AU MIN Africa PTY Ltd. (GRYEF)

[bullcents]

Minxx isn't issuing shares...or in your words, "selling shares." Everyone who was in this before, sold last week. Thats how the price dropped.

Also, why would Minxx or the underwriter want to push the pps down?? For what, to make money off this stock? haha That doesn't make any sense.

Most companies recommend that private companies "go public" by Regulation D Exempt. It's less time consuming than waiting for an IPO, less expensive than an IPO, and it ultimately yields more valuation in the stock compared to an IPO.

The Reg D that Jesse Rodriguez filed with the SEC on August 20th, allowed for the sale of securities (i.e. the symbol and stock structure (WRII)) to DR Entertainment. It also made WRII a non-reporting company where they are not required to file forms with the SEC. Since WRII is not a shell company, they are allowed to do so. Unlike ONMC which did not file Reg D---and that would also explain why JR is still CEO of ONMC.

Susnar is probably preparing to acquire other facilities in the Las Vegas area before they become a fully reporting company. Per Susnar's interview on WallSt.net, they plan "to be a fully reporting company by the first or second quarter" of 2008.

I get the feeling most of the people in this board are "investing" for instant gratification, which is probably why people sold last week---they weren't making money. I think its just silly. Everything in this market is a long term investment, even futures.

Actually, if you want a really good reference about R/M's check out Reverse Mergers: Taking A Company Public Without An IPO by David N. Feldman. Hope this helps. =)