OCRI buyout @ $0.14 ? from rb Maybe just a hoax!
OCRI up 86% and going on news - INVESTOR ALERT
Ocean Resources to receive $17,800,000US and issue $0.08 cash dividend
Hot Investor Alert - wallstreetdigest
STRONG BUY: Ocean Resources stock to surge this week following its intention to proceed with the sale of the entire company for $0.14 per share and issue a $0.08 cash dividend on May 31, 2005! Current share price is $0.003
Ocean Resources Inc.
Symbol: OCRI - otcbb
Price $0.003
Shares Float: 48,452,000
Shares Outstanding: 123,544,000
Rating: Strong Buy
7 days trading target: $0.08
30 day trading target: $0.24
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Ocean Resources to receive $17,800,000US and issue $0.08 cash dividend
DALLAS – For Immediate Release
Ocean Resources, Inc. (OTCBB:OCRI) announced that Larsen, Batts, Wellborn & Co intends to purchase Ocean Resources for $17,800,000US ($0.14 per share).
Following the recent sale of Ocean Resources “Ocean Boomer” and related equipment (see release dated: April 29, 2005) management has all intentions to sell the entirety of Ocean Resources assets. Ocean Resource shareholders will receive a cash dividend of $0.08 per share as of record date May 13, 2005. A Cash Dividend will be issued upon complete of the sale, expected to be complete May 31, 2005.
Larsen, Batts, Wellborn & Co has entered a bid for Ocean Resources entire assets for $17,800,000US or ($0.14US per share). Ocean Resources will issue a release once complete
