You've yet to show me facts...
I don't take any emails as facts. The emails I've sent to both Tim and Kevin Keating have told me nothing. i even posted a picture of my email, not just some copy and paste. Are you saying they're disclosing information to some and not others? Hmmm
Here's the 8k
Under the transactions contemplated under the Letter of Intent, the Company will acquire all of the outstanding membership interests in Antik from Antik's existing members ("Antik Members"). In the exchange, the Company will issue shares of its common stock to Antik Members in such amount so that, immediately after giving effect to the acquisition, the Antik Members will own in the aggregate 95.8% of the Company's issued and outstanding shares of common stock on a fully diluted basis. At the close of the transaction, it is contemplated that a new board of directors will be designated by the Antik Members and that the board will include one member to be designated by Keating
Reverse Merger Fund, LLC, the Company's current principal shareholder. After the payment of certain transaction related fees (including the issuance of the Company's common stock to certain finders and advisors), the current stockholders of the Company are expected to own approximately 3.8% of the issued and outstanding common stock after completion of the transaction with Antik.
The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the delivery of financial statements of Antik prepared in accordance with generally accepted accounting principles in the United States of America, and the approval by the Company's board and stockholders of the acquisition, a corporate name change, an increase in the Company's authorized common stock and a reverse stock split to be mutually determined. Subject to the satisfaction of the above conditions and other customary conditions, the acquisition is presently expected to close in the second quarter of 2005. However, there can be no assurances that the acquisition will be completed.
Ok, so we know:
-the Antik Members will own in the aggregate 95.8% of the Company's issued and outstanding shares of common stock on a fully diluted basis
-contemplated that a new board of directors will be designated by the Antik Members
-the current stockholders of the Company are expected to own approximately 3.8% of the issued and outstanding common stock after completion of the transaction with Antik.
-The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement.........and the approval by the Company's board and stockholders of the acquisition
-a corporate name change, an increase in the Company's authorized common stock and a reverse stock split to be mutually determined.
Where are the facts in the 8k that clearly states there will be "severe" dilution? Everything you're saying up to this point is purely speculation. Raising authorized and reverse split are to be mutually determined. I don't see a filing raising the authorized shares from its current 45million. I don't see any s8 filings either indicating shares are being dumped.
too bad you were late to the party and had to "scounge up some money" for .40 shares, i'm sitting comfortably with a boatload of free .11 cent shares and today added .35 shares and will continue to add.
"Posted by: goosemeister
In reply to: None Date:3/31/2005 3:17:20 PM
Post #16 of 81
after seeing a 100% gain one day, 175% gain the next, and so far 40% today, it is nice not seeing a bunch of people run away with already realized profits. unfortunately for me, though, i was able to scrounge up some money today and not yesterday or the day before. there is just a little bit of difference between getting in at ten cents instead of forty. ;o) "
if you're out of the stock, as you stated earlier, then why stick around on a message board in which you have no interest of?
