Reverse Merger Monster - Nasdaq listing possible !! ONLY 6,5 mil shares outstanding. So if they find even a medium-sized partnter, this can easily go to 5 bucks (would be a market cap of only 30 million). We have a monster at hand:
Action Products Int'l Seeks Reverse Merger Partner
Press Release Source: Action Products International, Inc. On Monday January 4, 2010, 1:59 pm EST
ALTAMONTE SPRINGS, FL--(Marketwire - 01/04/10) - In accordance with the Company's policy of providing its shareholders with all relevant updates, Action Products Int'l, Inc. (Pinksheets:APII - News) has filed its unaudited financial statement thru November 30, 2009 (www.pinksheets.com). Management has reiterated their commitment to continue to seek and identify a Reverse Merger Partner.
Warren Kaplan, Principal Restructuring Officer, said: "The Company has been in business since 1977 and public since 1985. It is nearly in a position to turn over the reins of the empty 'Public Shell' to the most qualified privately-owned company, who will continue to operate its business activities for the benefit of our stockholders. This is what the APII Shell brings to the table:
Under certain circumstances, the company can be returned to a full NASDAQ listing."
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