MWEX--addl info: I just noticed that per a 14a dated 10/22, they requested shareholder approval for a RS up to 50 to 1 but that was prior to the initiation of the change in control. Not sure how that is going to factor in with the change and new ownership.
The reason I became interested in this is that same officer that orchestrated the recent HOOC RM has been brought on board for MWEX as well--Redgie Green. If you look at the 14f's from both company, you'll see that he was brought on board just prior to the RM announcement.
From the HOOC 14f:
"This Information Statement is being mailed on or about November 30, 2004 to the holders of record of the Common Stock, of Houston Operation Co., a Delaware corporation (the "Company") on or about December 2, 2004. This Information Statement is being furnished in contemplation of a change in a majority of the members of the Company's Board of Directors as a result of a change in control of the Company. The Company has purchased 7,030,000 shares of the Company's Common Stock in consideration for $375,000, pursuant to a Share Purchase Agreement dated October 15, 2004 and entered into between the Company, Littlehampton Investments LLC, and Speed Action Limited ("Agreement").
Pursuant to the purchase transaction, the Company will to have a total of approximately 7,030,000 shares of its Common Stock outstanding, of which all will be deemed to be beneficially owned by Michael Millon, the Managing Member. The balance will be in the public float or owned by the other prior shareholders of the Company, or by other unaffiliated parties. Chin Sin Low has resigned as President and Director of the Company and Florence Mei Fong Chang resigned as Secretary of the Company on November 15, 2004, effective subject to this mailing of Notice pursuant to Section 14f. The remaining members of the Board of Directors of the Company before the closing of the subscription under the Agreement (the "Resigning Directors") are being replaced by new members of the Board of Directors of the Company, namely Wesley F. Whiting and Redgie Green (collectively the "New Directors"). Wes Whiting has also been appointed President and Redgie Green has also been appointed Secretary. "
From the MWEX 14f
"The following sets forth the names and ages of the current Directors, nominees for directors and executive officers of the Company, the principal positions with the Company held by such persons and the date such persons became a Director or executive officer. The Directors serve one year terms or until their successors are elected. The Company has not had standing audit, nominating or compensation committees of the Board of Directors or committees performing similar functions. All such applicable functions have been by the Board of Directors as a whole. During the fiscal year ended December 31, 2003, the Board of Directors held no formal meeting. There are no family relationships among any of the Directors, nominees or executive officers.
Denis R. Iler, age 65, President and Director, received a BA in Math from San Jose State University in California, and an MBA from Regis University in 1982. He was a comptroller with Berge Exploration from 1978 to 1984. Since 1984, he has been President and principal accountant for Business Financial Systems, Inc., an independent accounting firm, providing tax and accounting services for the small business community, including oil and gas, construction, and real estate brokerage accounting. He was a director of NELX, Inc. from 1999-2001. He was elected Director and appointed President of Jagged Edge Mountain Gear, Inc. in 2004. He was President and Director of Cheyenne Resources, Inc. from January to August, 2004.
Redgie Green, age 51, Director Nominee, has been Secretary and Director of Dynadapt Systems, Inc. since 1998. Mr. Green has been co-owner and operator of Green's B&R Enterprises, a wholesale donut baker since 1983. He has been an active investor in small capital and high-tech adventures since 1987. Mr. Green was a director of Colorado Gold & Silver, Inc. in 2000.
I'm just hoping that this deal is 1/2 as good as the outcome of the HOOC RM:
The reason I became interested in this is that same officer that orchestrated the recent HOOC RM has been brought on board for MWEX as well--Redgie Green. If you look at the 14f's from both company, you'll see that he was brought on board just prior to the RM announcement.
From the HOOC 14f:
"This Information Statement is being mailed on or about November 30, 2004 to the holders of record of the Common Stock, of Houston Operation Co., a Delaware corporation (the "Company") on or about December 2, 2004. This Information Statement is being furnished in contemplation of a change in a majority of the members of the Company's Board of Directors as a result of a change in control of the Company. The Company has purchased 7,030,000 shares of the Company's Common Stock in consideration for $375,000, pursuant to a Share Purchase Agreement dated October 15, 2004 and entered into between the Company, Littlehampton Investments LLC, and Speed Action Limited ("Agreement").
Pursuant to the purchase transaction, the Company will to have a total of approximately 7,030,000 shares of its Common Stock outstanding, of which all will be deemed to be beneficially owned by Michael Millon, the Managing Member. The balance will be in the public float or owned by the other prior shareholders of the Company, or by other unaffiliated parties. Chin Sin Low has resigned as President and Director of the Company and Florence Mei Fong Chang resigned as Secretary of the Company on November 15, 2004, effective subject to this mailing of Notice pursuant to Section 14f. The remaining members of the Board of Directors of the Company before the closing of the subscription under the Agreement (the "Resigning Directors") are being replaced by new members of the Board of Directors of the Company, namely Wesley F. Whiting and Redgie Green (collectively the "New Directors"). Wes Whiting has also been appointed President and Redgie Green has also been appointed Secretary. "
From the MWEX 14f
"The following sets forth the names and ages of the current Directors, nominees for directors and executive officers of the Company, the principal positions with the Company held by such persons and the date such persons became a Director or executive officer. The Directors serve one year terms or until their successors are elected. The Company has not had standing audit, nominating or compensation committees of the Board of Directors or committees performing similar functions. All such applicable functions have been by the Board of Directors as a whole. During the fiscal year ended December 31, 2003, the Board of Directors held no formal meeting. There are no family relationships among any of the Directors, nominees or executive officers.
Denis R. Iler, age 65, President and Director, received a BA in Math from San Jose State University in California, and an MBA from Regis University in 1982. He was a comptroller with Berge Exploration from 1978 to 1984. Since 1984, he has been President and principal accountant for Business Financial Systems, Inc., an independent accounting firm, providing tax and accounting services for the small business community, including oil and gas, construction, and real estate brokerage accounting. He was a director of NELX, Inc. from 1999-2001. He was elected Director and appointed President of Jagged Edge Mountain Gear, Inc. in 2004. He was President and Director of Cheyenne Resources, Inc. from January to August, 2004.
Redgie Green, age 51, Director Nominee, has been Secretary and Director of Dynadapt Systems, Inc. since 1998. Mr. Green has been co-owner and operator of Green's B&R Enterprises, a wholesale donut baker since 1983. He has been an active investor in small capital and high-tech adventures since 1987. Mr. Green was a director of Colorado Gold & Silver, Inc. in 2000.
I'm just hoping that this deal is 1/2 as good as the outcome of the HOOC RM:
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