Value Microcaps Motherboard

[deathtotaxes]

UPRO: Technically not sure if this qualifies on VMC yet, but Lentinman will let me know soon.

disclosure: I own a few shares from the original shell company. I don't plan to sell them until a true value appears.

Would appreciate any comments on this as I have no prior experience with Chinese companies. I know that many on this board have done well with them!

http://knobias.10kwizard.com/contents.php?ipage=4371638&repo=tenk&back=1

The above link shows the 8-K filed yesterday. Company is being merged with http://en.sureland.com/newEbiz1/EbizPortalFG/portal/html/index.html , as far as I can tell they do over 25 million USD in revenues and were profitable for year ended in 2005.

Note from the 8-K that the law firm representing them is well known and reputable (Gates ring a bell?). The company has audited financials, I have not seen them.

Part of the deal includes a reverse 1:5 split and a private placement at $3.25 per share.

Almost no public float at the present time. Current insiders appear to be registering and can't sell for 90 days.
The deal is scheduled to close tomorrow!! If it closes I would expect this stock to do well.

current price $.25 - $.45 , post split equiv. $1.25 - $2.25