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OK, so were from here? Buy sell or hold?
Post it....I think it's good news...I don't know how to post a PDF document.
Sent
I'm still in wait and watch mode but have been focusing on large cap stocks.
Very solid points.
Then divide it by two (matched trades). Then subtract any of the same shares which were bought/sold or sold and rebought. I would also like to know the number of shorted shares.
Mark my word, those that sold will be sorry.
So Cornell is going to take over NXNO, hand it over to TTGL, turn down the settlement, and in the process bilk all the NXNO shareholders out of their holdings? And a judge is going to let that happen? Ain't happenning. That dog don't hunt. That judge has been and is our Ace in the hole. We should be sending him info, not the SEC.
"Cornell stepped in and said they were not satisfied as the major creditor for NXNO".
Why's that not good news? TTGL is not a done deal. Also if the judge keeps to his word we'll see a settlement soon. That's great news. It also means as we've suspected the law suit is tied to the takeover. Post it.
Me too. Going to wait this out. I'm not covinced this "aquisition" is a done deal. If it was, NXNO would have PRed it.
Has Titan responded back to anybody here? I called and e-mailed with no response. I think NXNO's (our) status is still being negotiated. And the law suit settlement is probably a factor.
I see them giving one share to TTGL shareholders for every TTGL share and then the reverse merge into the NXNO shell. Everyone wins. We'll know when they file the form 10.
The Company’s Board of Directors has authorized a definitive strategic plan to spin-off Titan’s Printed Circuit Board manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will apply for admission to the NASDAQ stock exchange of Titan EG.
I'll bet we own more shares than the float. We should file a class action law suit together. lol
Your knowledge is surpassed by your posting history. lol.
In case you haven't already figured it out... news flash......the float is already sold out.
The more I'm seeing what's happenned here... the more I'm glad I didn't sell.
Time to buy. IMHO.
Sorry for my excessive posting habbits lately. I will now retreat back into hibernation mode.
lofl
Well thank you very much. Peace.
If this was or is a reverse merge were Titan uses the NXNO public vehicle to spin off Titan EG or Titan Nexus you know we will have hit the jackpot.
Whats the point in aquiring a public company if you can't keep the public vehicle? Why isn't this just like a reverse merge?
Your probably right. Maybe this whole game of hardball is about the lawsuit.
Why would the shareholders be SOL? Not if you merge Nexus assets/revenue along with Titan EGs. There has to be a conversion.
The debt assumption was the cost of the Nexus aquisition/reverse merge. Along with shares issued to YA/Cornell. In TTGLs press releases they talk about aquiring a smaller public company and spinning off Titan EG. So my question is, why won't Titan EG assume/merge with NXNO's shares?
..........
Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, today announced its definitive strategic plan to spin out Titan’s Electronics Group (“Titan EG”).
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The announcement follows Titan’s acquisition of the various secured debt and equity instruments secured with the assets of Nexus Nano Electronics, Inc. (“Nexus”). Titan intends to exercise its legal rights as its lender to obtain ownership of Nexus’ assets. Titan will combine Nexus with the operations of its Titan Electronics Group, creating synergies and efficiencies. Titan Electronics Group includes its legacy PCB divisions of Titan PCB East and Titan PCB West.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will make application for admission to the NASDAQ stock exchange of Titan EG.
"the question is how much does the debt convert into nexus common. My guess would be to the extent that any other shareholders are effectively diluted to virtually nothing. Otherwise, knowledgable insiders would be buying nxno on the open market."
This is the part I'm trying to understand.... all of Nexus Naono's assets include their authorized and outstanding share structure.
Has anyone seen this?
SYNOPSIS
US - Titan Global Holdings Inc (TG)agreed to acquire Nexus Nano Electronics Inc(NN), a manufacturer of customer built boards for aerospace, defense and other industries, in a stock swap transaction valued at $7.3 mill. TG offered 1 common share per 1 NN share. Based on TG's closing stock price of Nov 1, the last full trading day prior to the announcement, each TG share was valued at $2.
Actually, .005 goes into 2.00 400 times
This is 1 Titan share per 400 NXNO shares.
Per Titan PR: The spin-off or merger will allow the Company to accelerate strategic transaction flow at all remaining divisions, which the Company believes will significantly build overall shareholder value. Titan is pursuing both options on a parallel course and will make a decision by October 31, 2007, on its preferred plan.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan PCB, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company would make appropriate filings with the Securities and Exchange Commission and expects the spin-off could be completed during the Company's 2008 fiscal year.
A merger would be accomplished through the issuance of stock to Titan in a synergistic public electronics company in exchange for 100% of the outstanding stock of Titan PCB. Under this approach, Titan could, over time, monetize its owned stock through the sale of such shares in the open market. Alternatively, Titan could distribute these shares to its shareholders consistent with Securities and Exchange Commission rules.
Under either plan, Titan would retain its Communications Division, Titan Energy Group, and Titan Global Brands units. Titan recently issued revenue guidance for fiscal 2008 that includes Titan PCB’s expected $30 million contribution to the Company’s stated overall revenue guidance of between $735 million and $747 million for fiscal 2008. In addition, this week Titan issued initial earnings guidance for fiscal year 2008 in the range of $15 million to $17.5 million, or $.24 to $.28 per diluted share.
"As stated previously, after considerable consultation with our strategic investors and professionals, Titan's Board concluded that the aggregate value of Titan's 'PCB parts' were more valuable separately or through a merger with a synergistic company than through its existing structure within Titan Global Holdings," said Bryan Chance, President and Chief Executive Officer of Titan Global Holdings. "This strategic initiative is designed to maximize shareholder value and facilitate the ability of each unit to grow organically and through strategic acquisitions."
Titan's PCB division includes PCB East and PCB West. These companies specialize in the manufacturing of advanced circuit boards and other high-tech products for military and high-tech clients, such as Textron, generating record revenues in 2006. Titan's PCB East holds the highly coveted 31032 manufacturing certification from the U.S. Department of Defense.
Titan PCB grew to $20 million in revenue in fiscal 2006 and $17 million in revenue in its three quarters of fiscal 2007. Titan PCB is poised to continue its organic growth. As an independent public company, or as part of a synergistic electronics company, additionally, Titan PCB could more efficiently execute on ongoing strategic acquisition opportunities in its space. Titan’s strategic investors have identified additional available private companies in the electronic space that would add synergistic scale to this independent public electronics company.
"In our view Titan PCB has contributed little to our current market valuation. This approach is designed to unlock the value of this division for the benefit of Titan’s shareholders," said David Marks, Chairman of Titan Global Holdings. “This strategic plan will enable each company to accelerate their individual synergistic plans for organic and strategic growth."
Have you read the Titan press releases regarding the takeover?
Ya it was me. I got a wild hair up my ass Friday. lol. I'm not able to find any answers though on what Titans plans are regarding the NXNO share structure.
That is the question. Or if they are not approved for a new NASDAQ symbol are they planning on taking over the Nexus share structure and merge the Nexus revenue/assets with Titan EG?
lol.
L2 Anyone?
If my bid doesn't hit before market close....i'll hit the ask.
Funny that TD Ameritrade doesn't show my bids. Buyer/seller beware.
My last buy will be at the bid.
Just a friendly game of poker.
That's what she said.
Let me tell you. This company has been in bussiness for 37 years? They have recillience.