I don't know if this has been posted before however, I found this info on the businessweek site. The news of this aquisition that I have seen did not include information like purchase price or how many shares of common and preferred were used to make the purchase. Just thought this was interesting information to share on the board. According to this news release we should be expecting a S1 registration statement. Let's hope Management files something soon.
Announced 05/26/11 1.00M for Performance Mortgage Group Inc. Merger/Acquisition Itonis Inc. (OTCPK: ITNS) acquired Performance Mortgage Group for $0.76 million on May 26, 2011. Itonis issued 19 million common shares and 1 million preferred shares. Of the 19 million shares of common stock, 15 million shares will be restricted for 12 months and 4 million shares are subject to that certain registration statement on Form S-1 to be filed with the Securities and Exchange Commission for resale.
ITNS's price was unchanged after the transaction was announced on 05/26/11. Investor / Buyer Itonis Inc.
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