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still ceo waiting on the security token? is it a lie ?.
come on, why would any one wait a week for token ? huh
company dumping shares . TGGI should stop dumping shares at 0001. it will go bidless again.
huge hits coming in at 0002. gooo TGGI
it seems Insiders buying big blocks at 0002. look at the trades 5,000000 , 29,000000 at 0002. TGGI is going to be huge.
QASP news...
this is the great news...
On August 29th, the company received an unsolicited offer to purchase the operating assets of the Company from MDT Labor d/b/a/ MDT Technical in exchange for approximately $2.2 million in cash to bring contractors of our major customers current; an earn-out payment not to exceed $3.5 million, and; certain other assumed liabilities associated with, among other things, liabilities related to employees transferring to MDT.
LOUISVILLE, Ky., Sept. 21, 2012 /PRNewswire via COMTEX/ -- Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), released the following letter to shareholders:
(Logo: http://photos.prnewswire.com/prnh/20101021/DA85933LOGO)
Dear Beacon Shareholder:
I am writing today to update you on recent developments since we filed our 10-Q for the quarter ending June 30th, 2012 and explain the events the led up to the 8-K filed last week. As we stated in our most recent quarterly report, it would be essential to obtain additional financing to meet our obligations in the fiscal fourth quarter, and for the rest of the calendar year. The recently announced transaction represents what we believe will provide for the best possible outcome for our stakeholders. Before we discuss the most recent developments, we would like to back up a few quarters and walk you through the events that brought us to where we are today.
The Company experienced break-even operating income for the forth fiscal quarter ending September 30th, 2011 and positive operating income on $6.0 million in sales for the first fiscal quarter ending December 31st, 2011. The Company experienced an unforeseen and significant revenue shortfall for the second fiscal quarter ending March 31, 2012 of approximately 50% or $3.0 million versus the previous fiscal quarter due to its major customer indefinitely suspending two large global projects that accounted for approximately 50% of the Company's annual revenue. This revenue shortfall resulted in negative operating income and an inability to service contractors and creditors. Accordingly, the Company began to reduce operating expenses and allocate resources to increase incremental new revenue, understanding that our expenses at this revenue level resulted in negative operating income. Subsequently we determined that in addition to refinancing our senior debt, additional capital was required to stabilize the Company.
The Company engaged advisors and bankers beginning in February 2012 to raise $3.0 million in new capital and secure an asset based lending facility of up to $5 million. The Company had discussions with approximately 20 potential financing sources and engaged in due diligence with several banks. The decline in net sales, which began in our second fiscal quarter, negatively impacted our ability to complete the refinancing as planned. These efforts yielded an amount that was not sufficient to stabilize the Company. Our senior secured notes began to mature in June 2012. We were unable to meet our obligations and the Company began working with the advisors for the secured note holders. During this time, the Company had also been working closely with its largest customer and its critical vendors. This customer established a deadline to resolve all outstanding vendor payments. Despite our best efforts, this deadline was missed. Concurrently, the Company did not meet its July and August 2012 principal and interest payments on its senior secured notes.
On August 29th, the company received an unsolicited offer to purchase the operating assets of the Company from MDT Labor d/b/a/ MDT Technical in exchange for approximately $2.2 million in cash to bring contractors of our major customers current; an earn-out payment not to exceed $3.5 million, and; certain other assumed liabilities associated with, among other things, liabilities related to employees transferring to MDT. Given the status of the refinancing efforts and state of the contractor and other vendor payables, the only viable option for the Company to meet its financial obligations and remain in business and avoid seeking protection under the bankruptcy code at the time was to agree to the Asset Purchase Agreement between the Company and MDT Labor, LLC. As a result of this transaction, the Company ceased business operations and is exploring options including mergers, acquisitions, and new business ventures.
The Company believes this transaction is in its, and its stakeholders' best interest. Specifically, this Agreement, together with the other transactions contemplated to occur in connection with it:
Provides for the uninterrupted service of its customers by substantially fulfilling outstanding vendor payment obligations;
Provides an opportunity to pay down the notes held by the secured lenders;
Enables the Company to avoid filing for bankruptcy protection and survive as a public entity;
Allows the Company to pursue the acquisition of another operating business that could potentially result in some return for common shareholders and unsecured creditors;
Allows most of the Company's employees to retain their positions with MDT as their new employer
Should any further significant developments occur, we will keep you informed.
Sincerely,Bruce WidenerCEO
NICE INAR 0.0003s started..
UCHC news...
SHENZHEN, China, Aug. 24, 2012 /PRNewswire via COMTEX/ -- Uni Core Holdings Corporation (UCHC), a Hong Kong based holding company, is excited to announce that Shaanxi Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, has signed an agreement with Inner Mongolia Liaozhongjing Chemical Industry Co., Ltd. ("Liaozhongjing") on patented technology development and national exclusive distribution of the Sustained-Released Diammonium Phosphate. Prosperous Agriculture becomes the exclusive distributor of this national patent winner, Sustained-Released Diammonium Phosphate, in the nation. It is expected to bring an increase of over RMB50 million sales (around US$8 million) to Prosperous Agriculture and the business is expected to achieve RMB300 million sales (around US$47 million) in 2013. This product is the only Sustained-Released Diammonium Phosphate in the nation which has been granted the national patent, its social values and fertilizer efficiency are both superior to traditional diammonium. According to publicly available information from the Chinese Government, China's domestic annual sales of traditional Diammonium Phosphate is around 8 million tons; the market size is around RMB25 billion (around US$4 billion); if Prosperous Agriculture's exclusive national patent winning Sustained-Released Diammonium Phosphate is to replace 10% of the market, it will be a market of RMB2.5 billion (around US$400 million). Mr. Wang Fei, General Manager of Prosperous Agriculture, said, the cooperation with Liaonzhongjing is the perfect combination of patented technologies and market channels. With the vast experience in the market operation and channel management, Prosperous Agriculture, being the "Home Depot" in the field of agricultural resources distribution, is responsible for the nationwide promotion, sales and management of the Sustained-Released Diammonium Phosphate in the market; Liaozhongjing is responsible for the provision of patented technology and production, both Prosperous Agriculture and Liaozhongjing will market the product under the brand of "XiDuoFeng" across the nation.
ICBT news....
SG1 and Canwealth Minerals Corp., Sign Merger Agreement NEW YORK and MONTREAL, Aug. 14, 2012 /PRNewswire via COMTEX/ -- Canwealth Minerals Corporation "Canwealth" and majority shareholder, ICBS Ltd., (otcpk:ICBT), announced today that an Agreement and Plan of Merger has been signed with USG1, Inc. ICBS Ltd., currently owns 70% of Canwealth Minerals Canada. Once the merger is completed, ICBS will own 60.90% of the newly formed company. The execution of the agreement is the continued path in management's launch of Canwealth into a public company. In the merger with USG1, Canwealth will represent 87% of the newly merged company, and will assume board of director and management control of the merged company upon satisfaction of the closing conditions in the agreement and upon the merger becoming effective. The Merger is subject to SEC regulatory approval. With the conformation of the signing of the agreement, attorneys for Canwealth Minerals are preparing the necessary filings and have formed Canwealth Minerals Corporation (U.S.) a Delaware corporation that will acquire 100% of Canwealth Minerals Canada shares. USG1 is now in the process of preparing to file the 8 K with the SEC. Kimi Royer, CEO of USG1: "We are very excited to be joining forces with Canwealth. We believe their mineral claims represent substantial value for shareholders and we are looking forward to being a part of this exciting opportunity." Garth McIntosh, CEO of ICBS: "We continue to move forward in the process of getting Canwealth publicly traded. Canwealth has an enormous future, and we are excited about the progress being made on a daily basis." About Canwealth Minerals Canada: Canwealth Minerals Corporation - is a mineral exploration and mining company actively searching for gold, silver, PGE, base metal and REE mineral deposits in Quebec. At the present time the company holds 9 Mining properties (268 Claim cells) in Northern Quebec's Abitibi region and the James Bay basin including addition exploration camps in South Western Quebec for a total of 38,573 acres under management and is 100% owned by Canwealth Minerals Corp. ICBS Limited is a 70% shareholder in Canwealth Minerals Corp. Legal Notice Regarding Forward-Looking Statements: Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein. SOURCE Canwealth Minerals Corporation Copyright (C) 2012 PR Newswire. All rights reserved Story ID: 1086132168 Keywords: ACQUISITION, CANADA, CEO, DELAWARE, EXPLORATION, FINANCIAL RESULTS, GOLD, LEGAL, MERGER, MINING, QUEBEC, SEC, SILVER Symbols: ICBT
i like BLVT DECENT SS. eazy mover IMO.
Seven,
IHGP website got no updates thats why they put up the message. just click the link, you would know..http://www.interactholdings.com/
nothing is going on with the company, i am the investor here, i am very concerned.no wonder if they shutdown the website , because they got no business.
sorry to leave us jimmy. hope too see you again when ihgp 0.10.
pinksheets has this address...
Contact Info
2854 Johnson Ferry Road
Suite 250
Marietta, GA 30062
Website: http://www.interactholdings.com
Phone: 678-388-9857
Email: info@interactholdings.com
website doesn't work http://www.interactholdings.com/ ? it says
"Please Check Back Soon for Updates". sweet, updates soon?
loaded some ICTY at 0003. hope it goes up. It is the eazy mover.
RA, a Subsidiary of Godfather Media, Inc., Announces the Signing of Randy Keisler to a Korean Professional Baseball Contract
MISSION VIEJO, CA, Jul 12, 2012 (MARKETWIRE via COMTEX) -- Godfather Media, Inc. (PINKSHEETS: GFMD) subsidiary Elite Representation Associates announces that client Randy Keisler has joined the Goyang Wonders, a Korean professional baseball team. Check them out at http://wonders.kr/. Keisler began the season with the Long Island Ducks of the Atlantic League. He made 10 starts with the Ducks, acquiring a 4-1 record and a 2.67 ERA.
ERA president Bryan Swalley stated, "Professional baseball in Korea is a huge industry and we (Keisler and ERA) are very thankful for this opportunity. With the number of import players allowed being extremely limited, it is a very tough and competitive market to break into."
EGOH ready for bounce...chart looks gr8
with the good news, IGSM 0.10+ eazy IMO. company is soo stupid that it can not even take care its stock.
On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) we contributed substantially all of our intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. Additionally, in connection with the license transaction, Apple required us to complete a statement of work related to the exchange of Liquidmetal intellectual property information. The Company recognized a portion of the one-time license fee upon receipt of the initial payment and completion of the foregoing requirements under the license transaction. The remaining portion of the one-time license fee was recognized at the completion of the required statement of work.
Under the agreements relating to the license transaction, we are obligated to contribute all intellectual property that we develop through February 2012 to CIP. In addition, we are obligated to refrain from encumbering any assets subject to the Apple security interest through August 2012 and are obligated to refrain from granting any security in our interest in CIP at any time. We are also obligated to maintain certain limited liability company formalities with respect to CIP at all times after the closing of the license transaction. If we are unable to comply with these obligations, Apple may be entitled to foreclose on our assets.
solid accumulation going on here. why do u want to be -ve ?.
eazy 05+ with the buying pressure . it got smallest ss i have ever traded 8,554,746. Great news, company in profits. it is going to be huge IMO.
DALLAS, TEXAS - October 27, 2011:
China Crescent has no plans at this time to either increase the number of its authorized shares of common stock or reverse split its issued and outstanding shares.