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Saturday, May 12, 2007 12:53:43 AM
***They are telling you they fully expect to proceed with their plans to merge by the end of second quarter. The fact that their SEC attornies allowed them to use the language "fully expect to" tells me the merger is a done deal.
From ADBN's 10KSB filed 4/17
The company is continuing its efforts to locate a merger candidate for the purpose of a merger. It is possible that the registrant will be successful in locating such a merger candidate and negotiating such a merger. However, if the company can not effect a non cash transaction, the registrant may have to raise funds through an offering of it's securities. There is no assurance that the company will be able to raise such funds.
We will attempt to locate and negotiate with a business entity for the combination of that target company with us. The combination will commonly take the form of a merger, stock for stock exchange or stock for assets exchange. No assurances can be given that we will be successful in locating or negotiating with any such target company.
A business combination with a target company will normally involve the transfer to the target company of the majority of our issued and outstanding common stock and the substitution by the target company of its own management and board of directors.
No assurances can be given that we will be able to enter into a business combination, or the terms of the business combination, or as the nature of the target company.
We are determined to take advantage of the prospects for this re-organization. We will continue to maintain Americana as a fully reporting company and fully expect to proceed with our plans in the second quarter of this year.
2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575
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