Friday's Tips 11/5- NWTT Merger Candidate: Canada-based Paint.
Nov. 2: NW Tech Capital Inc. (NWTT) is considering a merger with a Canada-based paint and decorating company. The merger candidate produces paint made using an exclusive, patent-protected technology. The paint is environmentally friendly and is nearly identical to existing brand names in terms of color and consistency, but it is produced at a significant discount. The merger candidate has exclusive rights to distribute this paint technology in Canada, and is waiting for final approval from its US parent company to begin production and distribution. The merger candidate is a start-up company spun out from a previous enterprise that saw its revenue jump from $900,000 to $2.1 million USD, thanks in part to the popularity of this innovative technology.
MMG COMMENTARY:
NWTT continues discussion with the paint company. There is really nothing more to add other than what was released in several press releases. This is a viable company, a serious company, that is a targeted merger candidate. They wish and require all approvals and logistics to be completed prior to any formal announcements. Although NWTT shareholders may be impatient and wish to have the news immediately released, targeted merger candidates are advised by their lawyers and are proceeding cautiously, and rightfully so. All indications point to NWTT having a secondary merger completed shortly.
NWTT Q&A
Q: What information is known about the possible merger with this paint company?
A: A lot is known. There are constant talks and discussions that are ongoing. The market will be advised when the deal is completed. This company has made it clear they are looking for a merger.
Q: Concerns about the share value.
A: Pink Sheets are highly speculative investments. We can't say that any louder and clear.
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