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Updated Pre 14c has been released:
Has the info now up to March 31st, and also a different name which I think is better in this environment. The original "new" name was going to be Detroit Auto Salon Corp, the "new" new name post merger, according to the new Pre 14c, will be DIAS Holding, Inc., I like it! lol
Ah, now if we can get this merger completed after the market reaches a near term bottom, and before Israel attacks Iran & or Iran gets nukes and blows up the world we'll be all set. lol
Interesting article folks:
http://www.autoblog.com/2008/06/17/gm-ford-exporting-2-billion-in-vehicles-parts-to-china/
Now I'm excited, lets get this show on road! lol
As much as we'd all like something to happen:
It's probably better to be in the doldrums and or a quiet period right now with the market tanking and all the turmoil with oil. If the market is going to retest the lows or worse, better to get it over with now while nothing is happening, before any more comes with the merger. lol
Yes but I still worry that the new name won't show the company is involved in Asia and other emerging market. It's to Detroit and U.S. centric, and hybrids or not, the US auto market is going to be in the tank for quite a while, especially compared to other regions of the world.
If I am not mistaken, the Detroit Auto Salon is also looking to link U.S. Auto companies with those Asian factories, for component sales on vehicles in the Chinese and emerging markets as well as in the U.S. That Chinese aspect is important and should be reflected at least a little in the name. my opinion anyway.
Maybe the new post merger name of the company should be.....
The Detroit International Auto Salon for business in Asia, China, and other emerging markets Inc. LOL, because things are not looking good here in the U.S. right now. lol
I understand where you're coming from, sometimes though, (at least for me personally lol) the best lessons are learned by actually taking a bath in a stock or two. Then you realize how hard it really is, establish certain criteria for future investments, and can appreciate success even more. I understand what you're saying though.
Ah I see, the recent posts make a bit more sense then. lol, you should do what I do, post about stocks you like and not worry about the ones you feel are junk. Keeps things calmer. lol
Yup, we are likely entering the important window right now IMO, and we've already seen how the volume can come out of nowhere during the run up after the initial 8k in March.
I'm still dreaming of $1.05. lol
Wow is this forum going downhill in a hurry. lol Don't worry about it Overachiever, remember we have investors like SSP in this.
You'd probably pass like Bill Gates and Warren Buffet if that ever happened I think! lol I'd only be a "mere" multi multi millionaire. LOL
I don't recall ever hearing those type of numbers on the AZTC level 2, JPCI but not AZTC, definitely starting to get interesting!
I'd be very happy with $1.05 for this one. This is getting kind of interesting!
I really hope the recent action isn't a reflection of someones opinion of your charm! LOL
Someone before said "why would they" when we were discussing increasing the float. The 100 million new shares issued to match the structure of Componus for the completion of merger will not be part of the public float for some time. I doubt any dilution will occur before those newly issued 100 million shares can be sold. That is why the window of opportunity for this stock is from now until those newly issued shares are no longer restricted and can become part of the float. The window begins with May 28th and ends whenever the dilution does come, and that probably won't be before the 100 million can become part of the float, my opinion anyway.
My mindset now is to sit back and watch the stock until it reaches a level where I'm prepared to sell. But we are entering that window where the action happens right now I think, but that window and this process could also stretch for quite some time, many months possibly. The only thing I am unhappy with right now is oil, and it's affect on the auto industry and the current market in general. I still feel good but things could be a lot better if oil goes down and the auto industry starts to rebound during this window.
Also there was no significant dumping, mainly accumulation and a slow move to .35 since the initial 8k months ago. You sound as if you're thinking this is in the 1st inning, when we are in the late 9th inning of this merger process, and there was no dumping by the shell insiders during that time. As a matter of fact, they are basically giving the shell away, and apparently betting they will make their money via their ownership stake in the new company.
Nearly all reverse mergers into shells have reverse splits now, and a 1 for 2 is about as good as you can get. The situation your referencing is a dying company that has to reverse split to maintain a price, what is happening here is a completely different situation. A new company is entering the market via this shell, and the r/s is a product of the agreed upon percentage ownership of the shells insiders in the the new company.
Good luck with that entry point the day after the merger approval meeting.
I only hope that the overall market strengthens back up a bit and oil drops about 20 bucks a barrel while this merger process is playing itself out.
yup, looks like one more boring week to go
It's really completely up to him as to what happens. He could do anything he wants, from finding a good company that will do a small reverse split, to bringing it back to a reporting company, or on the other hand to sell it off to anyone and not care. Maybe he's seen this forum and likes us and will be nice with this one. LOL
Even broke the vaunted .34 cent barrier for a minute there lol, was slow and quiet all day then boom! Didn't expect to see that at 3:46pm lol.
Those web issues are more cultural then anything, kind of reminds me of the Gung Ho movie. lol
Whoa look at that close!
Hmm, bid .28, boardmarks 28, maybe there is something to this! lol
Jim McElroy covered a lot of that in the Take me to the Auto Salon article though didn't he? He must do some research before he writes his articles, and he stated that Huang has already been very successful with the same business model in Taiwan.
You'd think Canouse did plenty of research into this as well. Yes a good merger in a shell is rare and you never know if they will actually succeed with the business plan, but it's probably ok to at least accept them as legitimate by now. lol
Or maybe not lol
Yup, fully reporting and the revenues were right in the PRE14C, which is why Monday might be interesting.
Yup, that might be the best way to go if it does surprise early, the best time for this is almost certainly going to be the post May 28th window IMO, but there have been crazy lead up blips in the past in other merger situations. If this were the year 2000 who knows where we'd be right now! lol
It's so tempting to try to time this thing if it has a run in it before the actual merger and split. I think any main run will probably be after May 28th, but if it surprised & got to a certain range before that, like say dollar range, it would be so temping to try to temporarily cash in and rebuy a few days later with any decent dip. I know though that with my luck, if I tried to do that, it would be guaranteed to go to 10 dollars the very next day. LOL
Interesting to see what happens Monday. There was no short interest after the second spike to .34 as I thought there was, so looks like Friday's action was real buying.
Never can tell, a lot of stocks I see don't seem to follow the market cap to earning and O/S ratio at all, sometimes in a very good way for shareholders, where price and market cap goes way above revenue, sometimes in a not so good way, where market cap is even below revenue.
Couple of things this has in its favor, It's a new stock to the market so that alone should generate some interest, it already has revenue and assets, and even after the merger, from what ssp said, the new number of O/S won't be a part of the public float right away, which could leave a window for an interesting period for the stock, my opinion anyway.
The $5.47 part sounds good! lol
One good thing about having so much of my attention focused on events with other one is that it makes the day to day wait to see what happens with AZTC go by a lot faster! lol
That would be good lol
I was thinking the same thing regarding the name and wondering if it would overshadow the Asia Forging & Chinese aspect of the stock.
dijeetyet again thanks, really puts the PRE14C info in good context.
I hope you're right and this works out for us, but I also hope it works out for the people and city of Detroit. I was looking through some pics and data of the city tonight, those people could really use a break and have something good happen up there.
What do you think of the PRE14C? I'm like Tom Brokaw saying "What does it all mean?" right now lol
I wish somebody stock smart like SSP would say something about this lol
My initial reaction is I am happy they are a real company, with real assets, and generating real sales revenue, but their 2007 numbers were below projections, and definitely not on pace with the 2008 and 2009 forecasts we've seen. They will definitely need to have something else on the horizon for this company to show the growth necessary to get the stock to where most of us would like to see it I think.
Detroit International Auto Salon Corp is a good name, but Componus, and especially Asia Forging would have been fine as well.
Hope the name doesn't hide the Asia Forging Supply, or Chinese aspect of the company after the merger.
Good work MQ! :p