Value Microcaps Zip Code Changers

[Potse]

MSHS(.51)...shell option agreement extended.....

1.19M shares outstanding
600K float
$290+K debt

Accumulated some shares of the MSHS shell during 2013 around the 20-cent area.

On May 16, 2013, The Globe Resources Group, LLC (Gerald O'Shaughnessy) acquired a 12-month option to purchase 38.5M shares of MSHS. With the 8-k filing this morning, that option agreement has been extended an additional 30 days......

On May 15, 2014, Minn Shares, Inc. (the “Company”) and The Globe Resources Group, LLC (the “Purchaser”) entered into a letter agreement (the “Extension Agreement”), pursuant to which the parties agreed to extend the 12 month option period described in that certain Option Agreement, dated May 16, 2013, by and between the Company and the Purchaser (the “Option Agreement”) pursuant to which the Purchaser acquired an option to purchase 38,520,252 shares (approximately 97%) of the Company’s common stock for an additional 30 days. In exchange for the 30 day extension, the Purchaser agreed to pay (i) $15,000 for a current outstanding payable of the Company and (ii) additional legal and administrative expenses associated with the preparation of the Extension Agreement and the filing of this Current Report on Form 8-K with the Securities and Exchange Commission.

O'Shaughnessy is extremely wealthy and has been heavily involved in oil and gas exploration/production. One of the companies he founded (GeoPark) did an IPO on the NYSE earlier this year (NYSE: GPRK). The companies he has connections to include oil/rail transportation, wealth management, computer security products, etc.

One interesting thing I noted in the last quarterly report for MSHS was a mention that the company might sell the option agreement to a third party if Globe Resources decides not to exercise the option. During the last couple/few weeks I have noticed on Gerald O'Shaughnessy's LinkedIn page (and other people associated with Gerald) an usual number of people/profiles connected to Simple Science, LLC. This company is involved in sanitizer products.....

http://www.cleansmarthome.com/

https://www.linkedin.com/pub/gerald-o-shaughnessy/0/2b6/104?trk=pub-pbmap