On April 29, 2008, the Company executed a Letter of Intent with Jim Palmer Trucking, Inc. (“JPT”), a larger freight trucking company located in Missoula, Montana, pursuant to which the Company agreed that JPT would become the successor issuer for reporting purposes. In connection with the Letter of Intent, the Company agreed to loan JPT $250,000 which will be forgiven at closing or, in the event the merger fails to consummate, will be repaid together with interest accruing at 8% per annum.
This is the LAST 10QSB we have to see with Actionview as the company. Next quarter's report we will be Jim Palmer Trucking.
TO ALL POSTED BY THIS PERSON...is this true,I want to know.I kept on emialing them NO RESPONSE..????jmo
Posted by: dirtdealer In reply to: None Date:5/15/2008 6:54:06 PM Post #of 3967
READ PLEASE:
I spoke again with Lonnie- (President) at Jim Palmer Trucking. This deal could be huge for shareholders of ActionView.
Acquisition is going to be done with restricted shares. He said Co. revenues in the 30-40 million range. Would not give me to much specifics. Said that things should be PR’d and the deal closed real quick… The stock prices will jump through the roof. How often do you find an OTCBB company with 30+ million in revenues. Acquisition is a cheap way for JPT to go public and mgt there will retain mgt functions etc.. That all for now..
I seriously doubt he would tell you "revenues in the 30-40 million range" and then give me specific figures for both 07 ($72M) and projected 08 ($76M) the very next day during my conversation. I would encourage other folks to call (800-548-3110) and ask about their 07 revenues (this is the only financial information that they make public on an annual basis).