From Penstox.de- German website- translation is a little wierd but from what I can decifer, there will be 2 nera term mini-mergers, one with a US software company within the next 14 days, a second with a South American company (industry not released) within the next few months , and then 2 bigger meregers, one with a US oil company with 7 producing wells, and also a Chinese energy company (no details). These are being held up because of financial reporting to SEC required by OTCbb companies. In the process of auditing the books but the project it could take as long as 6 months to get them into shape for merger to occur. I suspect the Chinese company will take lomger than the US company. BUT A TOTAL OF 4 COMPANIES BEING MERGED INTO PTSH Actual release (google translation is odd in a few places): "PTSH - Finally! Merger in 14 days 09/20/2010 07:42 Finally it is done, the shell is filled with life PTSH say a "business" is filled with. As we already from the Mina Mar Friday learned Tips, PTSH has two potential merger candidates. An American oil company and a Chinese energy company. The well-known problem. Both companies do not have figures SEC compliant, but that requires an OTCBB traded company as PTSH for a merger. The rewriting or creating these figures can easily take up to six months. PTSH will not long remain inactive and was and is still looking for merger partners. The Slovenian-based biotechnology company with Educell now 1.5 million € turnover was not considered further for PTSH. We found, however, two other merger partner. One candidate is a U.S. company in the software field.The U.S. company has a number of works that no longer needs to be rewritten. That is: On 23 September is flying back to Canada Mina Mar. It will immediately create the agreement. After the signature once the notice of the merger takes place through the usual channels Newswire. According to yesterday's statement by the Mina Mar leadership, this should not take longer than 14 days. Candidate 2 is a company from South America. Also in Mina Mar will give gas and the second Merger bring merger later this year in the bag, so that by the end of PTSH should have already had two operations."
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