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HotOtc.com - Exxon buys land near FRMC - 2/28/2010
Did you know that Shell and Exxon are the most profitable and 2 largest companies in the world. In fact, of the 10 largest companies in the world 7 are oil and gas companies!!!
When Exxon starts buying land in a certain area people take notice. It just happens FRMC is located near where Exxon is buying!
FRMC being strategically positioned in the Permian Basin is a huge advantage for the company.
Oil and gas is a huge sector and companies are very competitive when it comes to claiming hot spots.
FRMC is in a location where huge leader Exxon is aiming to get their feet back on. Imagine if Exxon tapped FRMC one day. We won`t see these prices for long!
"Exxon is the group leader and it sets the trend," said Fadel Gheit, senior energy analyst for Oppenheimer.
Who knows how many more companies are going to get interested in this area now.
Exxons recent $31 billion acquisition of XTO Energy in December of 2009 largely in part for XTOs significant Permian Basin assets, which Exxon originally sold as part of a larger land package to XTO Energy for $500 million five years earlier signals an important shift in strategy for Exxon.
FRMC has now a total of 5,800 acres of oil and gas leases in the Weber City Prospect, an area that is located in the prolific Permian Basin!
The Permian Basin is one of the major oil and gas producing provinces of the world!
FRMC is confident of success for the Weber City Prospect.
One of the main reasons FRMC has secured the Weber City Prospect acreage is because of the Permian Basin`s development history and stable, long-life production.
Based on modeling of a look alike existing producing field, the Anton Irish Field, well recoveries are expected to range from 100,000 to over 500,000 barrels of oil per well. With 40 acre spacing in this area, the project is estimated to produce over 220 million barrels of oil in a successful case!
Project wells are anticipated to flow at initial rates averaging 300 barrels per day, free of formation water!
As our economy gets back in shape oil prices could see a serious increase.
Last December Reuters reported that U.S. investment bank Goldman Sachs expects oil prices to rise to an average $90 a barrel in 2010, before increasing to $110 in 2011.
Who knows, we could maybe even see oil hit $150 like it did summers ago.
The bottom line is that oil and gas are major components in the backbone of our economy and it is dire for us to lower foreign dependency on it.
We need more domestic companies like FRMC with the potential of finding over 220 million barrels of oil! Right here on our own lands!
FRMC has assembled an experienced team of experienced geologists, financiers and executives to implement a growth program that is focused on exploration and development.
FRMC`s President Graham Douglas is an experienced business executive with 35 years of financial and operational management!
FRMC President and CEO Graham Douglas commented, "As part of our long-term strategy, FormCap is continuing to secure additional acreage in the Weber City Prospect area. We are also actively pursuing and evaluating other potential acquisitions for the Company."
FRMC plans to drill an initial 7,000 foot well to test four potentially productive hydrocarbon zones; the San Andres, Clearfork, Wolfcamp and Cisco formations.
Over 100 wells (based on 40 acre spacing) could be drilled on the Prospect and it is estimated that these leases could contain over 220 million barrels of oil in a successful case!!
FRMC could be huge if this project is a success.
For more information on FRMC visit their website at: www.formcapcorp.com Always do your own research and consult with your own financial professional..
Read more: http://stockreads.com/Stock-Newsletter.aspx?id=21416#ixzz1708uhMYP
Request from admin to be the mod.. eom
News on change of president was out on June 21, 2010.
FRMC made the Buzz Cloud... FWIW
Awesome play! At dental appt for 2 of my sons. Talk to you later.
Hasn't traded this high since 2006. eom
Impressive ;)
lol - Sorry... My bad..
FRMC - I like the share structure... This was trading 10x's the current price earlier this year FWIW...
O/S = 44,938,607 as of November 22, 2010.
Only a few shares sold since last year..
O/S = 43,798,607 as of September 30, 2009
FRMC - I like the share structure... This was trading 10x's the current price earlier this year FWIW...
O/S = 44,938,607 as of November 22, 2010.
Only a few shares sold since last year..
O/S = 43,798,607 as of September 30, 2009
FRMC - .04 x .0449 now. eom
I think so as well. Recently bottomed out at .01 - Look what SAEI has done since .006ish area..
FRMC - .032 x .035 - First news since June..
FormCap Corp. Assembles 5,800 Acres of Oil and Gas Leases in Prolific Permian Basin Where Recent M&A Activity Has Surged
FormCap Corp. CEO Provides Corporate Update
RENO, NV, Dec 02, 2010 (MARKETWIRE via COMTEX) -- FormCap Corp. (PINKSHEETS: FRMC), an emerging oil and gas exploration company that is primarily focused on the development of its oil and gas properties in the continental United States, is pleased to announce that it has assembled 5,800 gross acres of oil and gas mineral leases within the Permian Basin at its Weber City Prospect, where it holds a 100% working interest (80% net revenue interest). One of the most prolific sources of oil and gas in the United States, the Permian Basin has once again become a hotbed of exploration activity, as exploration permit applications approved by the Texas Railroad commission for major oil companies like Anadarko, Apache, Chevron, Conoco-Phillips, Devon Energy, Kinder Morgan, and Mobil have risen dramatically. For more information on the Weber City Prospect, please see: www.formcapcorp.com.
The Weber City Prospect is comprised of four potentially productive hydrocarbon zones: the San Andres, Clearfork, Wolfcamp and the Cisco Formation. In Management's opinion, each of these four zones represents a viable drill target. FormCap's primary target in the four zones is the Cisco Formation of Pennsylvanian Age, a structure that has to date hosted extensive deposits of hydrocarbons for a number of majors working in the area. In Management's opinion, detailed geological information on the Weber City Prospect, including well log data, Landsat imagery, seismic analysis and independent third party geological interpretation suggests that the possibility is present for significant hydrocarbon potential. In light of successful exploration programs conducted by others in the immediate area, which are situated in a similar geological setting, Management believes that, in a successful case, there is potential to drill up to 100 wells that could produce over 300 million barrels of oil on the Company's Weber City Prospect.
Mr. Terry R. Fields, President and CEO of FormCap, stated, "As it becomes more challenging to find inexpensive, US-friendly sources of petroleum, the Permian Basin represents an attractive, domestic source of hydrocarbons. The fact that many of the major oil and gas companies in the US are spending significant capital on exploration in the Permian Basin is an acknowledgement of the area's rich oil and gas potential. Simply put, the Weber City Prospect puts FormCap in the heart of the action where billions are being spent on exploration and M&A activity."
On March 15th, 2010, FormCap Corp.'s Consulting Senior Geologist, Thomas Markham was interviewed by Pat Beechinor for "Stockhouse Small Cap Broadcast," a program produced by TheNewswire.ca. In the interview, Mr. Markham described the potential of the Weber City Prospect as, "having reserve exposure to (potentially) over 250 million barrels of oil; this is big time stuff." Mr. Markham, along with other members of FormCap's technical team are preparing a systematic strategy to develop the Weber City Prospect. To listen to the full interview go to: www.stockhouse.com/exec_casts.
FormCap's management team is led by President and CEO Terry R. Fields and a diverse and experienced team of consultants and advisors. FormCap has engaged Mr. Thomas Markham, the prospect generator, as Senior Consulting Geologist; and Nueva Energy Inc., headed by Norman Mackenzie, as Operator. The Company plans to acquire existing production that holds additional development potential. FormCap is currently investigating several prospects that meet this profile and will report such acquisitions when appropriate.
About FormCap Corp. FormCap Corp., a reporting issuer, is an emerging exploration and development company in the oil & gas sector. FormCap's mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development. FormCap's primary focus is the discovery and development of oil and gas in the continental United States. To date, the Company has assembled 5,800 gross acres of oil and gas mineral leases at its Weber City Prospect, located in Curry County, New Mexico. The Weber City Prospect has been defined by detailed geological information; well log data, seismic, Landsat and independent third party geological interpretation. Based on successful exploration programs in the immediate area, which are situated in a similar geological setting, Management believes that, in a successful case, there is potential to drill up to wells that could produce over 300 million barrels of oil on the Company's Weber City Prospect.
For more information please visit the company's website at www.formcapcorp.com or direct your inquiry to info@formcapcorp.com.
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Sweeeeet move from .001 yesterdy..
Thanks - I pulled my order at the open.
USVE - .0001 - Just updated on pinksheets, but look at the share structure.. Crazy.. lol
86,188,033,465 Shares Outstanding
42,888,071,047 Float
100,000,000,000 Authorized Shares
Universal Energy Corp. Elevates Its Status on the Pink Sheets
HOUSTON, TX, Dec 02, 2010 (MARKETWIRE via COMTEX) -- Universal Energy Corp. (PINKSHEETS: UVSE), currently listed on the Pink Sheets (www.otcmarkets.com), is proud to announce that it has improved its status with Pink Sheets from No Information to Current Information. All stockholders can now view the Company's Initial Company Information and Disclosure Statement, as well as other associated financial and legal documents that are required to achieve Current Information Status with Pink OTC Markets, Inc.
"We vowed to remain transparent with our stockholders by providing quarterly and financial information in a timely fashion, and that is exactly what we have done," commented Billy Raley, CEO of Universal Energy Corp. The Company voluntarily suspended its reporting obligations with the SEC in May 2010 as a measure to reduce substantial legal, accounting and other expenses associated with reporting compliance.
Pink Sheets Current Information companies are those that submit filings to regulators with powers of review and that make the filings publicly available, or non-reporting companies that make current information publicly available on the Pink Sheets News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information. The Current Information category is based on the level of disclosure.
Raley continued, "Numerous studies have shown that transparency drives liquidity in the capital markets. We are committed to keeping our investors up to date with the positive events happening at Universal Energy Corp."
FDEI - .0198 x .02
Fidelis Acquires $35,000,000 Solar Technology Assets
LOS ANGELES, CA, Dec 02, 2010 (MARKETWIRE via COMTEX) -- Fidelis Energy Inc. (PINKSHEETS: FDEI) announced today a 420% increase in the value of its Assets with the signing of a technology transfer and joint development agreement with Prism Holdings, Ltd. ("PHL" -- a private company specializing in clean energy technologies) to acquire and develop a select group of proprietary technology Assets from PHL's portfolio.
The transaction is valued at $35,000,000, purchased through an equity-building issuance of preferred stock and will create no debt for the Company. This transaction is the first in a series of anticipated acquisitions planned as a result of the joint development acquisition within the framework of the Company's Solar Energy Acquisition and Development Initiative.
"Fidelis' new strategic direction is exciting and should allow us to attain significant growth," said James Poole, CEO and President. "The solar energy industry is expected to grow at a compounded annual growth rate of 55% and reach over $150 billion by 2015. Fidelis is strategically positioning itself to benefit from this industry growth and add to shareholder value."
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list at www.fidelisenergyinc.com.
Anthony Harvey, Chairman and CEO putting his own money into the company...
On November 22, 2010, Canyon Copper Corp. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with Anthony Harvey, its Chief Executive Officer, Chairman and member of its Board of Directors, whereby Mr. Harvey loaned $75,000 (CDN) to the Company.
On October 7, 2010, Canyon Copper Corp. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with Anthony Harvey, its Chief Executive Officer, Chairman and member of its Board of Directors, whereby Mr. Harvey loaned $50,000 (USD) to the Company.
------------------------------------------------------------------
Mr. Harvey has been consulting to companies in the resource industry for over 40 years and has worked on numerous projects with capital costs exceeding $400 million. He has first hand experience with a wide range of technical, commercial, corporate and associated public company activities with considerable interface around the world with government agencies, financial institutions and the media. From 1959 to 1989 he worked for Wright Engineers Ltd. - Fluor Daniels in various management positions including, Senior Project Manager responsible for the design, construction and start-up of 14 mines world-wide on behalf of major mining corporations.
From 1988 until October 2000, he was a Founder, Director and Senior Executive of Azco Mining Inc., a resource company trading on the Toronto Stock Exchange and AMEX. Azco's principal mineral property was the Sanchez porphyry copper project located near Safford, Arizona. This project was developed through to the bankable feasibility stage and subsequently sold to Phelps Dodge Corporation for $40 million. Azco's second project, Piedras Verdas, in Sonora State, Mexico which was joint ventured with Phelps Dodge and was put into production by Frontera Copper Corporation at an initial rate of 70 million lbs. of copper per year.
Mr. Harvey is currently the President and Founder of ARH Management Limited, a management and consulting company to the resource industry. He was also a former Chairman and Director of Oremex Resources Inc., and Lake Shore Gold Corp., and a former Director of Cobre Del Mayo, a Mexican copper mining company formed in partnership with Phelps Dodge Corporation, and a Director of Terra Energy Corp.
I don't know... Numbers decreased substantially from last year.. Seems with your numbers the stock shouldn't go any lower... Might make for a decent rebound to to .30-.40ish range..
Jade Art Group Inc, (OTCBB: JADA; “Jade Art" or the "Company"), a seller and distributor of raw jade in China, announced today its financial results for the third quarter and nine months ended September 30, 2010.
2010 Third Quarter Financial Highlights
· Revenue was $2.3 million in the third quarter, down from $10.7 million of revenue recorded in the third quarter of 2009.
· Gross profit was $1.4 million, compared to $9.2 million in the third quarter of 2009.
· Net income in the third quarter of 2010 was $235,576, a decrease of 96% compared to net income of $6.3 million in the third quarter of 2009.
Third Quarter 2010 Financial Results
Jade Art Group's third quarter 2010 revenue was $2.3 million, representing a 78% decrease from the $10.7 million of revenue recorded in the comparable period in 2009. This decrease in revenue resulted from a reduced level of orders received from the Company’s major customers.
Gross profit for the third quarter was $1.4 million compared to $9.2 million for the same period last year, a direct result of the decrease in revenue.
Selling, general, and administrative expenses for the third quarter of 2010 were $130,832 as compared to $531,484 for the same period in 2009 due to a reduction in promotional costs.
Bad debt expense for the third quarter was $767,691. This bad debt expense results from delayed payments from our five major customers. As a result of these delayed payments, the Company has suspended shipments of raw jade to two of our customers. The Company will continue to monitor this situation and periodically reevaluate the adequacy of the bad debt reserve.
As a result, net income was $235,576 for the third quarter of 2010 as compared to $6.3 million of the third quarter of 2009. Basic and diluted earnings per share in the third quarter of 2010 were $0.00 as compared to $0.08 per basic and diluted share in the third quarter of 2009.
2010 First Nine Months Financial Results
Jade Art Group’s revenue for the first nine months of 2010 was $11.0 million, a decrease of $6.6 million or 37% from last year’s comparable period’s results. Gross profit for the first nine months of 2010 was $8.1 million, a decrease from the $14.2 million recorded in the first nine months of 2009.
Selling, general and administrative expenses for the nine months ended September 30, 2010 were $353,157 compared to last year’s level of $1,174,353. This 70% decrease reflects a reduction in promotional costs.
Bad debt expense for the first nine months of 2010 was $1,019,064 and there was no bad debt expense for the prior year’s comparable period
Income before taxes for the first nine months of 2010 and 2009 was $6.7 million and $13.0 million, respectively, representing a decrease of $6.3 million or 48% for the 2010 period.
Net income for the first nine months of 2010 was $4.5 million, a decrease of approximately 50% from $9.1 million for the nine months ended September 30, 2009. Basic and fully diluted earnings per share for the first nine months of 2010 was $0.06, while the basic and fully diluted earnings per share for the first nine months of 2009 were $ 0.11.
Financial Condition
As of September 30, 2010, Jade Art Group had cash and cash equivalents of $16.3 million, up from $147,392 as of December 31, 2009. Current assets and current liabilities as of September 30, 2010, were $22.4 million and $1.9 million, respectively, yielding working capital of $20.5 million.
About Jade Art Group Inc.
Jade Art Group Inc. is a seller and distributor in China of raw jade, which has uses ranging from decorative construction material for both the commercial and residential markets to high-end jewelry. For more information, please visit: www.jadeartgroupinc.com/
Very strange... Glad neither of them traded suckering investors in... Who knows though, maybe there's more to the story...
I hope you had a good Thanksgiving...
EGML - .0007 x .02 - News (Time & Sales and last known share structure posted below)
EGM International, Inc. (EGML) Announces the Signing of a Letter of Intent Regarding a Merger with GID Solutions Co., Ltd.
LOS ANGELES, Nov 24, 2010 (BUSINESS WIRE) -- EGM International, Inc. (Pink Sheets:EGML), a Delaware corporation and GID Solutions Co., Ltd. ("GID") a Japanese corporation, have signed a Letter of Intent with respect to the principal terms and conditions under which EGM International, Inc. will acquire one hundred percent (100%) of the outstanding capital stock of GID in exchange for sixty percent (60%) of the total issued and outstanding common stock of EGM International, Inc. Subject to shareholder approval, the merger is expected to be finalized on or about the close of business, December 31, 2010. In accordance with the terms of the letter of intent, the company will change its name to GID International, Inc., and the company will immediately apply for a new CUSIP number and trading symbol to reflect the name change.
Based in Tokyo, Japan, GID is engaged in the development and distribution of fiber optic interconnect products and medical diagnostic technology. For more information visit: http://www.gid-s.jp.
In accordance with the terms of the LOI, at the closing of the merger, all current officers and directors of the company will resign, and Noboru Ayabe will be appointed CEO, President and Director and Issei Sakata will be appointed Treasurer, Secretary and Director.
The parties hereto acknowledge that this letter does not contain all particulars upon which the agreement will be reached in order for the acquisition to be consummated. Further, among other conditions specified herein or otherwise agreed to by the parties, the obligations of all parties are subject to further negotiations.
Forward-Looking Statements: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ from expectations reflected in those statements. The company undertakes no obligation to publicly alter or revise projections to reflect actual events or circumstances that may arise after date of publication.
SOURCE: EGM International, Inc.
CONTACT:
EGM International, Inc. Ms. Emi Takeyama, 213-624-1800
Copyright Business Wire 2010
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EGM International, Inc. (EGML) Announces the Signing of a Letter of Intent Regarding a Merger with GID Solutions Co., Ltd.
LOS ANGELES, Nov 24, 2010 (BUSINESS WIRE) -- EGM International, Inc. (Pink Sheets:EGML), a Delaware corporation and GID Solutions Co., Ltd. ("GID") a Japanese corporation, have signed a Letter of Intent with respect to the principal terms and conditions under which EGM International, Inc. will acquire one hundred percent (100%) of the outstanding capital stock of GID in exchange for sixty percent (60%) of the total issued and outstanding common stock of EGM International, Inc. Subject to shareholder approval, the merger is expected to be finalized on or about the close of business, December 31, 2010. In accordance with the terms of the letter of intent, the company will change its name to GID International, Inc., and the company will immediately apply for a new CUSIP number and trading symbol to reflect the name change.
Based in Tokyo, Japan, GID is engaged in the development and distribution of fiber optic interconnect products and medical diagnostic technology. For more information visit: http://www.gid-s.jp.
In accordance with the terms of the LOI, at the closing of the merger, all current officers and directors of the company will resign, and Noboru Ayabe will be appointed CEO, President and Director and Issei Sakata will be appointed Treasurer, Secretary and Director.
The parties hereto acknowledge that this letter does not contain all particulars upon which the agreement will be reached in order for the acquisition to be consummated. Further, among other conditions specified herein or otherwise agreed to by the parties, the obligations of all parties are subject to further negotiations.
Forward-Looking Statements: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ from expectations reflected in those statements. The company undertakes no obligation to publicly alter or revise projections to reflect actual events or circumstances that may arise after date of publication.
SOURCE: EGM International, Inc.
CONTACT:
EGM International, Inc. Ms. Emi Takeyama, 213-624-1800
Copyright Business Wire 2010
No - But thanks for alerting me to this. It may get a little pop on this news...
I hope to see updates more often here and not have to wait another 4 weeks until the "D" is dropped off the ticker
symbol....
Canyon Copper Announces Effectiveness of 79-For-100 Reverse Stock Split
VANCOUVER, BC, November 24, 2010 - Canyon Copper Corp. (the "Company") (OTCBB:CNYCD) announced today that it amended its Articles of Incorporation in accordance with Article 78.207 of Chapter 78 of the Nevada Revised Statutes by decreasing its issued and authorized common stock on a 79-for-100 basis (the "Reverse Split"). Accordingly, the authorized capital of common stock has been decreased from 166,666,666 shares, par value $0.00001 per share, to 131,666,666 shares, par value $0.00001 per share. As a result of the Reverse Split, the number of shares of the Company's common stock outstanding was decreased correspondingly from 78,390,307 to 61,928,359 shares. Stockholders of record can surrender their old pre-split share certificate to the Company's transfer agent, Pacific Stock Transfer Company, to obtain a new share certificate representing the post-split shares.
The Company approved the Reverse Split in order for its capital structure to conform to the capital structure requirements of the TSX Venture Exchange.
As a result of the Reverse Split, the Company's trading symbol changed from "CNYC" to "CNYCD". The "D" will be removed from the Company's trading symbol 20 business days from the effective date of the Reverse Split.
About Canyon Copper
Canyon Copper Corp.'s New York Canyon Property is located in the New York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains partially open. The Copper Queen mineralized zone is located approximately three kilometres west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.
On behalf of the Board of Directors,
"Anthony Harvey"
CANYON COPPER CORP.
Anthony Harvey, CEO and Chairman
Have a great Thanksgiving everyone.
I have my sons home with me today.. We need to run some errands.. Going to a cheese factory to buy fresh curds and will stop at a small Amish bakery, that's way out in the backwoods...
Take care & be safe...
And have a happy Birthday Dijeetyet ;)
Agreed. That's why I'm here. I think it's time.. eom
It really is great news. They seem determined to finally get this one moving up.. IMHO
We shall see...
Now it is.. eom
Was that a post to me? Because I don't care if you are in or not...
EMXC - .002 x .0021 - Fantastic News.. IMO
eMax Holdings Corporation Has Initiated a Stock Buy Back Program
SALT LAKE CITY, UT, Nov 24, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC), recently renamed eMax Worldwide, Inc. (www.emaxworldwide.com), today announced that they have commenced a buy back program of their common stock. The CEO, Roxanna Weber, stated the buy back program will be multifaceted. Roxanna Weber stated, on Monday of this week, "We have started to buy stock out of the open market." As the company acquires the shares they will request their brokerage firm monthly to remove the shares from the float by ordering up certificates and this measure will begin to reduce the shares in the float. Also, over the past two weeks, the company has successfully enlisted the support of other investment groups to suggest they should buy shares out of the market and accumulate for long term investments. In addition, the company is preparing in the very near term to establish and implement a fixed price tender offer, with a premium offered over the current market price, and to further state that the company believes the company's equity is undervalued. The company is committed and is preparing currently to file any and all necessary filings with the SEC, NASDAQ, and the OTCIQ markets representing their quarterly buy back activities. The company truly is committed to the share buy back program for a very long time and to such time as the company's market value is reflective of its true book value.
About eMax Worldwide, Inc.
eMax Worldwide, Inc. (www.emaxworldwide.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through two corporations: EMAX Media Group and EMAX Finance, Inc.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
Roxanna Weber
nfo@emaxworldwide.com
(850) 638-3920
Investor Relations
Patrick Murray
Level Stock
levelstockpicks@gmail.com
SOURCE: eMax Holdings Corporation
CONTACT: mailto:nfo@emaxworldwide.com
mailto:levelstockpicks@gmail.com
Agreed. Couldn't ask for better news. Now let's see her follow thru ;)
EMXC - .0019 x .002 - Fantastic News.. IMO
eMax Holdings Corporation Has Initiated a Stock Buy Back Program
SALT LAKE CITY, UT, Nov 24, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC), recently renamed eMax Worldwide, Inc. (www.emaxworldwide.com), today announced that they have commenced a buy back program of their common stock. The CEO, Roxanna Weber, stated the buy back program will be multifaceted. Roxanna Weber stated, on Monday of this week, "We have started to buy stock out of the open market." As the company acquires the shares they will request their brokerage firm monthly to remove the shares from the float by ordering up certificates and this measure will begin to reduce the shares in the float. Also, over the past two weeks, the company has successfully enlisted the support of other investment groups to suggest they should buy shares out of the market and accumulate for long term investments. In addition, the company is preparing in the very near term to establish and implement a fixed price tender offer, with a premium offered over the current market price, and to further state that the company believes the company's equity is undervalued. The company is committed and is preparing currently to file any and all necessary filings with the SEC, NASDAQ, and the OTCIQ markets representing their quarterly buy back activities. The company truly is committed to the share buy back program for a very long time and to such time as the company's market value is reflective of its true book value.
About eMax Worldwide, Inc.
eMax Worldwide, Inc. (www.emaxworldwide.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through two corporations: EMAX Media Group and EMAX Finance, Inc.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
Roxanna Weber
nfo@emaxworldwide.com
(850) 638-3920
Investor Relations
Patrick Murray
Level Stock
levelstockpicks@gmail.com
SOURCE: eMax Holdings Corporation
CONTACT: mailto:nfo@emaxworldwide.com
mailto:levelstockpicks@gmail.com
Wow! Sweeeeeet news!!!!
More buying pressure so far today then we had all of yesterday..
You're welcome. I like the potential here with NSFE. It appears others do as well. We are almost at 100 BM's (followers) And you can't beat the shares structure either...
SHARE STRUCTURE:
Confirmed on 11/12/10:
A/S: 300,000,000
O/S: 131,170,304
RESTRICTED: 74,002,989
Float: 57,167,315
Time & Sales
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Recent Timeline of Events -
November 12th 2010 = Press release on company website of their intentions to buy back shares on the open market. Also hinted aquisitions and or partnerships...
http://nstp.biz/ENInvestorsPress.htm
November 16, 2010 = SAFE*T*TRANSPORT, INC. moved to active status. JAY KOTHARI (Current COO of NSFE) is President, Director, Secretary, & Treasurer. This company may be aquired by NSFE and become a subsidiary.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=sOX7H2yaqx2zNA8Jgj37LA%253d%253d&CorpName=SAFE*T*TRANSPORT%2c+INC.
Ball is in motion. What's next and when? We should have more details soon... IMHO
Looking forward to seeing them.. Thanks..