Moneymachine

[10bags]

TBJK

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7204306


GENERAL

The Board approved a resolution to effectuate a 540.61745923707:1 reverse stock split. Under this reverse stock split each 540.61745923707 shares of our Common Stock will be automatically converted into 1 share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of fractional shares. The effective date of the reverse stock split will be November 16, 2010.

PLEASE NOTE THAT THE REVERSE STOCK SPLIT WILL NOT CHANGE YOUR PROPORTIONATE EQUITY INTERESTS IN THE COMPANY, EXCEPT AS MAY RESULT FROM THE ISSUANCE OR CANCELLATION OF SHARES PURSUANT TO THE FRACTIONAL SHARES.




I like discovering unknown companies with "lotto" potential. I often take a "wade into the water" approach rather than a leap off the high board and it has worked well for me.
Another one - TBJK @.0039 on vol. of 269,950 52 wk range .003-30

Timberjack Sporting Supplies, Inc. Completes Merger With Chine Victory Profit Limited and $5.34 Million Private Placement

LINYI CITY, China, Oct. 1, 2010 (GLOBE NEWSWIRE) -- Timberjack Sporting Supplies, Inc. (the "Company") (OTCBB:TBJK - News) completed an acquisition of Chine Victory Profit Limited ("Chine Victory"), a Company engaged in the production of radiata pine plywood and eucalyptus plywood products, by means of a share exchange, effective September 30, 2010 (the "Share Exchange"). As a result of the Share Exchange, Chine Victory became a wholly-owned subsidiary of TBJK.

Chine Victory, operating through its affiliated entities: Simply Good Limited, Moody International Limited, Linyi Guangsha Wood Industry Co. Ltd., and together with Linyi Chan Tseng Wood Co., Ltd., is engaged in the production of industrial quality radiata pine plywood and eucalyptus plywood products. The Company is also a large producer of veneer, which can be described as thin layers of superior wood glued to a base of inferior wood. The products are produced from pine and eucalyptus woods.

On September 30, 2010, the Company completed a US$5,344,975 private placement of its securities to accredited investors at $4.00 per Unit, with each "Unit" consisting of one share of Series A Convertible Preferred Stock, and a five year warrant exercisable for 0.5 shares of common stock with an exercise price of $4.80 per share. Newbridge Securities Corporation acted as the lead placement agent and adviser to Chine Victory. The private placement was completed in connection with the Share Exchange. The Company plans to use the net proceeds for the expansion of its warehousing and logistics facilities, processing equipment, and working capital.

In connection with the Share Exchange and private placement, the majority shareholders and directors of TBJK have approved a reverse stock split of approximately 540 to 1.

On September 30, 2010, the Board appointed Parker Randall as the Company's new independent registered public accounting firm. The decision to engage Parker Randall was approved by the Company's Board of Directors on September 30, 2010.

http://finance.yahoo.com/q?s=TBJK.PK