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LEPT might be a good R/M
candidate in the near future
float is only in the 800K's
REASON FOR CHANGE IN AUTHORIZED CAPITAL:
Management believes that change of the authorized capital of the Company will make it more attractive to possible reverse merger or business combination candidates.
good morning everybody. anyone watching acmg
[formerly hkpf r/m] which is now ACMG
news out today :)
Alcar Chemicals Group's Proprietary EnviroEnergy Technology Receives Independent Evaluation at $85 Million USD
MONTREAL, Apr 20, 2006 (MARKET WIRE via COMTEX) -- Alcar Chemical Group Inc. (OTC: ACMG) announces today the completion of an independent evaluation of its proprietary technology to produce plastic raw materials, Ethanol and Bio-Diesel based on renewable resources. The independent evaluation was performed by CLD and they have established the value at $85 million USD, translating into approximately $0.90 per share on a fully diluted basis.
"ACMG's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel," said Alexander Cavasin, President and CEO of ACMG. "The yield output of our process alone will create immediate impact in our industry and we expect many more large multi-nationals to be adopting and licensing our technology over the coming months," further added Mr. Cavasin.
The proprietary technology developed by ACMG is a process, based on renewable natural resources, where it can use inexpensive non-food-crop and generic organic waste as feedstock, to produce plastic raw materials, ethanol and bio-diesel. ACMG's Process significantly reduces production cost and obtains yield rates that are significantly higher than the industry standard.
HKPF news...
well not sure how this will do. it is a R/M
had originally thought it might go much
higher with such a small float ?
maybe time will tell if a fs is going to happen
dd it first before you consider it ok
HKPF -- Hackerproof, Ltd.
Hackerproof Signs Acquisitions Agreement With The Alcar Group
MONTREAL, Jan 19, 2006 (MARKET WIRE via COMTEX) -- Hackerproof Ltd. (OTC: HKPF) announced today it has signed the definitive acquisition agreement with the Alcar Group, a Canadian based advanced materials and alternative fuel company. The acquisition agreement is scheduled to close by the first week of February.
According to the acquisition agreement, Hackerproof acquired 100% of the outstanding shares of the Alcar Group and Alcar becomes a wholly owned subsidiary of Hackerproof. The company will proceed to change its name to the Alcar Group and request a new ticker symbol as soon as possible.
"We are very satisfied to have concluded the merger earlier than expected. We now can concentrate our efforts on completing our production plant and begin producing the alternative fuel and petroleum independent polymers," said Mr. Cavasin, President of the Alcar Group. "With the planned production of 120,000 tons annually, the Alcar Group will quickly reach sales of $250 million USD annually with gross margins of over $100 million USD annually," further added Mr. Cavasin.
About The Alcar Group
The Alcar Group represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers, a growing shortage estimated to reach over 6 million tons in 2006. The market price for the materials in question vary between $1,000 and $3,000 per metric ton and the Alcar Group has developed a patented process and bioreactor which allow production at costs savings of up to 40% when compared to current production methods, translating in gross margins of over 50%. With the planned expansion, the AGI production process will reach a total capacity of 120,000 tons annually of economical and environmentally friendly materials for polymers.
The Alcar Group Inc. (AGI) develops innovative-patented methods for petroleum independent fuel and plastics resin production (e.g. polyurethane) that significantly improve the offerings of its customers in the automotive, building products and recreational sectors. AGI operates three divisions, Alcar Advanced Materials Corp., which manufactures and distributes various proprietary non-petroleum based plastics and coating systems, Alcar Advanced Energy Systems Corp., which will manufacture and distribute high purity non-petroleum based ethanol and diesel fuels and Alcar R&D, an advanced materials research and development center.
HKPF a reverse merger in the makings
HKPF -- Hackerproof, Ltd.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Hackerproof Signs Letter of Intent to Acquire the Alcar Group
MONTREAL, Jan 12, 2006 (MARKET WIRE via COMTEX) -- Hackerproof Ltd. (OTC: HKPF) announced today it has signed a letter of intent to acquire 100% of the Alcar Group.
According to the letter of intent, Hackerproof will enter into a share exchange agreement to acquire the Alcar Group by way of a reverse merger transaction. It is expected that the company will sign a definitive share exchange agreement on or before February 1, 2006.
"We are pleased to be moving forward efficiently on the merger transaction," said Alexander Cavasin, President of the Alcar Group. "Becoming a publicly traded company will enable us to expand throughout North America rapidly and increase our corporate visibility with investors and customers," further added Mr. Cavasin.
About The Alcar Group
The Alcar Group represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers, a growing shortage estimated to reach over 6 million tons in 2006. The market price for the materials in question vary between $1,000 and $3,000 per metric ton and the Alcar Group has developed a patented process and bioreactor which allow production at costs savings of up to 40% when compared to current production methods, translating in gross margins of over 50%. With the planned expansion, the AGI production process will reach a total capacity of 120,000 tons annually of economical and environmentally friendly materials for polymers.
The Alcar Group Inc. (AGI) develops innovative-patented methods for petroleum independent fuel and plastics resin production (e.g. polyurethane) that significantly improve the offerings of its customers in the automotive, building products and recreational sectors. AGI operates three divisions, Alcar Advanced Materials Corp., which manufactures and distributes various proprietary non-petroleum based plastics and coating systems, Alcar Advanced Energy Systems Corp., which will manufacture and distribute high purity non-petroleum based ethanol and diesel fuels and Alcar R&D, an advanced materials research and development center.
Outstanding Shares: 2,697 as of 2005-10-27
Estimated Market Cap: 81 as of 2006-01-13 (based on Outstanding Shares as of 2005-10-27)
Current Capital Change:
shs decreased by 1 for 1000 split
Ex-Date:
Record Date:
Pay Date: 2005-10-27
Hiya all TFLJ is doing a 1000-1 FS
looks like ask is $5.00??
I just saw it. not in it, but thought you guys might be
interested in it - solit date is set for tomorrow!
talk about a FS geezopete, wish i saw this one at .10c <grin>
good investing with prosperity
Lynne
also spbi 65-1 again not in it, but splits on the 27th?!
$8. ask?
hey Truman - I do not
Know if you saw this or not in the filings for the 6-1 fs
It looks as if the forward split shares will be restricted? and this could take awhile before anyone can sell them?
Stock Split - Six shares of newly issued, restricted EGRF common stock, par value $.001 per share, issued for each share of EGRF Common Stock presently issued and outstanding. Upon completion of the Stock Split, the Company will have 82,250,000 shares of Common Stock issued and outstanding.
lynne
100-1 f/s with GTRD --
Global Triad, Inc.
Company News and Press Releases From Other Sources:
Global Triad Inc. Announces 100 to 1 Forward Split
FT LAUDERDALE, FL, Aug. 04, 2004 (MARKET WIRE via COMTEX) -- Global Triad, Inc. (OTC: GTRD), traded on the Over the Counter Pink Sheets, Announced today The Company has forward split the stock 100 to 1 effective as of immediately. The forward split was approved by the board of directors.
It supposedly is going to take effect tomorrow.
today is the day to get into it for the 100-1.
if anyone is interested PPKA F/S 200-1
on 07/30/2004
PPKA Pikes Peak Acquisitions.com Inc Common Stock
UMBD U.S. Mobile Dental Corp.
Common Stock
200-1 F/S; Payable Upon Surrender **
PPKA doing a 200-1 FS tomorrow!!
07/30/2004 PPKA Pikes Peak Acquisitions.com Inc Common Stock UMBD U.S. Mobile Dental Corp.
Common Stock 200-1 F/S; Payable Upon Surrender
hi guys...Suwn is doing a 6-1 F/S
on 7/28
NETWORK USA INC
SUWN : OTCBB 6 - 1
7/28/2004
On 06/17/2004 FHFP is doing a 100-1 F/S
if anyone is interested in it...
Freshtech Food Processors Ltd Common Stock EXTP Extreme Poker, Ltd. Common Stock 100-1 F/S; Payable Upon Surrender of Certificates
GMKT not sure of the float, but
Shares Outstanding: 120,000 as of 1999-09-30
its a pinkie!
do your DD
achrol
If you were to call netmeasures, then you will be more than half way through your DD. OK
lynne
10k out today for NMTH
This is a shell company with a very low OS
Netmeasures is going to be doing a Reverse/Merger before this quarter is over with!!!
NMTH could prove to go substancially higher with this news of r/m... Definitely worth DD'ing...
CORPORATE REGISTRANTS
The number of shares outstanding of the issuer's common stock, as of April 15, 2004 was 545,696, which includes 15,810 shares that will be returned to treasury and cancelled.
may U have good fortune
Lynne
yeah right - this is just how i am too
i buy - then look!
thanks for you suggestion - will do.
How about a nice plate of spagetti for b'fast.
lots of starch for energy!
i use to go without it too, but the older i got the more
umph i need to get going.
thanks Patsy
lynne
Thanks Patsy...
I was in a hurry and did not read the entire def
So! now i am the proud owner of potentially worthless stock!
grin
And now i will play the role of your mother =
why do you skip b'fast - not healthy to do this dear!
A girl needs her fuel, and energy.
in order make wiser choices for her daily stock buying power!
take care Patsy.
Hi Patsy,
How you doing on these fine no volume days?
i "think" i have found a pretty little stock - but not sure.
IF the company doesn't start messing with it that is!
its been awhile since i have honed my research skills
BUT here goes....ready
NMTH [and that's all i'm saying for now]
okay i will say that there is only 560K+ O/S
"Only shareholders of record of the Company's Common Stock at the close of business on January 22, 2004 were entitled to vote on the written resolution. On that date, 561,100 shares of Common Stock of the Corporation (the "Common Stock") were issued and outstanding. Each shareholder was entitled to one vote for each share held of record on the record date. The holders of a majority of the total shares of common stock outstanding on January 22, 2004 constituted a quorum for the transaction of business in the written resolution. As management is not soliciting proxies and has already obtained sufficient votes to obtain a quorum, abstentions and broker non-votes will not be counted toward fulfillment of quorum requirements. A broker non-vote occurs when a nominee holding shares for a beneficial owner does not vote on a particular proposal because the nominee does not have discretionary voting power with respect to that proposal and has not received instructions from the beneficial owner. A list of the shareholders of record as of January 22, 2004 will be filed in the Corporation’s minute books as an attachment to the written resolution."
Update on NMTH =
561,100 shares outstanding -
This is not alot of shares to make it move up with a little
buying pressure >>>
Recent DEF...
On that date, 561,100 shares of Common Stock of the Corporation (the "Common Stock") were issued and outstanding. Each shareholder was entitled to one vote for each share held of record on the record date. The holders of a majority of the total shares of common stock outstanding on January 22, 2004 constituted a quorum for the transaction of business in the written resolution. As management is not soliciting proxies and has already obtained sufficient votes to obtain a quorum, abstentions and broker non-votes will not be counted toward fulfillment of quorum requirements. A broker non-vote occurs when a nominee holding shares for a beneficial owner does not vote on a particular proposal because the nominee does not have discretionary voting power with respect to that proposal and has not received instructions from the beneficial owner. A list of the shareholders of record as of January 22, 2004 will be filed in the Corporation’s minute books as an attachment to the written resolution.
Okay here is one that I believe
will do well in the short term future =
NMTH with bid .12 Ask .40
AND only 408K shares in the float, as of now anyway.
Address:
1950 Government St.
Suite 12a
Vancouver
BC V8T 4N8
Canada
Phone: 250-380-2274
Officers:
Peter Laipnieks, Pres.
Shares Outstanding: 407,696 as of 2003-09-23
Estimated Market Cap: 81,539 as of 2004-02-03
Current Capital Change:
shs decreased by 1 for 50 split
Pay Date: 2002-04-15
Dividends: None
State of Incorporation: NV
DD it first, for I haven't checked out all their filings yet
OT. oops on me!
well at least you have a sense of humor Patsy!
thanks for the heads up
lynne
OT...Subject: GASOLINE PRICES
I couldn't think of a better way to pass this information on, so I thought posting here we all could continue passing this onto others.
I know its lenghty, but think its worth trying...
Join the resistance!
I hear we are going to hit close to $3.00 a gallon by the summer. Want gasoline prices to come down? We need to take some intelligent, united action. Phillip Hollsworth, offered this good idea: This makes MUCH MORE SENSE than the "don't buy gas on a certain day" campaign that was going around last April or May! The oil companies just laughed at that because they knew we wouldn't continue to "hurt" ourselves by refusing to buy gas. It was more of an inconvenience to us than it was a problem for them. BUT, whoever thought of this idea, has come up with a plan that can really work. Please read it and join with us! By now you're probably thinking gasoline priced at about $1.50 is super cheap. Me too! It is currently $1.75 for regular unleaded in my town. Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50- $1.75, we need to take aggressive action to teach them that BUYERS control the marketplace....not sellers. With the price of gasoline going up more each day, we consumers The only way we are going to see the price of gas come down is if we hit someone in the pocketbook by not purchasing their gas! And we can do that WITHOUT hurting ourselves.
How? Since we all rely on our cars, we can't just stop buying gas. But we CAN have An impact on gas prices if we all act together to force a price war. Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL. If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit. But to have an impact, we need to reach literally millions of Exxon and Mobil gas buyers. It's really simple to do!! Now, don't whimp out on me at this point...keep reading and I'll explain how simple it is to reach millions of people!! I am sending this note to about thirty people. If each of you send it to at least ten more (30 x 10 = 300)... and those 300 send it to at least ten more (300 x 10 = 3,000)...and so on, by the time the message reaches the sixth generation of people, we will have reached over THREE MILLION consumers! If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!! Again, all You have to do is send this to 10 people. That's all. (If you don't understand how we can reach 300 million and all you have to do is send this to 10 people.... Well, let's face it, you just aren't a mathematician. But I am ... so trust me on this one.) How long would all that take? If each of us sends this email out to ten more people within one day of receipt, all 300 MILLION people could conceivably be contacted within the next 8 days!!! I'll bet you didn't think you and I had that much potential, did you! Acting together we can make a difference. If this makes sense to you, please pass this message on.
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP THEM DOWN. THIS CAN REALLY WORK..
ktsi is in a
triple bottom reversal - might be a good one
to put on a watch. last price was .0085
going into a very bullish trend.
my guess more a mid/long term range.
http://www.stockta.com/cgi-bin/analysis.pl?symb=KTSI&num1=
da, i hate it when double msgs happen.eom
i couldn't agree more...
this is why i am thinking isdi could actually do something -
even i am confused with this one.
i'm having an isdi party regarless of where it goes from here,
just will be glad to see it doing anything...
i couldn't agree more...
this is why i am thinking isdi could actually do something to blow every ones mind!
even i am confused where the actual value belongs with this one.
i also added more to this two weeks ago. figured it had to do something this year. just never imagined it would be so soon.
i say we have an isdi party regarless of where it goes from here --
just will be glad to see it go anywhere...
who knows it could make it back to where it really belongs.
all i know is that this one had been tortured all to tears by the mm's, the former company...could see a new high = now that would be sweet music to my ears
lets cross our fingers
i do not think the company even knows how many OS
shares they have - serious, its been that beaten down
hi Patsy...it is a pos
used to be wwfi, remember all the hellabalu back
when? BUT on the bright side i have owned this pos
since way back when >>grin
seems like the mm's aren't sure what price to sell it at
they're so confused with this one - they can't remember how far down they brought it.
well, i am rather glad to finally do something
with it one way or another.
last of my pos holdings from yesteryears!
GTXE am I reading their 8-K filings correctly
last sentence here...? thanks
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Pursuant to a Share Exchange Agreement, the Company acquired 100% of the issued and outstanding shares of common stock of GulfTex Energy Corporation, in exchange for 1 share of common stock. No material relationship exists between the Company and the selling shareholders of GulfTex Energy Corporation or any of its affiliates, any director or officer, or any associate of any such director or officer of GulfTex Energy Corporation. The consideration exchanged pursuant to the Agreement was negotiated between GulfTex Energy Corporation and the Company in an arm's- length transaction.
The Share Exchange resulted in Gulf becoming a wholly-owned subsidiary of Shopathomekids.Com. On September 19, 2001, Shopathomekids.Com merged with its wholly-owned subsidiary, GulfTex, and changed its name to GulfTex Energy Corporation.
ITEM 5. OTHER
On September 6, 2001, the Board of Directors accepted the resignation of Mr. Lewis Prowse II as President and Director. The Board then appointed Mr. Marc Dushesne as a member of the Board, and to act as President, effective immediately.
On September 6, 2001, the Board of Directors accepted the resignation of Larry E. Ballard as Secretary, Treasurer and Director, effective immediately. The Board then appointed Mr. Graham Hammond to the Board to fill the vacancy created by Mr. Ballard's resignation.
On September 6, 2001, the Board of Directors accepted the resignation of Tarja Mees as Director, and Mr. Bill Wood was appointed as a member of the Board to fill her vacancy.
On September 6, 2001, the Board appointed Merritt Douglas Woodring to fill the vacancy created on the Board by romie Krickbaum's resignation as a Director. Mr. Woodring was also appointed the Vice-President of the Company.
On September 6, 2001, the Board was expanded to five members and appointed Stanley Spinks as a member of the Board to fill the vacancy created by the expansion. Mr. Spinks was also appointed as the Treasurer of the Company.
Mr. Jackson Chung wai Wong was appointed as the Secretary of the Company on September 6, 2001.
On September 19, 2001, the Company changed its name to GulfTex Energy Corporation. Upon completion of the Merger, the Company also changed its corporate address to 1330 Post Oak Boulevard, Four Oaks Place, Suite 1600, Houston, TX 77056.
On September 24, 2001, the Company effectuated a 20.61:1 forward split.
EGFG 5-1 forward split = 0 float
currently at 5.10x5.39
VIDC just announced a 10 - 1 forward split
on Nasdaq dividends for 11/01
ITCN, not for a second --looking at
level II - looks too good!
Can't imagine anyone selling for a lose at this low
price, even in this market.
This is a caring community here on this board
I sit here totally in sad awe over what is taking place in our country.
I would like everyone here to know that I too am here for support.
I feel as we all do at this moment of time with the most
UNBELIEVABLE attacks on our country.
If anyone here needs a shoulder to lean on for support -
you can email me at lcollins1956@hotmail.com
BLESS AMERICA and UNITED we shall stand as one nation!
Lynne
Did anyone else noticed that ITCN filled yesterday
their 10-QSB?
Hope its a beginning here for that potential FS.
Would be nice at these prices.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
Intrac, Inc.
(A Development Stage Company)
Balance Sheet
as of
June 30, 2001
and December 31, 2000
and
Statement of Operations
for the Three and Six Months
ended June 30, 2001 and 2000
and for the period
September 6, 2000 (Date of Inception)
through
June 30, 2001
and
Statement of Cash Flows
for the Six Months
ended June 30, 2001 and 2000
and for the period
September 6, 2000 (Date of Inception)
through
June 30, 2001
/3/
G. BRAD BECKSTEAD
Certified Public Accountant
330 E. Warm Springs
Las Vegas, NV 89119
702.528.1984
425.928.2877efax
INDEPENDENT ACCOUNTANT'S REVIEW REPORT
Board of Directors
Intrac, Inc.
(a Development Stage Company)
Las Vegas, NV
I have reviewed the accompanying balance sheet of Intrac, Inc. (a Nevada corporation) (a development stage company) as of June 30, 2001 and the related statements of operations for the six-months ended June 30, 2001 and 2000 and for the period September 6, 2000 (Inception) to June 30, 2001, and statements of cash flows for the six-month period ending June 30, 2001 and 2000 and for the period September 6, 2000 (Inception) to June 30, 2001. These financial statements are the responsibility of the Company's management.
I conducted my reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data, and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, which will be performed for the full year with the objective of expressing an opinion regarding the financial statements taken as a whole. Accordingly, I do not express such an opinion.
Based on my reviews, I am not aware of any material modifications that should be made to the accompanying financial statements referred to above for them to be in conformity with generally accepted accounting principles.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has had limited operations and has not commenced planned principal operations. This raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
I have previously audited, in accordance with generally accepted auditing standards, the balance sheet of Intrac, Inc. (a development stage company) as of December 31, 2000, and the related statements of operations, stockholders' equity, and cash flows for the year then ended (not presented herein) and in my report dated March 9, 2001, I expressed an unqualified opinion on those financial statements.
/s/ G. Brad Beckstead, CPA
August 10, 2001
/4/
Intrac, Inc.
(a Development Stage Company)
Balance Sheet
(unaudited)
June 30, December 31,
2001 2000
---------- ----------
Assets
Current assets:
Cash $ 38,899 $ 69
---------- ----------
Total current assets 38,899 69
Acquired technology, net 10,259 11,465
---------- ----------
$ 49,158 $ 11,534
Liabilities and Stockholders' Equity ========== ==========
Current liabilities: $ -- $ --
---------- ----------
Total current liabilities $ -- $ --
---------- ----------
Stockholders' equity:
Common stock, $0.001 par value; 20,000,000 9,997 7,000
shares authorized, 9,997,000 and 7,000,000
shares issued and outstanding at 6/30/01
and 12/31/00, respectively
Additional paid-in capital 307,396 10,693
(Deficit) accumulated during development stage (268,235) (6,159)
---------- ----------
49,158 11,534
---------- ----------
$ 49,158 $ 11,534
========== ==========
The accompanying notes are an integral part of these financial statements.
/5/
Intrac, Inc.
(a Development Stage Company)
Statement of Operations
(unaudited)
September 6, 2000
Three months ended Six months ended (Inception)
June 30, June 30, to
---------------------- ---------------------- June 30,
2001 2000 2001 2000 2001
---------- ---------- ---------- ---------- ----------
Revenue $ 400 $ -- $ 600 $ -- $ 600
---------- ---------- ---------- ---------- ----------
Expenses:
General and administrative 37,715 -- 261,695 -- 267,251
expenses
Amortization 603 -- 1,206 -- 1,809
---------- ---------- ---------- ---------- ----------
Total expenses 38,318 -- 262,901 -- 269,060
---------- ---------- ---------- ---------- ----------
Other income/expense:
Interest income 124 -- 225 -- 225
---------- ---------- ---------- ---------- ----------
Net (loss) $ (37,794) $ -- $ (262,076) $ -- $ (268,235)
========== ========== ========== ========== ==========
Weighted average number of
common shares outstanding 9,997,000 -- 9,249,742 -- 8,378,630
========== ========== ========== ========== ==========
Net (loss) per share $ (0.00) $ -- $ (0.03) $ -- $ (0.03)
========== ========== ========== ========== ==========
The accompanying notes are an integral part of these financial statements.
/6/
Intrac, Inc.
(a Development Stage Company)
Statement of Cash Flows
(unaudited)
Six months ended September 6, 2000
June 30, (Inception) to
---------------------- June 30,
2001 2000 2001
---------- ---------- ----------
Cash flows from operating activities
Net (loss) $ (262,076) $ -- $ (268,235)
Amortization 1,206 -- 1,809
Shares issued for services 151,100 -- (4,614)
---------- ---------- ----------
Net cash (used) by operating activities (109,770) -- (115,326)
---------- ---------- ----------
Cash flows from investing activities
Net cash used by investing activities -- -- --
---------- ---------- ----------
Cash flows from financing activities
Common stock 148,600 -- 148,600
Contributed capital -- -- 5,625
Net cash provided by financing 148,600 -- 154,225
activities ---------- ---------- ----------
Net increase in cash 38,830 -- 38,899
Cash - beginning 69 -- --
---------- ---------- ----------
Cash - ending $ 38,899 $ -- $ 38,899
========== ========== ==========
Supplemental disclosures:
Interest paid $ -- $ -- $ --
========== ========== ==========
Income taxes paid $ -- $ -- $ --
========== ========== ==========
Non-cash investing and financing
activities:
Common stock issued for
acquired technology $ 12,068 $ -- $ 12,068
========== ========== ==========
Number of shares issued for
technology 7,000,000 -- 7,000,000
========== ========== ==========
The accompanying notes are an integral part of these financial statements.
/7/
Intrac, Inc.
(a Development Stage Company)
Notes
Note 1 - Summary of significant accounting policies
Organization
The Company was organized September 6, 2000 (Date of Inception) under the laws of the State of Nevada, as Intrac, Inc. The Company has insignificant operations and in accordance with SFAS #7, the Company is considered a development stage company.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.
Cash and cash equivalents
For the purpose of the statements of cash flows, all highly liquid investments with the maturity of three months or less are considered to be cash equivalents.
Revenue recognition
The Company recognizes revenue on the accrual basis.
Advertising Costs
The Company expenses all costs of advertising as incurred. There were no advertising costs included in general and administrative expenses as of June 30, 2001.
Fair value of financial instruments
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2001. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.
Impairment of long lived assets
Long lived assets held and used by the Company are reviewed for possible impairment whenever events or circumstances indicate the carrying amount of an asset may not be recoverable or is impaired. No such impairments have been identified by management at June 30, 2001.
Earnings per share
The Company follows Statement of Financial Accounting Standards No. 128. "Earnings Per Share" ("SFAS No. 128"). Basic earning per common share ("EPS") calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti- dilutive they are not considered in the computation.
Segment reporting
The Company follows Statement of Financial Accounting Standards No. 130, "Disclosures About Segments of an Enterprise and Related Information". The Company operates as a single segment and will evaluate additional segment disclosure requirements as it expands its operations.
Income taxes
The Company follows Statement of Financial Accounting Standard No. 109, "Accounting for Income Taxes" ("SFAS No. 109") for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence
/8/
Intrac, Inc.
(a Development Stage Company)
Notes
suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non- current depending on the periods in which the temporary differences are expected to reverse.
Recent pronouncements
The FASB recently issued Statement No. 137, "Accounting for Derivative Instruments and Hedging Activities-Deferral of Effective Date of FASB Statement No. 133". The Statement defers for one year the effective date of FASB Statement No. 133, "Accounting for Derivative Instruments and Hedging Activities". The rule now will apply to all fiscal quarters of all fiscal years beginning after June 15, 2000. In June 1998, the FASB issued SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities." The Statement will require the company to recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income, if the derivative is a hedge, depending on the nature of the hedge, changes in the fair value of derivatives will either be offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative's change in fair value will be immediately recognized in earnings. The company does not expect SFAS No. 133 to have a material impact on earning s and financial position.
In December 1999, the Securities and Exchange Commission released Staff Accounting Bulletin No. 101, Revenue Recognition in Financial Statements (SAB No. 101), which provides guidance on the recognition, presentation and disclosure of revenue in financial statements. SAB No. 101 did not impact the company's revenue recognition policies.
Note 2 - Acquired technology
The Company acquired technology from its director valued at $12,068 and recorded amortization expense in the amount of $1206 during the period ended June 30, 2001.
Note 3 - Income taxes
The Company accounts for income taxes under Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes" ("SFAS No. 109"), which requires use of the liability method. SFAS No. 109 provides that deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized.
The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows:
U.S federal statutory rate (34.0%)
Valuation reserve 34.0%
------
Total -%
------
As of June 30, 2001, the Company has a net operating loss carryforward of approximately $268,000 for tax purposes, which will be available to offset future taxable income. If not used, this carryforward will expire in 2021. The deferred tax asset relating to the operating loss carryforward of approximately $91,000 has been fully reserved at June 30, 2001.
/9/
Intrac, Inc.
(a Development Stage Company)
Notes
Note 4 - Stockholder's equity
The Company is authorized to issue 5,000,000 shares of it $0.001 par value preferred stock and 20,000,000 shares of its $0.001 par value common stock.
On September 6, 2000, contributed capital was received by the Company in the amount of $5,625.
On September 8, 2000, the Company issued 7,000,000 shares of its $0.001 par value common stock to its director in exchange for acquired technology in the amount of $12,068.
During February 2001, the Company issued 1,511,000 shares of its $0.001 par value common stock for consulting services valued at $151,100. (See Note 7.)
On March 26, 2001, the Company completed an offering that was registered with the State of Nevada pursuant to NRS 90.490 and was exempt from federal registration pursuant to Regulation D, Rule 504 of the Securities Act of 1933, as amended. The Company sold 1,486,000 shares of its $0.001 par value common stock at a price of $0.10 per share for total cash of $148,600
There have been no other issuances of common stock.
Note 5 - Going concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. As noted above, the Company is in the development stage and, accordingly, has not yet generated revenues from operations. Since its inception, the Company has been engaged substantially in financing activities and developing its product line, incurring substantial costs and expenses. As a result, the Company incurred a net loss during the period ended June 30, 2001 of $268,235. In addition, the Company's development activities since inception have been financially sustained by capital contributions.
The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock and, ultimately, the achievement of significant operating revenues. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to recover the value of its assets or satisfy its liabilities.
Note 6 - Warrants and options
There are no warrants or options outstanding to acquire any additional shares of common stock.
Note 7 - Related party transactions
The Company does not lease or rent any property. Office services are provided without charge by the Company's director. Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein.
The Company entered into an "Asset Purchase and License Agreement" dated September 8, 2000, whereby the Company purchased a working prototype of a vision training technology developed by the Company's president. The Company also acquired an exclusive license for use of certain patents relating to the acquired technology that are currently held by its president. The licensing agreement will remain in effect until either party provides a thirty days' written termination notice via certified mail. In exchange for the acquired technology and exclusive license, the Company issued to its president 7,000,000 shares of its $0.001 par value common stock.
The Company paid its president a salary of $30,000 during the six months ended June 30, 2001.
The Company paid Corporate Regulatory Services, a shareholder of the Company, $32,030 in consulting fees during the six months ended June 30, 2001.
/10/
Intrac, Inc.
(a Development Stage Company)
Notes
The Company paid Chaim Drizin, a shareholder of the Company, $22,500 in consulting fees during the six months ended June 30, 2001.
The Company paid Menada Financial, Inc., a shareholder of the Company, $3,000 in consulting fees during the six months ended June 30, 2001.
/11/
Item 2. Management's Discussion and Plan of Operation
Forward-Looking Statements
This Quarterly Report contains forward-looking statements about our business, financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. If any of our assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, our actual results may differ materially from those indicated by the forward-looking statements. The key factors that are not within our control and that may have a direct bearing on operating results include, but are not limited to, acceptance of our services, our ability to expand our customer base, our ability to raise capital in the future, the retention of key employees and changes in the regulation of our industry.
There may be other risks and circumstances that we are unable to predict. When used in this Quarterly Report, words such as, "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward- looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.
General
We were formed as a Nevada Corporation on September 6, 2000 under the name Intrac, Inc. We are a development stage company that intends to manufacture and market the mini-Accommotrac Vision Trainer ("AVT). The mini-AVT is a patented electro- optical device that uses the scientific principle of biofeedback to teach people how to voluntarily control the ciliary, or focusing, muscle of the eye. This type of medical instrument has been used to:
1. Help reduce nearsightedness;
2. Enhance athletic performance; and
3. Aid children with learning disabilities.
Dr. Joseph N. Trachtman, president of Intrac, Inc., is a pioneer in the area of vision and biofeedback research. Biofeedback does not belong to a particular field of healthcare, but is used in disciplines ranging from internal medicine to dentistry to physical therapy and rehabilitation. He has over 25 years of experience in the fields of research and development, marketing and sales.
Results of Operations
For the period from January 1, 2001 through June 30, 2001, we generated $600 in revenues derived from an advertising arrangement from a number of doctors that allows their listings on our website, www.accommotrac.com. On June 4, 2001, Intrac, Inc. obtained listing status on the Over the Counter Bulletin Board ("OTC-BB") under the symbol "ITCN".
We incurred expenses for the operating period January 1, 2001 through June 30, 2001, totaling $262,901. Expenditures were primarily due to costs incurred for professional fees, services and general and administrative expenses. Our professional and service expenses were incurred from our public listing process on the NASD's OTC-BB which included the process of the public offering in the State of Nevada and the State of New York, state Blue Sky registrations, attorneys' fees, escrow and EDGARization costs related to the offering, and audits and public filing costs.
/12/
Future Business
Our priorities for the next 3 to 12 months of operations are:
1. Contracting a sub-manufacturer for the mini-Accommotrac Vision Trainer;
2. The continued Development of our corporate Internet site (www.accommotrac.com);
3. Organizing and hiring a sales and management team;
4. Sending out press releases announcing our accomplishments; and
5. Forming strategic alliances to increase our customer base and to build our brand equity.
To further our business plan we have:
1. Created a software package of vision tests that are currently in the final stages of development. The tests include visual acuity, depth perception, color vision, and contrast sensitivity. They will be marketed to professionals via direct mail and telephone follow-up, and the general public via our website www.accommotrac.com.
2. Enhanced our website to include Dr. Trachtman's book "Open Your Eyes and See" a layman's guide to better vision, health and performance. In addition, an on-line brochure on A.D.D./A.D.H.D. is now up and running.
3. Entered into preliminary discussions with a group from Singapore for distribution and/or a joint venture.
4. Compiled the theory and practice of our training program into a course that will be given this fall by Dr. Trachtman at Wagner College, Staten Island, New York. The title of the course is Sports Management and is part of the M.B.A. program.
Liquidity and Capital Resources
Based on the $148,600 raised through the public offering of our common stock we believe that the company has sufficient liquidity to continue its current operations for at least the next 12 to 24 months, however, it would be unlikely for us to continue as a going concern without generating revenues or raising funds through a subsequent sale of our common stock.
All investor inquiries should be directed to Dr. Joseph N. Trachtman, President, Intrac, Inc., 26 Schermerhorn Street, Brooklyn, New York 11201, phone 718-852-7856 or via his web address tracht@accommotrac.com.
/13/
PART II - OTHER INFORMATION
Item 6. Exhibits
Exhibit Name and/or Identification of Exhibit Number
3 Articles of Incorporation & By-Laws
(a) Articles of Incorporation of the Company filed September 6, 2000. Incorporated by reference to the exhibits to the Company's General Form For Registration Of Securities Of Small Business Issuers on Form 10-SB, previously filed with the Commission.
(b) By-Laws of the Company adopted September 8, 2000. Incorporated by reference to the exhibits to the Company's General Form For Registration Of Securities Of Small Business Issuers on Form 10-SB, previously filed with the Commission.
/14/
SIGNATURES
Pursuant to the requirements of the Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Intrac, Inc.
--------------------------------------------------------------------------------
(Registrant)
Date: August 13, 2001
By: /s/ Dr. Joseph N. Trachtman
-----------------------------------------------
Dr. Joseph N. Trachtman, President and Director
/15/
--------------------------------------------------------------------------------
End of Filing
© 2001 / EDGAR Online, Inc.
Hi all. It looks like online gaming
could be the next hot sector soon.
Late last night BIGRE(pinky-yuck)posted decent news and RIPE had news.(no position here, but thought I'd pass this on)
They'll be coming out of the wood work if this bill
in Nevada is passed.
Nevada governor to sign online gaming bill - spokesman
Updated: Tue, Jun 05 7:11 PM EDT
LAS VEGAS (Reuters) - Nevada Gov. Kenny Guinn will probably sign a bill now on his desk that could pave the way for his state to become the nation's first to offer legalized online gaming, his spokesman said Tuesday.
Guinn received the bill Monday, after the state legislature passed a revised form of the measure that had been the subject of hot debate. Guinn has 10 days to sign or veto the bill from the day he received it.
"Barring some technical or otherwise unforeseen problem with it, we're anticipating signing it," said Guinn spokesman Jack Finn. "He may get to it (on Tuesday), or, if not, then probably within the next few days."
CBLT shareholders to receive $3.50 cash
Presently at 1.95
Cobalt Group, Inc.--CBLT
The Cobalt Group To Be Acquired for $3.50 Per Share; Warburg Pincus to take The Cobalt Group private in a merger transaction
SEATTLE, Jun 4, 2001 (BUSINESS WIRE) -- The Cobalt Group, Inc. (Nasdaq:CBLT) announced today that it has entered into a merger agreement with an affiliate of Warburg Pincus, a private equity investment firm and Cobalt's largest shareholder.
Under the terms of the merger agreement, Cobalt's shareholders will receive $3.50 in cash for each share of common stock that they own. The purchase price represents approximately a 79% premium to the $1.95 closing share price on June 1, 2001, which was the last trading day before the announcement of the transaction.
I do not have a position.
No date yet on dividend that I can tell.
Worldwide Financial Holdings Announces Final Approval of 15 for 1 Forward Split
March 1, 2001
OREM, Utah, Mar 1, 2001 (BUSINESS WIRE) -- Worldwide Financial Holdings Inc. (OTCBB: WWFI) Thursday announced the approval from the board of directors and its majority shareholders for a 15 for 1 forward split.
The forward split's effective date is to be forthcoming.
After significant discussion, and further consideration, the board of directors, along with the company's majority shareholders have deemed it to be in the best interest of the company to forward split the company stock at the rate of 15-1.
This allows the company to meet all its previous objectives while still providing additional shares of stock for future growth strategies, in addition to providing an outstanding investment opportunity for the smaller investment community.
WWFI intends to position itself to take full advantage of a multi-billion dollar industry, with state-of-the-art technology, that will bring broadband access to many communities throughout the United States.
Further information pertaining to WWFI's future plans, technology, and executive management will be forthcoming.
Anyone watching LCCP?
Haven't read their recent filings yet,
they are up 1.95 on 30,000 shares Hmm?
Hi guys! Has anyone here read the
S8 filings on WBCL, yet!
I can't figure out if this is a
blessing in disguise, or a nightmare.
It doesn't matter anymore I'm in it
until split (I bought just before
I discovered yesterdays filings).
My gut told me for days this is a no brainer,
but now I wonder?
This market is getting out of control, something
has got to give - MMM and SEC would be a good place to start!
Take Care all
AVTI has good news out today. eom
INQU -- I-Incubator.com, Inc.
i-Incubator Announces February 13, 2001 as the Record Date for the Spin Off of Its Subsidiaries
February 2, 2001
MIAMI, Feb 2, 2001 (BUSINESS WIRE) -- i-Incubator.com, Inc. (OTCBB:INQU) is pleased to announce that it has a filed a Schedule 14C Definitive Information Statement pursuant to Section 14(C) of the Securities Exchange Act of 1934 today to inform its shareholders of its intention to spin off its four wholly owned subsidiaries, i-CarAuction.com, Inc., i-Teleco.com, Inc., i-Aerobids.com, Inc. and i-AntiqueAuction.com, Inc. as well as its subsidiary i-RealtyAuction.com, Inc. (which is thirty (30%) percent owned by Global Realty Management Group, Inc. (OTCBB:GRMG)) to its shareholders of record as of February 13, 2001. In addition, the Company is informing its shareholders of its intention to distribute its 1,500,000 shares of Wealthhound.com, Inc. (NQB:WLTH) to its shareholders as of February 13, 2001.
On January 23, 2001, i-Incubator filed its Schedule 14C Preliminary Information Statement with the Securities and Exchange Commission and did not receive any comments on such filing. Therefore, i-Incubator filed its Definitive 14C with the SEC and announced that all shareholders of record of the Company as of February 13, 2001 will receive shares of the subsidiaries common stock in the following manner:
1. i-RealtyAuction.com, Inc.-.1439 shares for each i-Incubator share
owned;
2. i-Teleco.com, Inc.-.7810 shares for each i-Incubator share owned;
3. i-AntiqueAuction.com, Inc.-.4111 shares for each i-Incubator share
owned;
4. i-Aerobids.com, Inc.-.4111 shares for each i-Incubator share
owned;
5. i-CarAuction.com, Inc.-.4111 shares for each i-Incubator share
owned; and
6. Wealthhound.com, Inc.-.062 shares for each i-Incubator share
owned.