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None of my comments or posts should be considered a directive to buy or sell a stock. Everyone needs to decide that for themselves.
knoxweb1
None of my comments or posts should be considered a directive to buy or sell a stock. Everyone needs to decide that for themselves.
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None of my comments or posts should be considered a directive to buy or sell a stock. Everyone needs to decide that for themselves.
AGEL "DD" CompilationPosted by: MaxShockeR
In reply to: None Date:5/7/2011 9:27:27 PM
Post #17273 of 17376
AGEL "DD" Compilation
The game plan has changed for AGEL. and it's HUGE, Gates TEchnology, PRudential, Papajohns etc... also dont forget most important of all this is the resignation of Milton.C.AULT.
So a Private Co (Gate Tech) acquires a public traded company (AGEL) = Merger / Acquisition ? will be interesting to see what will happen in the upcoming weeks/months. This will be a huge multi-bagger/runner soon, AGEL + GATE + PRU + PapaJohns = HUGE ? only time will tell patience is key. the Risk/REWARD is good, anyways until more of the story unfolds, heres some info that i found/gathered so far.
Molinari co-founded GATE Technologies with Lori Livingston, who serves as the firm’s chief technology officer.
Ms. Livingston was the founder of Transfer Online, a stock transfer and registrar agency, was one of the first
in the industry to bring transfer agent services and full reporting to the Internet.
More on them here: http://gatetechnologies.com/about/management-team/
http://www.gateus.com - http://www.gate-india.com - http://gate-brazil.com/
> Linked In Profiles <
Vince Molinari http://www.linkedin.com/pub/vincent-molinari/2a/a07/357
Lori Livingston http://www.linkedin.com/pub/lori-livingston/1b/973/681
----------FILINGS----------
April 11 2011 Form 10 K (p.21 for beneficial ownership)
Jan 12 2011 Form 8K Angel Acquisition Corp. Announces Management Changes - (Milton.C.AULT is GONE, he resigned)
Angel Acquisition Corp. reported in its Form 8K that, on January 10, 2011, the Company accepted the resignation of Steve Bonenberger as Chairman of the Board of Directors of the Company. Mr. Bonenberger will continue to serve as Chief Executive Officer, Chief Financial Officer, Secretary and a member of the Board of Directors. Effective as of the same date, to fill the vacancy created by Mr. Bonenberger's resignation, the Board of Directors appointed Vincent Molinari as Chairman of the Board of Directors. On January 10, 2011, the Company accepted the resignation of Milton C. Ault, III as President. Effective on the same date to fill the vacancy created by Mr. Ault's resignation, the Company appointed Steve Bonenberger, Chief Executive Officer, Chief Financial Officer, Secretary and a member of the Board of Directors, as President <====.The Board of Directors now consists of Steve Bonenberger, Lori Livingston and Vincent Molinari
fully reporting stock SS info on ocmarkets common stock, 15,900,000,000 shares authorized,
8,005,908,229 outstanding March 9 2011
3,923,408,229 shares issued, respectively
Action Type: Amendment
Document Number: 20100460185-97
File Date: 6/24/2010 Effective Date:
Previous Stock Value: Par Value Shares: 25,100,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 251,000.00
New Stock Value: Par Value Shares: 15,900,000,000 Value: $ 0.00001 Par Value Shares: 100,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 160,000.00
Gate Technologies, a New York-based company that specializes in secondary markets, closed on $3.5 million in funding from venture capitalist John Pappajohn. Gate plans to use the money to expand its infrastructure, the company said on Wednesday. Pappajohn is also joining Gate's executive board. Secondary markets, also run by companies such as Sharepost and SecondMarket, have exploded in popularity in recent years, as investors seek out the exchange of shares in hot private companies like Twitter and Facebook. Pappajohn is the founder and president of the Des Moines, Iowa-based firm Pappajohn Capital Resources.
Several people close to the deal say that an unnamed investor actually made an additional $7.5 million investment in GATE Impact. There’s a land grab going in which impact investing is only one vertical that GATE is moving fast to penetrate, along with others.
GATE raised another $3.6 million this spring from private investors to help it acquire other software platforms focusing on emerging, alternative illiquid markets, from secondary stock (competing with SecondMarket) to a peer-to-peer U.S. based microfinance loan platform (Angels in Action, similar to Prosper). GATE Impact was the acquirer of Angels in Action, for an undisclosed price.
GATE Technologies, LLC, announced today that it has acquired controlling interest in Angels in Action ("AIA"), an operating division of Angel Acquisition Corp. (OTCQB: AGEL) (PINKSHEETS: AGEL), enhancing the offerings of its subsidiary, GATE Global Impact ("GGI"). Angels in Action is a Carlsbad, California based company focused on providing microfinance services in the U.S. marketplace. AIA's platform enables eligible American entrepreneurs to secure quick-and-ready financing through peer-to-peer loans and microloans. The terms and conditions of the sale will be announced and fully disclosed in the near term.
GATE Technologies announced today its entrance into the impact investment market with the pilot launch of GATE Global Impact LLC (GATE Impact), which was made possible with a $2.5 million lead investment by Prudential Financial, Inc. (NYSE: PRU) through its Social Investment Program.
GATE Technologies CEO Vincent Molinari said the combination of InfoEx's powerful profiling and relevance technology in conjunction with the ability to deploy relevant third party information to investment professionals through InfoEx's patent-published Indicast product will create the first actionable information trading forum.
GATE Technologies announced today the successful closure of $3.6 million in funding from a group of private investors. GATE plans to use the capital to expand its market infrastructure for providing an end-to-end solution buying and selling illiquid and alternative assets.
Transaction Ensures Ability to Bring End-to-End Solution for Trading of Illiquid Alternative and Impact Investments
GATE Technologies announced today the acquisition of an exclusive license to use Transfer Online's stock transfer and record-keeping software for the trading of alternative and impact investments globally.
"This transaction continues GATE's commitment to developing the best end-to-end solution for the electronic trading of these assets," said Vincent Molinari, co-founder and CEO of GATE.
GATE Pro is a recently approved ATS targeting the $1.2 trillion of private company, restricted securities.
GATE U.S. LLC, the subsidiary of GATES Technologies bringing out the electronic trading platform, is a FINRA-registered broker-dealer, which it says is the first fully electronic trading platform specializing in illiquid assets. The first securities to be offered for trading on GATE Pro will be private company stock and private investments in public equities. GATE Pro’s launch follows its recent approval of ATS status for Rule 144A securities.
“By bringing liquidity, transparency and price discovery to a traditionally opaque marketplace, the GATE Pro platform will – for the first time – bring buyers and sellers of these securities together electronically,” commented Joseph Latona, Head of Trading for GATE US in the press statement.
Stock in privately held companies like Facebook and Twitter are very desirable assets of late, and savvy investors aren't letting the fact that they're not public stand in their way.
Trading at those privately held companies is expected to hit $7 billion this year, a jump of more than 50 per cent.
The trading action itself happens on "private exchanges" — members only stock markets where shares in firms change hands weeks and months before they go on sale to the public in an IPO.
"The only reason you would make a private investment is that you make an assumption that you're going to be getting a public offering of these private shares," CBC business analyst Kevin O'Leary says of the markets.
"All these companies tend to be ones everybody knows are going public in the next 24 months are so," O'Leary says.
The catch? You often need as much as $1 million in liquid assets for a seat at the table.
SharesPost is one such exchange. Since launching in mid-2009, the exchange allows its 50,000 members to bid for shares in 150 companies worth some $400 million.
Gate Technologies LLC is the latest entrant to the space. CEO Vincent Molinari sat down with the CBC's Amanda Lang to talk about the business model, the appeal for investors, and what the impact of these markets might mean for IPOs moving forward.
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