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ETMO planning to uplist to OTC BB!!! GO ALAN!!!!
UT!!!! Finally
25k buy premarket at .0006 - NEWS Coming?????
There's another 50k - interesting......
Anyone else think that the issued stock dividend will be restricted? Has anyone been able to confirm/deny that?
All these buys and NITE just sitting there - how I hate them...
Moving up this morning.....
3.20x3.25 now with a bunch of sales before the market opens
Piper's in trouble - lol - gapping up this morning!!!
Thank you!
So has any US resident figured out a way/broker to trade these for us?
HUGE NEWS!!
Petel Incorporated Expansion and Dividend Update PR Newswire "US Press Releases "
LONDON , June 22 /PRNewswire-FirstCall/ -
A2A Group Plc Business Combination
----------------------------------
Petel Incorporated has renegotiated its planned Business Combination with UK broadband channel platform provider A2A Group Plc.
Under the new agreement:
Each Petel Incorporated shareholder will receive two (2) A2A Group Plc shares at market price for every one (1) Petel Incorporated share held on 11 June 2007 .
Under UK law the A2A shares must be issued in the first instance to the Company which will contact shareholders to arrange distribution.
Petel Incorporated will issue 100,000 shares to A2A Group Plc.
This new agreement reduces the dilution of Petel Incorporated Outstanding Shares and the dividend value by a factor of 50 whilst maintaining the shareholder value benefits of the original proposal.
Medify Solutions Limited
------------------------
The Company is considering a proposal to separate Medify Solutions Limited from Petel Incorporated. At this time the Company does not feel it can apply the appropriate investment or resource required to progress Medify Solutions Limited.
The transaction is subject to the identification of a suitable management team. It is proposed to float the new entity of the OTC Pink Sheets.
Under the proposed terms of the new floatation, all Petel Incorporated shareholders will receive one share in the new Medify Solutions entity for every Petel Incorporated share held at the date of record (to be announced on completion of the agreement).
The Board feel this is the best option to progress further development of the Medify Solutions Limited and anticipates discussions will be completed in approximately 6-8 weeks, with a further update to shareholders at this time.
Notes:
------
US shareholders seeking more information on Plus Market brokers should visit www.plusmarketsgroup.com/PLUS_brokers.shtml for a list of brokers who have the facility to trade Plus Markets.
Petel Incorporated's five year forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page at www.petel.co.uk
ENDS
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
SOURCE Petel Incorporated
Why do you think that?? Just curious for your thoughts
Not anymore (imo)
Furthermore, the company will be issuing a stock dividend to the shareholders of record upon the date the symbol changes to Westar, which is expected to occur within the next 10 days.
Reading that, it sounds like they're going to be changing the symbol within 10 days, and at that point, shareholders of record will get the divi.
L2's
1x.21 2x.25
So, serious question:
Reading through this morning's PR, it sounds to me like they've extended the deadline for up to another 10 days - to qualify for the dividend - am I missing something here?
NEWS!
Westar Oil Purchases Control of Terax and Obtains $175 Million in Senior Debt Market Wire "US Press Releases "
DALLAS, TX -- (MARKETWIRE) -- 06/22/07 -- Terax Energy (OTCBB: TEXG) announced today that its has finalized the agreements for the following to occur with Westar Oil: A share exchange which includes a change in name from Terax Energy, Inc. to Westar Oil and Gas Inc , and the acquisition of $175 Million in senior debt.
Westar Oil has executed an agreement with a New York -based energy lender to provide up $175 Million of senior debt financing for the company, subject to certain due diligence conditions. The $175 Million of financing is allocated to close two major oil and gas acquisitions involving current production with substantial upside in additional drilling. The senior debt is secured by the oil and gas properties being acquired. No shares of the company are being issued to obtain this financing. Westar Oil has also executed on its purchase of the balance of the shares which were part of its original purchase agreement with Terax. In addition, several contracts which Westar is set to close will be assigned to the new company. Furthermore, the company will be issuing a stock dividend to the shareholders of record upon the date the symbol changes to Westar, which is expected to occur within the next 10 days. The stock dividend will be for the difference in the stock price on the date of the symbol change and the value of $6.75 per share.
The closing of the transaction is subject to certain closing conditions, including, among other conditions: (i) receipt of all applicable permits, authorizations, consents, or approvals required consummating the exchange; (ii) neither the Companies having suffered any material adverse effect.
About Terax Energy
Terax Energy is an independent oil exploration and production company. Terax operates in two principal areas. 11,000 acres in Comanche County, Texas and 16,200 acres located in Erath County. The company is focused on gas reserves located in the Barnett Shale Formations.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Westar Oil believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.
Contact:
Taylor Capitol, Inc.
Investor Relations:
Stephen Taylor
973-351-3868
Email Contact: Email Contact
Alan told me that we would see the financials within a couple of weeks (sent to me in an email last week), so I would be expecting them by the first or second week in July.
21 posts and all bashing! I love IGNORE!!!!!
ALLLL LIES!!!!!!!!!!
I just called myself and got "a human" on the phone without a problem. Go away now please and take your false information with you - have a nice day....
I got a form from Spartan as well - I have a message into them for the exact reason they want me to open an account with them.
Don't people realize that they have to be shareholders as of record today - which means, with the T+3 rule, they would have needed to purchase it 3 days ago?
Westar has also announced its intention to enter into a share exchange agreement with Terax Energy in which Westar shares will be valued at $24.50 per share and Terax shares will be valued at $6.75 per share. That exchange will be effective for all shareholders of record as of June 21, 2007
TOS violation????
I don't appreciate being called a fool - let's see if the IHUB mods are watching this....
piperdogpipe and mooneandme - same person????
Look at their posting history - VERY interesting.......
Email from Alan:
I asked Alan the following:
Alan, there's a "rumor" spreading around the internet that you're executing a reverse split - is there any truth to this? Thank you
Here's his response:
No this is a false statement.
So KEEP spreading false rumors you idiots!! Hope you burn for all the lies and misery you cause others....
So who still thinks this is a scam?? If this was a scam, imo, then the company wouldn't have gotten a new TA. They could have blamed EVERYTHING on them - a lot of the TA's former/current customers are complaining about them.
IMO, AURC got a new TA so that they could move forward and fulfill (finally) everything promised to their shareholders!
Huh? it's in the PR on their website....It will probably take some time to remove his name from the web though.
NO ONE could be worse than our former TA (imo) - if you didn't hear, they're in trouble with a little thing called the OSC....
EVERYONE REMEMBER!!! With a questionable TA, the buyout was absolutely stalled - but now that we have a new one - GAME ON!!!!
With a new TA, we should see FAST action on the divi!!!
Got to love people who's first post is to come in here and bash!! I LOVE IT!!!!!!!!!!!!
M-A-N-I-P-U-L-A-T-I-O-N
Welcome back!
Well I was sooooo excited hearing the great news during the interview that I wanted to let Alan know how well he came off. I also asked him when we could expect the financials and he was very forthright with this response.
After hearing the news today, let the stock keep dipping into the .0006 and .0007 and I'll be there to soak them up!!!
Nice first post idiot!!! WRONG!!!!!!!!!!!!!!!!
Actually, I emailed Alan today about the 2006 financials. He basically stated that the CPA is working on them and will have them out (PR) within a couple of weeks.
Interesting that Turp has ONLY posted in this forum - got to be some kind of record for that...
Official PR out!
LONDON, June 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Petel Incorporated
can today announce that they are in the final stages of a Business Combination
with UK broadband television technology visionaries a2a Group PLC.
A business combination allows the two companies to remain intact, each trading
on its respective exchange, whilst pooling resource and capital. Petel
Incorporated are overseeing the final UK legal requirements to effect the
transaction. On completion, the previously detailed 1-for-1 share exchange will
be actioned. It is anticipated this will be no later than week commencing 2nd
July 2007.
The business combination delivers significant benefits to both parties:-
Petel Incorporated:
- In-house channel management and broadcast platform technologies.
- Acceleration of schedule to launch non-adult broadband television channels.
- Complete end-to-end channel management, from production through to delivery.
a2a Group PLC:
- Restructure, with successful management input from Petel Incorporated.
- Management input will deliver revenue generating status within 6 weeks of
completion.
- Design and production facilities available in-house, reducing significant
third party costs.
- Market management.
- Marketing input and support.
- Contract management and development with major global brands.
- AsiaPac market development in conjunction with experienced Petel Incorporated
management team.
Further information will be released on completion.
For more information please contact: investors@petel.co.uk Or visit:
www.petel.co.uk
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking statements.
The words "estimate," "project," "intends," "expects," "believes," and similar
expressions are intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs, as well as
assumptions made by, and information currently available to, management pursuant
to the "safe-harbour" provisions of the Private Securities Litigation Reform Act
of 1995. For a more complete description of these and other risk factors that
may affect the future performance of Petel, Inc. see "Risk Factors" in the
Company's Annual Report on Form 10-KSB and its other filings with the Securities
and Exchange Commission. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date made and the
Company undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after the date
made or to reflect the occurrence of unanticipated events.
SOURCE Petel Incorporated
CONTACT: Contact: Nik Ellwood, +44-(0)845-0344-097
URL: http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
Welcome!
By the way...
I received this morning's PR in my Scottrade alert, but so far, it hasn't appeared on my Microcap ticker - hmmmmmmm
It'll definitely be funny to watch the after hour trades tonight to see if they're holding stuff back