Someone, I believe emulwa, sent me this e-mail about pofg and asked me to post it here on his behalf because he is a free member and out of posts. I'm just passing this along, not responsible for its contents.
I spoke to the Amstar Mortgage International IR Officer (Michael Mayland
: Phone (281) 481-9040) and he confirmed to me that the Premier Organic Farms Group, Inc (POFG) press release was genuine. It is true that they have signed a Definitive Share Exchange Agreement to acquire 100% of the stock of Amstar International, Inc. I could not post it on IHUB because I have limited posts per day and I ran out of my 15 freebee posts. He also said that closing is anticipated within the next thirty days and is subject to the conducting of a Fairness Hearing by a court of law in Nevada.
Before approval, the court or authorized governmental entity must hold a hearing to approve the fairness of the terms and conditions of the transaction. A governmental entity must be expressly authorized by law to hold the hearing, although it is not necessary that the law require the hearing. The fairness hearing must be open to everyone who is proposed to be issued securities in the exchange. Its is just a formal procedure that has to be followed when there I an acquisition, as par the SEC regulation
I am just a curious investor and that’s why I had to rebut all you guys until I had a confirmation from Amstar, which I did this morning Monday, October 30, 2006.
Darth Fedor Emalianenko
