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Yes, I saw that. Thanks for the other links. I just thought we'd want the correct version in the IBOX for people new to the stock, if possible.
GLTU
Bench
The site listed in the IBOX is chinanews.ca, it should be chinanews.cn, correct? Just in case someone wants to try and find the story over there.
Bench
PAVC on the move. EOM
Is TCHH buying today? Looks like it. EOM
.13 x .135 pre market. EOM
I believe the MM's or brokers are sitting pretty short here with PAVC.
I usually do not buy into those theory's, but in this case I do. Why is it that Ameritrade and Scottrade have not allowed internet orders for the last few months on this stock? Usually Scottrade will lift the restriction once the volatility has died down. This stock has not been volatile for a while, yet the restriction is still there.
AND... if TCHH buys it on the cheap here... does that NOT raise the percentage of chance the merger will occur?
With out a doubt!
Bench
Right now, 50%. If they file the 13D, then it goes to 90%. I am with you on what the stock reaction will be if they file it.
I like the risk reward on this trade at this price.
Bench
The deal is supposed to close at the end of the month, or "shortly thereafter".
Bench
Again, it was a third party, not JD:
Domain owner of thebullpick.com has been compensated in the sum of $10,000 Ten Thousand Dollars by a third party for a TWO WEEK Investor Relations Contract for EXPH.
Bench
It said "third party". That could just be a shareholder. I have seen that happen before.
Bench
Yep, closed at the HOD :) EOM
I guess I misread it then. Sorry. EOM
But they are on the Pink Sheets, so they are not required to file. Why would that be a negative?
Then according to your method almost every OTC:BB and Pink Sheet stock is overvalued, since most of them have no "net revenue". Based on your math they should all be worth zero.
Bench
New HOD .012 EOM
Good bye .012, we are at .013!! EOM
I am guessing no one noticed section 6.1 below, or maybe it was already known?:
6.1 For the one year following the Closing herein :
(a) Change of Shares . USRI shall be permitted, under this Agreement, to increase the number of authorized to shares to 500,000,000 (Five Hundred Million) but will not decrease its outstanding common stock shares by reverse stock split, combination, reclassification or other similar event for two years following the Closing herein.
**NEWS**
Trustcash Holdings, Inc. Releases the Third Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.
Friday March 14, 8:15 am ET
"Merger and Integration to Produce a Solid Foundation for Generating Earnings"
NEW YORK, NY--(MARKET WIRE)--Mar 14, 2008 -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTC BB:TCHH.OB - News) today released the third segment of a letter from its Chairman, Dennis Shafer, to its shareholders and the shareholders of PAIVIS, CORP. ("PAIVIS") (Other OTC:PAVC.PK - News).
Dear Trustcash and Paivis Shareholders:
Recently Trustcash and Paivis announced a plan to commence working together for future integration purposes, etc. This forward thinking of both management teams shows a commitment to not only closing the merger but prepping for the building of a solid foundation to support growth towards the ultimate goal of generating earnings for our soon to be combined shareholder base.
The following provides more detail and insight into the opportunity before us in combining with Paivis and their pending acquisitions.
Merger Opportunities
Operational Efficiencies
The integration of four companies with a common market, similar transaction processing technology, and common administrative functions immediately creates an opportunity for cost reduction and improved cash flow through operational consolidation.
We believe a combined revenue base of $73 million can be generated with less than half the current operational expenses, potentially resulting in an immediate gain of 50% in net operating income.
Scale economies can also support enhanced customer service and competitive pricing...both key success factors in the debit card and phone card industries.
Technology Enhancements
Combining the information systems technologies of four companies, all involved in high volume consumer payment transactions, provides an opportunity to develop a leading edge technology platform. This technology platform can be used to provide superior customer service, support new mobile and prepaid card applications, and provide an infrastructure for 'bolt-on' acquisitions of similar businesses in a fragmented market.
Expand Distribution
All the products of the merged company can be sold through similar retail outlets. Consolidating sales and distribution efforts across potentially tens of thousands of retailers results in a national network of stored value cards available to a cash-based market. In addition, the power of the Trustcash web site (www.trustcash.com) can be used to generate additional traffic to these retail outlets.
Each merger partner can also distribute its products through all partners in the merger: Trustcash cards can be purchased through mobile cards owned by any Paivis phone card holder, and phone cards can be purchased using Trustcash virtual cash cards obtained through any Trustcash web site partner or retail location.
Build Brands
The Trustcash brand is synonymous with security and privacy...both important benefits to a cash-based market, and a key competitive benefit in the phone card industry which has a history of consumer abuse. This brand can be used in conjunction with Paivis brands to create a greater market presence as well as cross-marketing each brand and its products to the other offerings. Joint POS marketing, media advertising, internet advertising, and word-of-mouth in a common market of immigrants and credit-restricted consumers will reinforce the impact of the merged company.
Expand Markets
As a combined market and user base grows, the merged company will be in a position to rapidly expand its franchise to young adults and other cash-based consumer markets. In addition, a combined user base of over 100,000 consumers will further attract additional retailers, both physical and web based. The Trustcash web site will become a portal and a central location for a cash-based market to look for goods and services, while phone cards can be used to co-market all products and also to pay for Trustcash cards. This will ultimately provide an opportunity for the Trustcash card to expand to a multipurpose debit card for in-store purchases, and a general purpose gift card.
Acquisitions
The stored value card market is very fragmented with some 2,000 different programs and providers. As Trustcash and its associated brands become the leader in the cash-based market, additional acquisitions will be targeted to expand the franchise into payroll cards, government payments, bill payments, money transfers, and other payment transactions.
Summary Facts
-- $100 billion plus e-Commerce market
-- $171 billion closed-loop stored value card market
-- $6 billion phone card market (according to an Atlantic-ACM report)
-- Common cash-based market of 100 million consumers
-- $73 million combined revenue
-- 100,000 users
-- Potential of over 70,000 retail outlets
-- Common transaction processing and administrative functions
-- Consolidated powerhouse in a fragmented market
-- Integrating four of the leading growth industries: stored value cards, wireless services, Internet and e-Commerce, and cash-based payment transactions
In summary, we believe we are clearly headed towards a closing of a transaction that has the potential to be a major value provider for our shareholders.
Sincerely,
Dennis Shafer
Chairman
Trustcash Holdings, Inc.
It will be interesting to see if TCHH bought shares yesterday, and if we see any 13D disclosures soon.
The risk/reward seems favorable to me at .01, IMO.
Bench
Could it be from the restricted shares becoming unrestricted yesterday?
Bench
Great post. Very educational. Thanks! EOM
This one killed me. I guess I was bound to get suckered with one of these sooner or later.
GTYA
Bench
No doubt. This one can move quickly. EOM
I feel fortunate that my GTC order at .009 filled yesterday and today. Thanks to Gambler for the great DD!
Bench
ENCS on WallSt.Net
Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: INIX, ATNO, MMDA, ENCS, EGMI
Thursday March 13, 7:00 am ET
NEW YORK, March 13 /PRNewswire/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.
Shows air Monday through Friday on:
http://www.wallst.net/wallst_tv/3_minute_press_show/index.php.
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and their company's most recent press releases. Each episode offers investors insight into public companies' recent news, and its impact on these companies' growth.
The following executives were interviewed on today's show:
-- Doug Spadaro, CEO of IFinix Corp. (Pink Sheets: INIX - News)
(http://www.iFinix.com)
-- Christopher Dubeau, CEO of Atlantis Technology Group
(OTC Bulletin Board: ATNO - News; http://www.globalonlinetelevision.com)
-- Alex Shvarts, Chairman and CEO of Mega Media Group, Inc.
(OTC Bulletin Board: MMDA - News; http://www.megamediagroup.com)
-- Anthony Welch, CEO of Encore Energy Systems, Inc. (Pink Sheets: ENCS - News)
(http://www.encoreenergyinc.com)
Does MODC own these company's?:
http://www.moderntechnologycorp.com/Holdings.html
There are three listed, but one is Encore, so I am not asking about that one.
TIA
Bench
Aren't the two company's located in two places? MI and MS?
Nice call - ENCS - It closed at .001. EOM
Am I correct in assuming that next months big announcement will not concern the SMART(TM) Wet Cleaning Solutions product? If so, then I think there is always the possibility we could see more news on that front before then.
Just something else to think about.
Bench
Got some more at .018. A lot of other orders are going through at that price too. Should see a UT soon IMO.
Bench
This one should take us past .06 IMO. EOM
.06's up! EOM
Thanks Joe! I really like number 6:
6) Concerning the ASWD stock, Matt Rose states the stock for shareholders will be "Homerun of all Homeruns."
VERY bold statement by Matt.
Bench
If it gets past .055, we see .08, IMO. EOM
We are number one on IHUB, should be a great day. EOM
Please read his subsequent posts before stating this BS. Thanks.
Bench
It was not "confirmed". It was stated that this was a possibility if the share price was not around $3-$4 when they completed the deal 10 weeks from now.
Bench
Thanks, right back at ya :) Here's to a great day tomorrow for all of us.
Bench
I was in the middle of typing my post when you did, so I didn't see it.
Dude, seriously, I will clarify what I want clarified, the way I want it clarified. It's my investment, my money.
This was going to be my last post on it. I had hoped to show you where GNOTE might be coming from so that maybe you guys might drop the hatchet. My post came out just prior to the "kiss", so maybe it was unnecessary in that respect.
Bench