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basher ? - not at all, I'm in this one for several years.
Again - just facts : super clean shell with no debt, excellent share structure and very small public float.
Check last 10-K and see yourself.
And do your own math,as I did.
Good luck !
SG Blocks, Inc. and CDSI Holdings Inc. Enter Into Definitive Merger Agreement
Cdsi Holdings (OTCBB:CDSI)
Intraday Stock Chart
Today : Thursday 28 July 2011
SG Blocks, Inc. (“SG Blocks”), a New York, NY-based provider of code engineered cargo shipping containers modified for use in safe and green construction, and CDSI Holdings Inc. - (OTCBB: CDSI.OB) (“CDSI”), a Miami, FL-based shell company, announced today that they, together with CDSI Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of CDSI (“Merger Sub”), and certain stockholders of SG Blocks (“Signing Stockholders”) have entered into a definitive Merger Agreement and Plan of Reorganization (the “Merger Agreement”).
In accordance with the Merger Agreement, at the closing, Merger Sub will be merged with and into SG Blocks with SG Blocks becoming a wholly-owned subsidiary of CDSI and the current stockholders and warrant holders of SG Blocks will be issued shares, and warrants to purchase shares, of CDSI common stock such that they will beneficially own 91% of CDSI’s common stock post-merger, and CDSI’s current stockholders will own 8% of CDSI’s common stock post-merger. Ladenburg Thalmann & Co. Inc. will receive in the merger 1% of CDSI common stock pursuant to contractual obligations between SG Blocks and Ladenburg Thalmann & Co.
Consummation of the transactions contemplated by the Merger Agreement remain subject to, among other conditions, SG Blocks obtaining the requisite approval from its stockholders. In connection with the execution of the Merger Agreement, holders of approximately 30% of the SG Blocks stockholders have already consented to the transaction. If approved, the merger is expected to be consummated in August or September 2011, after the fulfillment of certain other conditions set forth in the Merger Agreement.
Following the merger, CDSI will be re-named “SG Blocks, Inc.” and its common stock will continue to be traded under the symbol “CDSI.OB” until a new symbol that reflects the new name is secured. As wholly-owned subsidiary of CDSI, SG Blocks will be renamed “SG Building Blocks, Inc.”
“We believe that by becoming a publicly-traded company, it will help us gain access to the capital markets that we need to more aggressively grow our business. We will continue to provide innovative and green solutions for our customers through our economical alternative to conventional construction methods,” said Paul Galvin, CEO of SG Blocks.
Following the closing, CDSI’s executive officers will be the same as SG Blocks’ – Paul Galvin, as CEO; Stevan Armstrong, as President and COO; Brian Wasserman, as CFO; and Jennifer Strumingher as Chief Administrative Officer – and its Board will consist of seven directors – Paul Galvin (Chairman), Joseph Tacopina, Stevan Armstrong, J. Scott Magrane, Claudia Walters, Richard J. Lampen and J. Bryant Kirkland III.
About SG Blocks
Since its inception in 2007, SG Blocks has advanced and promoted the use of code engineered cargo shipping containers in safe and “green” construction and developed and implemented the technology to break away from standardized container-construction while maintaining reduced costs. Offering a product that typically exceeds many building code requirements, SG Blocks seeks to enable developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value.
About CDSI
CDSI is a shell company incorporated in Delaware in December 1993.
SG Blocks, Inc. and CDSI Holdings Inc. Enter Into Definitive Merger Agreement
Cdsi Holdings (OTCBB:CDSI)
Intraday Stock Chart
Today : Thursday 28 July 2011
SG Blocks, Inc. (“SG Blocks”), a New York, NY-based provider of code engineered cargo shipping containers modified for use in safe and green construction, and CDSI Holdings Inc. - (OTCBB: CDSI.OB) (“CDSI”), a Miami, FL-based shell company, announced today that they, together with CDSI Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of CDSI (“Merger Sub”), and certain stockholders of SG Blocks (“Signing Stockholders”) have entered into a definitive Merger Agreement and Plan of Reorganization (the “Merger Agreement”).
In accordance with the Merger Agreement, at the closing, Merger Sub will be merged with and into SG Blocks with SG Blocks becoming a wholly-owned subsidiary of CDSI and the current stockholders and warrant holders of SG Blocks will be issued shares, and warrants to purchase shares, of CDSI common stock such that they will beneficially own 91% of CDSI’s common stock post-merger, and CDSI’s current stockholders will own 8% of CDSI’s common stock post-merger. Ladenburg Thalmann & Co. Inc. will receive in the merger 1% of CDSI common stock pursuant to contractual obligations between SG Blocks and Ladenburg Thalmann & Co.
Consummation of the transactions contemplated by the Merger Agreement remain subject to, among other conditions, SG Blocks obtaining the requisite approval from its stockholders. In connection with the execution of the Merger Agreement, holders of approximately 30% of the SG Blocks stockholders have already consented to the transaction. If approved, the merger is expected to be consummated in August or September 2011, after the fulfillment of certain other conditions set forth in the Merger Agreement.
Following the merger, CDSI will be re-named “SG Blocks, Inc.” and its common stock will continue to be traded under the symbol “CDSI.OB” until a new symbol that reflects the new name is secured. As wholly-owned subsidiary of CDSI, SG Blocks will be renamed “SG Building Blocks, Inc.”
“We believe that by becoming a publicly-traded company, it will help us gain access to the capital markets that we need to more aggressively grow our business. We will continue to provide innovative and green solutions for our customers through our economical alternative to conventional construction methods,” said Paul Galvin, CEO of SG Blocks.
Following the closing, CDSI’s executive officers will be the same as SG Blocks’ – Paul Galvin, as CEO; Stevan Armstrong, as President and COO; Brian Wasserman, as CFO; and Jennifer Strumingher as Chief Administrative Officer – and its Board will consist of seven directors – Paul Galvin (Chairman), Joseph Tacopina, Stevan Armstrong, J. Scott Magrane, Claudia Walters, Richard J. Lampen and J. Bryant Kirkland III.
About SG Blocks
Since its inception in 2007, SG Blocks has advanced and promoted the use of code engineered cargo shipping containers in safe and “green” construction and developed and implemented the technology to break away from standardized container-construction while maintaining reduced costs. Offering a product that typically exceeds many building code requirements, SG Blocks seeks to enable developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value.
About CDSI
CDSI is a shell company incorporated in Delaware in December 1993.
CDSI - sweet , really sweet ...
CDSI - with this share structure AS/25M OS/3.2M it's not hard to imagine what will happen next .
Lets say that the SG blocks has some modest 3M revenues.
I believe this might be the case.
This gives : 3x3M/3.2M = $3USD PPS.
Jizz this one might be listed on NASDAQ/ AMEX in almost no time .
IMHO.
sounds promising ...
http://www.sgblocks.com/
tomorow we'll see at least 3$ - float is so small that it should fly ...
Have no idea, no action for almost a year, however 5k$ volume better than nothing
L2 AUTO On ASK 13.75 1100 shs
$0.0450 67,700 OTO 06/22
$0.0165 87,111 OTO 06/22
???
creative play ?
NITE some 50K at 0.0165 on bid, quit impressive
amazing - would be interesning to know how much shares have been shorted today .
not bad after all those years
really nice, UBSS with 20K 0,22 on bid.Nice, realy nice.
wow - NITE on bid with 250K shares at 0.014
have no idea, but very strong promising bid last 2-3 weeks,hardly believe that anybody just wants shares w/o reason.
Interesning to see UBSS with 60.000 shares on 0.2 bid.
At the same time UBSS is on the top - 2000 6$ ask.
I'm in this one and tracking it several years but haven't seen so strong bid yet.Really hard to imagine that anyone put buy order for some 30K $ w/o reason.
Share structure is almost ideal and float so small , that we can see 3/5/7 who knows ? bucks in one day when/if merger is on the table.
IMO.
solid bid support last weeks, 4 MM's 0.2-0.23
diluttion Y/N ? tomorow will tell
UBSS on bid,ETMM on ask
it doesn't mean anything special ...
Read explanation here :
http://blog.redchip.com/index.php/stocks/otcbb-delistings-and-rule-15c2-11-what-happened
ont he way to double 00 ?
funny trading last times - 100 shs here, 100 there, up and down - funny indeed
any news on this one ?
what's up with this one. Any news ? Anybody ?
Hmm SC 13 sounds promising.
NITE AUTO on BID 5000 / 0.19
nice vol today - 45K shs, 0.1 close AH !
agree, so do I, made a lot of $ last year w/ this one
nice, obviously guys need money ...
B/A
AUTO 0.24 5000
AUTO 0.4 5000
to do list for BSOI - sticker like "To do RM until 2050"
sure, that's all about ...IMO.
what a big deal ? 100 shares traded, that means nothing.IMO
with proper BIOTECH company to be merged in , it is a real flying angel ...
IMO
yes interesning
L2 ASK
AUTO 0.05 5000
LAFC 0.1 5000
HDSN 0.14 5000
regarding DW ? CAML was his last shell I know this for sure.If he bought anything after that , please let us know.
I think DW is out of bussines.Last one CAML sold for in Nov 2009 for lousy 7K $ and quited.As far as I know .
sure they are - do you need official confirmation ?
Congs to all pumpers.You made some 300 K.Very nice, congs !
what taxes ? I don't get it.They are not running company, so just in case - what do have in mind ?
as far as I know there so no obligation on this issue ( name change ) .