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Your right! Needs to be done professionally, starting with a press release. We'll see!
Wonder what is planned to pump the merger?
8K posted - Changed co name to AWG International, Inc, but still no signed agreement waiting on audit. Increased shares to 500,000,000
U got to believe something is happening between MSOL & AWGI. I've never seen a shell move up in SP , let alone new highs, with no news.
10Q Posted for 1st Quarter - Nothing new as far as merger of AWGI.
Here the statement from 10Q
TEM 5.
OTHER INFORMATION
On July 27, 2011, the Company entered into a non-binding letter of intent to enter into a new business combination transaction with AWG International, Inc. (“AWG”), a Nevada corporation, with a view to enter into a new acquisition agreement to acquire AWG as an operating subsidiary. To date, a definitive acquisition agreement has not been executed. The Company is conducting "due diligence" review and AWG has provided its financial statements for auditing procedures. The "due diligence" review and completion of AWG audited financial statements are conditions which must be satisfied before entering into a formal definitive acquisition agreement with AWG. As of March 31, 2012, the Company is still pursuing this possible business combination.
It sounds like the company is asking for a vote on a reverse split on the stock. Meaning you'll end up with 1 share of stock (post) for every 4 shares of stock (pre) you own now. I never heard of a reverse split described in this form, so I'm just guessing at this point.
EDGAR shows that a late notice has been filed for the 1st qtr 10Q. This usually means that the 10Q should be out next week. Perhaps we'll get an update to the merger.
10K Interesting statement titled "Proposed Business Combination with AWG International, Inc."
Searching for a Business Combination Candidate
The Company is seeking a business combination candidate that would bring revenue and, or asset value to the Company. A business combination candidate would most probably be a private company that seeks to become a publicly traded company through a business combination transaction with a publicly held and quoted company. Often times these business combination transactions are termed “reverse mergers" or acquisitions whereby the private company acquires controlling interest in the publicly held company.
10K Posted; no change as to MSOL. See statement below:
On July 27, 2011, the Company entered into a non-binding letter of intent to enter into a new business combination transaction with AWG, a Nevada corporation, with a view to enter into a new acquisition agreement to acquire AWG as an operating subsidiary. To date, no acquisition agreement has been executed. The Company is conducting a "due diligence" review and AWG is in the process of preparing its financial statements for an independent audit. The "due diligence" review and completion of AWG audited financial statements are conditions which must be satisfied before a formal definitive acquisition agreement can be entered into with AWG.
The Company has a very good working relationship with AWG and feels confident that they will be able to come to terms on an acquisition. The Company has provided funds to AWG in order to assist them with business and sales development. As of December 31, 2011, the Company had loaned AWG $320,040.
EDGAR WEBSITE: http://www.sec.gov/Archives/edgar/data/1394872/000105291812000219/mips10k2011final.htm
Wrong again; my information was that the 10K was supposed to be submitted to the SEC on Friday. Not sure how long is takes to be posted on EDGAR.
10K should be out today or Monday
It's my understanding that only MSOL can make a public announcement, relative to the merger. I assume Sodoroff is an insider and under FTC rules shouldn't have made such a statement, if it true. Expect a news release, 8K or year end 10K to make the announcement. This type of action, for a public company, must be made for public information. With that said, I don't believe the merger has taken place or if it has MSOL isn't ready to make public. If both sides have come to a signed agreement, I'm not sure how soon MSOL has to make public, under FTC rulings. JMO
NT 10K has been filed 3/30/12. Filing history indicates that the 10K for 2011 should be out within 15 to 20 days.
AS of 12/31/11 there was 20,419,115 outstanding share, out of 50,000,000 authorized shares.
Under the private placement 7,730,000 restricted shares have been sold, along with 600,000 restricted shares (predicated on merger) to JHU/APL
After todays stock transaction, It looks like your right!!!!
Since I have money in the game, I check every day. Looking for a small pull back, before merger, to add to my position.
Next report out is the 10K (year end report). If you go back on the reports filed you can see a trend on when they actually comes out with their filings. 10Q are filed the middle of second month of end of quarter and middle of forth month after end year report. I expect the 10K report to be filed mid April, unless they want to come out with news on merger or use a 8K.
Of coarse this is all predicated on the merger taking place. Let's see if the 2011 year end report or an 8K will verify a deal has been agreed to. It's my understanding that an announcement is expected this month.
Interesting questions.
What makes you so much better than your competitors?
Read AWGI website, throughly. http://www.awginternational.com/
This is a very tightly held pink sheet, is there plans in the future to increase the float for funding?
Since this is a reverse merger, I would have to assume that AWGI, reason to be come a public company is to raises capital, which will mean increasing float through private placement offering under Section 4(2) and Rule 506 of Regulation D of the Securities Exchange Act. (see SEC 10Q Common Stock section).
You would be a target for a takeover by a larger company like Coke or Pepsi who would kill to make sure your product is "shelved." The money they would lose from bottled water sales would not be tolerated. What is the corporate plan to handle these issues?
The bottling market isn't the biggest or only market. I don't think that a take over would be a primary exit strategy, but at this stage who knows. Besides, if this technology would be that advantages for one of the big water bottling companies, would they really want to shelve it. They very well could become a customer.
I really like this investment for a long term green play but the lack of overall communication to shareholders is puzzling to me.
There is plenty of information on MSOL at Edgar. Remember MSOL is just a reverse merger candidate. Check out the latest 10Q statement
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=0001394872&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
If funding is not needed and the developers have all the cash they need, a pink sheet play like this is just a way to escape with some coin by pumping and dumping in the future.
Again, AWGI needs funding as a startup technology company. This merger will accomplish this if handled and promoted professionally.
I hope I've given you answers that will reduce some of uneasiness.
10Q OUT - Sections from the filing
We continue to seek additional capital to fund our general and administrative expenses. In addition we intend to close the transaction with AWG International outlined as Exhibit 2.1 entitled “SHARE EXCHANGE AGREEMENT” of the 8-K filed June 10, 2010.
On April 26, 2011 the Board of Directors recommended to the shareholders of MIPSolutions to:
1. Change its name from MIP Solutions, Inc. to AWG International Water Corporation.
2. Increase the authorized number of shares of our common stock from 50,000,000 shares to 500,000,000 shares of common stock, par value $0.001.
3. Alter the authorized share capital to authorize the issuance of up to 100,000,000 shares of preferred stock, par value of $0.001 per share, for which the directors of the Corporation may fix and determine the designations, rights, preferences or other variation so each class or series within each class of the Preferred Shares.
4. Amend the Corporation's Bylaws to replace them in their entirety with new Bylaws, previously circulated to the board of directors.
The Company is continuing to tally the Shareholder Consent forms at the time of the filing of this document.
The 10K doesn't say much, relative to the AWG R/M. Here's the only statement I could find - "On January 3 2011, the board of directors and the officers of the company voted to suspend salaries for the officers until after a merger with AWG International. This is to be effective as of January 1, 2011.". It does refer back to the 8K, which initially laid out the R/M
Does MSOLE need to file a public notice of a ticker symbol change?
New 10K out
Nevada Secretary of State shows MIP Solution Inc. is back to "active".
Depends on what side your on. Investors want filings on time and the company, short of funds, will take 30 days when the government provides it. You get the feeling that the R/M isn't in place yet or isn't going forward, but I believe that both sides has spent a lot of funds getting to this point and want the deal to to be consummated. I've been through this with two other R/M and they never met the time lines put forth.
LATE FILING - Since Friday is a Washington DC holiday (Taxpayers can thank a little-known holiday in Washington, D.C., for extending the deadline to file tax returns until April 18 this year). perhaps the filing won't come out until Monday. Just a thought.
It looks like MSOL will be providing their 10K by 4/15. Edgar shows a NT-10K late filing, stating a 10K will be filed on or before the fifteenth calendar day following the prescribed due date. I believe a filing company is required to file their 10K within 90 days following their year end date.
I'm surprised the board hasn't seen more activity.
Not from the north country. Dwell in CA. I've got the feeling we'll be seeing more comments, as the word gets out. Let's just hope the tight share count is around a little longer. Getting close to 100%.
Not a investor in AWG. I also didn't get my fill at 0.11
With no definitive information out, since the latest 10Q (3rd Qtr.), it appears there is a buyer or buyers that know something. We'll see!
Sorry, but I can't expose my contact info here. Unfortunately, I couldn't provide any more information, then what you have, since some of my DD is under a non-disclosure agreement. You have disclose some info, which I didn't know. Your right about AWG going public for funding, which would be the only reason. I tried to find Canamerica, but no luck.
Huggums, can you contact me with a personal reply and a contact number? I don't have that level of membership with IHub.
Have been buying MSOL, based on the potential of AWG. My only concern is AWG management takes over and decides to do a R/S. Have been bitten a couple of times on buying in prior to reverse merger, with a follow up R/S. My due dil on AWG shows great potential and it might not matter if they R/S.
Looks like GRWT has found a new company to merge with. Also they are doing a 1 for 100 reverse stock split.
See Florida State Department of Corporation and submitted form:
http://www.sunbiz.org/pdf/94387914.pdf
KEPI has submitted their 10Q for 2008. Does look like they are trying to bring the reports to date. Most important will be what the 3rd Qtr. looks like. I know some of you will already forecast a negative report.
It sounds like you have the proof to offset a legal challenge to a potential libel suit. So be it.
What's your point?
Your right to assume that a Canadian citizen can be an office holder of a US public company. The question is; did he become a legal US citizen, since he hold a US social security number under the name of Dennis Ray Fischer? Didn't he state, in the public conference call, that the IRS was seeking him for personnel back income taxes?
Since we know DF was or still is a Canadian citizen, the whole question of legality pivots on rather or not he became a US citizen.
With DF I doubt there's a problem of proof, with the others I don't know.
Mr. jkupper.....I hope you have the proof of your accusations. You open yourself to a potential Libel suite, since Frank Rawson is an accredited accounted and could jeopardize his license and/or his reputation.
Collectively known as defamation, libel and slander are civil wrongs that harm a reputation; decrease respect, regard, or confidence; or induce disparaging, hostile, or disagreeable opinions or feelings against an individual or entity. The injury to one's good name or reputation is affected through written or spoken words or visual images. The laws governing these torts are identical.
To recover in a libel or slander suit, the plaintiff must show evidence of four elements: that the defendant conveyed a defamatory message; that the material was published, meaning that it was conveyed to someone other than the plaintiff; that the plaintiff could be identified as the person referred to in the defamatory material; and that the plaintiff suffered some injury to his or her reputation as a result of the communication.
You certainly have met all four elements. Good luck!