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So Joe, is your impression from the call that if the PPS got to $3 or $4 by the time they close the deal (10 weeks from now), that they would not do an RS?
My own opinion is that they are expecting a rise in PPS from here, since doing a 1:100 would put the OS at only 3.1 million. An RS from a dollar would only need to be a 1:3, leaving 10 million or so. JMO.
TIA,
Bench
This one has got me thinking SPEA. For those who do not remember, check it out:
http://www.shellstockreview.com/ssr-Elvis-Presley-and-SPEA.html
Bench
Nice post. I really like this part:
Due to the economic impact we represent in a region, which is hungry for economic growth, the State of Nevada is ready to induce a $4.5 billion economic development bond in support of the construction of our project.
Bench
If there are really only 11 million shares in the float, then it would be hard for huge money people to buy millions of shares. Plus, the news just came out.
Also, this is an OTC BB stock, not a pink sheet.
Bench
ASWD - I think the float is only 11 million. EOM
ASWD NEWS
American Southwest Music Distribution Signs Definitive Merger Agreement to Acquire Ultimate Sports Resorts
Monday March 10, 1:58 pm ET
Company Plans $5 Billion Construction of the One-Of-A-Kind Las Vegas Sports/Hotel/Casino Complex
HOLLYWOOD, Calif.--(BUSINESS WIRE)--American Southwest Music Distribution, Inc. (OTCBB:ASWD - News) announced today that it has signed a definitive merger agreement to acquire Ultimate Sports Entertainment, Inc. of Las Vegas, NV (www.ultimatesportsresort.com). The newly combined company will be renamed Ultimate Sports Resorts, Inc.
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“We are extremely excited about the opportunity to merge with a visionary company in the process of building one of the most innovative projects in Las Vegas history. American Southwest has spent countless weeks evaluating the best opportunities which would enhance the value of our company for its shareholders,” said David Michery, CEO of American Southwest. “Once completed, this 116 acre all sports resort will be one-of-a-kind addition to Las Vegas as it will provide the first daytime, family friendly entertainment in the area with an unparalleled total sports experience suitable for all ages. We are pleased that Ultimate Sports has chosen to partner with American Southwest for this $5 billion venture.”
“Our build-out of 17 million sq ft. of `The Greatest Sports and Entertainment Destination in the World' requires a capital structure which includes the participation of Wall Street and the first tier banking community,” said Matt Rose, President and CEO of Ultimate Sports. “Achieving the project’s construction costs via the `private sector' has proven itself unrealistic. Once the determination was made to take our company public, a merger with American Southwest made perfect sense.”
Details of the merger were not released pending the approval of the shareholders of both companies.
About American Southwest Music Distribution, Inc.: American Southwest Music Distribution, Inc. (www.aswmd.com) is a publicly traded company partnering with Universal Records, a division of UMG Recordings Inc., to form a niche market in the production, marketing and distribution of fresh musical talent via traditional and nontraditional vehicles.
About Ultimate Sports Entertainment, Inc.: Ultimate Sports Entertainment, Inc. (www.ultimatesportsresort.com) is a privately held Nevada corporation in the business of developing and building an all encompassing total sports experience…“The Ultimate Sports Resort”. Components of the planned facility will include sports venues, sports activities, “Hall of Fame” quality sports memorabilia, 5,152 hotel rooms, 1 million sq ft. of convention space, 500 luxury condo’s and more.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
American Southwest Music Distribution, Inc.
David Michery, 562-242-8323
or
Ultimate Sports Resort
Matt Rose, 702-270-2967
52-week high is .16. Do you think we get there today? EOM
ASWD looking to go parabolic...03 x .04. Thanks TTOON! EOM
Thanks Howser! You kept us from dropping below .002 today. You da man! :)
Bench
If someone stole your money, would you just let it go? EOM
.02 bid is back. As far as the chart is concerned, .02 has held today :)
Bench
Thanks for the info! The OS count is not too bad right now then IMO. The company looks like they are making progress, so hopefully the filings will show the same.
GLTY,
Bench
I do not see .001. Good support is at .002. JMO.
Bench
I was waiting for the right time to jump back in. Today was the day. I'm back in at .019.
Today's news was nice, but I like the news I have seen over the past month or so even better. Like this:
http://biz.yahoo.com/iw/080128/0353485.html
Bench
Dennis, he was probably looking to get in at .016, but the PR did him in. Now he is trying to bash it down. JMHO!
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IMO, a great close would be .0005 and 40 million+ volume. Can we get there?
Bench
LOL...a run like BLLB would be nice. Thanks. EOM
Do you know the share structure by chance?
TIA,
Bench
What's the big excitement with this stock? I see it is getting a lot of attention.
TIA,
Bench
LOL..looks like I did miss it. Good. I thought you were only posting on down days.
Bench
How about some info on yesterday's trading? I didn't see you around then. Maybe I missed it.
Bench
LOL...Freemont American Resource Trust :) EOM
Did anybody find it humorous that two of the symbols talked about tonight were "PUKE" and "CRAP"? :)
Never thought anyone would choose those as a symbol...
Bench
There was nothing to correct. He quoted a line from the movie Animal House.
This is the right company:
http://www.greenglobeint.com
It's a work of art, IMO :) EOM
I feel bad for the company too. They had legitimate news yesterday that was overshadowed by this. And according to yesterday's PR there is more good news coming:
"We expect to report exciting new growth news and opportunities throughout this year as we continue to build our business"
Bench
A lot of selling at .0009, but the bid is strong.
Could be a good sign.
Bench
True, but I think you have a good reputation around here for being accurate and doing your DD, so I appreciate you giving your opinion.
Thanks
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Thanks Lurker! That's very good information.
Bench
Do you think all this went out the window today?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26472168
TIA
Bench
Nice grab. I'm in at .0002 and .0003. EOM
IMTD showing some volume today. It hit .0004 earlier. EOM
More evidence that ACUP is Rudy Nutrition:
This link was listed with this title on Yahoo from Edgar:
RUDY NUTRITION Financials
http://finance.yahoo.com/q/is?s=acup.pk
Also see here:
http://finance.yahoo.com/q?s=ACUP.PK
Bench
Correction, EV Parts has 10% of us. We have 100% of EV Parts:
Techalt, Inc. announced today that it has closed its merger with EV Parts, Inc. (“EV Parts”), a leading online supplier of electric vehicle parts and components, whereby EV Parts will become a wholly-owned subsidiary of the Company
Bench
I agree, that shows the strength that this stock has, but it would never gone below .30, let alone .20, if it wasn't for the special situation I mentioned.
We should have closed at .32.
Bench
You guys will have to trust me on this, but today's selling was forced. An advisor friend of mine held this stock for clients, and due to margin calls the brokerage sold all the shares in the accounts at market. AFT was in those accounts.
Bench
I hope it holds up. All of mine are green today :)
Bench