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somebody wants out awefully bad to be selling at .0103
waiting for the big news!
I have a feeling a forward split or share dividend may be in the works, for us shareholders as good faith by new mngmt. it is not uncommon.
from the recent pre 14c filed
Reasons for Approving the Recapitalization
Our Board of Directors believes that the Recapitalization is in our best interests and the best interest of our stockholders to provide us with flexibility in pursuing its long-term business objectives. The primary reasons for the Recapitalization are:
(i) Management expects that in the future it will pursue opportunities and seek to raise capital to implement fully its business plan. A reserve of both Common and Preferred Stock available for issuance from time to time will enable us to entertain a broad variety of financing proposals and to increase the marketability and liquidity of both our Common and the Preferred Stock; and
(ii) Management may utilize the Common and Preferred Stock in connection with corporate acquisitions, joint venture arrangements, or for other corporate purposes, including the solicitation and compensation of key personnel. The Preferred Stock may be particularly useful for such purposes because of the power of the Board to grant rights and preferences to the holders of the Preferred Stock, including dividend, liquidation and voting preferences.
At the present time, the Board has not made any specific plan, commitment, arrangement, understanding or agreement with respect to the shares of Common and Preferred Stock that will be available for issuance after the increase in our authorized capital.
Reasons for the Increase in Authorized Common Stock
The increase in the number of authorized but unissued shares of Common Stock would enable us, without further stockholder approval, to issue common shares from time to time as may be required for proper business purposes, such as raising additional capital for ongoing operations, business and asset acquisitions, stock splits and dividends, present and future employee benefit programs and other corporate purposes. Due to the current state of the U.S. and international capital markets, we anticipate that we will need to issue a significant number of shares of Common Stock or securities convertible into or exercisable for shares of Common Stock to raise financing to meet our working capital needs. In addition, the authorization of additional shares of Common Stock will provide us with the flexibility from time to time in the future to seek additional capital through equity financings in a competitive environment and to use equity, rather than cash, to complete acquisitions.
Having such additional authorized shares of capital stock available for issuance in the future should give us greater flexibility. The increase in the authorized number of shares of our Common Stock will permit our Board of Directors to issue additional shares of our Common Stock without further approval of our Stockholders and without the related expense and delay of a special stockholders’ meeting. Our Board of Directors does not intend to seek stockholder approval prior to any issuance of the authorized capital stock unless stockholder approval is required by applicable law or stock market or exchange requirements.
In addition to financing purposes, having additional shares authorized and available for issuance would allow us to issue shares of Common Stock that may make it more difficult or discourage an attempt to obtain control of our Company by means of a merger, tender offer, proxy contest or other means. When, in the judgment of our Board of Directors, this action will be in the best interest of our Stockholders and our Company, such shares could be used to create voting or other impediments or to discourage persons seeking to gain control of our Company. Such shares also could be privately placed with purchasers favorable to our Board of Directors in opposing such action. The existence of the additional authorized shares could have the effect of discouraging unsolicited takeover attempts. The issuance of new shares also could be used to dilute the stock ownership of a person or entity seeking to obtain control of our Company should our Board of Directors consider the action of such entity or person not to be in the best interest of the Stockholders. The issuance of new shares also could be used to entrench current management or deter an attempt to replace our Board of Directors by diluting the number or rights of shares held by individuals seeking to control our Company by obtaining a certain number of seats on our Board of Directors.
Principal Effects of the Increase in Authorized Common Stock
The increase in our authorized common stock will allow our Board of Directors to issue shares without further action or vote by our Stockholders, including for potential capital-raising purposes and acquisitions of other businesses or assets. The issuance in the future of such additional authorized shares may have the effect of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights, of existing holders of our Common Stock. Such dilution may be substantial, depending upon the amount of shares issued. It may also adversely affect the market price of our Common Stock.
There are currently no plans, arrangements, commitments or understandings for the issuance of additional shares of Common Stock.
The term “blank check” refers to preferred stock, the creation and issuance of which is authorized in advance by our Stockholders and the terms, rights and features of which are determined by our Board of Directors upon issuance. The authorization of such “blank check” Preferred Stock permits our Board of Directors to authorize and issue Preferred Stock from time to time in one or more series without seeking further action or vote of our Stockholders.
Subject to the limitations prescribed by law, our Board of Directors would be expressly authorized, at its discretion, to determine the number of series into which shares of preferred stock may be divided, to determine the designations, powers, preferences and voting and other rights, and the qualifications, limitations and restrictions granted to or imposed upon the preferred stock or any series thereof or any holders thereof, to determine and alter the designations, powers, preferences and rights, and the qualifications, limitations and restrictions granted to or imposed upon any wholly unissued series of preferred stock or the holders thereof, to fix the number of shares of that series and to increase or decrease, within the limits stated in any resolution of the Board of Directors originally fixing the number of shares constituting any series (but not below the number of such shares then outstanding), the number of shares of any such series subsequent to the issuance of shares of that series. There are currently no plans, arrangements, commitments or understandings for the issuance of any shares of preferred stock which are proposed to be authorized.
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form t trade eod 15k @.0119
211000 added 50k today @.0083
consolidation is getting close to an end level 2 is EXTREMELY thin to .0157 now!
popped up 35% this morn on no volume that should tell u something right there.
i am not here to help anyone with their trading decisions. I am holding for my own reasons and im confident with my DD. We havent seen volume come in yet either.
penny stocks are not for the squeamish
LET WEAK HANDS OUT, they will just cause a problem during the real run after name change n press releases!
somebody is getting caught short probably are arch nemesis NITE!
hey sounds good to me! .50+ i could retire!
cvslab.com/ website under construction for our new name computer vision systems laboratories
c,mon june 6th i am really excited about this one. Lots of potential. although i think .10 pps is more realistic
operations and potential revenue should drive the pps ,The a/s being increased is most likely for acquisitions not dilution. 500m a/s is not a lot. i have seen companys in the pinkies over a billion in the (float) trade for over .06/share.
enjoy your weekend everyone next week this should get very interesting.
wow good find and dd, i must say. we have a winner here
Read the filing it says the name change is to show that their tecnologies include more than cardio then specifically mentions breast cancer detection.
this thing is just getting started lets spread the word on the acqusition.
mm's beating the hell out of the pps
acqusition/merger in the filing name change in june im holding
forward split in the works
saw that pre 14c and picked up150k @.008 im in looks like a winner
talked with Raymond yesterday didnt say much but, did confirm brought to pink current for a reason and the company is hard at work to take the e commerce alive!
yes raymond sorry
APRM got funding launching new website for e commerce for usa made products in china low float bottomed out right now. Talked with ceo yesterday.
talked with Richard yesterday didnt say much but, did confirm brought to pink current for a reason and the company is hard at work to take the e commerce alive!
aprm 10 bagger in the making recently current on pinks obtained funding for project.
lets set are sell orders high n make em pay. this is rediculously low right now. If we all hold tight n wait for news we can keep the pps high until that news hits.
i added over 200k today
no pinkie spends money to be current unless they want transparancy to bring in new investors its that simple!
i think news is right around the corner!
the most recent financial statement mentions completing an acquisition by the end of this quarter.
lookin wraped tight here
exactly it sounds like they have current management with connections. the last 10q did state that current managements contacts is the most likely source of a merger candidate.
absoulutely alot can happen in six weeks.
this part of the 10q looked interesting, NOTE 5. OTHER RECEIVABLE
In March 2011, the Company commenced negotiations for a transaction with a third party and placed $75,000 as a deposit in an escrow account. The negotiations were terminated in April 2011 and the deposit was returned to the Company. In the accompanying balance sheets at March 31, 2011, this deposit is disclosed as other receivable.
this atleast means they are actively trying to get a new business model together for us!
Its very obvious vuqo bought the shell.