Posted by: stock_observer_77
In reply to: None Date:5/2/2007 4:02:59 PM
Post #of 228
From RB board - FWIW
UPDATE** I just got off the phone with the secondary owner of SCYA, the co-founder with Mark Gerstle, who CONFIRMED that a Reverse Merger IS taking place and the papers are "planned to be signed and filed by the end of the week." He went on to state that the preliminary negotiations at the time of resuming the company in late March '07 and that negotiations have successfully been completed.
He was able to state that it is a Wireless Communications company who is reverse merging with Security Asset Capital and told me to contact him in a day or two.
From what he said, the present CEO, Gerstle, was NOT the main individual in the negotiations process but was experienced in the R/M field which is why he was given the lead role to insure everything was in order. He did confirm though that a PR is "planned to be issued prior to the symbol change which has already whose paperwork has already been submitted" and that the PR will explain everything that has taken place and the roadmap going forth.
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