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I think we should wait and see if you hear back from him. All of us calling would defeat the purpose. Good work!
Its about time! Perhaps we will now begin to rise from the ashes.....
I think its safe to say All of "our" money is plummeting. I whink everyone needs to take a deep breath and wait. If it is painful to watch, step away from the computer for a while.
We all want the same thing, to see what we had faith and invested in take off! Hopefully it will happen, there is a shot it won't. Slamming people does not get your money back
(the generic your...not just you)
Everyone needs to relax a bit. There is no point in stressing about what we can't control.
Hope you all have a great day!
I think the stock stays restricted for a year regardless. I am going to double check though!
The present management has a history of making $.....interesting. If pump and dump is making $ then you would be correct.
I hope that prior to the dump, my shares become unrestricted!
Would there be a point in withholding the news until after the financials? I don't undertand why that would be. Could someone explain...Thanks
Think we should use dice instead.....this is the crap shoot!
I am sure they will do just that!!!!!!
I was hoping the lawsuit changed that. I am sure Moody and BA will run it up and I was hoping to get out while the getting was good!
Are the shares from HISC still restricted or has that changed since the lawsuit?
Are the shares from HISC still restricted or has that changed since the lawsuit?
Well said SNIPER!
I read it this morning on the train, and was also surprised that there was no mention of us. It is disappointing that whenever there is an opportunity for press in a major publication...we miss it!
Is Singular/ATT a new thing? I don't recall hearing that connection before. Unless I missed something and that is quite possible, the talk was about Nextel.
I don't recall any suggestion of tail chasing! Thanks for your persistence and posting the update. Wasn't it Moody who brought the suit? Now he wants it dismissed...odd! Perhaps she misunderstood that part.Have a good weekend.
I stand corrected......point is they don't care what is written here.
With all due respect, Judges do not make decisons based on the postings of this board or any other. If you want to be heard you need to bring a suit or a class action suit.
We need to focus on sales and contracts. Have a good day.
Morning all! Here is to hoping for a good day.
NICE!!!
Not a problem....here is contact info in case anyone wants to go a step further
To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net ; Chad Thomas in Berlin at cthomas16@bloomberg.net .
Humor is good...perhaps if I were having a better day I would have gotten it!
Have a good day.
Here is the information:
Feb. 20 (Bloomberg) -- Volvo AB, the world's second-largest truckmaker, agreed to buy Nissan Diesel Motor Co. for 7.5 billion kronor ($1.1 billion) to gain a regional brand name and add production in Asia, the world's fastest-growing economic area.
Shareholders in Nissan Diesel, Japan's fourth-largest truckmaker, will receive 540 yen a share, Gothenburg, Sweden-based Volvo said in a statement today. That's 22 percent higher than yesterday's closing price on the Tokyo Stock Exchange. Volvo already owns 19 percent of Nissan Diesel.
The maker of Volvo, Mack and Renault brand trucks follows DaimlerChrysler AG, the world's largest truckmaker, in buying a Japanese manufacturer to increase production in the region. Volvo last year sold 7 percent of its trucks in Asia. Nissan Diesel also offers technology that can reduce engine emissions as countries tighten pollution standards.
``Asia has been a weak spot for Volvo,'' said Ichiro Takamatsu, a chief investment officer at Alphex Investments Co., a Tokyo-based hedge fund. ``Volvo gains a channel to expand in Asia by acquiring Nissan Diesel.''
Shares of Volvo gained 8 kronor, or 1.5 percent, to 557 kronor in Stockholm. Nissan Diesel stock rose 18.1 percent to close at 523 yen on the Tokyo Stock Exchange.
``I believe that the merger is the best alternative for Nissan Diesel's future,'' Nissan Diesel President Iwao Nakamura said in today's statement.
Vehicle Development
Jorma Halonen, Volvo's deputy chief executive, said at a Tokyo press conference that acquiring Nissan Diesel was ``very important'' to developing new vehicles that emit fewer pollutants, as tougher emission standards are introduced in Europe, Japan and North America between 2009 and 2013.
Volvo is paying 13 to 14 times net income for Nissan Diesel shares, according to Henrik Breum, an analyst with Danske Equities in Copenhagen, who has a ``buy'' rating on the stock. The industry average in 2007 is 13.2 times earnings, he said.
``I don't think this will have a significant diluting affect in terms of the Volvo shares,'' Breum said.
Credit-default swaps based on 10 million euros of Volvo debt were unchanged at 23,500 euros, according to JPMorgan Chase & Co. Credit-default swaps are based on corporate bonds and are used to speculate on a company's ability to repay debt. A decrease indicates an improvement in credit quality.
The Swedish truckmaker, 20 percent owned by Renault SA, bought a 13 percent stake in Nissan Diesel from Tokyo-based Nissan Motor Co. in March of last year for 1.5 billion Swedish kronor. Volvo boosted its stake to 19 percent in September. Volvo plans to complete the buyout by the end of March.
Combined Profit
Nissan Diesel and Volvo estimated in November that their alliance would boost combined profit by 200 million euros ($263 million) a year within five years. The companies also agreed to share sales networks in Japan, China and North America and develop engines together. Nissan Diesel said it expects to reduce purchasing costs, which total about 180 billion yen a year, by as much as 20 percent by jointly buying parts with Volvo.
The companies will share a chassis for heavy-duty trucks and co-develop a new medium-duty truck. They will also jointly develop diesel-electric hybrid technology and study using alternative fuels including ethanol. Nissan Diesel will use Volvo's auto financing service in North America and other overseas markets.
DaimlerChrysler took control of Mitsubishi Fuso Truck & Bus Corp. from its former parent Mitsubishi Motors Corp., paying 141 billion yen ($1.2 billion) for a 65 percent stake in 2003 and 2004. It gained another 20 percent in 2005.
Asian Acquisitions
Volvo Chief Executive Officer Leif Johansson has said he's focusing on Asian acquisitions for the truckmaking division, in part, because the company is too large in Europe and the U.S. to get regulatory approval for purchases.
Volvo last year sold 47 percent of its trucks in Europe and 43 percent in the Americas. The company develops and produces trucks in Sweden, Belgium, Brazil and the U.S., and has Asian assembly plants in Saudi Arabia, India, Iran, Taiwan, Malaysia, China and Thailand. The European Union blocked Volvo's effort in 1999 to buy Swedish rival Scania AB.
The purchase comes as European truckmakers, flush with profit because of rapid expansion in eastern Europe, are paying shareholders special dividends and seeking acquisitions. MAN AG, Europe's third-largest truckmaker, last September launched a failed takeover of Scania. Volvo, Scania and MAN all boosted their 2006 payments to shareholders as they posted record profit.
Chinese Market
Truckmakers are targeting China, the world's second-largest auto market, where economic growth is projected to boost commercial vehicle purchases. Sales of buses and trucks rose 14 percent in China last year to 2.04 million vehicles. Economic growth of about 9 percent a year for the past decade will likely cause commercial vehicle sales to expand at least 10 percent a year over the long term, according to an estimate by KPMG LLP.
Nissan Diesel is the only one among four Japanese truckmakers that has a production site and sales network in China, according to the company. The company partners with Dongfeng Motor Group Co., China's third-largest automaker.
Volvo aims to raise its Asian market share for heavy-duty trucks, including those made by Dongfeng, to between 20 and 25 percent from between 5 and 10 percent now, Halonen said.
Volvo will assume Nissan Diesel's net interest-bearing debt of about 7.5 billion Swedish kronor. Mizuho Securities Co. is advising Nissan Diesel on the buyout, and Mitsubishi UFJ Securities Co. is advising Volvo.
To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net ; Chad Thomas
NIce try..Moody was there on Monday.....
That would be SWEET!!
I think it is safe to assume that seetling saved not only time but $. Was there any mention of what the terms were? I apologize if it was posted already but i have been away from the computer am playing catch up.
Then 2007 should be REALLY good! LOL
I believe some of our plans are on hold pending the outcome of the lawsuits.
North Carolina
Here is the information you wanted, sorry it took a bit but i had a late meeting. Now its time to watch Gray's Anatomy.
BUNCOMBE COUNTY SUPERIOR COURT CIVIL CALENDAR
SESSION BEGINNING MONDAY, FEBRUARY 19, 2007
COURTROOM NUMBER 710, 7TH FLOOR
HON. MARK E. POWELL, PRESIDING JUDGE
TRIALS BEGINNING MONDAY, FEBRUARY 19, 2007 10:00 A.M.
ORDER OF TRIAL
Marc L Shimberg, Trial Court Administrator
Wanda Ingle, Judicial Assistant II
Fax: 828-250-3831; Phone: 828-232-2750
It appears he is the 3rd case that day, according to the cal.
Thanks...sorry!
I am going to find out if this is actually taking o=place on Monday...It makes no sense but here is the info for now!!
# 3 _____________________________________________________________________________________
TIME: 10:45 AM
06-CVS-005281 Moody,Frank,A,II Rowe,Gary
-VS-
Wicks,Frederick,W Erickson,Paul
Riley,Brian,D ET AL Erickson,Paul
Erickson,Paul
Motions to Dismiss and Change venue(Erickson)
How can it be the 19th? Its a legal holiday!
LOL...you are correct! I was just stating the obvious
EVSY went down 47% today.
Evans Systems, Inc. Ends Attempt to Acquire TeleCents Communications, Inc.
Evans Systems, Inc. (OTCBB: EVSY) announced today that TeleCents Communications, Inc. has withdrawn from the process to be acquired by Evans Systems, Inc. Evans Systems had signed a Letter of Intent to acquire TeleCents Communications, Inc. of Michigan for $13 million in cash and stock considerations. TeleCents Communications, Inc. is a privately held telecommunications company that provides Voice Over Internet Protocol services, internet based call-on demand, and pre-paid, PIN-based calling card services.
TeleCents withdrew from the non-binding Letter of Intent due to two law suits that have been filed which involve Evans Systems and its directors. The first suit has been filed by former Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) CEO and President, Frank Moody II. Moody resigned from Homeland on June 30, 2006. His suit names Homeland and its directors as defendants and claims that he is due up to 7,500,000 shares of Evans common stock. The Company vehemently denies this and has countersued Moody. The issue is before the Courts in North Carolina.
On January 5, 2007, Evans Systems was named a defendant in a law suit in which Big Apple Consulting, USA, Inc. is the plaintiff. Big Apple alleges that according to the terms of a consulting agreement with Evans, it is entitled to approximately 7,600,000 shares of Evans common stock. The Company vehemently denies this claim. In addition, Big Apple Consulting USA, Inc. holds a $1,207,000 convertible promissory note that it purchased for $25,000. Big Apple has sought to convert the note into free trading common shares at a rate of $0.05 per share which would result in Big Apple acquiring 24 million shares of Evans stock. The Company believes that according to the note agreement, the conversion rate should be $0.50 per share which converts to 2.4 million shares. Finally, Big Apple maintains that it is owed a 51% interest in Evans, a claim that is unfounded. The Company has obtained counsel to defend the action, and counterclaim against Big Apple for damages suffered by Evans and Homeland Integrated Security as a result of Big Apple actions.
"It is very disappointing that we were not able to close the TeleCents transaction," stated Fred Wicks, CEO of Evans Systems, Inc. "However, we are aggressively pursuing other acquisition candidates. At the same time we are working diligently to dismiss the litigation that we are facing."
About Evans Systems, Inc.:
Evans' business plan is to acquire finically sound private companies which have innovative technology and a strong potential for profitable growth. These companies will be integrated into Evans and managed as fully independent operating divisions.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Source: Market Wire (February 14, 2007 - 8:30 AM EST)
Your right! It is time to get refocused on what what we all hope will pay off in the end. Telecents was not a part of "our" purchase. It was icing. Maybe this is a good thing....putting the effort back where it belongs!
Here is to moving on and UP!!!
Have a great day!
So much for Friday news! Hope you all have a great weekend.
Congrats Ward on the Ass't position!
I think you need to calm down...try to stay on topic!
Your post is inappropriate.