. Approximately 1,000,000 - 5,000,000 shares are issued and outstanding. In the reverse merger transaction, a private company shareholders may acquire a substantial portion of the public company shares, and elect it's own officers and directors. Through this process, the private company shareholders own shares in a publicly traded entity.
Subject to current securities rules and regulations, the company can then access the capital markets through private placements and secondary stock offerings. The company can also begin to maximize the awareness of the company's new publicly traded status to the investment community, thus establishing a public market for their shares.
Taking a company public through this route, may be accomplished very quickly compared to the traditional IPO route which may not be available to most candidates anyway. ReverseMergers.Net specializes in merging private companies with clean public shells through a unique and relatively inexpensive method.
I can buy a shell company in the same why so can anybody else. Do a search there are plenty companies that are shells for sale.
I guess we will see soon,
They have not been public for years. This is a totally new company. They just acquired pretty much a shell company. They are now working on updating everything and that will be coming soon,
You can't build a business without acquiring money for expansion. It all depends on how they put there money to work, And the way I see it they are working on growing there business,
Small company you should know that. A company has to have a higher value to trade in the larger markets,
They can put a down payments and finance the rest. Also they can lease new trucks. Plus they can do mergers with private companies to increase there fleet, The possibilities are endless
That is because they are expanding there business, That is why companies go public in the first place Trucks don't come cheap. Also did ask him about the reverse split situation you put forth. He said that there are no plans to do this at this time, But that we are getting news soon. And I for one totally believe him that's why I am loading up my boat, Go CLXM also there is a ticker change in the works,
That is your opinion and I respect that. But guess what this is going up soon news is on the works. Will be this week if you want to make money then you should buy now. I just hit the ask for another 425,000 shares. And waiting for my money to clear to buy another 4 million shares. I guess we will see what happens in rest of this week, GLTY
Does anybody here know what we are now waiting for as far as news with this company?
I will try to make contact with Mr Jose Chavez today and put forth some questions. Will let everybody here the outcome of the conversation. I am currently trying to put him in contact with some privately held companies here in Chicago that I personally know if that happens look out,
Get in while you can at this price this is going up soon,
Good Morning everyone not feeling so good today may have to go to doctor,
Today the buys an sells were about equal I know this because my buys showed up as sells that was 3,000,000 shares on my trading platform. For me I closed green today with a very nice gain,
Here is some earlier news I found think the possibility for an upswing is still there, I will tell more after you tell what you think,
By Ekaterina Zelenkova
May 11, 2011 Promotional Truck Tugs CLX Medical, Inc. (PINK:CLXM) Stock Again Like in a good old times, CLX Medical, Inc. (PINK:CLXM) stock built value and provided return for its shareholders again.
Yesterday, though the Doji of investor uncertainty was formed on the price chart of CLXM, investor finally had the chance to bank gains. Company's shares surged 20% between trading sessions to close at $0.0012.
This was also the opening price of CLXM, “delivered” during the first day of the stock promotion this Monday. The same day, two stock promoters were involved to attract investors' attention.
According disclosures with details about the stock promotional campaign, an unknown third party will cover a promotional budget of not less than $40K. As disclosed, the great opportunity for some investor to join the CLXM rally will be opened up to the end of the next week.
Even today, a huge promotional truck still carries “hazardous materials”, made by one more stock promoter. Looks, two boosters from previous days were not enough. The shipments as expected are stock alerts, presenting CLXM which “made a current business acquisition that will generate $3 to $3.5 million in additional revenue annually.”
Unfortunately, as of today in company's SEC files there is no any factual information, which may confirm the deal. The last SEC filing done by CLX Medical, Inc. is from this February and it refers only to the appointment of Daniel Honig as a Director and as a Vice President of Operations of the company.
The last official, not just released information about CLXM's plans for acquisitions is from April, not the past month, but since April last year.
Than CLX Medical, Inc.
signed a letter of intent with Stealth Trucking, Inc. (Stealth). According it, Stealth's CEO and 25% owner- Jose Chavez, became the company’s sole officer, director and majority shareholder.
It is truth, that Stealth and CLXM agreed to pursue a merger or similar transaction, but the only thing which was done in those days was the change in control in CLXM. Than, Mr. Jose Chavez, not his son Michael Chavez, obtained voting control of 51% of the company’s voting securities and a voting control over the company.
As a result of the agreement, Mr. Chavez, the son, became the largest creditor of CLXM, holding a convertible Promissory Note in the company.
Oppose to the statement of CLX Medical last year, that “The Company has not finalized the terms of and/or affected the Merger to date.” and “The Company plans to file a Form 8-K describing the terms and conditions of the final Merger transaction, if and/or when affected.” there is no such a filing as of yesterday.
At the same time, the promotional truck tugs CLX Medical, Inc. stock again. Although the ongoing stock promotional campaign does not look as strong as it was in March, wile some investor are waiting the news on the pending merger, the others will just get the opportunity to bank short term gains.
Thanks for the reply and advice will see what happens this week,GLTY
Hay mass invest are you in this yet. Appreciate your input THANKS,
15 on the breakout board now. That should get some more people looking,
If it comes down to .0001 I am in for 10,000,000 more shares
By the way guys we are now on the breakout board we are number 13 on the board things looking up,
Putting it that whey does not sound to positive. Don't really know how that will play tomorrow,
You are definitely right on my friend this company is now in the growing stage. I expect many more good news coming our way,
Also mergers are on the works!
Good Morning!
My goal this week was to bring at least one Bonus Chart, and after running through some scans, I stumbled across a chart that looks to have possibly capitulated and looks to be ready to make a move upwards. If this is indeed the case, the current chart set-up is truly providing us with an ideal 'Risk vs Reward' scenario, and for those of you who have followed the newsletter for a while now, you know we love our 'Risk vs Reward' plays! First we'll go over some very basic fundamental aspects, and then we'll hop right into the chart. I know your time is valuable to you before the opening bell, so I promise this won't be like a novel or textbook.
Stealth Logistics Group - CLXM
Website: http://www.stealthlogisticsgroup.com/
CLXM (who does business as "Stealth Logistics Group" (SLG)) is a diverse Transportation Logistics Company. SLG provides expert care for your goods from pier or shipper pickup to final delivery - coast to coast. From our strategic West Coast location, we are poised to service all logistical needs.
CLXM owns and maintains its own truck fleet supplemented by our dedicated owner operators. Dual fleets allow them to be responsive and flexible to their customers' varying distribution requirements.
As far as technology and customer service is concerned, CLXM is firing on all cylinders in that facet of the business too. The SLG fleet is equipped with modern communications and GPS tracking systems. This technology assures quick response time, absolute accuracy, on the spot tracking, and dependable delivery.
CLXM distinguish themselves from the competition by offering 24-hour-a-day, 7-days-a-week availability along with careful, accurate freight handling. The routes are carefully scheduled and constantly monitored to ensure problem-free deliveries. Their modern truck fleet provides smooth, uninterrupted service with the added convenience of only one contact from start to finish. They fulfill their client needs and demands every time and on time.
CLXM just released some news this past Monday in announcing the addition of a new member to their board to brings a "truckload" of experience (pun intended) to the company.
Guys how does this look to you all. Is it going to be enough to get this moving?
That totally depends on who you are talking to. And what your gut feeling is while you are to to him. I chose to believe its my money anyway you look at it. I to would not mind getting some .0001s myself Thanks for your encouragement. GLTY
Like I said before. I have talked to them. That's why I bought another 3 million shares and will buy more in the next days to come. NOT TRING TO PUMP THIS STOCK JUST GIVING AN HONEST OPINION
Thanks anything I can do to help any one make a few bucks is GOOD CARMA
So that means she told me the truth maybe that is a good sign GLTA
I hear you. I by now am just totally numbed out by it
Thanks I appreciate the advice I have contacted this company I feel confident they are working on some good thing going forward. i think there is money to be made here. As Long as they are expanding I am fine with it,
I made the call to here that same Monday. Again she said that by law they had seven work days to file. That all she was willing to tell me. Other that she would really a message to James about share holder concerns I mentioned to her. that's why I posted here that anybody with money invested in this company call them so they would maybe see that we were truly concerned about our investment with them. As I have already numerous times in the past,
Folks this is going to go up this week get them cheap while you still can, If you landed any twos you are sitting nicely
She said they by law had to file within seven regular work days, Could not even get a hint on what to expect. I guess that would be illegal, GLTA
I was told by Mandy we should have them latter this week,I am sure we get them before the week end hope she is for real,
I just picked up another 3,000,000 shares ready to rock this week!
News is coming this week folks get in cheap!