iLinc Communications Inc (fka ILNC) (ILNC)

[repairman1]

i agree

[satelliteguy]

OK, that's probably right. The price will likely be based on book value (and maybe some goodwill) rather than stock price -- I didn't realize that they had equity of .11 per share. I assumed that the stock price prior to the deal being announced was roughly what the company was worth, but you know what happens when you assume....

[satelliteguy]

Usually, but not always. See my last post. "Forward" or "reverse" is determined by which corporate entity survives, not necessarily by one or the other being public (much less a shell). There are other possible reasons for doing a reverse merger, including merging into a subsidiary in order to reincorporate in another state.

[repairman1]

all i know is that somthing is probably coming soon due to volume coming in big towards the end. PR probably coming out soon.

[Mr Wowza]

Main point is ILNC has technology that's need BSFT to improve their service so it is not only about buy out!!!

[satelliteguy]

It's possible to do a reverse merger into a company that is not a shell - I've done 'em. The relevant factor is which company is the surviving corporate entity. When Company A acquires Company B and Company B's corporate structure survives (usually, but not always, because Company B is a public shell and Company A wants to become a public company), that is a reverse merger. When Company A acquires Company B and Company A survives, that is a normal acquisition, which may be described as a merger.

[ALIENZ]

What price range you think we can achieve after buyout

[Mr Wowza]

BSFT has cash over $100m!! buy out price can be even higher imo

[jmurfk]

No telling what the price will be. The share price at the time of merger announcement is irrelevant. Quiet, non-reporter, with a down share price. They were a big board prior to going quiet. Their last Q shows equity of .11 per share and nice revs, so, no telling what the price will be.

[repairman1]

A reverse merger is a shell company and a private company merging into it to become public. Basically, its a loop hole to become a public company.

[ALIENZ]

Does ilnc have to be a shell company first to be considered for a reverse merger

[satelliteguy]

Right. But that's not a reverse merger. In a reverse merger, the acquirer assumes the corporate status of the acquiree. This is a forward merger, actually an acquisition.

Since the price per share was determined when ILNC was trading at .02, expecting that it'll be a dime or higher seems like a stretch.

[Mr Wowza]

The PR says signed a definitive merger agreement to acquire all outstanding shares

[satelliteguy]

Why are you calling it a reverse merger? There's nothing "reverse" about it. BroadSoft will be the surviving company.

[jmurfk]

I agree, lol.

[Mr Wowza]

Looks like some already know

[jmurfk]

We need to find the buy out price.

[Mr Wowza]

this will hit scans tonight and people will find out about buy out from $800m company, really think at least 0.50 is reasonable price target

[ALIENZ]

Great day for Bsft and ilnc today something good coming imo

[Mr Wowza]

Over 0.10 close will be great guys

[exisnet]

Added small here also...
15:31:18 Order Executed. Bought 4,000 shares of ILNC at $0.1095

GO ILNC

[bonedaddy77]

I think/hope so!

[seabreezing]

could we be in for something special here????????????????

[ALIENZ]

Let's finish strong get your cheapies why you can others must know something this going higher imo

[jmurfk]

I would say so, 110K share buy at .10.

[Mr Wowza]

Many big hits round 0.10

[ALIENZ]

Someone must have received their packets today got a feeling they like what they saw

[exisnet]

Yes, I like it... thanks solid play here...

Go ILNC

[bonedaddy77]

Nice! This is the place to be imo

[Mr Wowza]

0.15 finish hehe

[exisnet]

One of my other holding sold, picked up some of those 85's...

GO ILNC

[bonedaddy77]

This could end up being a monster!

[ALIENZ]

Power hour coming hit the ask

[ALIENZ]

Here we go boyzzzz

[Mr Wowza]

Yep, 0.10 break will set up nicely

[jmurfk]

.09s hit.

[bonedaddy77]

Can find old filings here
http://www.otcmarkets.com/stock/ILNC/financials

[Aragorn1]

Where can I find it ??

[ALIENZ]

Bsft up 10 % today weeeeeeeeee let's go ilnc

[Mr Wowza]

it is in pink sheet

[Aragorn1]

Does anyone here has a link to ILNC's last q report? Thanks in advance

[Mr Wowza]

This might go a lot higher then we all think just my view after seeing BSFT how strong it is

[Mr Wowza]

Yep, there was not any sell under 0.07 last 2 days, really looking good imho

[exisnet]

ILNC looking good...

[bonedaddy77]

Looks like it'll be harder to buy in bulk now

[jmurfk]

Only 30K showing from here to .115.

[Mr Wowza]

Should be thin now

[jmurfk]

100K buy at .075, nice.

[bonedaddy77]

150k just got scooped up from .075-.08 by somebody

[Mr Wowza]

Yep, looks like words out already