Replies to post #35275 on eMax Holdings, Inc. (fka EMXC)

[prof]

$EMXC gets some
nice coverage from The Penny Bin here...

ThePennyBin



OCTOBER 16, 2011

HOT WATCH LIST EMXC & MPIX
So much is underway on both EMXC & MPIX. It is being said things are going to heat up very soon and you will not want to miss ither of these plays. Once the buyback begins on EMXC things are going to get very fun. If you are on the fence now may be the time you have been waiting for.
MPIX closed up 30% on Friday with very low volume. The float is very small and tight on this one.
EMXC
eMax Worldwide, Inc. formerly known as eMax Holdings Corp (Pink: EMXC) www.emaxworldwide.com announces the execution of loan documents in the amount of $50,000,000.00 (Fifty Million Dollars) with Inter Global Investments, LLC. In addition, EMXC has received bank confirmation from Inter Global Investments, LLC.'s shared credit facility. eMax Worldwide has received confirmation from their Lender's Bank of a shared credit facility in the amount of $50,000,000.00 (Fifty Million Dollars).
Read more at thepennybin.com

MPIX
Mindpix Corp. (Pink: MPIX) has signed an agreement to exchange 300,000,000 144 restricted common stock shares for a 80% stake in Unitell Worldwide Communications, LLC. The exchange agreement states that Unitell will receive 300,000,000 shares of common stock with a stated value of $.10/share or a value equal to $30,000,000. Unitell will exchange a 80% capital stock ownership in their company for the MPIX shares. Mindpix will work with their SEC counsel to prepare the necessary Securities filings that will allow Unitell to be immediately spun off as its own fully reported publicly traded company, upon the completion of Unitell audits. Mindpix Corp. will form a new subsidiary for the closing of the acquisition of 80% of Unitell Worldwide Communications, LLC.
Read more at thepennybin.com

[unconvinced]

Hello Joe, I did a little of my own due diligence on MYRG and I agree it appears to be a fine company with a long history of successful projects. It would be a great thing for Emax if they had a business relationship with them.

Unfortunately, EMXC has never worked with MYRG...at least not the one you refer to.

The business partner EMXC mentioned in that PR was a company called Military Resale Group Inc. which supposedly was in the business of distributing grocery and household items to military commissaries. Their stock ticker was MYRG at the time of that PR in 2006.
http://www.marketwire.com/press-release/emax-ventures-inc-announces-new-office-in-canada-676598.htmhttp://finance.yahoo.com/q?s=myrg&ql=1

The following Reuters link shows that in April 2008, Military Resale Group Inc. changed their stock ticker from MYRG to MYRL.
http://www.reuters.com/article/2008/04/04/idUS161299+04-Apr-2008+MW20080404

The stock ticker MYRG was then reissued in August 2008 to a completely different and unaffiliated company called the MYR Group, which is a successful electrical contracting company.
http://investor.myrgroup.com/releasedetail.cfm?ReleaseID=327765

So...what happened to Military Resale Group Inc. (MYRL) which is the company EMXC was supposedly working with? In early 2010 Finra halted trading and the SEC revoked the registration of their securities. Those shares are currently worthless.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1247880

Once again, my research shows another affiliation with a suspect penny stock company. In the future, please try to be accurate with the information in your posts. I can understand the mixup between two companies with the same stock ticker at different times, but a little more research would have easily shown the true relationship between those companies. Any thoughts?

-unconvinced