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Loving the big a$$ slaps. Can't wait for Tuesday.
Nice support is chasing the ask. Looking good!
Impressive action. Just bought in.
Nice start of the day here!
Watch IDCN for a .0012 break. This stock can move fast.
L2 is shaping up nicely. .0012 break coming today, IMO.
Solid PR. CNBR is creating the network to offer many services. Beyond that, the company is building value. All good signs for potential and current investors, IMO.
Promising news. I am watching carefully.
Great trading this afternoon. IDCN is forming a nice base.
UP ticking without trades. Record date for free spin off shares is close of business on February 16, 2010. Reasonable to expect an increase in PPS.
Great call on AOTL, Tyler!
Lot folks, PCAI is looking solid!
http://finance.yahoo.com/news/Petroleum-Consolidators-of-iw-1491914550.html?x=0&.v=1
PCAI is up ticking without trades. Record date for free spin off shares is close of business on February 16, 2010. Reasonable to expect an increase in PPS.
http://finance.yahoo.com/news/Petroleum-Consolidators-of-iw-1491914550.html?x=0&.v=1
.0012's up on IDCN. Big ask slaps.
Amazing call on GTLTW!
.001's just got lit up on IDCN. Now 4 MM's at .001 on the bid and the ask is thin.
Impressive buying there.
Nice bid support-3 MMs stacked at .008.
All of these pick ups will look really good shortly, IMO.
Good morning from snowy Connecticut!
Exactly. Rewarding shareholders.
Hi All. Stay safe and warm. Good thing the market is heating up!
Close of business on February 16, 2010, as the record date for the spin off. Only shareholders and beneficial owners of record of Petroleum Consolidators on the record date will be entitled to participate in the stock distribution. Following the record date, shares of Petroleum Consolidators common stock will trade "ex-dividend."
I agree. I expect PCAI's PPS to increase as the record date nears. Much more to come here, IMO.
Might have been a wash trade. Who knows. This play can go either way. I like the news though. Best of luck, Lotters!
PCAI has released two solid PRs in two business days. The market did not take notice of today's PR. Once some saavy investors get in volume and awareness will follow.
Go PCAI!
That is a great PR.
PCAI will make a nice move once investors get wind of today's PR.
PCAI just announced a spin-off with a 2/16 record date:
Petroleum Consolidators of America Announces Record Date for Spin Off of Pico Corporation
PALM BEACH GARDENS, FL -- (Marketwire) -- 02/08/10 --
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI) announced today that it has formed a new wholly-owned subsidiary, Pico Corporation, for the purpose of spinning off, pro rata to the beneficial owners of its common stock, all of its interest in that subsidiary and its associated operations
Pico was formed and organized as a new holding company for Petroleum Consolidators' historical operations and subsidiaries, consisting of Pioneer Realty Group, Inc., and Gas Retailers, Inc. The formation of Pico was undertaken in anticipation that Petroleum Consolidators will consummate the previously announced and pending acquisition of CTX Technologies, Inc
Pico is a wholly owned subsidiary of Petroleum Consolidators. All of the shares of Pico owned by Petroleum Consolidators will be spun off to the beneficial owners of Petroleum Consolidators' shares of common stock, pro rata, in the form of a stock distribution. Beneficial owners of Petroleum Consolidators' common stock entitled to participate in the distribution will receive one share of Pico for every 14 shares of Petroleum Consolidators that they own as of the record date
Petroleum Consolidators has established the close of business on February 16, 2010, as the record date for the spin off. Only shareholders and beneficial owners of record of Petroleum Consolidators on the record date will be entitled to participate in the stock distribution. Following the record date, shares of Petroleum Consolidators common stock will trade "ex-dividend."
Pico Corporation intends to prepare and file a registration statement with the Securities and Exchange Commission registering the spin-off distribution of the shares of Pico to the beneficial holders of Petroleum Consolidators' common stock. The spin off will not occur until the registration statement has been declared effective by the Securities and Exchange Commission ("SEC"). Until the registration statement has been filed, declared effective by the SEC and the distribution completed, the shares of Pico Corporation that will be spun off have been transferred to and will be held in trust for the benefit of Petroleum Consolidators' shareholders entitled to participate in the spin off
Other Matters
On or about May 3, 2009, Petroleum Consolidators terminated its agreement with Sunderland Capital, LLC, with regard to an equity line of credit. The company's entry into the agreement was previously announced, on or about, February 16, 2009. Also, on or about October 15, 2009, Petroleum Consolidators terminated its letter of intent to acquire an Indian River County, FL gasoline facility. The company's entry into the letter of intent was previously announced on or about April 14, 2009. Further, on or about September 14, 2009, Petroleum Consolidators' agreement with an investment bank to raise certain financing, which was previously announced on or about August 11, 2009, was terminated by the investment bank
About Petroleum Consolidators
Petroleum Consolidators, based in Palm Beach Gardens, Florida, through its wholly owned subsidiaries Pioneer Realty Group and Gas Retailers is in the business of acquiring retail gasoline facilities. For more information please visit the company's web site at www.petroleumconsolidators.com
Forward-Looking Statements
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Petroleum Consolidators' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which Petroleum Consolidators' currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals, the filing and effectiveness of the registration statement related to the spin off distribution, and other risks
For further information, contact: David Cohen Petroleum Consolidators of America, Inc
Tel: (561) 483-4440 Email Contact
That is a distinct possibility!
PCAI Spin off PR 3:02
Petroleum Consolidators of America Announces Record Date for Spin Off of Pico Corporation
PALM BEACH GARDENS, FL -- (Marketwire) -- 02/08/10 --
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI) announced today that it has formed a new wholly-owned subsidiary, Pico Corporation, for the purpose of spinning off, pro rata to the beneficial owners of its common stock, all of its interest in that subsidiary and its associated operations
Pico was formed and organized as a new holding company for Petroleum Consolidators' historical operations and subsidiaries, consisting of Pioneer Realty Group, Inc., and Gas Retailers, Inc. The formation of Pico was undertaken in anticipation that Petroleum Consolidators will consummate the previously announced and pending acquisition of CTX Technologies, Inc
Pico is a wholly owned subsidiary of Petroleum Consolidators. All of the shares of Pico owned by Petroleum Consolidators will be spun off to the beneficial owners of Petroleum Consolidators' shares of common stock, pro rata, in the form of a stock distribution. Beneficial owners of Petroleum Consolidators' common stock entitled to participate in the distribution will receive one share of Pico for every 14 shares of Petroleum Consolidators that they own as of the record date
Petroleum Consolidators has established the close of business on February 16, 2010, as the record date for the spin off. Only shareholders and beneficial owners of record of Petroleum Consolidators on the record date will be entitled to participate in the stock distribution. Following the record date, shares of Petroleum Consolidators common stock will trade "ex-dividend."
Pico Corporation intends to prepare and file a registration statement with the Securities and Exchange Commission registering the spin-off distribution of the shares of Pico to the beneficial holders of Petroleum Consolidators' common stock. The spin off will not occur until the registration statement has been declared effective by the Securities and Exchange Commission ("SEC"). Until the registration statement has been filed, declared effective by the SEC and the distribution completed, the shares of Pico Corporation that will be spun off have been transferred to and will be held in trust for the benefit of Petroleum Consolidators' shareholders entitled to participate in the spin off
Other Matters
On or about May 3, 2009, Petroleum Consolidators terminated its agreement with Sunderland Capital, LLC, with regard to an equity line of credit. The company's entry into the agreement was previously announced, on or about, February 16, 2009. Also, on or about October 15, 2009, Petroleum Consolidators terminated its letter of intent to acquire an Indian River County, FL gasoline facility. The company's entry into the letter of intent was previously announced on or about April 14, 2009. Further, on or about September 14, 2009, Petroleum Consolidators' agreement with an investment bank to raise certain financing, which was previously announced on or about August 11, 2009, was terminated by the investment bank
About Petroleum Consolidators
Petroleum Consolidators, based in Palm Beach Gardens, Florida, through its wholly owned subsidiaries Pioneer Realty Group and Gas Retailers is in the business of acquiring retail gasoline facilities. For more information please visit the company's web site at www.petroleumconsolidators.com
Forward-Looking Statements
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Petroleum Consolidators' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which Petroleum Consolidators' currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals, the filing and effectiveness of the registration statement related to the spin off distribution, and other risks
For further information, contact: David Cohen Petroleum Consolidators of America, Inc
Tel: (561) 483-4440 Email Contact
Great PCAI news!!!
Major accumulation on IDCN. Great indicator that we are going much higher.
Holding up well. This stock can really run on a break of a penny. On High watch, IMO.
Uptick and nice fill in on the bid.
.0011 print on IDCN. 3 MMs stacked at .001
1 MM left at .001. Getting slapped silly. Look for a break any minute.
Agreed. IDCN can really take a life of its own on a .001 break.
GM Loters. Keep an eye on PCAI. Had solid merger news right before the close on Friday. Tiny O/S. If it gets some momo it can be a multi-bagger.
Here is the news:
Merger news http://ih.advfn.com/p.php?pid=nmona&cb=1265522384&article=41422688&symbol=NO%5EPCAI
Petroleum Consolidators of America Enters Into an Agreement to Acquire CTX Technologies, Inc.
Date : 02/05/2010 @ 3:14PM
Source : MarketWire
Stock : Petroleum Consolidators of America, Inc. (PCAI)
Quote : 0.009 0.006 (200.00%) @ 4:54PM
Petroleum Consolidators of America Enters Into an Agreement to Acquire CTX Technologies, Inc.
PALM BEACH GARDENS, FL -- (Marketwire) -- 02/05/10 --
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), announced today that, on February 4, 2010, it entered into an agreement to acquire CTX Technologies, Inc., a mobile telecommunication technology company located in Mississauga, Ontario, Canada and with operations in China and Korea
Under the agreement, Petroleum Consolidators expects to exchange shares of its preferred stock for all of the shares of capital stock of CTX. The preferred stock will be convertible into shares of common stock on a 500 for 1 basis at any time, subject to certain anti-dilution adjustments. At closing there will be a change of control of Petroleum Consolidators, whereby three of the directors to be designated to the board of Petroleum Consolidators will be designated by CTX and two will be designated by Mr
Cohen, the current CEO and sole director of Petroleum Consolidators. Mr
Cohen will continue as Petroleum Consolidator's President and Chief Executive Officer following closing
The closing of the acquisition is subject to the spin off described below, approval of the boards of directors of each company, approval of CTX's shareholders, the cancellation of certain shares of common stock and approximately 1.93 million shares of Series C preferred stock of Petroleum Consolidators by Mr. Cohen, the sale of 9 million shares of Series B preferred stock by Mr. Cohen to certain purchasers designated by CTX, the execution of a new employment agreement between Mr. Cohen and the company, and other customary conditions to closing
Petroleum Consolidators' subsidiaries, Pioneer Realty Group, Inc., and Gas Retailers, Inc. either will be sold, liquidated or spun off into a separate public company under the leadership of Mr. Cohen, Petroleum Consolidators' President and CEO. A record date for the spin off is expected to be established as of a date prior to the effective date of the proposed acquisition of CTX by Petroleum Consolidators, thereby ensuring that the economic benefit of these existing operations is received by Petroleum Consolidators pre-acquisition shareholders
About CTX
CTX, based in Mississauga, Ontario, Canada, is a technology company that manufactures and distributes a mobile telecommunication, IT Data management and mobile data input accessories
About Petroleum Consolidators
Petroleum Consolidators, based in Palm Beach Gardens, Florida, through its wholly owned subsidiaries Pioneer Realty Group and Gas Retailers is in the business of acquiring retail gasoline facilities
For more information please visit the company's web site at www.petroleumconsolidators.com
Forward-Looking Statements
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Petroleum Consolidators' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which Petroleum Consolidators' currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and satisfying the conditions to closing and other risks
For further information, contact: David Cohen Petroleum Consolidators of America, Inc
Tel: (561) 483-4440 Email Contact
GM Baggers. Watch PCAI Released merger news 45 minutes before the close on Friday. Could be a runner. Great SS.
Merger news http://ih.advfn.com/p.php?pid=nmona&cb=1265522384&article=41422688&symbol=NO%5EPCAI
Petroleum Consolidators of America Enters Into an Agreement to Acquire CTX Technologies, Inc.
Date : 02/05/2010 @ 3:14PM
Source : MarketWire
Stock : Petroleum Consolidators of America, Inc. (PCAI)
Quote : 0.009 0.006 (200.00%) @ 4:54PM
Petroleum Consolidators of America Enters Into an Agreement to Acquire CTX Technologies, Inc.
PALM BEACH GARDENS, FL -- (Marketwire) -- 02/05/10 --
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), announced today that, on February 4, 2010, it entered into an agreement to acquire CTX Technologies, Inc., a mobile telecommunication technology company located in Mississauga, Ontario, Canada and with operations in China and Korea
Under the agreement, Petroleum Consolidators expects to exchange shares of its preferred stock for all of the shares of capital stock of CTX. The preferred stock will be convertible into shares of common stock on a 500 for 1 basis at any time, subject to certain anti-dilution adjustments. At closing there will be a change of control of Petroleum Consolidators, whereby three of the directors to be designated to the board of Petroleum Consolidators will be designated by CTX and two will be designated by Mr
Cohen, the current CEO and sole director of Petroleum Consolidators. Mr
Cohen will continue as Petroleum Consolidator's President and Chief Executive Officer following closing
The closing of the acquisition is subject to the spin off described below, approval of the boards of directors of each company, approval of CTX's shareholders, the cancellation of certain shares of common stock and approximately 1.93 million shares of Series C preferred stock of Petroleum Consolidators by Mr. Cohen, the sale of 9 million shares of Series B preferred stock by Mr. Cohen to certain purchasers designated by CTX, the execution of a new employment agreement between Mr. Cohen and the company, and other customary conditions to closing
Petroleum Consolidators' subsidiaries, Pioneer Realty Group, Inc., and Gas Retailers, Inc. either will be sold, liquidated or spun off into a separate public company under the leadership of Mr. Cohen, Petroleum Consolidators' President and CEO. A record date for the spin off is expected to be established as of a date prior to the effective date of the proposed acquisition of CTX by Petroleum Consolidators, thereby ensuring that the economic benefit of these existing operations is received by Petroleum Consolidators pre-acquisition shareholders
About CTX
CTX, based in Mississauga, Ontario, Canada, is a technology company that manufactures and distributes a mobile telecommunication, IT Data management and mobile data input accessories
About Petroleum Consolidators
Petroleum Consolidators, based in Palm Beach Gardens, Florida, through its wholly owned subsidiaries Pioneer Realty Group and Gas Retailers is in the business of acquiring retail gasoline facilities
For more information please visit the company's web site at www.petroleumconsolidators.com
Forward-Looking Statements
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address Petroleum Consolidators' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which Petroleum Consolidators' currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and satisfying the conditions to closing and other risks
For further information, contact: David Cohen Petroleum Consolidators of America, Inc
Tel: (561) 483-4440 Email Contact