has anyone had any luck contacting greenlite - it seems our best source of information has been Raik but I haven't seen anyone post any information from the other side - I emailed Greenlite to see if I could get any elaboration on a new deal or an expected time frame of any pr but of course I haven't heard anything at this point and going back over old posts I haven't seen anyone with any contact to greenlite it has all been with advantag

currently only 30k shares for sale under .01 - it looks like most are holding

As per http://www.sec.gov/investor/pubs/microcapstock.htm

Under those definitions it doesn't appear they have to file at all - but with that said raik said they were filing but we still don't know if its good news or bad news - even if good news lets pray it's not a rs or some sort of stock structure change

They actual don't have to file at all pink sheets are not sec regulated

By sec regulation they have 4 business days after the event to file an 8k

Nothing like waiting til the last minute - they have until the close of business Monday to file they're 8k

anybody have a suggestion for a good mobile app with level 2 - I have level 2 thru etrade but they don't offer otc and pinks on they're mobile app?

no its not out but if you want to know immediately when it comes out you can get the RSS feed off of there

if anybody is interested you can get the RSS feed off the SEC website to push the 8k filing immediately to your computer or phone

http://www.sec.gov/cgi-bin/browse-edgar?company=greenlite&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

Might give you a chance to try and pick up some as low as possible after it comes out

Not totally sure but since an 8k was filed for the loi I would think one would have to be filed to close it. But if you think about it this way if there was no deal I don't think raik would still be in contact with greenlite so he wouldn't know they're proceedings

On the sec website it states termination of a deal must file as well and also states they only have 4 business days to file after the deal or termination is done so that would make Monday they're final day to file the 8k

Not to be a downer - because I bought in more today but they would have to file the 8k either way to finish the deal or show it is terminated - but obviously I thought it was worth the gamble to invest more so let's hope it's good news. With that said I would have thought if it was to show termination it wouldn't have taken this long

If everything is finalized I would expect it to come to the last day - our company got bought out last year and it finalized on the 31st of December last year even though it was done weeks before hand

can somebody post the current loi that is on the table

when did you get that newsletter - today?

ya the being past the timeframe doesn't bother me really - I tried to bring up points last week to make sure people were aware what reverse merger meant and some folks didn't care for it to much but I always believe in having all of the information - I would rather be informed than blind about it - reverse merger can be really good or really bad - don't get me wrong I hope it's good because I bought in a couple weeks ago but reverse mergers can go either way. This one seemed like a good gamble so we'll let it ride and see where it goes.

they filed a 12b25 form on 11/14 which only gives a 5 day extension so they are way past that

Here is they're SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?company=greenlite&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

Here is the SEC guidlines:
Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.

basically greenlite is the shell Advantage is paying greenlite for the shell - its much cheaper than going thru an ipo to get into the market - i'm guessing advantage doesn't have the cash to pay for the shell yet

I know exactly what it means that's why I'm curious why noone else brought it up -

http://finance.zacks.com/reverse-merger-mean-stocks-1096.html

just google reverse merger because you make it sound like a normal merger and it is far from that. The name and symbol may change there are alot of things that could happen here. Don't get me wrong I hope that your right because I bought in last week

That's great news for the merger the problem is - it is still a reverse merger which usually means a reverse split. I'm not sure why no one else has mentioned this yet - it is clearly stated that this is a reverse takeover it's just they're way of getting into the market without having to go through an ipo.

With this being a reverse merger it seems likely there would be a reverse split correct? Why are we sure the price is going up when this merger happens if it reverse splits we could all be in trouble