bulls make money, pigs get slaughtered...
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SPCI .0022 x .0027
SPSN told ya @ .05
SPSN up 130 % weeeeeeeeeeeeeeee !!!!
SPSN @ .059... looking good !!!
SPSN nice bid support @ .05 .. eom
SPSN @.05 CHEAP !!!!!
Entry into a Material Definitive Agreement
http://biz.yahoo.com/e/090323/tlho.ob8-k.html
On March 23, 2009, Trestle Holdings, Inc. (the "Company"), entered into a share exchange agreement (the "Agreement") with Moqizone Holdings Limited, a Cayman Island corporation ("Moqizone Cayman"), the shareholders of Moqizone Cayman (the "Moqizone Shareholder"), and the principal stockholder of the Company. Pursuant to the Agreement, the Company will acquire all of the issued and outstanding capital stock of Moqizone Cayman in exchange for the issuance of 10,743 shares of series B convertible preferred stock of the Company ("Series B Preferred Stock") to the Moqizone Shareholders. Each share of Series B Preferred Stock has a liquidation preference of $1,000 per share and the 10,743 shares of Series B Preferred Stock will automatically convert into 95% of the fully diluted common stock of the Company (issued as of the closing of the Agreement, prior to the issuance of any other securities), upon consummation of a one-for-203.55 reverse stock split of the Company's common stock (the "Reverse Stock Split").
Of the 10,743 shares of Series B Preferred Stock to be issued to the Moqizone Shareholders, an aggregate of 900 shares shall be held in escrow (the "Escrowed Shares"). All of the Escrowed Shares shall be released to the owners thereof in the event that Moqizone Cayman achieves revenue of at least $19,171,000 ("Target Revenue") for the twelve month period ending March 31, 2010 (the "Measuring Period"). In the event Moqizone Cayman achieves revenue less than the Target Revenue for the Measuring Period, a pro rata portion of the Escrowed Shares will released to certain investors at the rate based upon 0.2347 Escrowed Shares for each $1.00 that actual revenues for the Measuring Period shall be less than the Target Revenue. Escrowed Shares which are not delivered to investors will be returned to the original owners of the Escrowed Shares.
The closing of the transactions contemplated by the Agreement (the "Closing"), is conditioned upon the satisfaction of customary conditions, as well as:
� the delivery of audited financial statement of Moqizone Cayman for the two years ended December 31, 2008;
� the resignation of the Company's current officer and directors and the appointment of officers and directors designated by Moqizone Cayman; and
� the receipt by the Company of at least $4,000,000 from a new financing transaction.
Promptly following the closing of the Company's contemplated financing, the Company will takes actions necessary to (i) effectuate the Reverse Stock Split, (ii) amend its certificate of incorporation to authorize 100,000,000 shares of common stock and 10,000,000 shares of preferred stock (including the shares of Series B Preferred Stock), (iii) provide for indemnification of the officers and directors of the Company and Moqizone Cayman and its subsidiaries, and (iv) change the name of the Company to Moqizone Holding Corporation.
- 2 -
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As a result of the Reverse Stock Split and the conversion of the shares of Series B Preferred Stock, the Company will have an aggregate of 11,446,794 shares of common stock outstanding, prior to the issuance of any shares sold in financing transactions. In addition, in the event the Company's consolidated revenues for the year ending December 31, 2010 shall equal or exceed $21,560,000, the management shareholders of Moqizone Cayman shall be issued warrants to purchase up to 900,000 additional shares of the Company's common stock at an exercise price of $1.80 per share, exercisable for a period of three years. Further, the Company intends to establish a stock incentive plan which authorizes the issuance of up to 1,500,000 additional shares of common stock, as authorized by a compensation committee of the board of directors.
TLHO 8-K merger news !!!
http://biz.yahoo.com/e/090323/tlho.ob8-k.html
On March 23, 2009, Trestle Holdings, Inc. (the "Company"), entered into a share exchange agreement (the "Agreement") with Moqizone Holdings Limited, a Cayman Island corporation ("Moqizone Cayman"), the shareholders of Moqizone Cayman (the "Moqizone Shareholder"), and the principal stockholder of the Company. Pursuant to the Agreement, the Company will acquire all of the issued and outstanding capital stock of Moqizone Cayman in exchange for the issuance of 10,743 shares of series B convertible preferred stock of the Company ("Series B Preferred Stock") to the Moqizone Shareholders. Each share of Series B Preferred Stock has a liquidation preference of $1,000 per share and the 10,743 shares of Series B Preferred Stock will automatically convert into 95% of the fully diluted common stock of the Company (issued as of the closing of the Agreement, prior to the issuance of any other securities), upon consummation of a one-for-203.55 reverse stock split of the Company's common stock (the "Reverse Stock Split").
Of the 10,743 shares of Series B Preferred Stock to be issued to the Moqizone Shareholders, an aggregate of 900 shares shall be held in escrow (the "Escrowed Shares"). All of the Escrowed Shares shall be released to the owners thereof in the event that Moqizone Cayman achieves revenue of at least $19,171,000 ("Target Revenue") for the twelve month period ending March 31, 2010 (the "Measuring Period"). In the event Moqizone Cayman achieves revenue less than the Target Revenue for the Measuring Period, a pro rata portion of the Escrowed Shares will released to certain investors at the rate based upon 0.2347 Escrowed Shares for each $1.00 that actual revenues for the Measuring Period shall be less than the Target Revenue. Escrowed Shares which are not delivered to investors will be returned to the original owners of the Escrowed Shares.
The closing of the transactions contemplated by the Agreement (the "Closing"), is conditioned upon the satisfaction of customary conditions, as well as:
� the delivery of audited financial statement of Moqizone Cayman for the two years ended December 31, 2008;
� the resignation of the Company's current officer and directors and the appointment of officers and directors designated by Moqizone Cayman; and
� the receipt by the Company of at least $4,000,000 from a new financing transaction.
Promptly following the closing of the Company's contemplated financing, the Company will takes actions necessary to (i) effectuate the Reverse Stock Split, (ii) amend its certificate of incorporation to authorize 100,000,000 shares of common stock and 10,000,000 shares of preferred stock (including the shares of Series B Preferred Stock), (iii) provide for indemnification of the officers and directors of the Company and Moqizone Cayman and its subsidiaries, and (iv) change the name of the Company to Moqizone Holding Corporation.
As a result of the Reverse Stock Split and the conversion of the shares of Series B Preferred Stock, the Company will have an aggregate of 11,446,794 shares of common stock outstanding, prior to the issuance of any shares sold in financing transactions. In addition, in the event the Company's consolidated revenues for the year ending December 31, 2010 shall equal or exceed $21,560,000, the management shareholders of Moqizone Cayman shall be issued warrants to purchase up to 900,000 additional shares of the Company's common stock at an exercise price of $1.80 per share, exercisable for a period of three years. Further, the Company intends to establish a stock incentive plan which authorizes the issuance of up to 1,500,000 additional shares of common stock, as authorized by a compensation committee of the board of directors.
SWIR... weeeeeeeeeeeee
What r your thoughts on SWIR ??
Long time no see, looks like ya made some fast money on COIN !
Peace !!
SWIR oversold ?
LiteWave Enters Into Agreement to Acquire Platinum Group Metal (PGM) Mineral Properties
LOS ANGELES, CA--(MARKET WIRE)--Jan 27, 2009 -- LiteWave Corp. (OTC BB:LTWV.OB - News) is pleased to confirm that it has entered into a Letter of Intent to acquire a 50% interest in 8 mineral exploration properties located north and West of the town of Baie-Comeau, Quebec from St-Georges Minerals Inc.
Up again on small volume ...
I have no idea why it's moving up either. O/S is only 80mil with no toxic financing in place.
When she gonna pop ??
This one is due...
Has this bottomed out ?????
I have a shit load of shares @ around a .014
HNAB looking interesting also.
WPTE looking to make a move ....
I'am ALL IN !!!!
peace
JSDA is getting cheap..
on my buy list this week, though i already threw some money in on friday.
peace
JSDA a buy here....
loaded up on Friday @ $2.40.
peace
DSTI nice pop today ....
I dont bookmark because this site sends you junk mail when you do. some people you just cant reach..... LOL
bought more CBON ...
bank on it ... lol
Told you dudes about ALTI
ALTI weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
damn missed EUBK
buy CBON
CBON buy on the dips and sell on the rips ....
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
that i did .....
DSTI and ALTI earnings this week looking for big pullbacks....
peace
ssbx dead cat bounce, other than that, the party is over.
CBON might merge with SSBX ...
thats the rumor ...
ABK wow !!!! nice job dudes !!!! eom
CBON weeeeeeeeeeeeeeeeeeeeeeeeee !!!! eom
no position yet brother man ....
CBON weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
alti i'am watching next week.....
ALTI breaking out ....
damn..................
nice call on sca
cheers
nice...DSTI making a run
ALTI looks interesting but earnings are next week and i know that its going to suck. i want to buy on the earnings dip, but this is starting to make a move higher. thought's ?
a profit is a profit ....
thanks for all the info you provide, it has made me a better trader....
cheers !!!
CBON ceo just bought 30,000 shares
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5798875
10mil o/s
2mil short
50,000 shares sitting @ 4.75 on the bid......
cheers !!!!
ALTI is on my watch list ....
earnings next week, buy on the dip....
cheers
nice call on GRMN ....
nice flag on the website....
cheers...
cbon