InvestorsHub Logo
Followers 57
Posts 2685
Boards Moderated 1
Alias Born 05/11/2009

Re: learning as I go post# 128

Thursday, 03/11/2010 10:54:12 AM

Thursday, March 11, 2010 10:54:12 AM

Post# of 167
It looks like it was basically a hostile takeover. In June they Termination of Registration. In august they demanded the shares 13d and transferred ownership. In October they amended the articles with NV And The Officers.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=8AKom20DutwmB4rQYeRzcg%253d%253d&CorpName=ASTRATA+GROUP+INCORPORATED

With the PR of the emerging from bankruptcy, It still had Tony Harrison as CEO of Astrata. Until there is a letter of cancellation of common stock (which is owned by Fame [All vision groups]) I would say this is still in play.

To read on the preferred shares where locked up in escrow and where to be converted for the take over. The shares are the GUARANTEE if astrata defaults on the loan. Astrata had a $100m in contracts that they need to fill, but were on a cod basis. They took a short term loan and paid there debts off.

I called the number for LA T: +1 310-777-8889 and it is Watley group. They are an M&A firm that holds about a million shares. The other # on pink sheets TX 281-509-9795 is also Watley group. They have a new website www.watley.com/ No office location.

As Feb 10 Astrata is still renting the space:

1801 Century Park East, Suite 1830
Los Angeles, CA 90067

www.lead411.com/company_AstrataGroupIncorporated_Harrison_63271.html
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.