Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
actually..only 815,000 eom
well Josey
You don't think shareholders of every other pink sheet stock call companies that are rumored to be in a deal? Happens all the time..Do all these deals suddenly fall apart as well?
For the record, I never called XM...doubt there was any potential deal anyways.
usually it's Bulldog...eom
It's not about fooling anyone
It's a message board where people can express their feelings..Companies are not doing squat, so people have every right to say what they want. The best way to shut them up?...how about these companies actually do something.
yes, it is worthless
It always has been..nothing but a pump rumor board. When was the last time the companies were discussed...the product, how revenues will be generated, ect.....How would potential new shareholders even know what the company does?
This is not the bashers fault Josey...it's on the company. Where is the business plan, the communication with shareholders? The silence is slowly killing these stocks..
I have nothing to
back up what I say? No..that would be these companies...look at the past PRs..have any of them come true?...the answer is no.
P2d..the problem
is that everyone is waiting on this merger.....I say, so what?
You brought up a valid point that I have posted about before...are these real companies? Where is the product? Are they even trying to generate revenues? Merger?....what good is a merger between 2 companies that aren't doing anything.
7 million in revs
...but they Pr'd later that they were going to up that projection lol....then, well...never heard anything about revenues again. The pump was in full force then, borderline criminal.
you guys are unbelievable....EOM
waltczyk
"and finally as a poster i laugh at all the bagholders who think anything negative written means that i am against this stock"
That's because most that are left here are just pumpers...and they certainly don't want to hear anything negative about their stock. They don't want a debate because they can't win..the companies haven't done a thing this year. The stock will rise when the companies actually do something...then buyers may come in and that's what makes stocks go up...buying pressure. Manipulation posts are a total joke...MMs manipulating a stock that is under a penny? laughable.
simple question
Been away for a while...how many tubes are now assembled? I always assumed that if this company was legit, then the tubes would be built....so have they been?
Looking at the current PPS..the answer is probably obvious
Right...spot on
stock is going up up up...too funny
Yup
it's always the MMs fault
stock at .01..no business plan, no communication...nothing...but it's the MMs fault...If I had a dime.....
King Oil..you are way off
$5 by Xmas 2006??? Rivera told me $30 in 3 months in Feb....lol..not kidding
Now that is a great post
how true it is..
alj
I wish a had a dime for every time I heard that..From my experience, a company that doesn't communicate with its shareholders, does so for one simple reason..they have nothing to communicate.
He must have seen
the writing on the wall..
not the record date
that's up to the company
Sorry Josey
You are wrong...the company announces the record date.
I have been right about everything...I have posted what the company has PR'd, and what they have accomplished. To date, it hasn't been much.
OK Josey
when is the ex divy or record date date then if the PR was so consise.
"I don't even care if NWWV is a real company or if they generate income. I want the stock to have a run end of story."
All I can say to this is..WOW!!
S-4 Info
http://tinyurl.com/23trhg
Registration Using Form S-4
Whether to use a Form S-4 registration will largely depend on whether the U.S. buyer is required to obtain approval from its shareholders for the transaction, as well as the number of target shareholders involved. In addition to registering securities, the Form S-4 is frequently used as a proxy statement for the U.S. buyer to solicit proxies from its shareholders to approve the transaction. Utilizing a Form S-4 to register the acquisition consideration, however, can be more expensive and time consuming than other alternatives simply because of the amount of information required for disclosure.
Under this Form S-4 registration process, the parties would execute an acquisition agreement and the closing of the transaction would not occur until the Form S-4 was declared effective by the SEC. Target shareholders would not receive any of their consideration until the closing (once the SEC approves the registration), at which time they would receive registered shares of the buyer’s stock that they could freely sell in the U.S. public market.
Given the amount of information required to be included in the Form S-4, it could require 4 months from the time a stock purchase agreement is signed to the eventual closing of the transaction. The Form S-4 could not be filed until approximately 45-60 days after the execution of the stock purchase agreement. Preparing the Form S-4 is a time-consuming and expensive process because the Form S-4 is a complex document that requires a detailed description of both the buyer and the target, the details of the proposed transaction, financial statements of both parties, and consents from the parties’ auditor and legal counsel. If a foreign target’s financial statements were not prepared using U.S. accounting principles (GAAP), it is very likely that those financial statements would have to be converted to these GAAP principles, a process which can consume two months.
Once the Form S-4 is filed with the SEC, the SEC typically takes two weeks to determine whether it will review the document. If the SEC determines not to review the filing, the registration statement may be declared effective within 48 hours and would then be mailed to the buyer’s shareholders for approval of the transaction. However, if the SEC reviews the registration statement, it might require 30 days to receive the first set of comments and then several weeks to respond to the SEC’s comments. Given the complexity of and the amount of information in a typical Form S-4, it is normal to expect resolving and responding to SEC comments to consume approximately 60 days. This review process could cost the buyer as much as $300,000, which, in many cases, would cause a buyer to consider an “adjustment” to the transaction price to compensate for this extraordinary expense and delay. In summary, the process of utilizing a Form S-4, even if not reviewed by the SEC, can significantly delay the closing of an acquisition and introduces additional costs, complexity and deal risk to the transaction.
Registration Using Form S-3
Compared to pursuing the Form S-4 registration process, both buyers and targets find that utilizing a registration statement on Form S-3 is typically fast and inexpensive, and entails less risk for a failed closing. However, it is often difficult to convince shareholders of foreign targets to accept “restricted securities,” which are not immediately tradable, as closing consideration.
Under the Form S-3 process, the parties typically execute a stock purchase agreement and close on the same day, with the target shareholders receiving all transaction consideration at the closing. The buyer’s shares issued in the transaction are not registered with the SEC, meaning that target shareholders cannot freely sell these shares in the U.S. public market until the Form S-3 is filed and declared effective by the SEC. Accomplished as a “private placement,” the parties also often execute a Registration Rights Agreement requiring the buyer to file a Form S-3 and to use its best efforts to obtain SEC approval of the registration.
Registering shares on a Form S-3 can take as few as four weeks and, in the case of an SEC review of the filing, might take approximately eight to ten weeks from the closing of the acquisition.
Conclusion
In summary, for most acquisitions of non-U.S. companies that do not require the approval of the buyer’s shareholders, the Form S-3 approach is preferable to the Form S-4 process for rapidly registering the shares in an acquisition. Certainly for WKSIs, utilizing an immediately effective Form S-3 can provide registered shares within days of a closing. For non-WKSI buyers, although target shareholders must wait several weeks to have their shares registered, utilizing a “short-form” Form S-3 registration process is more efficient, less expensive and less time consuming than adopting a Form S-4 process.
restricted shares
are most always 1 year if not 2....I don't think it is up to the companies in a merger of this kind...It almost happened in another pinky I followed. This was a spin off and the CEO decided not to go through with it because he didn't want the shares restricted for the shareholders. Instead, they did a reverse merger into a shell.
Those stating 4 month or less on the restriction are not basing it on anything..and it doesn't make sense..Has anyone ever heard of a 4 month or 2 month restriction....I haven't.
LSU
The merger may have happened..I hope it did..If this company is playing games and are not legit....then they just bought themselves 4 more months.
As a PLYCF shareholder, if my shares are restricted for 16 months...then that just sucks...sorry, there just doesn't seem to be any positives....What are these companies actually doing? are they trying to generate revenues..what's the game plan?
Remember when PLYCF PR'd that they generate $200k in Revenues last January?...then not a single word since about any contests or how they plan to make money.....This whole thing is bordering on scam, IMO..How can any shareholder be satisfied when these companies don't communicate a thing to their shareholders?
When is the ex dividend date? We don't even know if PLYCF shares bought today qualify for the 1 for 1. That's just ridiculous...did you read the PR today? It's not only unclear with little detail, but the grammar is atrocious...third rate.
MRkt-Nu-B
That is my take..there is no positive to this that I can see...except that the companies apparently are not fading away. Of course, there is no way we can be certain of that either since they just bought themselves another 4 months.
Cat
that is correct, the time of the restriction is known...usually 1 year....it's just when it starts...which would probably be when the shares are issued...which is 4 months according to the PR..
LSU
With all do respect, restricted shares from a merger are most always 1 year or longer. If the shares were to be free trading after the S-4 was complete in 4 months or less, then there would be no reason for the PR to call them "restricted". I hope I'm wrong.
Josey
Are you telling us that PLYCF shares that are converted to NWWV shares will be free trading in 4 months? If so, why did the PR state restricted shares?
Josey
Are you sure about this? That's not how it is worded...and restricted shares are usually a minimum of 1 year
"audits and dividend spin off
which are both slated to be finished in the 4th quarter of this year."
I thought audit was completed for NWWV??
I believe the restriction
would start when shares are issued...in 4 months...not at the merger completion date. I would assume a 1 year restriction..basically sucks for PLYCF shareholders...but better than fading away as Buddy posted.
Good question
The PR had very little detail, as usual. Basically, they put everyone on hold for another 4 months...They can drag this on for a while. 4 months for an s-4?
Cat
yes, but PLYCF shares will be worthless I assume...16 months is a long time to wait..
So PLYCF shareholders
Get a 1 for 1 in NWWV, but can't sell for a year..and that timeline won't start for another 4 months. 16 months until I can sell...I guess I will be here for a while folks sorry...can't even sell now on a spike if I wanted to..and believe me, I do.
Goodbuddy
you have no idea what I have or have not done. Why don't you comment on the news..restricted shares and not until 4 months?
Restricted shares??
That just blows...but I don't think they had a choice
soccer sucks eom
Bulldog
"I got a confirmation.... just wait! If nothing comes this week I will stop posting! I am that confident!!!"
Times running out...
not a clean shell though
isn't that why they couldn't merge with NWWV??
Great ...another demo
YAWN........