Replies to post #67 on Lenco Mobile Inc (fka LNCMQ)

[Major_Bankz]

http://www.imimobile.com/press_releases_detail?newsid=134

Archer, which will continue to operate under its existing name, is now a subsidiary of IMImobile. Under the terms of the agreement IMImobile will pay $5.6m in cash. Archer Digital was founded in 2005 and provides a feature-rich suite of m-engagement products to clients across banking, satellite services, mobile operators, retailers and municipalities. The company has enjoyed year on year growth since its inception and employs 50 people in Johannesburg.

[Major_Bankz]

This is a strange deal, They could have just acquired the assets but instead they acquired 100% of the stock. Of course its good for the stock maybe they are planning to enter the US market?

[Major_Bankz]

I think they are planning to keep it as a separate entity, reason for acquiring 100% of the stock.

[Major_Bankz]

Acquiring 100% of stocks means acquiring all the liabilities as well, Why not Acquire the assets only since its in Ch. 11 ?

[Major_Bankz]

Acquired Equity= Good news, Acquired the assets only= bad news . Glad they chose the first option. imo!

[m0n]

$300 on the ASK LCNMQ Thin IMO

[GoGoLi]

It seems mm are working hard to shake people for shares. A brilliant future is on its way!!!

[mrpickem]

Very good points, this one is definitely interesting, might have to wait a little bit but something is definitely up.