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Good Afternoon Kyle,
As always it is my pleasure to offer our shareholders as much information as possible pertaining to the recent developments of D Mecatronics Inc.
There is a rule set forth by the Securities Exchange Commission (SEC) in order to address the following circumstance “Regulation FD” (Fair Disclosure) also known as Selective Disclosure and Insider Trading, which may add clarity to your question.
The Securities and Exchange Commission has adopted new rules to address three issues: the selective disclosure by issuers of material nonpublic information; when insider trading liability arises in connection with a trader's "use" or "knowing possession" of material nonpublic information; and when the breach of a family or other non-business relationship may give rise to liability under the misappropriation theory of insider trading. The rules are designed to promote the full and fair disclosure of information by issuers, and to clarify and enhance existing prohibitions against insider trading.
http://www.sec.gov/hot/regfd.htm
http://www.law.uc.edu/CCL/regFD/FD101.html
It is mandated that all publicly traded companies must disclose material information to all investors at the same time.
Furthermore at this time we (D Mecatronics) have not been allotted the necessary permission in order to make public the buyers information, and would not want to disclose that and potentially jeopardize the forward momentum.
To satisfy our shareholders I (and my corporate attorney) am in the process of implementing the necessary mechanisms to make available certain details to the transaction via a Proxy statement.
Once I have completed the following Proxy statement I will make it available by three avenues, I will file it on the Pink Sheets web-page (www.pinksheets.com) post it on our web-page (www.dmecatronics.com) and mail out a physical copy to each individual shareholder.
I certainly hope I have answered your questions to your satisfaction and once again feel free to contact me at any point.
Kindest Regards,
has anyone got an email from Dino today yet?
is OS unchanged?
anyone call dannible mckee see how hacketts audit is going?
also is OS unchanged?
has anyone called dannible and mckee to see how the hacketts audit is going?
D Mecatronics Inc. (Pink Sheets: DMTN) received an offer to be acquired on October 3, 2007 for $89.44 million. D Mecatronics Inc. was offered $0.49 per share in cash for all of its outstanding shares. The deal is subject to completion of due diligence process by both the parties.The Board of Directors of D Mecatronics Inc. has unanimously accepted the proposed buyout on October 17, 2007. The Board recommended that shareholders accept this offer. A shareholders' meeting ...
i got this from businessweek.com....how come it is 89.44 million and not the $120 million reported in finance.yahoo.com???
miagi...the 46% i stated was posted by blue_chips...he has been in contact with the company since he lives in canada. he hasnt posted here in a couple days..maybe we can get some clarification on tht one.
Principles own 46% of the shares right? i believe blue said that to me, just making sure thats correct. That means 46% of the vote is already "yes" people
just because it says that it will be closed by october 31, doesnt mean that they will put out a PR saying "guys, its done!!!" tomorrow, they can take their time.
hammer on candlestick? not paying attention to cahrt today...how was conversation with Tom....
anyone else... OS unchanged?
crook...how you feelin?
Good Morning Kyle,
As director of Public Relations I put forth an assiduous effort to maintain a clear overview of developments pertaining to D Mecatronics, and always I welcome the opportunity to speak with shareholders.
In order to address your questions I would like to begin by drawing your attention to recent News Releases, which have made clear public statement to the direction your Board of Directors have taken in regards to our position, therefore simply put the Board of Directors have voted in favor of the proposed buyout and do not intend to change our stand point.
As for the expected available time frame of our Proxy Statement, we are working diligently to offer it with in the timeliest fashion available, once we have completed our Proxy Statement we intend on filing on the Pink Sheets web-page (www.pinksheets.com), our web-page (www.dmecatronics.com) and sending a physical copy to each individual shareholder.
Once again please feel free to contact me at any point with any further questions you may have, and I assure you that I will respond to the very beat of my ability (keeping within my obligations as your director)
Kindest Regards,
yes it is a 120 million dollar deal.
are they DUE on the 15th of November, or can Seaway file them whenever they see fit?
yes, but where does it say fiscal was at end of sept?
black and white?....i hope no gray, thats for sure like the 8k. where do you get the 15 days calculation? thanks in advance
i just hope we dont have to dilute to get that new acquisition....scared already for this dilution.
he/she is HOPING to see that this week.
friend. :)
hey im just sharing my DD with the board, thats all.
its just that he will take calls about other stocks,,,but not SWVC? i find that strange....if any of you want to call
201-985-8300 Ex. 123....Troy Rillo
I HAVE CALLED YORKVILLE(CORNELL/HIGHGATE), I DID NOT GET A CHANCE TO TALK TO TROY, I TALKED TO HIS SECRETARY, BEFORE SHE KNEW I WAS WITH SEAWAY, SHE ASKED FOR MY NUMBER, A GOOD TIME TO CALL, THEN WHEN SHE ASKED WHAT THE CALL WAS ABOUT, I SAID "SEAWAY VALLEY CAPITAL CORP, FORMALLY GSCARBON CORP" SHE THEN SAID THESE EXACT WORDS:::
MR. RILLO WILL NOT ANSWER ANY QUESTIONS OR TAKE ANY CALLS REGARDING SEAWAY.
just an FYI for any of you out there. Could be that there is going to be a PR this week, and Tom has asked Troy to not take calls...or it could be they are still converting, you take your pick.
Do not call this firm, this is old information,
i emailed, got immediate response from Mellisa, told her to call her, did, they are not longer affliated with Highgate, or Yorkville.
DISREGARD THAT POST
can someone please search in the posts for gottbetter.com and send me the link to that post please. i could be onto something.
just heads up, there has been no response from cornell to my emails. will wait patiently though
any word on the latest OS?
lexl, dont have PM but im still in there, waiting for a profit,, in at 3...oh well...whats your next pick?
Tom needs to address the Cornell issue, the OS is climbing steadily which makes me worry. let me know whats up
hopefully in the 10q
WAG November 28, 2007 07:30 AM EST
have put in many emails to Cornell's "parent" company i guess you could say. I specifically put one into Troy J. Rillo regarding the debt. If we cannot get anything from OUR company, I will try the company that we owe OUR money too.
Obviously it is a Sunday afternoon, I doubt I get any response until this week, if that. Hopefully they will be able answer my questions regarding the convertible debentures.
as you can see, Troy's name is there on the 8k in August
http://www.sec.gov/Archives/edgar/data/884380/000126912707000171/exh10-1.txt
dont see anywhere the end of fiscal year. but who knows...question to anyone on the board, has anyone tried contacting Cornell?
i might put a call into them, specifically Troy J. Rillo, as it seems he is the one to be dealing with SWVC per
http://www.sec.gov/Archives/edgar/data/884380/000126912707000171/exh10-1.txt
whered you get that info?
any idea when the 10q for SEAWAY is supposed to come out?
why was there no 8k filing for SEAWAY, it seems to me that the only thin about this 8k is Wisebuys,
it shows wisebuys debt, not Seaways , formally GSCR
and as of that date, Cornell was 2/3s done
meaning they had roughly 420,000$ left regardless of what they converted at....
thats not very much, we should not be at 657mil
who did Seaway get the 4 mil$ loan from to get hacketts?
yes, good job cdn, but thats the question! why was there SO MUCH paid to Cornell? does anyone have the share count as of August 15th? TIA
this might be old, im just trying to get all my facts straight
In exchange for the capital stock in GS Carbon Trading, GS CleanTech assumed liability to Cornell Capital Partners under certain Convertible Debentures in the principal amount of $1,125,000 issued by GS Carbon to Cornell Capital Partners. Cornell Capital Partners agreed to the transfer of liability and release of GS Carbon from liability under the Convertible Debentures in consideration of GS Carbon's agreement to permit Highgate House Funds, Ltd., an affiliate of Cornell Capital Partners, to purchase 20,000,000 shares of GS Carbon Corporation by cashless exercise of certain warrants issued by GS Carbon to Highgate House Funds.
to me that says that GSCleanTech, AKA GSCT, took over the debt of GSCarbon Corp, AKA GSCR, in exchange for all of GSCR's capital stock in those companies above. Is there a convertible debenture that we do not know about?
As previously communicated, Seaway Valley Capital Corporation had executed stock purchase agreements between shareholders representing approximately 75% of WiseBuys Stores, Inc. However, upon further review of the legal structure of these deals, both management and the WiseBuys sellers are exploring a slight modification that would make these agreements more tax efficient to both the sellers and potentially to the Company. Under the new proposed structure, the WiseBuys transaction will be considered a stock "merger" rather than a purchase, and the Company would seek to merge 100% of WiseBuys into Seaway rather than the 75% previously announced.
this makes me think more and more that there has been a 473million shares given to Cornell....
people, STOP saying Tom needed to raise capial for Wisebuys, there was no need to raise capital...it was MERGED into Seaway Valley Capital Corporation.
crook....someone said they can convert, but they dont have to sell...i find that hard to believe...there is no SET number of shares they can convert or cant convert, there is a number of MONEY they can convert shares for. am i correct or not? let me know
this is getting kinda crazy, i cant find a logical reason for the jump from 185mil to 657 mil?! there is no possible way Cornell needs 472mil to get 1mil$$$$?!?!?!?!