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The initial agreement in the form of a letter of intent provides the framework for a subsequent definitive agreement under which ActionView International would acquire all of the issued and outstanding shares of Jim Palmer Trucking, Inc. in exchange for a majority percentage of ActionView International. The details of the proposed share exchange will be included in the definitive agreement.
The letter of intent outlines additional due diligence, audit work and other terms that must be fulfilled to proceed to definitive agreement and to subsequently effect a close of the transaction.
The post merger plan for Jim Palmer Trucking includes a potential acquisition strategy, the addition of new members to the management team, and the development of additional business lines within the trucking industry while maintaining and growing existing accounts in its core business.
I don't post when I'm buying anymore but I got 4m already and am watching for another dip to add more.
Have mine for 21 years now and she's(my honey) priceless!
Toys are fun too :)
:) got mine !
If JPT reveals revs of more than $40m the pps should be around .04 just in fundamentals......add a p/e ratio of 5-10 and it will keep going even after the merger, like frpt did !
IMO, The insiders already own private shares of JPT that will be exchanged for avwi shares at the time of merger and depending on the pps will get 90-95% of the shares O/S.
The majority share holder holds 750m shares giving them voting power for a R/S that brings us down to a 10m O/S and then gives JPT 90m shares to distribute to thier current shareholders leaving us with a 100m O/S, they'll probably leave the A/S at 1b for liquidity for future acquisitions and
prepare for the AMEX or NASDAQ uplisting.
I see this as a winner for short and long term...but I will take profits at the merger and leave many shares for the long term, unlike I did with AERO !
Been there, done that! its time to make some $$$$$$$$
https://app.mt.gov/cgi-bin/bes/besCertificate.cgi?action=detail&bessearch=D049742&trans_id=miia08139015715242500
Congrats, 4k.....:)
LOL....if gspg with a 3b o/s can run to where it is with toilet revs, then we can hit .10 easy IMO.
Dam right !
Me too !
With shorters we might as well call the o/s infinite :(
It's just wrong !
I'm the smart one on the right, or was that the left. RV'ing is fun with my Aero Exhaust !
Not to mention that javelin was driving the bus with fccn.
Peacock is just a clean shell broker in this situation, sure they'll make money but so will we !
FCCN/AERP ran to .06 on the definitive and GGI was getting 500m shares and we had a 5b A/S
:)
Thats what I thought....Its a TDA glitch.
It just started last week. I think it's a glitch or is anyone else seeing every trade mirrored, I mean every trade has a double time stamp ! Even google :)
Do you use TDA apex ?
They filed the CC..... :)
http://www.sec.gov/Archives/edgar/data/1032863/000110465908037818/a08-15738_28k.htm
Thats real nice new's !
You can figure out what comes with support like that....Congressman push to help companies that help the communities they represent. It's good for all involved.
every time they upped the ask I lowered my bid. they cam down and got me....
Wow....talk about a low volume walk down.
This baby is ready....... :)
even my 495k buy was mirrored at .0025 hmmmmmm
I'm the smart one on the right, or was that the left. RV'ing is fun with my Aero Exhaust !
Outstanding news......something the shorters were not planning on thats for sure !
Thats good news for sure.....and spells increased revenue !
I'm sure they will pr the results of the 2nd quarter....
Nice, BW
Welcome to the Aero owners club ! :)
I share in the savings too.
Yeah, It's been on CMBC all day....and the SEC extension was even better news that prompted the shorting yesterday to slow down the momo, IMO.
It's just a matter of time until we bust through the 4's :)
Nice pic , Gambler.....
Wish I could go to one of the races. :)
Never looked better.....when you know where to look ! :)
Oct looked far worse !
A delisting would have been very bad for us but the news today is outstanding and the shorts know it ! they're crapping right now and hoping they can cover slowly.
Thanks, If you read the rest of that document, Wachovia has full access to all the books ! What does that tell ya. :)
They do it because they can and we put up with it because we know our day will come ! (Fortune cookie last night) :)
I'm an expert in EKG's....lol charts are kool though.
I believe the pps will climb every week as the shorts cover and the profits roll in....didn't Moody say that 2007 was in line with 2006 financials. :)
Exactly 4K.....
Steady as she goes, Aero :)
Sweeeet ! Exactly what the Dr ordered.
What a coincidence that Wachovia put a date on the fins too !
http://www.sec.gov/Archives/edgar/data/1032863/000110465908031995/a08-14068_1ex10d1.htm
ANNUAL FINANCIAL STATEMENTS. Borrower shall deliver to Bank for fiscal year ended December 31, 2007, unqualified, audited financial statements no later than August 31, 2008 reflecting its operations during such fiscal year, including, without limitation, a balance sheet, profit and loss statement and statement of cash flows, with supporting schedules; all on a consolidated and consolidating basis with respect to Borrower and its subsidiaries, affiliates and parent or holding company, as applicable, and in reasonable detail, prepared in conformity with generally accepted accounting principles, applied on a basis consistent with that of the preceding year. All such statements shall be examined by the independent certified public accountant firm of Grant Thornton. The opinion of such independent certified public accountant shall not be acceptable to Bank if qualified due to any limitations in scope imposed by Borrower or any other person or entity. Any other qualification of the opinion by the accountant shall render the acceptability of the financial statements subject to Bank’s approval.
PERIODIC FINANCIAL STATEMENTS. Commencing with the second quarter of 2008, the Borrower shall deliver to Bank, within 60 days after the end of each fiscal quarter, unaudited management-prepared quarterly financial statements including, without limitation, a balance sheet, profit and loss statement and statement of cash flows, with supporting schedules; all on a consolidated and consolidating basis with respect to Borrower and its subsidiaries, affiliates and parent or holding company, as applicable, all in reasonable detail and prepared in conformity with generally accepted accounting principles, applied on a basis consistent with that of the preceding year, provided however, the financial statements for the first quarter of 2008 shall be due on or before August 31, 2008. Such statements shall be certified as to their correctness by a principal financial officer of Borrower and in each case, if audited statements are required, subject to audit and year-end adjustments.
Morning 4K, I see the same old, same old....as usual :)
The CC was fantastic and the financials should paint a nice picture.!
Moody did say that 2007 revs were in line with 2006 revs didn't he ?
Looks like FRPT has a great future !
Very nice.....What I really like are the service contracts that follow the orders for vehicles, it keeps revs flowing in for years to come.
It's nice to be moving right along as planned.
Another 800 @ $3.99
$3.99 bid :)
Nice.....$4.00 up next !
Tomorrow the money managers buy up FRPT. IMO