D Mecatronics Inc. (Pink Sheets: DMTN) received an offer to be acquired on October 3, 2007 for $89.44 million. D Mecatronics Inc. was offered $0.49 per share in cash for all of its outstanding shares. The deal is subject to completion of due diligence process by both the parties.The Board of Directors of D Mecatronics Inc. has unanimously accepted the proposed buyout on October 17, 2007. The Board recommended that shareholders accept this offer. A shareholders' meeting ...
i got this from businessweek.com....how come it is 89.44 million and not the $120 million reported in finance.yahoo.com???
miagi...the 46% i stated was posted by blue_chips...he has been in contact with the company since he lives in canada. he hasnt posted here in a couple days..maybe we can get some clarification on tht one.
this is dedicated to the CEOs of crappy penny stock scams
Dishonesty
Proverb 20:17 "What you get by dishonesty you may enjoy like the finest food, but sooner or later it will be like a mouthful of sand"