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Nice day so far, when earnings and nasdaq listing is here warrants should double quickly.
read the PR you posted, seems to me their goal was to stay on otcbb, no mention of nasdaq in there anywhere
Umm it appears they arent going to list on nasdaq now?
USQ filed PREM14A today
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5878683
Come on AAAC give us some type of news
pretty pathetic on low volume..thinking of maybe buying some AAAC
Agreed, trying to be patient as well. Would feel better if I could speak to someone in the company to see how far off nasdaq listing is. Also, look at the spread on the warrants, they are huge.
Doesn't make much sense why 52 week low would come in after the merger is approved. I wonder when the new company reports earnings. Still holding onto the warrants just frustrated at movement. APWR went up right after the merger and didnt stop. Looking to see if JLF sold any of his position, can't find any evidence of that. Wish I could email an IR firm for these guys
Hate to see this small selling killing share price. Nasdaq baby come on now!
RPSD, USQ, FMGQ, MBH all on high watch for me. already entered warrants of MBH and USQ..way to cheap to pass up. If one wins and the other doesn't I'll still be up 200+%
Hmm..I like that JLF bought 20% of the O/S and he is in this, but not happy about this lack of nasdaq listing. CSCA which turned into now APWR had their shareholder meeting on Jan 17th, approved it and had a PR out on the 18th saying approved for nasdaq and begin trading on the 22nd.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5618921
http://www.reuters.com/article/pressRelease/idUS181425+18-Jan-2008+BW20080118
Does anyone know how long it took YTEC and APWR to get their nasdaq listing after merger approval?
The S4 doesnt have the shareholder meeting date filled in though
FMGQ moving along nicely, recent filing on April 18th, what you think db7?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5872970
True, but at .10 market is pricing it like merger won't go through. The higher share count may mean shareholders vote against the acquisition though.
No one is buying, just very little selling thats hurting share price. I'd like to get in contact with investor relations and see when to expect the nasdaq listing and if they are going to go on a PR spree to bring some exposure to this one.
Db7, I see you bought ASAQW at .15 a little while back. At .10 I'm thinking of dipping in for some as a gamble but wanted to see what you were thinking. From their March 10K
"The closing of the transaction is expected to take place in the second quarter of 2008. However, as described below, if we do not complete the business combination by May 17, 2008, we will be forced to dissolve and liquidate."
Well its May April 18th, one month left.
Now they did just release this PR..
http://biz.yahoo.com/prnews/080417/cnth035.html?.v=2
However, I can't find the shareholder meeting date. They better have it before May 17th obviously. Last chance for warrant holders so they may push this to go through. May take a gamble, what is your opinion on this? Do you know when the shareholder meeting is?
USQ is trading basically as if the company is having trouble finding a business to merge into and is almost out of time. Realistically, they are already in the process of their merger with 2 solid companies and have time. From their 10Q
"In the event that the Company does not consummate a Business Combination within 18 months from the consummation of the Offering (August 9, 2008), or 24 months from the Offering if certain extension criteria have been satisfied, the Company will dissolve and distribute the proceeds held in the Trust Account to public stockholders, excluding the existing stockholders to the extent of its initial stockholdings and the warrants purchased by it in the Private Placement. There is no assurance that the Company will be able to successfully effect a Business Combination during this period."
This has got to be a big steal down here. 800%+ profit potential
Makes no sense to sell here. 15mill O/S and 15mill net income. $1 EPS...so if you sell you're selling a stock trading at a 7.6 forward P/E. Not very smart now is it?
MBH seems to be the real deal..lots of industry experience: http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=666971&capId=27916550&previousCapId=347727&previousTitle=ADP%20TotalSource%20Group%2C%20Inc.
MBH let me take that back about crappy financials. This will be huge if the deal goes through. I think the warrants are priced this low because its not the typical SPAC, this is how they plan to merge the private company in.
http://biz.yahoo.com/prnews/080207/nyth061.html?.v=101
"MBH intends to fund the purchase price and the acquisition costs and provide additional capital to CHS for growth and expansion through a combination of approximately $180 million of cash in its trust account, approximately $180 million of debt provided by Jefferies Finance LLC, a $35 million equity issuance of MBH common stock to Kohlberg & Co., LLC, other stockholders of CHS and certain senior members of CHS management, and a commitment from MBF Healthcare Partners, L.P. to acquire up to an additional $50 million in shares of MBH common stock. The shares of MBH common stock to be issued to Kohlberg & Co., LLC, other stockholders of CHS and certain senior members of CHS management and the shares that are subject to the commitment from MBF Healthcare Partners, L.P. will be priced at the closing per share price of MBH common stock on February 6, 2008, which was $7.65.
The closing of the acquisition and the issuance of equity to MBF Healthcare Partners, L.P. pursuant to its commitment are subject to MBH stockholder approval and other customary closing conditions. In addition, the closing of the acquisition is conditioned on holders of less than 30% of the shares of MBH common stock issued in its initial public offering voting against the acquisition and electing to convert their MBH common stock into cash, as permitted by the company's Amended and Restated Certificate of Incorporation. Assuming the transactions receive requisite stockholder approval and all other conditions are met, MBH anticipates completing the acquisition of CHS in the second or third quarter of 2008."
Also the financials will be very good:
"For the three month period ended December 31, 2007, CHS generated an annual run rate of adjusted revenues and adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") of approximately $218 million and $43 million, respectively. CHS maintains a healthy pipeline of acquisition targets and expects to continue its acquisition strategy of acquiring four to six companies per year."
When is the shareholder meeting?/
People taking profits with the warrants from their $1.80 and up gain. Anyone know when this should be listed on the nasdaq?
Dipped into USQ warrants here at .17
Now with this one, financials look very impressive. Will be buying on the way up as filings come out etc. Too good to pass up IMO. Super cheap here. Already on the AMEX
$6.00+.17=$6.17
Common at $7.72
$7.72-$6.17=$1.55
.17 to $1.55 =811%
of course thats if merger goes through. anticipated to go through in 3rd quarter. Love this one!
Unintelligent people must be selling now at these levels. no offense to anyone but asians happen to be some of the worst drivers I've seen. Maybe its just in the states though. However, they are becoming a leading bodyshop network in China, which has a huge population and more and more people are driving each day!
When nasdaq listing occurs, institutions can start taking more looks its way. When earnings comes out that will give it the credibility and pop it to $10+
Oh and I forgot to mention CHS canceled their IPO listing just for this SPAC.
Okay guys, nibbled a bit as a starter position, will keep adding as things get closer. Getting in early is the best way to make the big $$$.
$6.00 strike price.
$6.00+.25 = $6.25
Current price of MBH $7.70.
$7.70-$6.27= $1.43 discount.
.27 to $1.43= 430% potentially just if merger goes through later on in the year, before any upside after the merger!
Go to www.insidercow.com and type in MBH to see the buying.
From the filing, "Assuming requisite shareholder approval and all other conditions are met, the Company anticipates the transaction will be consummated in the second or third quarter of 2008."
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5837861
I got in this as just a fun play for risk vs reward. IF this merger doesnt go through the warrants still have to I believe april 09.
I will say the financials of the company merging in do suck, but any notion that this might go through and the warrants could pop very hard!
from hunan tongxin website:
"The company was awarded as follows: Top 100 enterprises for China Auto Parts, Top 20 Private Enterprises of Hunan Province, First Grade of Technology of the State Council in 2003. The brand name Tongsin was evaluated as a provincial famous brand in Hunan for 4 years, and the auto body of Tongsin was honoured the famous brand in Hunan by related tax departments."
It is a joke that merger goes through and common stock is down. Who would sell out now unless the company's 15million net income projection is just made up china numbers, but I doubt it.
Will send AAAC IR an email letting them know the importance of getting their stock exposed and put out PR's. Looks like JGAC doesn't know how to.
using scottrade. Can't get the damn quote. I want to be in this early. With all the fund buying this merger will go through.
Check out MBH... filing with shareholder meeting date coming soon. Very interesting SPAC, look at the fund buying and CEO buying. That is always a great sign with these SPAC's. Has anyone been able to figure out the symbol for the warrants to buy from a broker? Yahoo has MBH-WT. However I tried that and MBHW, MBH.WS, MBHWS, none would show up so I can't buy these cheapie warrants at .27
Yup! Sure did as soon as I saw announcement. May be premature, but don't mind being down a bit as if this company gets nasdaq listing soon and starts the press machine to bring attention the warrants will explode. Loaded up a nice size at $2.65, $2.68, $2.70. Now $2.62x$2.64 but doesn't really matter as when this stock hits $10, which would be trading at forward P/E of 10, then warrants will be $5
Looking to buy as soon as approval is announced.
Got out the other day at $2.50 and $2.52....just in case merger doesnt go through. If it doesnt warrants go to $0, if it does I can probably buy back in immediately at same price :)
9million net income for 2007. Can't find anywhere what the O/S will be after the merger.
FMGQ I/R guy says proxy released in a few days and expects closing to be at the end of 2nd quarter.
Sent an email to IR of FMGQ asking when merger expected to close and shareholder meeting date. Will let you know what I find out. Super excited about this one.
FMGQ will be a complete monster, won't buy anything until shareholder meeting is set and comes closer to that date. NTQ canceled their merger and it killed the warrant players, so gotta be careful with some of these SPAC's but check this out.
http://biz.yahoo.com/bw/080402/20080402006372.html?.v=1
"FMG will have approximately 14.7 shares outstanding after the closing of the transaction."
This was their net income for 2007 the company coming in 39.5 million
Um thats more than $2 EPS, stock should be $25 at some point of time no?
When is the shareholder meeting for this one? I read the 10k from march but couldnt get any info. It does say a merger has to be completed by may 17, 2008 or it gets liquidated.