stock-rancher,
I don't know anything about the new company, but here is a post of mine from November. Just a little history.
Posted by: sweetpepperjam
In reply to: None Date:10/17/2005 11:58:18 AM
Post #of 1904
ZNNO/HSTT recent 13-1 forward split. Now .82 x .83... This post is taken off of the shellstockreview forum page. I'm just posting it to show that some of these splits can do extremely well.
Editor
Registered User Join Date: Dec 1969
Posts: 55
ZNNO - Zeno, Inc.
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Recently announced reverse merger and forward stock split. A single market maker put up shares for sale at $1. I was able to get 3,600 shares at $1. It traded 11,099 shares today at $1, then the bid/ask went to $1.01 x $13.
Per SEC 8K filing:
Item 1.01 Entry into a Material Definitive Agreement
By an agreement dated August 31, 2005, we agreed to acquire the principal assets of IP-Colo, Inc., a private Colorado-based company that provides carrier co-location, Internet protocol/virtual private network/wide area network services, voice over IP, managed hosting services, network services and Internet connectivity. We have agreed to issue 1,612,500 shares of our post-split restricted common stock in consideration of the acquisition.
The agreement provides that prior to closing, we will split our common stock such that each currently issued share of common stock will be exchanged for 13 post-split shares. As well, we have agreed to change our name to HS3 Technologies, Inc. and create authorized capital of 10,000,000 shares of preferred stock in order to give us flexibility in future financings. We will also appoint two of IP-Colo, Inc.'s principals as directors of the Company at closing.
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