Pender International - 3400% Upside Potential? - 500 Beiträge pro Seite
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Meistdiskutierte Wertpapiere
Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
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1. | 1. | 18.500,48 | -0,12 | 106 | |||
2. | 2. | 0,1795 | -84,04 | 80 | |||
3. | 4. | 2.231,78 | +1,79 | 51 | |||
4. | 17. | 2,6200 | -14,94 | 48 | |||
5. | 9. | 0,2105 | -3,22 | 47 | |||
6. | 3. | 20,740 | -6,15 | 34 | |||
7. | 7. | 0,9470 | +13,55 | 33 | |||
8. | 19. | 0,1030 | -3,74 | 28 |
Evtl. lauert hier die nächste GTEL oder MOBL... Ich hatte vor einigen Wochen berichtet das ich an einer neuen Wachstumsstorry dran bin.
Die untenstehenden News sind zwar einige Wochen alt aber dem Analystenurteil, Michael P. Zuk zufolge hätte die Aktie erheblich Aufwärtspotential. Ich habe den Research aufgenommen um zu prüfen was an der Analyse dran ist (Pump and Dump?). Der Kurs hat sich seit Empfehlung seitwärts entwickelt. Ich hoffe, daß ich bis Ende der Woche meine Nachforschungen abgeschlossen habe und zu einer ähnlichen Überzeugung komme. Dies ist allerdings noch keine KAUFEMPFEHLUNG!
Pender International Inc., located in Markham, operates as a merchant bank for small to medium-sized undervalued companies that require capital for growth or financial restructuring. In addition Pender provides experienced, highly qualified senior management in support of existing management of investee companies. Investment instruments include subordinate debt with warrants or conversion privileges and equity securities. Pender will invest in management and leveraged buy-outs, recapitalizations and financial restructurings, mezzanine financings and the purchase of real estate portfolios. To date, Pender has completed, or committed capital to concerns engaged in real estate and resort ownership and development, and gold mining located in Canada and Mexico. Pender`s investment strategy is driven by the quality of underlying asset values, realizable upside potential, the potential to add substantial value and the timing of value realization, and is not limited by industry or geography. Additional information about the Company is available at www.penderinternationalinc.com.
Security Analyst, Michael P. Zuk Issues Buy Recommendation for Pender International, Inc.
Monday April 18, 10:30 am ET
MARKHAM, Ontario--(BUSINESS WIRE)--April 18, 2005--Pender International Inc. ("Pender") (OTCBB:PNDR - News) is pleased to announce today that Security Analyst, Michael P. Zuk, has issued a "Buy" recommendation for Pender.
The highlights of the report are as follows:
Basis of Recommendation:
This BUY recommendation is based on the following extremely positive factors:
1. New Management and Directors: All of the previous senior management
and directors have recently been replaced by well respected,
disciplined individuals with extensive experience in real estate,
construction, financial management, engineering and manufacturing,
both in North America and internationally. The new management has
implemented a highly disciplined business strategy, and a rigorous
due diligence process, when combined with a broad international
contact network will provide a quality deal flow and access to
capital. Most importantly, the management and directors have their
money and reputations for success on the table which will cause
them to be focused on creating shareholder value.
2. Access to Substantial Capital: Pender has executed an agreement
with a syndicate of investors institutional (80%) and private
investors (20%) to provide a $250 million equity line of credit.
The funds availability will enable Pender to efficiently maximize
the values of its existing project commitments as well as acquire
additional projects or investments. The line of credit is
available to Pender as required. This $250 million equity
investment will allow the Company to lever its balance sheet by a
minimum of at least another $750 million if it chooses.
3. Substantial upside share price leverage potential: The amounts
drawn under the $250 million equity line of credit are convertible
into common shares at a price of not less than $4 per share. When
fully drawn and converted, Pender will have an implied market
valuation of $480 million versus the Company`s current market
valuation of $13.8 million. A potential for a 34-fold increase in
the share price. It should be noted that the share price paid by
the Syndicate for the equity line of credit represents the upper
end of our price target range and represents significant
confidence in management to deliver and create shareholder value.
4. Disciplined Approach: All three Pender projects are under-valued,
have substantial upside potential, represent significant
opportunities for adding value as a result of Pender`s skill sets
and Pender`s ability to provide needed capital. Furthermore, the
projects can be developed in stages to minimize financial risk.
5. Clear, well-defined objectives: The ultimate goal of management is
to identify value, unlock the existing undeveloped value and to
add value through the application of Pender`s particular skill
sets and ability to provide the necessary funding to realize the
values inherent in the particular project or investment.
6. Debt free balance sheet: Pender has a debt free balance sheet,
which allows management to pursue the course of development that
maximizes shareholder value.
A complete version of this research report can be found in .pdf format on our website at: www.penderinternationalinc.com/zukreport.pdf
Die untenstehenden News sind zwar einige Wochen alt aber dem Analystenurteil, Michael P. Zuk zufolge hätte die Aktie erheblich Aufwärtspotential. Ich habe den Research aufgenommen um zu prüfen was an der Analyse dran ist (Pump and Dump?). Der Kurs hat sich seit Empfehlung seitwärts entwickelt. Ich hoffe, daß ich bis Ende der Woche meine Nachforschungen abgeschlossen habe und zu einer ähnlichen Überzeugung komme. Dies ist allerdings noch keine KAUFEMPFEHLUNG!
Pender International Inc., located in Markham, operates as a merchant bank for small to medium-sized undervalued companies that require capital for growth or financial restructuring. In addition Pender provides experienced, highly qualified senior management in support of existing management of investee companies. Investment instruments include subordinate debt with warrants or conversion privileges and equity securities. Pender will invest in management and leveraged buy-outs, recapitalizations and financial restructurings, mezzanine financings and the purchase of real estate portfolios. To date, Pender has completed, or committed capital to concerns engaged in real estate and resort ownership and development, and gold mining located in Canada and Mexico. Pender`s investment strategy is driven by the quality of underlying asset values, realizable upside potential, the potential to add substantial value and the timing of value realization, and is not limited by industry or geography. Additional information about the Company is available at www.penderinternationalinc.com.
Security Analyst, Michael P. Zuk Issues Buy Recommendation for Pender International, Inc.
Monday April 18, 10:30 am ET
MARKHAM, Ontario--(BUSINESS WIRE)--April 18, 2005--Pender International Inc. ("Pender") (OTCBB:PNDR - News) is pleased to announce today that Security Analyst, Michael P. Zuk, has issued a "Buy" recommendation for Pender.
The highlights of the report are as follows:
Basis of Recommendation:
This BUY recommendation is based on the following extremely positive factors:
1. New Management and Directors: All of the previous senior management
and directors have recently been replaced by well respected,
disciplined individuals with extensive experience in real estate,
construction, financial management, engineering and manufacturing,
both in North America and internationally. The new management has
implemented a highly disciplined business strategy, and a rigorous
due diligence process, when combined with a broad international
contact network will provide a quality deal flow and access to
capital. Most importantly, the management and directors have their
money and reputations for success on the table which will cause
them to be focused on creating shareholder value.
2. Access to Substantial Capital: Pender has executed an agreement
with a syndicate of investors institutional (80%) and private
investors (20%) to provide a $250 million equity line of credit.
The funds availability will enable Pender to efficiently maximize
the values of its existing project commitments as well as acquire
additional projects or investments. The line of credit is
available to Pender as required. This $250 million equity
investment will allow the Company to lever its balance sheet by a
minimum of at least another $750 million if it chooses.
3. Substantial upside share price leverage potential: The amounts
drawn under the $250 million equity line of credit are convertible
into common shares at a price of not less than $4 per share. When
fully drawn and converted, Pender will have an implied market
valuation of $480 million versus the Company`s current market
valuation of $13.8 million. A potential for a 34-fold increase in
the share price. It should be noted that the share price paid by
the Syndicate for the equity line of credit represents the upper
end of our price target range and represents significant
confidence in management to deliver and create shareholder value.
4. Disciplined Approach: All three Pender projects are under-valued,
have substantial upside potential, represent significant
opportunities for adding value as a result of Pender`s skill sets
and Pender`s ability to provide needed capital. Furthermore, the
projects can be developed in stages to minimize financial risk.
5. Clear, well-defined objectives: The ultimate goal of management is
to identify value, unlock the existing undeveloped value and to
add value through the application of Pender`s particular skill
sets and ability to provide the necessary funding to realize the
values inherent in the particular project or investment.
6. Debt free balance sheet: Pender has a debt free balance sheet,
which allows management to pursue the course of development that
maximizes shareholder value.
A complete version of this research report can be found in .pdf format on our website at: www.penderinternationalinc.com/zukreport.pdf
Hier die letzten bullishen News...
Wenn die Verhandlungen ein positives Ergebnis zur Folge haben, dann könnte dies einen schnellen Verdoppler bedeuten.
Pender International Enters Into Negotiations to Purchase Additional Property Near Niagara Falls, Ontario
Thursday April 21, 6:30 am ET
MARKHAM, Ontario--(BUSINESS WIRE)--April 21, 2005--Pender International Inc. ("Pender" or the "Company") (OTCBB:PNDR - News) announces that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel. The additional property includes an 18-hole, professional golf course designed by Reese Jones. Approvals are also in place for 350 condominium units as well as a 350-suite hotel facing the Wetland River. Since Pender has entered into a confidentiality agreement with regards to the purchase of this property, further details will be released as permitted.
The Company believes that this property has significant upside and the potential for the Company to add significant value. Company Chairman Kalson G.H. Jang believes that the acquisition of this property fits well with the Company`s strategy of investing in undervalued assets with significant upside potential. In addition, Pender`s real estate development and financial expertise will add significant value to this project.
Wenn die Verhandlungen ein positives Ergebnis zur Folge haben, dann könnte dies einen schnellen Verdoppler bedeuten.
Pender International Enters Into Negotiations to Purchase Additional Property Near Niagara Falls, Ontario
Thursday April 21, 6:30 am ET
MARKHAM, Ontario--(BUSINESS WIRE)--April 21, 2005--Pender International Inc. ("Pender" or the "Company") (OTCBB:PNDR - News) announces that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel. The additional property includes an 18-hole, professional golf course designed by Reese Jones. Approvals are also in place for 350 condominium units as well as a 350-suite hotel facing the Wetland River. Since Pender has entered into a confidentiality agreement with regards to the purchase of this property, further details will be released as permitted.
The Company believes that this property has significant upside and the potential for the Company to add significant value. Company Chairman Kalson G.H. Jang believes that the acquisition of this property fits well with the Company`s strategy of investing in undervalued assets with significant upside potential. In addition, Pender`s real estate development and financial expertise will add significant value to this project.
hat da nicht der tobin die finger im spiel
Oski, höre ich zum Ersten Mal...? Mich würde es jedoch nicht verwundern...., wenn an der Storry tatsächlich was dran ist.
was soll das heissen bitte?
Oski, wo hast Du das her mit Tobin Smith (ChangeWave.com)?
Weisst Du was genaueres oder hast Du eine Quellenangabe?
Weisst Du was genaueres oder hast Du eine Quellenangabe?
spekulativ habe ich mir eine position zu 0.095USD gesichert....
komisch , bei mir nur ausserbörslich kaufbar ???
Geht aber mächtig runter
Rebound?
Rebound?
Wo bekomme ich RT KurseBei Quote.com nur mit Verzögerung heute
Ist schon seit gestern so,verdammte Schei......ist das.
Gib einfach ein Limit ein,habe vorhin ein paar K abgefischt.
Gib einfach ein Limit ein,habe vorhin ein paar K abgefischt.
@Iseki
Hast du bei quote.com bereits gemeckert? Ich bekomme auch keine RT Kurse und hab mich soeben beschwert.
Hast du bei quote.com bereits gemeckert? Ich bekomme auch keine RT Kurse und hab mich soeben beschwert.
Ne bisher nicht sehe mir die Sache aber nicht mehr lange mit an.
Time is Money
Time is Money
Kann mir bitte einer den Kursverfall erklären?!
Normalerweise heißt es ja der Chart weiß alles - also sind die Pleite?!
Von den News her, müßte der Kurs doch x-mal höher stehen.
(z.B. Kauf 2 Hotels Nähe Niagara-Fälle - 1 fix für 116 Mio!)
Ich denke, dass die Performance für sich spricht und die Firma wohl bald Chapter 11 anmeldet!
Oder was meint Ihr?
Normalerweise heißt es ja der Chart weiß alles - also sind die Pleite?!
Von den News her, müßte der Kurs doch x-mal höher stehen.
(z.B. Kauf 2 Hotels Nähe Niagara-Fälle - 1 fix für 116 Mio!)
Ich denke, dass die Performance für sich spricht und die Firma wohl bald Chapter 11 anmeldet!
Oder was meint Ihr?
Ich denke das Pender demnächst heftig unter Kaufbeschuss stehen wird.
Wenn man sich mit dem möglichen Value beschäftigt, dann besteht hier mittel-/langfristig erhebliches Kurspotential im 1000% Bereich.
UNBEDINGT LESEN:
http://www.wallstreetreporter.com/mis5/index.html
Das einzige was mich irritiert ist die Überschrift:
Thomas Equipment (OTCBB: TEQI) - beschrieben wird jedoch eindeutig Pender International.
Tobin Smith könnte auch diesen Wert ganz groß über seinen Börsenbrief seiner Kundschaft empfehlen, denn er gehört dem Smart Money Panel beim Micro Cap Investors Summit am 15.06.05 in New York City an.
Ich denke der Wert ist auf der Watchlist vieler Investoren die verhalten die Gesechnisse und den News Flow abwarten. Um Volumen in diesen Wert zu bringen, dazu fehlt noch die Initialzündung (Hammernews, Kaufempfehlungen von Börsenbriefen etc.). Es gab übrigens auch in der Vergangenheit Gespräche mit Cornell Capital über eine Finanzierungslinie von 100M USD. Pender hatte jedoch die Verhandlungen aufgrund von Differenzen abgebrochen und eine Finnzierungslinie (Equity Line) im Nachgang mit Institutionellen und Private Kapitalgebern eine Finanzierungslinie von 250M USD vereinbart, die auf Abruf zur Verfügung steht. Smart Money in Höhe von 250M wird mit Sicherheit nicht möglichen Chapter 11 Kandidaten in Aussicht gestellt. DO YOUR DUE DILLIGENCE KANN ICH NUR SAGEN...
Ich bin nur mit einem kleinen Investment investiert und einem grosszügigen S/L bei 0,6USD und sollte die Initialzündung erfolgen, so kaufe ich massiv.
Wenn man sich mit dem möglichen Value beschäftigt, dann besteht hier mittel-/langfristig erhebliches Kurspotential im 1000% Bereich.
UNBEDINGT LESEN:
http://www.wallstreetreporter.com/mis5/index.html
Das einzige was mich irritiert ist die Überschrift:
Thomas Equipment (OTCBB: TEQI) - beschrieben wird jedoch eindeutig Pender International.
Tobin Smith könnte auch diesen Wert ganz groß über seinen Börsenbrief seiner Kundschaft empfehlen, denn er gehört dem Smart Money Panel beim Micro Cap Investors Summit am 15.06.05 in New York City an.
Ich denke der Wert ist auf der Watchlist vieler Investoren die verhalten die Gesechnisse und den News Flow abwarten. Um Volumen in diesen Wert zu bringen, dazu fehlt noch die Initialzündung (Hammernews, Kaufempfehlungen von Börsenbriefen etc.). Es gab übrigens auch in der Vergangenheit Gespräche mit Cornell Capital über eine Finanzierungslinie von 100M USD. Pender hatte jedoch die Verhandlungen aufgrund von Differenzen abgebrochen und eine Finnzierungslinie (Equity Line) im Nachgang mit Institutionellen und Private Kapitalgebern eine Finanzierungslinie von 250M USD vereinbart, die auf Abruf zur Verfügung steht. Smart Money in Höhe von 250M wird mit Sicherheit nicht möglichen Chapter 11 Kandidaten in Aussicht gestellt. DO YOUR DUE DILLIGENCE KANN ICH NUR SAGEN...
Ich bin nur mit einem kleinen Investment investiert und einem grosszügigen S/L bei 0,6USD und sollte die Initialzündung erfolgen, so kaufe ich massiv.
04030 - Akquisitionen verwässern die Aktienstruktur, denn die Akquisitionskosten müssen über neu ausgegebnen Aktien finanziert werden. Dafür wird jedoch Handelsvolumen benötigt um die Aktien entsprechen zu platzieren. Dies ist auch der Grund wieso man die Bilanz gesäubert hat und die Outstanding Shares auf ca. 60M Shares reduziert hat.
Jetzt fehlt nur noch die Initialzündung und das entsprechende Price/Volume Pattern.
Ich glaube viele Investoren an der Seitenlinie sind abwartend und verfolgen die Aktionen genau. Bei den ersten Rekord-Volumina werde ich nicht lange zögern grössere Positionen zu kaufen. Ich Augenblick ist PNDR zugegebenermassen ein "speculativ buy" und zarte Naturen sollten ohnehin nicht in OTC BB Werte investieren.
Jetzt fehlt nur noch die Initialzündung und das entsprechende Price/Volume Pattern.
Ich glaube viele Investoren an der Seitenlinie sind abwartend und verfolgen die Aktionen genau. Bei den ersten Rekord-Volumina werde ich nicht lange zögern grössere Positionen zu kaufen. Ich Augenblick ist PNDR zugegebenermassen ein "speculativ buy" und zarte Naturen sollten ohnehin nicht in OTC BB Werte investieren.
Company History and Operations
The Company was organized August 26, 1998 (Date of inception) under the law of
the state of Delaware, as Pender International, Inc. In 2002, a business plan
was developed to import high end furniture from Mexico for sale in the United
States and Canada. This business was unsuccessful and abandoned in July 2004.
In July 2004, the Company entered business as a merchant bank. The Company`s
objectives are to acquire undervalued small to medium size advanced stage
companies that require strong management and capital to bring their operations
to profitability. The company began a program to delineate acquisition
targets in mid 2004 with a plan to build a broadly diversified portfolio of
core holdings that bring and maintain long term shareholder value.
The Company was organized August 26, 1998 (Date of inception) under the law of
the state of Delaware, as Pender International, Inc. In 2002, a business plan
was developed to import high end furniture from Mexico for sale in the United
States and Canada. This business was unsuccessful and abandoned in July 2004.
In July 2004, the Company entered business as a merchant bank. The Company`s
objectives are to acquire undervalued small to medium size advanced stage
companies that require strong management and capital to bring their operations
to profitability. The company began a program to delineate acquisition
targets in mid 2004 with a plan to build a broadly diversified portfolio of
core holdings that bring and maintain long term shareholder value.
ITEM 7.01. REGULATION FD DISCLOSURE
On July 23, 2004, the board of directors of Pender International Inc. approved
and declared a seven-for-one forward split in the form of a stock dividend on
the registrant`s common stock, par value $0.0001 per share. The common stock
dividend was distributed on July 26, 2004 to stockholders of record as at
July 23, 2004. The common stock dividend increased the registrant`s issued and
outstanding number of shares of common stock to 57,498,000 shares.
On July 23, 2004, the board of directors of Pender International Inc. approved
and declared a seven-for-one forward split in the form of a stock dividend on
the registrant`s common stock, par value $0.0001 per share. The common stock
dividend was distributed on July 26, 2004 to stockholders of record as at
July 23, 2004. The common stock dividend increased the registrant`s issued and
outstanding number of shares of common stock to 57,498,000 shares.
TORONTO--(BUSINESS WIRE)--July 13, 2004--Pender International Inc.
announced today that it acquired IMM Investments Inc., formerly a wholly owned
subsidiary of KJ Holding Inc., an Ontario Corporation, on July 9, 2004. Pender
issued 3,000,000 restricted shares of its common stock in exchange for 100% of
IMM Investments Inc.
Pender International Inc. also announced the decision by its board of
directors to split its stock, seven shares for each one share currently
outstanding (7 for 1). The record date of the stock split will be July 23, 2004.
Share certificates will be mailed to shareholders of record as of that date. No
action on the part of shareholders is required.
IMM Investments Inc. controls approximately 30% of Armistice Resources Ltd.
("Armistice") (unlisted), a Canadian mining company that has interests in mining
properties near Kirkland Lake, Ontario. IMM acquired 20,000,000 Common Share
units (each unit consists of one common share and one common share purchase
warrant) of Armistice Resources Ltd. on June 30, 2004 through a Private
Placement offering in the Province of Ontario by subscribing gross proceeds of
$2,000,000 to a recently announced Private Placement of Armistice Resources Ltd.
Armistice has interests in the Virginiatown Gold Project, 100 Government
Rd. West, Virginiatown, Ontario. Exploration of this property began in 1974
through an option agreement between Sheldon Larder Mines and Kerr Addison Mines
Ltd. It is believed that the ore body encountered on the property is a deeply
displaced western extension of the rich Kerr Addison ore bearing system. The
adjacent Kerr Addison mine produced approximately 12,000,000 ounces of gold of
its 58-year production life. The Armistice technical report 43-101 dated June 6,
2004 available on SEDAR for review indicates a mineable mineral resource in the
first stage of production of 477,379 tons of ore grading 0.229 oz/ton and
201,001 tons grading 0.378 oz/ton as well as promising deep drilling results
intersecting gold bearing zones in the Kerr Formation down to at least 5,600
feet below surface. In its current state Armistice has invested approximately
$50,000,000 in infrastructure, including a headframe and surface assets, a 10ft.
diameter double drum production hoist, a vertical production capacity shaft to a
depth of 2,500 ft., 6,000 ft. of underground works, including drifts and cross
cuts isolating the initial shallow ore body in the "West" and "East" mine areas,
as well as a deep drilling station at the 2,250 ft. level for further
exploration.
Armistice ceased production in 1996 at the cusp of the down trend in the
gold market and shortly after announcing a bulk sample extraction from the
shallow ore body. The company intends to commence rehabilitation including mine
dewatering and safety re-certification procedures with a target for production
before the end of 2004.
The Armistice Private Placement was completed pursuant to partial
revocation in Ontario of the cease trade order imposed by the Ontario Securities
Commission on June 6, 2003. The Corporation intends to apply for a full
revocation of the cease trade order after completing a further reorganization of
some of the Corporation`s affairs, including the holding of an annual and
general meeting of the Corporation`s shareholders, the completion of the
Corporation`s audited financial statements for the year ended June 30, 2004 and
the completion of some of the recommended work outlined in the recently filed
Revised Technical Report.
announced today that it acquired IMM Investments Inc., formerly a wholly owned
subsidiary of KJ Holding Inc., an Ontario Corporation, on July 9, 2004. Pender
issued 3,000,000 restricted shares of its common stock in exchange for 100% of
IMM Investments Inc.
Pender International Inc. also announced the decision by its board of
directors to split its stock, seven shares for each one share currently
outstanding (7 for 1). The record date of the stock split will be July 23, 2004.
Share certificates will be mailed to shareholders of record as of that date. No
action on the part of shareholders is required.
IMM Investments Inc. controls approximately 30% of Armistice Resources Ltd.
("Armistice") (unlisted), a Canadian mining company that has interests in mining
properties near Kirkland Lake, Ontario. IMM acquired 20,000,000 Common Share
units (each unit consists of one common share and one common share purchase
warrant) of Armistice Resources Ltd. on June 30, 2004 through a Private
Placement offering in the Province of Ontario by subscribing gross proceeds of
$2,000,000 to a recently announced Private Placement of Armistice Resources Ltd.
Armistice has interests in the Virginiatown Gold Project, 100 Government
Rd. West, Virginiatown, Ontario. Exploration of this property began in 1974
through an option agreement between Sheldon Larder Mines and Kerr Addison Mines
Ltd. It is believed that the ore body encountered on the property is a deeply
displaced western extension of the rich Kerr Addison ore bearing system. The
adjacent Kerr Addison mine produced approximately 12,000,000 ounces of gold of
its 58-year production life. The Armistice technical report 43-101 dated June 6,
2004 available on SEDAR for review indicates a mineable mineral resource in the
first stage of production of 477,379 tons of ore grading 0.229 oz/ton and
201,001 tons grading 0.378 oz/ton as well as promising deep drilling results
intersecting gold bearing zones in the Kerr Formation down to at least 5,600
feet below surface. In its current state Armistice has invested approximately
$50,000,000 in infrastructure, including a headframe and surface assets, a 10ft.
diameter double drum production hoist, a vertical production capacity shaft to a
depth of 2,500 ft., 6,000 ft. of underground works, including drifts and cross
cuts isolating the initial shallow ore body in the "West" and "East" mine areas,
as well as a deep drilling station at the 2,250 ft. level for further
exploration.
Armistice ceased production in 1996 at the cusp of the down trend in the
gold market and shortly after announcing a bulk sample extraction from the
shallow ore body. The company intends to commence rehabilitation including mine
dewatering and safety re-certification procedures with a target for production
before the end of 2004.
The Armistice Private Placement was completed pursuant to partial
revocation in Ontario of the cease trade order imposed by the Ontario Securities
Commission on June 6, 2003. The Corporation intends to apply for a full
revocation of the cease trade order after completing a further reorganization of
some of the Corporation`s affairs, including the holding of an annual and
general meeting of the Corporation`s shareholders, the completion of the
Corporation`s audited financial statements for the year ended June 30, 2004 and
the completion of some of the recommended work outlined in the recently filed
Revised Technical Report.
Ich habe meine Due Dilligence Phase abgeschlossen und komme zu dem Urteil: Pender ist ein Fall für die Watchlist und ein sehr spekulativer KAUF, denn der Erfolg hängt in erster Linie von den Akquisitionsverhandlungen ab. Die aktuelle Market Cap bei einem Kurs von 0.087USD und einem OS von ungefähr $57Mio. entspricht einer aktuellen Market Cap. von knap $5Mio. Die Assets werden laut dem letzten SEC Quartals Filing mit USD8.5Mio. (Wert der Beteiligung an der Armistice Goldmine) angegeben d.h. einem Abschlag von: 41% gegenüber der Market Cap.
Sollte das "View Hotel" an den Niagara Fällen in Ontario zu einem Kaufpreis von $116M aufgekauft werden "siehe definitive Purchase Agreement vom 07.04.05" dürfte die Aktie vor einer gewaltigen Neubewertung des Kurses stehen und die Market Cap. hätte Vervielfachungspotential innerhalb von wenigen Tagen mit einem Faktor > * 20
http://biz.yahoo.com/t/46/5182.html
Der CEO CIAVARELLA, MICHAEL hat ca. 4,5Mio. USD selbst in das Unternehmen investiert und hält 454,850 Aktien. Bei dem aktuellen Kurs von 0,087USD wäre die Position gerade mal 39.571USD Wert.
Als grosses Commitment sehe ich die Finanzierungslinie von 250M USD seitens der Instituitionellen und privaten Investorengruppen an. Die Konvertierung der Finanzierungslinie in registrierte Aktien von Pender ist auf einen Mindestpreis von $4.00 festgesetzt. Die Finanzierungslinie ist unkündbar gibt jedoch der Finanzierungsgruppe das primäre Recht die Finanzierung bei berechtigten Gründen die volle Finanzierungssumme von USD 250Mio. zu verweigern. Wenn Pender von der vollen Finanzierungslinie Gebrauch machen sollte, dann muss Pender im Gegenzug ungefähr 62.5M Neuaktien an das Finanzierungssyndikat ausstellen.
Im Augenblick empfiehlt sich aufgrund der Unsicherheiten nur ein spekulatives Investment. Ich behalte sie auf meiner Watchlist mit einem moderaten Venture-Investment und bei positivem Ausgang der Akquisitionsverhandlungen werde ich unmittelbar reagiern und massiv kaufen.
Sollte das "View Hotel" an den Niagara Fällen in Ontario zu einem Kaufpreis von $116M aufgekauft werden "siehe definitive Purchase Agreement vom 07.04.05" dürfte die Aktie vor einer gewaltigen Neubewertung des Kurses stehen und die Market Cap. hätte Vervielfachungspotential innerhalb von wenigen Tagen mit einem Faktor > * 20
http://biz.yahoo.com/t/46/5182.html
Der CEO CIAVARELLA, MICHAEL hat ca. 4,5Mio. USD selbst in das Unternehmen investiert und hält 454,850 Aktien. Bei dem aktuellen Kurs von 0,087USD wäre die Position gerade mal 39.571USD Wert.
Als grosses Commitment sehe ich die Finanzierungslinie von 250M USD seitens der Instituitionellen und privaten Investorengruppen an. Die Konvertierung der Finanzierungslinie in registrierte Aktien von Pender ist auf einen Mindestpreis von $4.00 festgesetzt. Die Finanzierungslinie ist unkündbar gibt jedoch der Finanzierungsgruppe das primäre Recht die Finanzierung bei berechtigten Gründen die volle Finanzierungssumme von USD 250Mio. zu verweigern. Wenn Pender von der vollen Finanzierungslinie Gebrauch machen sollte, dann muss Pender im Gegenzug ungefähr 62.5M Neuaktien an das Finanzierungssyndikat ausstellen.
Im Augenblick empfiehlt sich aufgrund der Unsicherheiten nur ein spekulatives Investment. Ich behalte sie auf meiner Watchlist mit einem moderaten Venture-Investment und bei positivem Ausgang der Akquisitionsverhandlungen werde ich unmittelbar reagiern und massiv kaufen.
Hallo Brokerface!
Wie beurteilst du den Quartalsbericht? Hat sich etwas an deiner Einschätzung geändert?
Ist Pender weiterhin ein spekulativer kauf?
lg
soletti
Wie beurteilst du den Quartalsbericht? Hat sich etwas an deiner Einschätzung geändert?
Ist Pender weiterhin ein spekulativer kauf?
lg
soletti
[posting]16.706.006 von soletti0126 am 25.05.05 08:20:27[/posting]Bei OTC-Aktien muss man aufpassen, die werden bis zu einem Kurs von $0.0001 gehandelt (siehe USCI), da hat`s also noch Abwärtspotenzial, jede Menge !
Charly
Charly
ich habe gestern eine position vorgenommen bei 0.07USD und ichbin mir bewusst das es risikokapital ist, und habe daher ein imaginären Stop Loss bei 0.06.
pndr hat noch kein operatives business und sämtliche hoffnungen beruhen auf der instandsetzung der armistice goldmine und dem abschluss der hotel akquisition.
der faire value im hinblick auf die assets beträgt 0.02USD d.h. 1/4 des gegenwärtigen werts.
daher ist mein investment eher spekulativer natur.
ich kann mich irren aber mich hat die 250M Finanzierung
http://www.finanznachrichten.de/nachrichten-2005-04/artikel-…
aufmerksam gemacht. vor dem managementwechsel operierte pndr nur als pump und dump machine.
pndr hat noch kein operatives business und sämtliche hoffnungen beruhen auf der instandsetzung der armistice goldmine und dem abschluss der hotel akquisition.
der faire value im hinblick auf die assets beträgt 0.02USD d.h. 1/4 des gegenwärtigen werts.
daher ist mein investment eher spekulativer natur.
ich kann mich irren aber mich hat die 250M Finanzierung
http://www.finanznachrichten.de/nachrichten-2005-04/artikel-…
aufmerksam gemacht. vor dem managementwechsel operierte pndr nur als pump und dump machine.
soletti ich würde die finger erstmal von pndr(e) lassen.
pender liegt aktuell 43% im Plus.... ich glaube das charttechnisch der Knoten geplatzt ist...
plus 75% heute, wenn pndr die 100% marke überschreitet verkaufe ich vielleicht die hälfte... habe immerhin 300k und den rest an geschenkten aktien reite ich bis zum ende...
+87,5% ich glaube ich warte doch lieber noch mit dem 50% exit bei diesem nachfragedruck
sch... ein teil wurde schon verkauft zu 0.16...
die hälfte habe ich abgeladen... mein ursprungsinvestment ist gesichert..... jetzt kann ich warten!
lese ich richtig +93,7 % .....du feierst gerade ,oder ?
du liest richtig, und wenn der hotel deal unter dach und fach ist dann war das erst der anfang..... wenn, bis jetzt gibt es nur gerüchte und eine pr über die absichtserklärung.
aber ich habe mir als grundregel einverleibt bei verdopplern immer die hälfte mitzunehmen und den rest bei ausreichend potential langfristig im depot zu halten, sind immerhin noch 150k...
aber ich habe mir als grundregel einverleibt bei verdopplern immer die hälfte mitzunehmen und den rest bei ausreichend potential langfristig im depot zu halten, sind immerhin noch 150k...
Brokerface
Hört sich interessant an. Wann soll denn der Hoteldeal in etwa steigen?
Alleine die Finanzierung von 250M USD bei einem Fixpreis von 4USD pro Aktie würde bedeuten, dass nicht mehr als 62,5 Mio neue Aktien kämen, oder?
Gruß
Tom
Hört sich interessant an. Wann soll denn der Hoteldeal in etwa steigen?
Alleine die Finanzierung von 250M USD bei einem Fixpreis von 4USD pro Aktie würde bedeuten, dass nicht mehr als 62,5 Mio neue Aktien kämen, oder?
Gruß
Tom
richtig... allerdings ist die anlage mit sehr viel risiko behaftet...
ich habe versucht mehr über die kapitalgeber in erfahrung zu bringen... sackgasse. ebenso gibt es viele gerüchte aber noch keine details wann und ob der hotel deal über die bühne geht und was die entwässerung der armistice goldmine betrifft.
ich habe im augenblick noch 50% meines ursprungsinvestment nach dem verdoppker investiert(alles geschenkte aktien) und mein geld ist draussen. für den fall das in den nächsten tagen tatsächlich eine pr über den abschluss des hoteldeals kommen sollte, dann wird der kurs intraday wahrscheinlich mehrere hundert prozent explodieren. ich lege nochmal nach auch wenn es sein muss zum doppelten preis wenn es die gewissheit gibt. alles andere ist risikokapital denn das vorherige management hat sich an kursmanipulationen des wertes bereichert (siehe chart) und siehe SEC untersuchungen. lege kein geld an wenn du es nicht unbedingt brauchst. es besteht zwar vervielfachungspotential ebenso wie die gefahr eines totalverlustst besteht wenn der deal platzt, denn dann ist die finanzierung für die katz.
ich habe versucht mehr über die kapitalgeber in erfahrung zu bringen... sackgasse. ebenso gibt es viele gerüchte aber noch keine details wann und ob der hotel deal über die bühne geht und was die entwässerung der armistice goldmine betrifft.
ich habe im augenblick noch 50% meines ursprungsinvestment nach dem verdoppker investiert(alles geschenkte aktien) und mein geld ist draussen. für den fall das in den nächsten tagen tatsächlich eine pr über den abschluss des hoteldeals kommen sollte, dann wird der kurs intraday wahrscheinlich mehrere hundert prozent explodieren. ich lege nochmal nach auch wenn es sein muss zum doppelten preis wenn es die gewissheit gibt. alles andere ist risikokapital denn das vorherige management hat sich an kursmanipulationen des wertes bereichert (siehe chart) und siehe SEC untersuchungen. lege kein geld an wenn du es nicht unbedingt brauchst. es besteht zwar vervielfachungspotential ebenso wie die gefahr eines totalverlustst besteht wenn der deal platzt, denn dann ist die finanzierung für die katz.
Die 10 Tage sind aber schon ne Weile rum.
--Pender International Inc. ("Pender" or the "Company") (OTCBB:PNDR - News) announces that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel.
--Pender International Inc. ("Pender" or the "Company") (OTCBB:PNDR - News) announces that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel.
From the inaugural issue of the Hidden Gems newsletter, we read that “a classic hidden gem is a great, but as of yet unknown company just waiting to be discovered. These are typically small companies, which by sheer virtue of their smallness haven’t yet garnered Wall Street’s attention”. I’m starting with this quote not because I think Pender International qualifies as a Hidden Gem. It doesn’t. (For one thing, it doesn’t yet generate cash.) Rather, I want to stress the point that when looking for investments, small can be a very good thing.
They don’t come much smaller than Pender International (OTC BB:PNDR.OB). It’s a penny stock with a market cap of $5.5 million at today’s close of $0.095. While The Motley Fool does not encourage investing in penny stocks (with good reason), I’m going to show that Pender’s real value is on the order of $200 million. That is, it’s a penny stock that shouldn’t be a penny stock.
If you look Pender up on EDGAR, you’ll see that its SIC code is 5020 – Wholesale-Furniture & Home Furnishings. That’s because the business plan developed in 2002 was to import high-end furniture from Mexico for sale in the United States and Canada. But that didn’t work out and in July 2004 the Company entered business as a merchant bank, with the objective of acquiring undervalued small-to-medium size advanced stage companies that require strong management and capital to bring their operations to profitability. (If this sounds weird, it gets even weirder.)
Pender is registered in Delaware, but it’s run by Canadians and its business address is in Markham, Ontario. (Herein, dollars are United States dollars unless noted with CAD for Canadian dollars.) The company, now a merchant bank, began a program to delineate acquisition targets in mid-2004 with a plan to build a broadly diversified portfolio of core holdings. On July 9, 2004, the Company acquired 100% of the stock of IMM Investments, an Ontario corporation, from KJ Holding, also an Ontario Corporation, by issuing unregistered common shares of Pender in exchange for 100% of the issued and outstanding stock in IMM. IMM owns approximately 14.4% of the stock of Armistice Resources, a Canadian gold mining company. IMM also holds warrants that (if exercised) would increase IMM`s position in Armistice to approximately 25.2% of the outstanding stock of Armistice. The fair value of IMM assets at the time of the acquisition was $1.5 million, but PNDR paid only $600,000 (meaning there was negative goodwill —an interesting concept).
This gold property is located in the Virginiatown area 40 km east of Kirkland Lake, in northeastern Ontario. The identified mineral resource (see the geologist’s report via the link at the bottom of this post) is approximately 201,001 tons at 0.378 oz. of gold per ton (assuming a dilution factor of 10% and a cut-off of grade of 0.20 oz. Au/ton). At $420 per ounce, the currently identified gold resource of 76 thousand ounces is potentially worth about $32 million. The report also indicates that it is probable that other mineralized lenses will be found on the Armistice property. The property is immediately adjacent to the former Kerr Addison Mine, which produced approximately 12 million ounces of gold during its 58-year operating life. Underlying the Armistice property at a depth of 2,200 feet below surface and extending to a depth of at least 5,600 is the Kerr formation, which it is geologically identical to, and is of similar length and width and attitude to the exposure on the Kerr Addison mine property.
Sounds like a good deal for Pender. The problem, however, is that the vertical production shaft that extends to a depth of 2,290 feet below the surface, and approximately 6,000 feet of underground workings, were filled with water. At the time, Pender did not have sufficient capital to further develop the project and so the stock sat at $0.30 until October 14 last year.
Then something strange happened. In the absence of any news whatsoever, the share price took off, peaking at $11.35 on November 18. The full story is documented in the Ontario Securities Commission’s Statement of Allegations (see the link below). What happened was the CEO — now the ex-CEO — teamed up with a guy who had already been convicted of at least 103! counts of fraud to pump the stock using four different bank accounts that the two of them controlled. (The ex-CEO’s partner in crime took steps to conceal his true identity when dealing with the accounts, including using the alias “Michael Douglas”!) Their plan worked just great, except that they got caught. Their hearing is scheduled for June 29.
Those guys are gone and a new CEO was appointed on January 16. Things have now changed and this is no longer a sleazy Canadian gold mining stock. Trust me.
When Pender acquired IMM, the owner of IMM, Kalano Jang, became a 36% owner of Pender and Jang’s son, Karlson Jang, became Chairman of Pender. Karlson Jang is the Chief Operating Officer with Trillion Financial Group, one of the largest financial and investment agencies in North America. He oversees a business with over 900 agents across Canada and with written business of over CAD $5 billion in 2003. He has also acted as an Internal Analyst with ABNAMRO Asset Management. Jang is a financial heavyweight in the Asian community in Canada (a big community) and last month he raised new money for Pender. Read the press release via this link — this is the most important document in this story.
http://www.penderinternationalinc.com/news/?link=3&doc_id=25…
What Jang managed to do is arrange an equity line of financing for $250 million with five investor groups. From the press release: The terms of the agreement permit the drawdown of funds upon five days notice, on an as needed basis by Pender. Each drawdown amount is to be converted into registered common shares at a conversion price of not less than $4.00 per share. The agreement is non-cancelable and provides the syndicate with first right of refusal on all financing required by the Company up to $250 million. If the equity line is fully drawn, Pender will be required to issue approximately 62.5 million shares.
The current share price is $0.10, yet the syndicate will have its funds converted to shares at $4.00 per share. There are currently 57.5 million shares outstanding. If Pender uses the full $250 million, it will issue an additional 62.5 million shares, so the number of diluted shares outstanding is 57.5 + 62.5 = 120 million. At $0.10 per share, the value of the company based on diluted shares outstanding is currently $12 million. But it has $250 million in equity financing, which, fully diluted, represents $2.08 per share.
(Brief pause for this to sink in.)
What this means is that in terms of value alone — i.e., regardless of the return on investments that the company is able to achieve with the $250 million — this is a twenty-bagger. Well, not quite. The company has estimated its operating expenses for 2005 to be $8 million, so the amount available for investments in 2005 is really $242 million.
This estimate of value is based only on assets and ignores Pender’s potential for growth. The syndicate has currently assigned a value to Pender of $4.00 per share. This value is equivalent to Pender achieving an annual return on investment of about 12–15% and the share price having a PE that reflects the ROI — e.g., investments of $242 million * ROI of 14% * PE of 14 / 120 million shares = $3.95. Applying the range of ROI to the value of Pender’s investments at the end of each year and a PE will give a range of estimates of the potential share price in future years. Suffice it to say that on the basis of the projects that have been developed by Pender since mid-2004, the syndicate expects the share price to appreciate well beyond the $4.00 level in due course, which is why it agreed to the deal in the first place.
(Another brief pause.)
So, what is Pender going to do with the $250 million?
First, they’re going to spend $3 million in 2005 to dewater the Armistice mine, and according to the press release of April 18, this should be completed by the end of May, after which they will contract for bulk sampling and additional mine development work.
Here’s what someone on the PNDR board at Market Millionaires (see link below) stated about the mine: “As mentioned earlier, i`ve lived with the gold mine since conception, been to the bottom several times, touched the veins... if anything juices PNDR it will be the mine; it is already built and it will be in limited production when de-watering and rehab is completed (end of summer?)...”
On February 16, Pender announced that it has entered into an agreement to purchase 100% of the issued and outstanding shares of Montebello Development in exchange for restricted common stock. Montebello Development is developing Salchi Bay Development -- a 25-acre ocean front resort in Huatulco, Mexico. Pender intends to begin construction next week and anticipates completion of 12 private villas by the end of this year. Thereafter, we anticipate an additional 48 units to be completed in 18 months. The property is located on a 1.5-mile private beach on a secluded bay less than 20 minutes drive from Huatulco International Airport. Huatulco is one of the newest and fastest growing resort areas in Mexico. Pender will spend about $30 million to develop Salchi Bay.
On April 7, Pender announced that it has entered into a definitive agreement to purchase the Sheraton Fallsview Hotel and Conference Center, and adjacent undeveloped land, for a purchase price of $116 million. The complex is located in Niagara Falls, Ontario and was purchased because of its significant upside potential and the opportunity for Pender to add significant value. Pender is considering the addition of a second hotel tower consisting of 500 rooms as well as a 35,000 sq. ft. convention centre. The Company has contracted SF Partnership to complete a feasibility study on the proposed expansion. Furthermore, discussions are underway with two major contractors for the construction of the new tower and convention centre. The John Daly designed eighteen hole, championship golf course is scheduled to commence operations on May 1. Pender anticipates that the opening of the golf course will attract a significant number of golfers and their families, which are anticipated to substantially increase hotel occupancy. Adjacent to the golf course is substantial undeveloped land capable of supporting the development of 200 residential building lots. Pender expects to develop these lots over the next several years. See the link to the hotel’s website below.
And here’s what someone else on Market Millionaires had to say about the hotel and the deal with Pender: “Well, my curiousity got the best of me. I was over in Canada yesterday and today buying a race horse (I train them) and since I have watched my investment in PNDR fall from .15 to .09 or so, i thought before I picked up the horse I would swing over to the Sheraton Fallsview Hotel & Golf Complex, stay the night, and check things out. Ya never know with penny stocks. Btw here is their website for the hotel including pics. So I pulled in and wow!!! It was beautiful. I mean just beautiful. Very impressed with the outside viewing. Great area, luxury accomadations, beautiful golf coarse, nice homes and condos all around it, just breathtaking to say the least. So me being a skeptical person decided to see if anyone around there had heard of Pender and about the purposed sale. First person i talked to was the guy at the front desk, and he didnt offer too much except to say that he knows it is in the process of being sold. Talked to a baggage guy next and he offered up all kinds of info about the hotel, the amenities etc. In his words he said "for the money you won`t find a better place to stay with the luxuries you get" or something to that effect. Very nice and chatty guy. So I got checked in and had dinner at Stanleys pub and grill located inside the hotel. Had a great burger and 3 beers , and started hitting on the server lol. Hottie. By the time I left the grill I not only had her digits, but she told me that her mom also worked at the hotel as a manager of some type and she called her up and asked a few questions about which I wanted answered. She 100% verified that it is Pender buying the hotel and surronding land area, and that there were rumors of a bunch of new hirings going around due to the fact that they were going to build a new tower and conference room. Sounded VERY excited about things and her job. When I checked out I asked the lady at the desk how business was going and she said that things are picking up now bigtime now that the weather is warming, (in fact they are already booked solid for half the summer) and that even the winter was good due to the influx of skiers. Sounded very happy that the golf course was going to be opening soon and had a bunch of converntioners coming in just for that…”
On April 21, Pender announced that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel. The additional property includes an 18-hole, professional golf course designed by Reese Jones. Approvals are also in place for 350 condominium units as well as a 350-suite hotel facing the Wetland River.
So, in addition to the Armistice mine, they’re spending the $250 million primarily on large real estate development projects. The current management is well placed for these activities. The new CEO founded and sold a successful construction company, with over 100 employees. Now he’s sitting on the other side of the table, representing the developers when they hire the contractors to build the hotel tower, convention center, the residences, the villas on the beach, etc. The new CFO is from De Havilland and Bombardier, both well-known Canadian companies.
Now, the questions remains, Why is the stock still trading at a price that reflects only a part interest in a flooded gold mine? There are a few possibilities.
First, this being a penny stock, one has to consider that the announcement of the $250 million in non-cancelable equity financing is fraudulent. This is conceivable. But this is a public company operating under procedures established by law. If this announcement turns out to be fraudulent, then investors (myself included) will be unleashing their lawyers on these guys. At the least, Jang, Sr., risks losing his interest in the Armistice mine, which is worth several million dollars.
But, in this case, fraud is extremely unlikely. Read the press releases, and the posts on the Raging Bull message board (see link below) from people who have done their own due diligence, and you will see that the Fallsview Hotel deal is indeed happening, that the SF Partnership is indeed doing a feasibility study to further develop the hotel, that the mine is being dewatered, etc. Pender has access to the $250 million and is now spending it.
There is some concern that the Fallsview deal has not yet been finalized. Pender announced that it would close by May 1, but it would appear that they were too optimistic. This is a big transaction and each party has to do their due diligence, then the lawyers get involved, then if there are any issues, it goes back to the parties, then back to the lawyers, etc. Still, while the delay was not entirely unexpected, it is nonetheless worrisome. Once finalization of the deal is announced, which may be a matter of weeks (or even days), we can expect that the share price will pop.
Another factor to consider is that when Pender has issued the 62.5 million shares in return for the $250 million, the syndicate will own 52% of the company. The 36% share currently owned by Jang, Sr., will be reduced to 17%. Together, Jang and the syndicate will own 69% of the company and will be able to do what they want with it. But even if they decide to take it private, they will still have to pay market value to the other shareholders, so this eventuality, in itself, isn’t impacting the share price.
The most likely reason for the current share price is that almost nobody knows about Pender. Or, if they know about it, this being a penny stock, they trade it solely on the basis of technicals, regardless of fundamentals. Or, if they know about the fundamentals, they’re still spooked by the pumping scam that happened last November. In this regard, the following email from the company was posted on Market Millionaires on April 14: “Primarily, there is a lack of market awareness in the success that Pender International, Inc. is having. Our company is working very hard to create the necessary market awareness to support shareholder value. We anticipate significant news will be out with regards to Armistice and our other investment projects over the next 4-6 weeks.” So the company is aware of the problem and it even hired two private analysts to publish reports. (The reports are objective summaries of the facts, but paying analysts to give buy recommendations may have done more harm than good.)
The $250 million equity line of financing was only announced on April 13, just over a month ago, so this is still a new story. If the story is true, then, as a value play, it’s a no-brainer and there’s a good chance that this will be a multi-bagger in the near term.
But then again, it is possible that we might inadvertently be ignoring something important, so there’s also a chance it will be worth zero. The facts indicate otherwise, but that’s the risk you take with penny stocks.
They don’t come much smaller than Pender International (OTC BB:PNDR.OB). It’s a penny stock with a market cap of $5.5 million at today’s close of $0.095. While The Motley Fool does not encourage investing in penny stocks (with good reason), I’m going to show that Pender’s real value is on the order of $200 million. That is, it’s a penny stock that shouldn’t be a penny stock.
If you look Pender up on EDGAR, you’ll see that its SIC code is 5020 – Wholesale-Furniture & Home Furnishings. That’s because the business plan developed in 2002 was to import high-end furniture from Mexico for sale in the United States and Canada. But that didn’t work out and in July 2004 the Company entered business as a merchant bank, with the objective of acquiring undervalued small-to-medium size advanced stage companies that require strong management and capital to bring their operations to profitability. (If this sounds weird, it gets even weirder.)
Pender is registered in Delaware, but it’s run by Canadians and its business address is in Markham, Ontario. (Herein, dollars are United States dollars unless noted with CAD for Canadian dollars.) The company, now a merchant bank, began a program to delineate acquisition targets in mid-2004 with a plan to build a broadly diversified portfolio of core holdings. On July 9, 2004, the Company acquired 100% of the stock of IMM Investments, an Ontario corporation, from KJ Holding, also an Ontario Corporation, by issuing unregistered common shares of Pender in exchange for 100% of the issued and outstanding stock in IMM. IMM owns approximately 14.4% of the stock of Armistice Resources, a Canadian gold mining company. IMM also holds warrants that (if exercised) would increase IMM`s position in Armistice to approximately 25.2% of the outstanding stock of Armistice. The fair value of IMM assets at the time of the acquisition was $1.5 million, but PNDR paid only $600,000 (meaning there was negative goodwill —an interesting concept).
This gold property is located in the Virginiatown area 40 km east of Kirkland Lake, in northeastern Ontario. The identified mineral resource (see the geologist’s report via the link at the bottom of this post) is approximately 201,001 tons at 0.378 oz. of gold per ton (assuming a dilution factor of 10% and a cut-off of grade of 0.20 oz. Au/ton). At $420 per ounce, the currently identified gold resource of 76 thousand ounces is potentially worth about $32 million. The report also indicates that it is probable that other mineralized lenses will be found on the Armistice property. The property is immediately adjacent to the former Kerr Addison Mine, which produced approximately 12 million ounces of gold during its 58-year operating life. Underlying the Armistice property at a depth of 2,200 feet below surface and extending to a depth of at least 5,600 is the Kerr formation, which it is geologically identical to, and is of similar length and width and attitude to the exposure on the Kerr Addison mine property.
Sounds like a good deal for Pender. The problem, however, is that the vertical production shaft that extends to a depth of 2,290 feet below the surface, and approximately 6,000 feet of underground workings, were filled with water. At the time, Pender did not have sufficient capital to further develop the project and so the stock sat at $0.30 until October 14 last year.
Then something strange happened. In the absence of any news whatsoever, the share price took off, peaking at $11.35 on November 18. The full story is documented in the Ontario Securities Commission’s Statement of Allegations (see the link below). What happened was the CEO — now the ex-CEO — teamed up with a guy who had already been convicted of at least 103! counts of fraud to pump the stock using four different bank accounts that the two of them controlled. (The ex-CEO’s partner in crime took steps to conceal his true identity when dealing with the accounts, including using the alias “Michael Douglas”!) Their plan worked just great, except that they got caught. Their hearing is scheduled for June 29.
Those guys are gone and a new CEO was appointed on January 16. Things have now changed and this is no longer a sleazy Canadian gold mining stock. Trust me.
When Pender acquired IMM, the owner of IMM, Kalano Jang, became a 36% owner of Pender and Jang’s son, Karlson Jang, became Chairman of Pender. Karlson Jang is the Chief Operating Officer with Trillion Financial Group, one of the largest financial and investment agencies in North America. He oversees a business with over 900 agents across Canada and with written business of over CAD $5 billion in 2003. He has also acted as an Internal Analyst with ABNAMRO Asset Management. Jang is a financial heavyweight in the Asian community in Canada (a big community) and last month he raised new money for Pender. Read the press release via this link — this is the most important document in this story.
http://www.penderinternationalinc.com/news/?link=3&doc_id=25…
What Jang managed to do is arrange an equity line of financing for $250 million with five investor groups. From the press release: The terms of the agreement permit the drawdown of funds upon five days notice, on an as needed basis by Pender. Each drawdown amount is to be converted into registered common shares at a conversion price of not less than $4.00 per share. The agreement is non-cancelable and provides the syndicate with first right of refusal on all financing required by the Company up to $250 million. If the equity line is fully drawn, Pender will be required to issue approximately 62.5 million shares.
The current share price is $0.10, yet the syndicate will have its funds converted to shares at $4.00 per share. There are currently 57.5 million shares outstanding. If Pender uses the full $250 million, it will issue an additional 62.5 million shares, so the number of diluted shares outstanding is 57.5 + 62.5 = 120 million. At $0.10 per share, the value of the company based on diluted shares outstanding is currently $12 million. But it has $250 million in equity financing, which, fully diluted, represents $2.08 per share.
(Brief pause for this to sink in.)
What this means is that in terms of value alone — i.e., regardless of the return on investments that the company is able to achieve with the $250 million — this is a twenty-bagger. Well, not quite. The company has estimated its operating expenses for 2005 to be $8 million, so the amount available for investments in 2005 is really $242 million.
This estimate of value is based only on assets and ignores Pender’s potential for growth. The syndicate has currently assigned a value to Pender of $4.00 per share. This value is equivalent to Pender achieving an annual return on investment of about 12–15% and the share price having a PE that reflects the ROI — e.g., investments of $242 million * ROI of 14% * PE of 14 / 120 million shares = $3.95. Applying the range of ROI to the value of Pender’s investments at the end of each year and a PE will give a range of estimates of the potential share price in future years. Suffice it to say that on the basis of the projects that have been developed by Pender since mid-2004, the syndicate expects the share price to appreciate well beyond the $4.00 level in due course, which is why it agreed to the deal in the first place.
(Another brief pause.)
So, what is Pender going to do with the $250 million?
First, they’re going to spend $3 million in 2005 to dewater the Armistice mine, and according to the press release of April 18, this should be completed by the end of May, after which they will contract for bulk sampling and additional mine development work.
Here’s what someone on the PNDR board at Market Millionaires (see link below) stated about the mine: “As mentioned earlier, i`ve lived with the gold mine since conception, been to the bottom several times, touched the veins... if anything juices PNDR it will be the mine; it is already built and it will be in limited production when de-watering and rehab is completed (end of summer?)...”
On February 16, Pender announced that it has entered into an agreement to purchase 100% of the issued and outstanding shares of Montebello Development in exchange for restricted common stock. Montebello Development is developing Salchi Bay Development -- a 25-acre ocean front resort in Huatulco, Mexico. Pender intends to begin construction next week and anticipates completion of 12 private villas by the end of this year. Thereafter, we anticipate an additional 48 units to be completed in 18 months. The property is located on a 1.5-mile private beach on a secluded bay less than 20 minutes drive from Huatulco International Airport. Huatulco is one of the newest and fastest growing resort areas in Mexico. Pender will spend about $30 million to develop Salchi Bay.
On April 7, Pender announced that it has entered into a definitive agreement to purchase the Sheraton Fallsview Hotel and Conference Center, and adjacent undeveloped land, for a purchase price of $116 million. The complex is located in Niagara Falls, Ontario and was purchased because of its significant upside potential and the opportunity for Pender to add significant value. Pender is considering the addition of a second hotel tower consisting of 500 rooms as well as a 35,000 sq. ft. convention centre. The Company has contracted SF Partnership to complete a feasibility study on the proposed expansion. Furthermore, discussions are underway with two major contractors for the construction of the new tower and convention centre. The John Daly designed eighteen hole, championship golf course is scheduled to commence operations on May 1. Pender anticipates that the opening of the golf course will attract a significant number of golfers and their families, which are anticipated to substantially increase hotel occupancy. Adjacent to the golf course is substantial undeveloped land capable of supporting the development of 200 residential building lots. Pender expects to develop these lots over the next several years. See the link to the hotel’s website below.
And here’s what someone else on Market Millionaires had to say about the hotel and the deal with Pender: “Well, my curiousity got the best of me. I was over in Canada yesterday and today buying a race horse (I train them) and since I have watched my investment in PNDR fall from .15 to .09 or so, i thought before I picked up the horse I would swing over to the Sheraton Fallsview Hotel & Golf Complex, stay the night, and check things out. Ya never know with penny stocks. Btw here is their website for the hotel including pics. So I pulled in and wow!!! It was beautiful. I mean just beautiful. Very impressed with the outside viewing. Great area, luxury accomadations, beautiful golf coarse, nice homes and condos all around it, just breathtaking to say the least. So me being a skeptical person decided to see if anyone around there had heard of Pender and about the purposed sale. First person i talked to was the guy at the front desk, and he didnt offer too much except to say that he knows it is in the process of being sold. Talked to a baggage guy next and he offered up all kinds of info about the hotel, the amenities etc. In his words he said "for the money you won`t find a better place to stay with the luxuries you get" or something to that effect. Very nice and chatty guy. So I got checked in and had dinner at Stanleys pub and grill located inside the hotel. Had a great burger and 3 beers , and started hitting on the server lol. Hottie. By the time I left the grill I not only had her digits, but she told me that her mom also worked at the hotel as a manager of some type and she called her up and asked a few questions about which I wanted answered. She 100% verified that it is Pender buying the hotel and surronding land area, and that there were rumors of a bunch of new hirings going around due to the fact that they were going to build a new tower and conference room. Sounded VERY excited about things and her job. When I checked out I asked the lady at the desk how business was going and she said that things are picking up now bigtime now that the weather is warming, (in fact they are already booked solid for half the summer) and that even the winter was good due to the influx of skiers. Sounded very happy that the golf course was going to be opening soon and had a bunch of converntioners coming in just for that…”
On April 21, Pender announced that it has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel. The additional property includes an 18-hole, professional golf course designed by Reese Jones. Approvals are also in place for 350 condominium units as well as a 350-suite hotel facing the Wetland River.
So, in addition to the Armistice mine, they’re spending the $250 million primarily on large real estate development projects. The current management is well placed for these activities. The new CEO founded and sold a successful construction company, with over 100 employees. Now he’s sitting on the other side of the table, representing the developers when they hire the contractors to build the hotel tower, convention center, the residences, the villas on the beach, etc. The new CFO is from De Havilland and Bombardier, both well-known Canadian companies.
Now, the questions remains, Why is the stock still trading at a price that reflects only a part interest in a flooded gold mine? There are a few possibilities.
First, this being a penny stock, one has to consider that the announcement of the $250 million in non-cancelable equity financing is fraudulent. This is conceivable. But this is a public company operating under procedures established by law. If this announcement turns out to be fraudulent, then investors (myself included) will be unleashing their lawyers on these guys. At the least, Jang, Sr., risks losing his interest in the Armistice mine, which is worth several million dollars.
But, in this case, fraud is extremely unlikely. Read the press releases, and the posts on the Raging Bull message board (see link below) from people who have done their own due diligence, and you will see that the Fallsview Hotel deal is indeed happening, that the SF Partnership is indeed doing a feasibility study to further develop the hotel, that the mine is being dewatered, etc. Pender has access to the $250 million and is now spending it.
There is some concern that the Fallsview deal has not yet been finalized. Pender announced that it would close by May 1, but it would appear that they were too optimistic. This is a big transaction and each party has to do their due diligence, then the lawyers get involved, then if there are any issues, it goes back to the parties, then back to the lawyers, etc. Still, while the delay was not entirely unexpected, it is nonetheless worrisome. Once finalization of the deal is announced, which may be a matter of weeks (or even days), we can expect that the share price will pop.
Another factor to consider is that when Pender has issued the 62.5 million shares in return for the $250 million, the syndicate will own 52% of the company. The 36% share currently owned by Jang, Sr., will be reduced to 17%. Together, Jang and the syndicate will own 69% of the company and will be able to do what they want with it. But even if they decide to take it private, they will still have to pay market value to the other shareholders, so this eventuality, in itself, isn’t impacting the share price.
The most likely reason for the current share price is that almost nobody knows about Pender. Or, if they know about it, this being a penny stock, they trade it solely on the basis of technicals, regardless of fundamentals. Or, if they know about the fundamentals, they’re still spooked by the pumping scam that happened last November. In this regard, the following email from the company was posted on Market Millionaires on April 14: “Primarily, there is a lack of market awareness in the success that Pender International, Inc. is having. Our company is working very hard to create the necessary market awareness to support shareholder value. We anticipate significant news will be out with regards to Armistice and our other investment projects over the next 4-6 weeks.” So the company is aware of the problem and it even hired two private analysts to publish reports. (The reports are objective summaries of the facts, but paying analysts to give buy recommendations may have done more harm than good.)
The $250 million equity line of financing was only announced on April 13, just over a month ago, so this is still a new story. If the story is true, then, as a value play, it’s a no-brainer and there’s a good chance that this will be a multi-bagger in the near term.
But then again, it is possible that we might inadvertently be ignoring something important, so there’s also a chance it will be worth zero. The facts indicate otherwise, but that’s the risk you take with penny stocks.
heute noch zu .1$?
05/31/05 15:26:52 0.13 0.129 0.13 10000
05/31/05 15:26:53 0.13 0.129 0.135 0
05/31/05 15:27:07 0.13 0.13 0.135 0
05/31/05 15:30:44 0.13 0.125 0.135 0
05/31/05 15:30:44 0.13 0.125 0.135 40000
05/31/05 15:30:44 0.13 0.125 0.13 0
05/31/05 15:33:08 0.125 0.125 0.13 10000
05/31/05 15:33:24 0.125 0.125 0.13 200
05/31/05 15:34:03 0.13 0.125 0.13 7000
05/31/05 15:34:04 0.125 0.125 0.13 7000
05/31/05 15:34:05 0.125 0.125 0.13 500
05/31/05 15:34:07 0.13 0.125 0.13 3209
05/31/05 15:34:12 0.125 0.125 0.13 8500
05/31/05 15:34:25 0.125 0.125 0.13 200
05/31/05 15:34:33 0.125 0.125 0.127 0
05/31/05 15:35:27 0.125 0.125 0.13 0
05/31/05 15:37:03 0.125 0.122 0.13 0
05/31/05 15:37:19 0.125 0.122 0.125 0
05/31/05 15:37:24 0.122 0.122 0.125 10000
05/31/05 15:37:24 0.122 0.122 0.125 10000
05/31/05 15:37:41 0.122 0.125 0.125 0
05/31/05 15:37:43 0.122 0.12 0.125 0
05/31/05 15:37:47 0.122 0.12 0.122 0
05/31/05 15:38:23 0.122 0.12 0.125 0
05/31/05 15:38:48 0.125 0.12 0.125 8750
05/31/05 15:39:10 0.12 0.12 0.125 10000
05/31/05 15:39:34 0.12 0.12 0.125 5000
05/31/05 15:40:31 0.12 0.12 0.125 5000
05/31/05 15:42:13 0.12 0.12 0.125 5000
05/31/05 15:42:14 0.12 0.115 0.125 0
05/31/05 15:42:56 0.12 0.115 0.12 0
05/31/05 15:43:19 0.115 0.115 0.12 5000
05/31/05 15:44:03 0.115 0.115 0.12 5000
05/31/05 15:46:53 0.115 0.115 0.12 10000
05/31/05 15:48:05 0.12 0.115 0.12 780
05/31/05 15:48:06 0.12 0.115 0.12 1600
05/31/05 15:49:00 0.12 0.115 0.12 200
05/31/05 15:51:18 0.12 0.115 0.12 15000
05/31/05 15:52:05 0.12 0.115 0.12 4800
05/31/05 15:52:18 0.12 0.112 0.12 0
05/31/05 15:52:30 0.115 0.112 0.12 5000
05/31/05 15:52:39 0.112 0.112 0.12 25000
05/31/05 15:53:17 0.112 0.112 0.115 0
05/31/05 15:53:52 0.112 0.112 0.115 2000
05/31/05 15:54:21 0.115 0.112 0.115 3000
05/31/05 15:54:29 0.112 0.112 0.115 73000
05/31/05 15:54:30 0.112 0.11 0.115 0
05/31/05 16:06:24 0.11 0.11 0.115 21700
05/31/05 16:08:00 0.11 0.11 0.113 0
05/31/05 16:08:56 0.11 0.11 0.113 5000
05/31/05 16:10:05 0.11 0.11 0.112 0
05/31/05 16:10:28 0.11 0.11 0.112 10000
05/31/05 16:11:53 0.11 0.11 0.112 16700
05/31/05 16:11:54 0.11 0.11 0.112 5000
05/31/05 16:12:07 0.11 0.11 0.112 35000
05/31/05 16:12:15 0.11 0.11 0.112 8200
05/31/05 16:12:20 0.11 0.11 0.112 5000
05/31/05 16:12:23 0.11 0.11 0.112 10000
05/31/05 16:12:41 0.11 0.11 0.112 5000
05/31/05 16:12:43 0.11 0.105 0.112 0
05/31/05 16:12:43 0.11 0.105 0.11 0
05/31/05 16:15:14 0.105 0.105 0.11 30300
05/31/05 16:15:16 0.105 0.105 0.11 200
05/31/05 16:17:54 0.105 0.106 0.11 0
05/31/05 16:18:19 0.105 0.106 0.108 0
05/31/05 16:18:36 0.108 0.106 0.108 10000
05/31/05 16:18:54 0.106 0.106 0.108 10000
05/31/05 16:19:08 0.106 0.107 0.108 0
05/31/05 16:19:30 0.106 0.106 0.108 0
05/31/05 15:26:52 0.13 0.129 0.13 10000
05/31/05 15:26:53 0.13 0.129 0.135 0
05/31/05 15:27:07 0.13 0.13 0.135 0
05/31/05 15:30:44 0.13 0.125 0.135 0
05/31/05 15:30:44 0.13 0.125 0.135 40000
05/31/05 15:30:44 0.13 0.125 0.13 0
05/31/05 15:33:08 0.125 0.125 0.13 10000
05/31/05 15:33:24 0.125 0.125 0.13 200
05/31/05 15:34:03 0.13 0.125 0.13 7000
05/31/05 15:34:04 0.125 0.125 0.13 7000
05/31/05 15:34:05 0.125 0.125 0.13 500
05/31/05 15:34:07 0.13 0.125 0.13 3209
05/31/05 15:34:12 0.125 0.125 0.13 8500
05/31/05 15:34:25 0.125 0.125 0.13 200
05/31/05 15:34:33 0.125 0.125 0.127 0
05/31/05 15:35:27 0.125 0.125 0.13 0
05/31/05 15:37:03 0.125 0.122 0.13 0
05/31/05 15:37:19 0.125 0.122 0.125 0
05/31/05 15:37:24 0.122 0.122 0.125 10000
05/31/05 15:37:24 0.122 0.122 0.125 10000
05/31/05 15:37:41 0.122 0.125 0.125 0
05/31/05 15:37:43 0.122 0.12 0.125 0
05/31/05 15:37:47 0.122 0.12 0.122 0
05/31/05 15:38:23 0.122 0.12 0.125 0
05/31/05 15:38:48 0.125 0.12 0.125 8750
05/31/05 15:39:10 0.12 0.12 0.125 10000
05/31/05 15:39:34 0.12 0.12 0.125 5000
05/31/05 15:40:31 0.12 0.12 0.125 5000
05/31/05 15:42:13 0.12 0.12 0.125 5000
05/31/05 15:42:14 0.12 0.115 0.125 0
05/31/05 15:42:56 0.12 0.115 0.12 0
05/31/05 15:43:19 0.115 0.115 0.12 5000
05/31/05 15:44:03 0.115 0.115 0.12 5000
05/31/05 15:46:53 0.115 0.115 0.12 10000
05/31/05 15:48:05 0.12 0.115 0.12 780
05/31/05 15:48:06 0.12 0.115 0.12 1600
05/31/05 15:49:00 0.12 0.115 0.12 200
05/31/05 15:51:18 0.12 0.115 0.12 15000
05/31/05 15:52:05 0.12 0.115 0.12 4800
05/31/05 15:52:18 0.12 0.112 0.12 0
05/31/05 15:52:30 0.115 0.112 0.12 5000
05/31/05 15:52:39 0.112 0.112 0.12 25000
05/31/05 15:53:17 0.112 0.112 0.115 0
05/31/05 15:53:52 0.112 0.112 0.115 2000
05/31/05 15:54:21 0.115 0.112 0.115 3000
05/31/05 15:54:29 0.112 0.112 0.115 73000
05/31/05 15:54:30 0.112 0.11 0.115 0
05/31/05 16:06:24 0.11 0.11 0.115 21700
05/31/05 16:08:00 0.11 0.11 0.113 0
05/31/05 16:08:56 0.11 0.11 0.113 5000
05/31/05 16:10:05 0.11 0.11 0.112 0
05/31/05 16:10:28 0.11 0.11 0.112 10000
05/31/05 16:11:53 0.11 0.11 0.112 16700
05/31/05 16:11:54 0.11 0.11 0.112 5000
05/31/05 16:12:07 0.11 0.11 0.112 35000
05/31/05 16:12:15 0.11 0.11 0.112 8200
05/31/05 16:12:20 0.11 0.11 0.112 5000
05/31/05 16:12:23 0.11 0.11 0.112 10000
05/31/05 16:12:41 0.11 0.11 0.112 5000
05/31/05 16:12:43 0.11 0.105 0.112 0
05/31/05 16:12:43 0.11 0.105 0.11 0
05/31/05 16:15:14 0.105 0.105 0.11 30300
05/31/05 16:15:16 0.105 0.105 0.11 200
05/31/05 16:17:54 0.105 0.106 0.11 0
05/31/05 16:18:19 0.105 0.106 0.108 0
05/31/05 16:18:36 0.108 0.106 0.108 10000
05/31/05 16:18:54 0.106 0.106 0.108 10000
05/31/05 16:19:08 0.106 0.107 0.108 0
05/31/05 16:19:30 0.106 0.106 0.108 0
gibt es anzeichen dafür dass der `view hotel`-deal bald geclosed wird? sollte ja schon anfang über die bühne gehen!
paul
ps. wenn, dann geht´s up!
paul
ps. wenn, dann geht´s up!
zum schluss nochmal hochgezogen:
05/31/05 21:57:07 0.12 0.11 0.12 162310
05/31/05 21:57:19 0.12 0.11 0.12 37300
05/31/05 21:57:25 0.12 0.117 0.12 0
05/31/05 21:59:20 0.117 0.117 0.12 25000
05/31/05 21:59:46 0.12 0.117 0.12 100
05/31/05 21:57:07 0.12 0.11 0.12 162310
05/31/05 21:57:19 0.12 0.11 0.12 37300
05/31/05 21:57:25 0.12 0.117 0.12 0
05/31/05 21:59:20 0.117 0.117 0.12 25000
05/31/05 21:59:46 0.12 0.117 0.12 100
"has entered into negotiations and expects to enter into an agreement within the next 10 days to purchase additional property located approximately ten minutes from the Sheraton Falls View Hotel. The additional property includes an 18-hole, professional golf course designed by Reese Jones. Approvals are also in place for 350 condominium units as well as a 350-suite hotel facing the Wetland River."
hier noch eine pdf-karte davon
http://www.fallsview.com/PDF/NiagaraMap2004.pdf
paul
[posting]16.762.640 von Paul_Muadib am 01.06.05 08:52:52[/posting]Pender hat noch $100`000 in der Kasse und veranschlagt $8 Mio Betriebskosten pro Jahr. Die sind so gut wie Pleite, wenn keine Deals kommen (dann können die $250 Mio nicht gezogen werden), somit ist das alles bestenfalls Phantasie, jedenfalls bisher !
Hammer am 31.5., soll bullisch sein..
http://stockcharts.com/def/servlet/SC.web?c=PNDR,uu[w,a]dacl…
Charly
Hammer am 31.5., soll bullisch sein..
http://stockcharts.com/def/servlet/SC.web?c=PNDR,uu[w,a]dacl…
Charly
[posting]16.762.699 von Charly_2 am 01.06.05 09:00:40[/posting]Charly,
da hast du recht, ohne deals = ofen aus imho
das ist ja das schöne. die phantasie treibt häufig die kurse!
was bedeutet ein hammer für charties? habe mich mit charts nicht beschäftigt, weil ich sie für otc oder pinks für nicht aussagefähig halte.
paul
da hast du recht, ohne deals = ofen aus imho
das ist ja das schöne. die phantasie treibt häufig die kurse!
was bedeutet ein hammer für charties? habe mich mit charts nicht beschäftigt, weil ich sie für otc oder pinks für nicht aussagefähig halte.
paul
[posting]16.763.210 von Paul_Muadib am 01.06.05 09:47:53[/posting]Der Hammer ist ein Bodenumkehrsignal, der einer Baisse folgt. Dabei muss der Schatten die doppelte oder dreifache Länge des Körpers haben, was hier zutrifft.
Klar, ist nicht so aussagekräftig bei OTCs, aber aufmunternd
Klar, ist nicht so aussagekräftig bei OTCs, aber aufmunternd
danke!
jo das hat ja noch gut geklappt: zu .09 noch zum zug gekommen :-)
so los geht´s
paul
so los geht´s
paul
[posting]16.783.427 von Paul_Muadib am 02.06.05 20:58:37[/posting]Aufpassen, OTC-Aktien werden bis ATL 0.0001 gehandelt
[posting]16.784.210 von Charly_2 am 02.06.05 22:50:12[/posting]@charly_2
ich glaub das brauchst du mir nicht zu erzählen -> hardcore cmkxler! da geht´s sogar unter .0001 zumindest bei a-trade und e-trade bein kauf!!!! aber leider können wir hier in europa davon nicht profitieren!
paul
ich glaub das brauchst du mir nicht zu erzählen -> hardcore cmkxler! da geht´s sogar unter .0001 zumindest bei a-trade und e-trade bein kauf!!!! aber leider können wir hier in europa davon nicht profitieren!
paul
[posting]16.784.392 von Paul_Muadib am 02.06.05 23:32:41[/posting]dh. du meinst es sei der Boden gefunden, oder Absturz demnächst ?
StoppLoss Limite wo zu setzen ?
Charly
StoppLoss Limite wo zu setzen ?
Charly
Hallo Paul.
Sag bloß du steckst auch in Pender?
Gruß
Tom
Sag bloß du steckst auch in Pender?
Gruß
Tom
[posting]16.817.354 von TomSec am 06.06.05 16:25:00[/posting]Moin TomSec
bin offen für alles :-)
Paul
bin offen für alles :-)
Paul
*ggg* - könnte echt was werden vorausgesetzt Pender schafft einen deal.
[posting]16.817.500 von TomSec am 06.06.05 16:37:44[/posting]@ Tom
das erinnert doch ein wenig an cmkx: 50:50 hop oder top!
jep ein deal muss her
paul
das erinnert doch ein wenig an cmkx: 50:50 hop oder top!
jep ein deal muss her
paul
ich warte noch ein paar tage ab....bevor ich mich wieder positioniere
heute schön runter um die .08
bei .075 wird ausgebaut
bei .075 wird ausgebaut
Guten Tag meine Herren! Dieser Chart der Pndr ist mit einer Achterbahn zu vergleichen! Weiss nicht, was da mit dieser Firma passiert ist, aber dies sieht schon sehr schlimm aus! Hangt diese Firma an einem Faden oder ist der Kurs total übertrieben?
[posting]16.834.453 von carletti am 08.06.05 11:03:43[/posting]ich würde sagen die firma hängt an dem pending deal!
über nacht sind mir einige zweifel gekommen, ob ich um die .0075 ausbauen soll oder nicht -> im moment sieht es nach nicht aus.
meine mail an die ir-abteilung wurde auch noch nicht beantwortet, ist auch schon mitlerweile eine woche her.
wenns weiter so still ist wird pndr vermutlich noch weiter runtergezogen und man könnte bei .05 positionen aufbauen, obwohl vor dem letzten hype pendelte sie ja zwischen 7-8,5
schaun mer mal
paul
über nacht sind mir einige zweifel gekommen, ob ich um die .0075 ausbauen soll oder nicht -> im moment sieht es nach nicht aus.
meine mail an die ir-abteilung wurde auch noch nicht beantwortet, ist auch schon mitlerweile eine woche her.
wenns weiter so still ist wird pndr vermutlich noch weiter runtergezogen und man könnte bei .05 positionen aufbauen, obwohl vor dem letzten hype pendelte sie ja zwischen 7-8,5
schaun mer mal
paul
Meinst Du mit ir-abteilung, dass Du bei der Firma selbst angefragt hast? Spekulativ aber anhand dem Chart interessant!
[posting]16.835.665 von carletti am 08.06.05 12:40:07[/posting]jo, mit der mail aus der homepage -> keine antwort!
[posting]16.835.796 von Paul_Muadib am 08.06.05 12:52:19[/posting]jo, mit der mail aus der homepage -> keine antwort!
..darauf würde ich mich nicht abstützen, wenn die allen Anfragen antworten wollen müssten sie wohl das Personal aufstocken...
Charly
..darauf würde ich mich nicht abstützen, wenn die allen Anfragen antworten wollen müssten sie wohl das Personal aufstocken...
Charly
Falls Sie einen diesen Deal abwickeln, dann werden wir sicher die letzten sein, die es erfahren! Was machen die eigentlich? Immobilien kaufen oder in dieser Art! Ich habe noch etwas von einer Kreditline von UDS 250 Mio gelesen! Das sieht doch gut aus, aber da muss immer noch ein hacken sein, oder? Wenn DEAL bestätigt = 250 Mio!
Moin,
also mein bauchgefühl sagt mir: vorsicht!
nix zu hören, ein deal, der zu schön ist um wahr zu sein!
hatte mal die mptv (jetzt mptt) die wollten in las vegas ein vergleichbares projekt hochziehen -> angeblich war schon alles unter dach und fach, der deal liegt schon bei den lawyern usw usw -> der deal ist bis heute nicht abgeschlossen (ca. 3 jahre her!)
gut muss nic heissen, wollte nur zur vorsicht mahnen
paul
also mein bauchgefühl sagt mir: vorsicht!
nix zu hören, ein deal, der zu schön ist um wahr zu sein!
hatte mal die mptv (jetzt mptt) die wollten in las vegas ein vergleichbares projekt hochziehen -> angeblich war schon alles unter dach und fach, der deal liegt schon bei den lawyern usw usw -> der deal ist bis heute nicht abgeschlossen (ca. 3 jahre her!)
gut muss nic heissen, wollte nur zur vorsicht mahnen
paul
Motto des Tages...
After selling, shorting whatever
Staying at cash is better than ever
http://www.americanbulls.com/StockPage.asp?CompanyTicker=PND…
Charly
After selling, shorting whatever
Staying at cash is better than ever
http://www.americanbulls.com/StockPage.asp?CompanyTicker=PND…
Charly
http://www.trillionfinancial.com/
reinschauen, diese nummer wählen 905-882-9728 forwarden lassen zu Jeffery Wei und pndr aufstocken!
ist bei pndr mehr zu holen als nur ein zock?
reverse merger mit trillionen?
alles nur speku, es scheint aber mehr hinter pndr zu stecken, als ich am anfang dachte
paul
reinschauen, diese nummer wählen 905-882-9728 forwarden lassen zu Jeffery Wei und pndr aufstocken!
ist bei pndr mehr zu holen als nur ein zock?
reverse merger mit trillionen?
alles nur speku, es scheint aber mehr hinter pndr zu stecken, als ich am anfang dachte
paul
was denkst du wo wird sich die Aktie hinbewegen?
[posting]16.887.465 von Paul_Muadib am 14.06.05 17:03:17[/posting]Tja, wenn`s dann anläuft werden wir rausgedrängt und zu 0.10/ Aktie abgegolten...
Ich denke diese Trillion-Manager können es sich nicht leisten Pender in den Sand zu setzen (samt den angekündigten Projekten), sondern werden demnächst ihre Karten aufdecken müssen...
Charly
Ich denke diese Trillion-Manager können es sich nicht leisten Pender in den Sand zu setzen (samt den angekündigten Projekten), sondern werden demnächst ihre Karten aufdecken müssen...
Charly
Na und - hier ist ja nichts mehr los - noch stiller als die PNDR-Aktie, die säuft gerade ab, oder ist das der kommende Ausbruch....
Charly
Charly
wir warten alle auf den grossen Deal? Abwarten ist angesagt.
[posting]16.964.083 von 360 am 22.06.05 22:00:31[/posting]..die da wären
-view hotel niagara falls
-Golfanlage dazu
-Landreserven dazu
-Goldmine Armistice
Ja, der 250 Mio US$ Kredit will endlich gezogen werden, für die 5 Investoren (je 12,5 Mio Aktien zu $4 gibts als Gegenwert) gibt`s dann jedenfalls grossen Zahltag, wenn die Aktie bis im 2008 bei $6 steht, dann klimperts bei denen in der Kasse - und bei uns hoffentlich auch...oder etwa doch nicht ?
Charly
-view hotel niagara falls
-Golfanlage dazu
-Landreserven dazu
-Goldmine Armistice
Ja, der 250 Mio US$ Kredit will endlich gezogen werden, für die 5 Investoren (je 12,5 Mio Aktien zu $4 gibts als Gegenwert) gibt`s dann jedenfalls grossen Zahltag, wenn die Aktie bis im 2008 bei $6 steht, dann klimperts bei denen in der Kasse - und bei uns hoffentlich auch...oder etwa doch nicht ?
Charly
wie ist eigentlich der aktuelle Stand, wann können wir mit weiteren News rechnen?
..ich denke vor den nächsten Quartals-Zahlen (wer weiss wann die kommen?), wenn dann die Aktien noch was wert sind - was zu hoffen ist, denn OTC-Werte werden bis 0.0001 gehandelt
Charly
Charly
nur nicht aufgeben - ehrlich gesagt braucht es aber sehr viel Nerven und vorallem Geduld. Ich weiss nicht wann die Zahlen kommen, wichtiger wären News über die geplanten Vorhaben.
..ich denke die Vorhaben sinhd durch, nur sagen wollen sie`s noch nicht
http://www.hotelinteractive.com/index.asp?page_id=5000&artic…
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…
Auszug:
Subsequent to the period covered by this report, our property development subsidiary has been in negotiations to acquire and develop a hotel and conference centre in Niagara Falls, Canada. Funding for this project is anticipated to be in the hundreds of millions. It should be noted that funding for this Niagara Falls project has not been factored into this report on the Company`s twelve-month plan of operation as a concrete figure cannot be determined until the deal is consummated. In the event that an agreement is consummated, our cash flow requirement would change dramatically.
http://biz.yahoo.com/bw/050401/15097.html?.v=1
Charly
http://www.hotelinteractive.com/index.asp?page_id=5000&artic…
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…
Auszug:
Subsequent to the period covered by this report, our property development subsidiary has been in negotiations to acquire and develop a hotel and conference centre in Niagara Falls, Canada. Funding for this project is anticipated to be in the hundreds of millions. It should be noted that funding for this Niagara Falls project has not been factored into this report on the Company`s twelve-month plan of operation as a concrete figure cannot be determined until the deal is consummated. In the event that an agreement is consummated, our cash flow requirement would change dramatically.
http://biz.yahoo.com/bw/050401/15097.html?.v=1
Charly
was denkst du was da im Hintergrund abgeht? Du meinst, allem Anschein sind die schon viel weiter als wir denken?
06/27/05 21:13:27 0.085 0.081 0.09 15100
06/27/05 21:13:27 0.085 0.081 0.09 5000
06/27/05 21:17:30 0.085 0.082 0.09 0
06/27/05 21:19:22 0.09 0.082 0.09 3800
06/27/05 21:49:14 0.09 0.081 0.09 0
06/27/05 21:49:22 0.09 0.081 0.082 0
kümmt da was?
06/27/05 21:13:27 0.085 0.081 0.09 5000
06/27/05 21:17:30 0.085 0.082 0.09 0
06/27/05 21:19:22 0.09 0.082 0.09 3800
06/27/05 21:49:14 0.09 0.081 0.09 0
06/27/05 21:49:22 0.09 0.081 0.082 0
kümmt da was?
..ich würde mal wagen zu sagen dass die Bullen kommen, falls nicht morgen dann übermorgen..
..strong hold oder so was
PS: Habe meine Stücke jedenfalls noch !
Charly
..strong hold oder so was
PS: Habe meine Stücke jedenfalls noch !
Charly
heute in der spitze +50%
meinetwegen kann es so weitergehen
nicht vergessen gewinne mit zu nehmen!
weiterhin skeptisch optimistisch gestimmt, obwohl ich bei solch einen estate deal mit mptv/mptt auf die nase gefallen bin
hatte die gleichen anzeichen: grandiose news und dann kam lange zeit nix...
paul
meinetwegen kann es so weitergehen
nicht vergessen gewinne mit zu nehmen!
weiterhin skeptisch optimistisch gestimmt, obwohl ich bei solch einen estate deal mit mptv/mptt auf die nase gefallen bin
hatte die gleichen anzeichen: grandiose news und dann kam lange zeit nix...
paul
[posting]17.015.263 von Paul_Muadib am 27.06.05 22:57:28[/posting]Der Deal ist eher schon geplatzt, denn der hätte per anfangs Mai gemeldet werden sollen, oder dann Verzögerung aber wieso wohl....
Charly
Charly
Reorganisation mit Verkauf der Goldmine - starker Tabak - Kreditlinie von $250 Mio war wohl eine Luftblase!!
http://www.marketwatch.com/tools/quotes/newsarticle.asp?guid…
Reverse-Splitt ab heute, Symbol VTGL.OB
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/30/2005&m…
http://finance.yahoo.com/q?s=VTGL.OB
Charly
http://www.marketwatch.com/tools/quotes/newsarticle.asp?guid…
Reverse-Splitt ab heute, Symbol VTGL.OB
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/30/2005&m…
http://finance.yahoo.com/q?s=VTGL.OB
Charly
+ merger!
VIANET Technology Group, Ltd. Announces Agreement to Merge with VIANET Direct, Inc.
July 01, 2005 09:00:05 (ET)
NEW YORK, Jul 01, 2005 (BUSINESS WIRE) -- VIANET Technology Group, Ltd. (VTGL, Trade) announced today that it had reached a definitive agreement whereby its wholly-owned subsidiary, VIANET Acquisition Corp., will undertake a merger with VIANET Direct, Inc. The closing of the transaction will take place upon receipt of approval by the appropriate regulatory authorities.
VIANET Direct, Inc. (www.vianetdirect.com) is a real-time, virtual, interactive and anonymous trading system for all equities. VIANET provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity: the "point of sale" on the New York Stock Exchange (NYSE). A block trading system, VIANET provides for unique direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity.
VIANET Technology Group, Ltd., formerly Pender International, Inc., previously announced its sale of its wholly-owned subsidiaries Montebello Developments Corp. and IMM Investments, Inc.
Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company. Forward-looking statements involve risks and uncertainties; there can be no assurance that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE: VIANET Technology Group, Ltd.
VIANET Technology Group, Ltd. Announces Agreement to Merge with VIANET Direct, Inc.
July 01, 2005 09:00:05 (ET)
NEW YORK, Jul 01, 2005 (BUSINESS WIRE) -- VIANET Technology Group, Ltd. (VTGL, Trade) announced today that it had reached a definitive agreement whereby its wholly-owned subsidiary, VIANET Acquisition Corp., will undertake a merger with VIANET Direct, Inc. The closing of the transaction will take place upon receipt of approval by the appropriate regulatory authorities.
VIANET Direct, Inc. (www.vianetdirect.com) is a real-time, virtual, interactive and anonymous trading system for all equities. VIANET provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity: the "point of sale" on the New York Stock Exchange (NYSE). A block trading system, VIANET provides for unique direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity.
VIANET Technology Group, Ltd., formerly Pender International, Inc., previously announced its sale of its wholly-owned subsidiaries Montebello Developments Corp. and IMM Investments, Inc.
Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company. Forward-looking statements involve risks and uncertainties; there can be no assurance that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
SOURCE: VIANET Technology Group, Ltd.
erstaunlicherweise kein absturz nachdem r/s
aktuell +.05 bei .75 vol 98,2k
mal schauen
paul
aktuell +.05 bei .75 vol 98,2k
mal schauen
paul
..diese Aktie wird noch abgehen wie eine Rakete, der Free Float ist ja nur noch 3 Mio Aktien...
Charly
Charly
echt erstaunlich:
Bid 0.8
Ask 0.85
nun ein r/s ist in den meisten fällen der todesstoß!
vieleicht habne wir die 1% erwischt wo es gut geht?
die merger company ist ja nun nicht wirklich eine klitsche, aber wir werden sehen!
http://www.vianettrading.com/
vieleicht kann hier ein paar bugs machen
bei dem float ist viel möglich.
paul
Bid 0.8
Ask 0.85
nun ein r/s ist in den meisten fällen der todesstoß!
vieleicht habne wir die 1% erwischt wo es gut geht?
die merger company ist ja nun nicht wirklich eine klitsche, aber wir werden sehen!
http://www.vianettrading.com/
vieleicht kann hier ein paar bugs machen
bei dem float ist viel möglich.
paul
[posting]17.105.425 von Paul_Muadib am 01.07.05 20:21:00[/posting]ask jetzt bei .90
habe heute aber leider kein realtime
habe heute aber leider kein realtime
VIANET Direct scheint eine private Firma zu sein, die mit dem Merger und R/S public wird, Symbol VTGL - guter Deal der da eingefädelt wurde.
http://www.vianettrading.com/
Charly
http://www.vianettrading.com/
Charly
ja ist es denn die posibility?
Exchange Quote
Last Change (%) Trade Time Bid (size) Ask (size)
1 0.30 (42.86) 16:00 0.95 (25) 1.01 (5)
Latest Ticks Prev Close Open Low High
++=+ 0.70 0.40 0.40 1
Exchange Quote
Last Change (%) Trade Time Bid (size) Ask (size)
1 0.30 (42.86) 16:00 0.95 (25) 1.01 (5)
Latest Ticks Prev Close Open Low High
++=+ 0.70 0.40 0.40 1
[posting]17.106.746 von Paul_Muadib am 01.07.05 22:21:45[/posting]oh man sieht ja nischt
wir haben heute nach einem r/s mit +0.30 (+42.86%) geschlossen!
letzter kurs war genau 1$!
vol = 179k
bid= .95
ask= 1.01
sowas hatte ich nochnie nach einem r/s gesehen
float 3 mio
mal sehen was am dienstag passiert
paul
wir haben heute nach einem r/s mit +0.30 (+42.86%) geschlossen!
letzter kurs war genau 1$!
vol = 179k
bid= .95
ask= 1.01
sowas hatte ich nochnie nach einem r/s gesehen
float 3 mio
mal sehen was am dienstag passiert
paul
Wer am Dienstag rein will zahlt $1.20, eine Hammer-PR und wir stehen bei $4 - liegt absolut drin bei dem tiefen Float von 3 Mio Aktien.
Charly
Charly
was heisst denn r/s eigentlich genau
[posting]17.107.005 von 360 am 01.07.05 22:48:56[/posting]r/S = Reverse-Splitt - in diesem Fall 10:1, dh. für 10 alte Aktien gibt`s 1 neue Aktien, also für 40`000 nach r/s noch 4`000, einfach mit dem 10-fach höheren Aktienkurs, somit ist ein r/s in der Regel für den Anleger neutral.
Charly
Charly
thanks a lot. und weshalb nimmt man bei r/s an, dass der Kurs normalerweise fällt wie ein User schreibt?
[posting]17.107.304 von 360 am 01.07.05 23:21:38[/posting]weil vorher das management die hölle aus solchen stocks dilutet hat!
a/s =500
o/s war mal z.b 50 mio dann pro quartal wurde esständig mehr bis 500 erreicht oder kurz vorher
alles mit news aufgebläht, damit noch irgendwer de nschrott kauft!
dann r/s und umbenennung, ein neuer businessplann und das spiel geht von vorne los!
so mal kurz gesagt
deshalb alles nur ein spiel am otc, man muss versuchen das spiel zu spielen und rechtzeitig seine gewinne mitnehmen!
paul
a/s =500
o/s war mal z.b 50 mio dann pro quartal wurde esständig mehr bis 500 erreicht oder kurz vorher
alles mit news aufgebläht, damit noch irgendwer de nschrott kauft!
dann r/s und umbenennung, ein neuer businessplann und das spiel geht von vorne los!
so mal kurz gesagt
deshalb alles nur ein spiel am otc, man muss versuchen das spiel zu spielen und rechtzeitig seine gewinne mitnehmen!
paul
[posting]17.107.386 von Paul_Muadib am 01.07.05 23:33:01[/posting]..nächstes Kursziel - 1.50 oder 0.50 ?
Charly
Charly
Meine Spekulation:
Will das Pender-Mgmt mit
http://www.vianettrading.com/
weiterkommen, so sind sie im falschen Segment, denn um die Tradingplattform zu pushen braucht es Kohle und Image und von der OTC her läuft da wenig, also wird das Zielsegment die Nasdaq oder ev. auch AMEX sein, das wird den Kurs weiter beflügeln.
Charly
Will das Pender-Mgmt mit
http://www.vianettrading.com/
weiterkommen, so sind sie im falschen Segment, denn um die Tradingplattform zu pushen braucht es Kohle und Image und von der OTC her läuft da wenig, also wird das Zielsegment die Nasdaq oder ev. auch AMEX sein, das wird den Kurs weiter beflügeln.
Charly
Hab da mal ne Frage? Wer von euch hat die neuen Aktien schon eingebucht bekommen? Bin bei Consors und hab sie jedenfalls noch nicht.
Nero
Nero
@ all: hab` sie schon eingebucht bekommen (direktbank.at)Servus
@alle
wie ist der Quartalsbericht von Pender jetzt zu bewerten?!
http://finance.yahoo.com/q/is?s=vtgl.ob
eigentlich ist es ja von Quartal zu Quartal besser geworden! Oder interpretiere ich da was falsch.
Nero
wie ist der Quartalsbericht von Pender jetzt zu bewerten?!
http://finance.yahoo.com/q/is?s=vtgl.ob
eigentlich ist es ja von Quartal zu Quartal besser geworden! Oder interpretiere ich da was falsch.
Nero
news out!
Press Release Source: VIANET Direct Inc.; VIANET Technology Group Limited
VIANET Direct, Inc. Announces Preliminary Agreement to Merge With VIANET Technology Group Limited
Thursday July 7, 11:21 am ET
NEW YORK, July 7, 2005 (PRIMEZONE) -- VIANET Direct, Inc. has reached a preliminary agreement with VIANET Technology Group Limited (OTC BB:VTGL.OB - News) pursuant to which the parties anticipate that VIANET Acquisition Corp., a newly formed subsidiary of VIANET Technology Group Limited, will merge with and into VIANET Direct, with VIANET Direct as the surviving corporation. The parties anticipate that VIANET Technology Group Limited will issue an aggregate of approximately 21,000,000 shares of its common stock on a fully diluted basis to the holders of VIANET Direct`s issued and outstanding common stock, warrants and stock options. Subsequent to the merger, VIANET Direct anticipates that its stockholders on the closing date will own approximately 78% of the common stock of VIANET Technology Group Limited on a fully diluted basis.
The consummation of the merger is subject to standard closing conditions including:
-- execution of a definitive merger agreement that is approved by
each corporation`s board of directors;
-- approval of the definitive merger agreement and the merger by
the stockholders of each corporation;
-- receipt of all permits, authorizations, regulatory approvals
and third party consents (including, but not limited to, NASD
approval of the transaction) necessary for the consummation of
the merger;
-- satisfaction of all applicable legal requirements, including
compliance with all applicable federal and state securities laws;
-- resignation of all of VIANET Technology Group Limited`s present
officers and directors, who shall be replaced by officers and
directors selected by VIANET Direct; and
-- the merger must qualify as a tax-free transaction to each of
VIANET Technology Group Limited, VIANET Direct and VIANET
Direct`s stockholders.
In addition, VIANET Technology Group Limited has agreed that, as of the closing date of the merger, it:
-- shall not have any debts or liabilities, contingent or otherwise;
-- shall have no more than 5,960,000 issued and outstanding shares
of common stock;
-- shall have valid collectible accounts receivable, notes receivable
or cash of at least $3.25 million.
ADVERTISEMENT
As the agreement between the parties is a preliminary agreement subject to the conditions set forth above, and the parties have not completed their due diligence review of each other, there can be no assurance that the parties will consummate the merger according to the terms set forth above or that the parties will consummate the merger.
VIANET Direct, Inc. is a real time, virtual, interactive and anonymous block trading system for all types of equity securities. VIANET Direct, Inc. provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity, the exchanges on which the securities are traded. A block trading system, VIANET Direct, Inc. provides for direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity in the marketplace.
VIANET Technology Group Limited, formerly Pender International, Inc., previously announced the sale of its wholly-owned subsidiaries Montebello Developments Corp. and IMM Investments, Inc.
The release can also be viewed at http://www.pressreleasenetwork.com/newsroom.
Contact:
VIANET Direct, Inc.
James Wilent, CEO / President
212-837-7701
Jwilent@vianetdirect.com
Press Release Source: VIANET Direct Inc.; VIANET Technology Group Limited
VIANET Direct, Inc. Announces Preliminary Agreement to Merge With VIANET Technology Group Limited
Thursday July 7, 11:21 am ET
NEW YORK, July 7, 2005 (PRIMEZONE) -- VIANET Direct, Inc. has reached a preliminary agreement with VIANET Technology Group Limited (OTC BB:VTGL.OB - News) pursuant to which the parties anticipate that VIANET Acquisition Corp., a newly formed subsidiary of VIANET Technology Group Limited, will merge with and into VIANET Direct, with VIANET Direct as the surviving corporation. The parties anticipate that VIANET Technology Group Limited will issue an aggregate of approximately 21,000,000 shares of its common stock on a fully diluted basis to the holders of VIANET Direct`s issued and outstanding common stock, warrants and stock options. Subsequent to the merger, VIANET Direct anticipates that its stockholders on the closing date will own approximately 78% of the common stock of VIANET Technology Group Limited on a fully diluted basis.
The consummation of the merger is subject to standard closing conditions including:
-- execution of a definitive merger agreement that is approved by
each corporation`s board of directors;
-- approval of the definitive merger agreement and the merger by
the stockholders of each corporation;
-- receipt of all permits, authorizations, regulatory approvals
and third party consents (including, but not limited to, NASD
approval of the transaction) necessary for the consummation of
the merger;
-- satisfaction of all applicable legal requirements, including
compliance with all applicable federal and state securities laws;
-- resignation of all of VIANET Technology Group Limited`s present
officers and directors, who shall be replaced by officers and
directors selected by VIANET Direct; and
-- the merger must qualify as a tax-free transaction to each of
VIANET Technology Group Limited, VIANET Direct and VIANET
Direct`s stockholders.
In addition, VIANET Technology Group Limited has agreed that, as of the closing date of the merger, it:
-- shall not have any debts or liabilities, contingent or otherwise;
-- shall have no more than 5,960,000 issued and outstanding shares
of common stock;
-- shall have valid collectible accounts receivable, notes receivable
or cash of at least $3.25 million.
ADVERTISEMENT
As the agreement between the parties is a preliminary agreement subject to the conditions set forth above, and the parties have not completed their due diligence review of each other, there can be no assurance that the parties will consummate the merger according to the terms set forth above or that the parties will consummate the merger.
VIANET Direct, Inc. is a real time, virtual, interactive and anonymous block trading system for all types of equity securities. VIANET Direct, Inc. provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity, the exchanges on which the securities are traded. A block trading system, VIANET Direct, Inc. provides for direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity in the marketplace.
VIANET Technology Group Limited, formerly Pender International, Inc., previously announced the sale of its wholly-owned subsidiaries Montebello Developments Corp. and IMM Investments, Inc.
The release can also be viewed at http://www.pressreleasenetwork.com/newsroom.
Contact:
VIANET Direct, Inc.
James Wilent, CEO / President
212-837-7701
Jwilent@vianetdirect.com
Hab noch immer keine Aktien bekommen. Scheiß C......
Nero
Nero
[posting]17.165.170 von Nero_001 am 07.07.05 13:03:36[/posting]wie ist der Quartalsbericht von Pender jetzt zu bewerten?!
Der Quartalsbericht von Pender ist Makulatur, massgebend ist die Zukunft - vorweg natürlich der Merger mit Vianet, Form 8K-Meldung hier:
http://biz.yahoo.com/e/050707/vtgl.ob8-k.html
Was allerdings kursmässig daraus wird, ist vorerst reine Spekulation, zudem kommen bald noch 21,000,000 shares auf den Markt.
The Registrant anticipates that it will issue an aggregate of approximately 21,000,000 shares of its common stock on a fully diluted basis to the holders of VIANET Direct`s issued and outstanding common stock, warrants and stock options. Subsequent to the merger, the Registrant anticipates that its stockholders will own approximately 22% of the common stock on a fully diluted basis.
..aber dies ist sehr positiv:
In addition, the Registrant has agreed that, as of the closing date of the merger, it:
Es gibt aber keine Versicherung, dass der Merger auch tatsächlich zustande kommt, denn alle Parteien müssen zustimmen !
Charly
Der Quartalsbericht von Pender ist Makulatur, massgebend ist die Zukunft - vorweg natürlich der Merger mit Vianet, Form 8K-Meldung hier:
http://biz.yahoo.com/e/050707/vtgl.ob8-k.html
Was allerdings kursmässig daraus wird, ist vorerst reine Spekulation, zudem kommen bald noch 21,000,000 shares auf den Markt.
The Registrant anticipates that it will issue an aggregate of approximately 21,000,000 shares of its common stock on a fully diluted basis to the holders of VIANET Direct`s issued and outstanding common stock, warrants and stock options. Subsequent to the merger, the Registrant anticipates that its stockholders will own approximately 22% of the common stock on a fully diluted basis.
..aber dies ist sehr positiv:
In addition, the Registrant has agreed that, as of the closing date of the merger, it:
Es gibt aber keine Versicherung, dass der Merger auch tatsächlich zustande kommt, denn alle Parteien müssen zustimmen !
Charly
[posting]17.176.405 von Charly_2 am 08.07.05 09:05:18[/posting]@charly.
die frage ist, ob die 21 mio restricted sind oder nicht, wenn ich es richtig vrstehe bekommen die vianet-(shareholde)-insider die 21 mio.
nach meiner erfahrung sind solche dann nach rule 144 für insider 2 jahre gesperrt!
aber lassen wir uns überraschen
btw insgesamt 26 mio draussen, sollte es so sein, ist für otc-verhältnisse ja gerade zu paradiesisch!
paul
die frage ist, ob die 21 mio restricted sind oder nicht, wenn ich es richtig vrstehe bekommen die vianet-(shareholde)-insider die 21 mio.
nach meiner erfahrung sind solche dann nach rule 144 für insider 2 jahre gesperrt!
aber lassen wir uns überraschen
btw insgesamt 26 mio draussen, sollte es so sein, ist für otc-verhältnisse ja gerade zu paradiesisch!
paul
@ alle cortalisti
meine vianet sind eingebucht!
paul
meine vianet sind eingebucht!
paul
[posting]17.183.229 von Paul_Muadib am 08.07.05 15:25:19[/posting]Habe meine schon am Montag eingebucht bekommen, leider ist eine Null dabei verloren gegangen
Also mit den 21 Mio restricted, das könnte hinhauen.
Ist immer noch besser als bei USCI, dort waren es glaube ich 400 Mrd. Aktien... keine Kunst denn die Aktie ist nach dem letzten Handel zu 0.0001 mittlerweile nicht mehr gehandelt...
Die Frage ist einfach, wieviel ist VTGL wert nach dem Merger ?
Charly
Also mit den 21 Mio restricted, das könnte hinhauen.
Ist immer noch besser als bei USCI, dort waren es glaube ich 400 Mrd. Aktien... keine Kunst denn die Aktie ist nach dem letzten Handel zu 0.0001 mittlerweile nicht mehr gehandelt...
Die Frage ist einfach, wieviel ist VTGL wert nach dem Merger ?
Charly
[posting]17.185.828 von Charly_2 am 08.07.05 18:25:43[/posting]charly,
das kann ich schlagen: cmkx 703 mrd o/s!!!!
paul
das kann ich schlagen: cmkx 703 mrd o/s!!!!
paul
Merger mit Vianet Direct ging wohl voll in die Hose, fragt sich wie`s weitergeht, zurück zu Pender oder Auszahlung an Aktionäre, oder what ?
..oder ist diese Meldung ein Fake, um missliebige Klein-Aktionäre abzuschütteln ?
Charly
Goto vianetdirect.com and click on news.
PRESS RELEASE
VIANET Direct, Inc. Announces Merger With Vianet Technology Group Limited Will Not Be Effected
NEW YORK, New York – July 15, 2005 - VIANET Direct, Inc. and VIANET Technology Group Limited (“VTGL”) (OTCBB: VTGL.OB) have agreed to not go forward regarding a preliminary merger agreement between the parties that had been announced by VTGL on July 1, 2005 and elaborated upon by VIANET Direct on July 7, 2005. In the latter release, VIANET Direct had disclosed that the agreement between the parties was preliminary and subject to a number of conditions, and that because “the parties have not completed their due diligence review of each other, there can be no assurance that the parties will consummate the merger according to the terms set forth above or that the parties will consummate the merger.” In connection with the mutual decision by the parties to not complete the merger, VIANET Direct has requested that VTGL promptly cease and desist using the name “VIANET” in its company name.
VIANET Direct is a real time, virtual, interactive and anonymous block trading system for all types of equity securities. VIANET Direct provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity, the exchanges on which the securities are traded. A block trading system, VIANET Direct provides for direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity in the marketplace.
..oder ist diese Meldung ein Fake, um missliebige Klein-Aktionäre abzuschütteln ?
Charly
Goto vianetdirect.com and click on news.
PRESS RELEASE
VIANET Direct, Inc. Announces Merger With Vianet Technology Group Limited Will Not Be Effected
NEW YORK, New York – July 15, 2005 - VIANET Direct, Inc. and VIANET Technology Group Limited (“VTGL”) (OTCBB: VTGL.OB) have agreed to not go forward regarding a preliminary merger agreement between the parties that had been announced by VTGL on July 1, 2005 and elaborated upon by VIANET Direct on July 7, 2005. In the latter release, VIANET Direct had disclosed that the agreement between the parties was preliminary and subject to a number of conditions, and that because “the parties have not completed their due diligence review of each other, there can be no assurance that the parties will consummate the merger according to the terms set forth above or that the parties will consummate the merger.” In connection with the mutual decision by the parties to not complete the merger, VIANET Direct has requested that VTGL promptly cease and desist using the name “VIANET” in its company name.
VIANET Direct is a real time, virtual, interactive and anonymous block trading system for all types of equity securities. VIANET Direct provides an electronic platform in which institutions and financial intermediaries are directly linked to the largest pool of liquidity, the exchanges on which the securities are traded. A block trading system, VIANET Direct provides for direct access, continuous order matching, timed crossing sessions, initiation of auctions and the ability to electronically search for hidden liquidity in the marketplace.
Wie ist das ganze jezt zu bewerten?
http://www.otcbb.com/asp/Info_Center.asp
TradeStream Global Corp. Announces Preliminary Agreement to Acquire TradeStream Global AG
DALLAS, July 27, 2005 (PRIMEZONE) -- TradeStream Global Corp. (formerly Vianet Technology Group Limited) (the "Company") (OTCBB:TGLC) announces that it has reached a preliminary agreement to acquire TradeStream Global AG, a technology software provider to the investment community. As part of this agreement, the Company has changed its name to TradeStream Global Corp. effective immediately.
Upon the closing of the transaction, which is expected to be completed within sixty days, the Company will issue 10 million shares of Common Stock and 1 million Shares of Preferred Stock in exchange for 100% of the capital stock of TradeStream Global AG. The transaction will be subject to execution of a definitive share exchange agreement, approval of the respective Boards of Directors, and approval by shareholders of the Company.
Begun in 1998, TradeStream Global AG is an evolution of advanced proprietary technology developed over the last seven years as an independent, broker-neutral, technology software provider of trading solutions to the Hedge Fund, Investment and Asset Management, Broker, and Professional Day Trader community. With sales presence across the U.S., London, and Tokyo, TradeStream Global`s products are actively being used by 450 users across 30 client firms.
TradeStream Global has developed a suite of order and execution management systems, which provide the ability to trade multiple instruments, across multiple global exchanges, in multiple currencies and languages, complemented by decision support, fully-automated trading, analytics, compliance & risk management.
TradeStream Global`s product suite is fix-compliant, and has been developed upon a common underlying architecture, which enables single certification across the entire range. Strengthened by its modular architecture, and rigorous project management and support discipline, TradeStream Global is able to provide customized solutions to its client base in an efficient and timely manner.
By leveraging off of its newly formed advisory board, which draws in experience and strategic direction from top representatives of the buy side community, TradeStream Global is harnessing a consultancy orientation to redefine its clients` work flow needs, and associated cost initiatives, to fast become a platform provider of choice.
TradeStream Global manages its platform via an ASP model, and provides its clients secure electronic trading and order routing via the Internet, VPN or Leased lines. Clients execute through participating brokers on exchanges, ECNs, ATSs or directly with multiple market making counterparties. Customers can give-up transactions to the prime or clearing brokers of their choice.
Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbour created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
CONTACT: TradeStream Global Corp.
John Logan
Email: jlogan@tradestreamglobal.com
Tel: +1 214 265 6585
http://www.otcbb.com/asp/Info_Center.asp
TradeStream Global Corp. Announces Preliminary Agreement to Acquire TradeStream Global AG
DALLAS, July 27, 2005 (PRIMEZONE) -- TradeStream Global Corp. (formerly Vianet Technology Group Limited) (the "Company") (OTCBB:TGLC) announces that it has reached a preliminary agreement to acquire TradeStream Global AG, a technology software provider to the investment community. As part of this agreement, the Company has changed its name to TradeStream Global Corp. effective immediately.
Upon the closing of the transaction, which is expected to be completed within sixty days, the Company will issue 10 million shares of Common Stock and 1 million Shares of Preferred Stock in exchange for 100% of the capital stock of TradeStream Global AG. The transaction will be subject to execution of a definitive share exchange agreement, approval of the respective Boards of Directors, and approval by shareholders of the Company.
Begun in 1998, TradeStream Global AG is an evolution of advanced proprietary technology developed over the last seven years as an independent, broker-neutral, technology software provider of trading solutions to the Hedge Fund, Investment and Asset Management, Broker, and Professional Day Trader community. With sales presence across the U.S., London, and Tokyo, TradeStream Global`s products are actively being used by 450 users across 30 client firms.
TradeStream Global has developed a suite of order and execution management systems, which provide the ability to trade multiple instruments, across multiple global exchanges, in multiple currencies and languages, complemented by decision support, fully-automated trading, analytics, compliance & risk management.
TradeStream Global`s product suite is fix-compliant, and has been developed upon a common underlying architecture, which enables single certification across the entire range. Strengthened by its modular architecture, and rigorous project management and support discipline, TradeStream Global is able to provide customized solutions to its client base in an efficient and timely manner.
By leveraging off of its newly formed advisory board, which draws in experience and strategic direction from top representatives of the buy side community, TradeStream Global is harnessing a consultancy orientation to redefine its clients` work flow needs, and associated cost initiatives, to fast become a platform provider of choice.
TradeStream Global manages its platform via an ASP model, and provides its clients secure electronic trading and order routing via the Internet, VPN or Leased lines. Clients execute through participating brokers on exchanges, ECNs, ATSs or directly with multiple market making counterparties. Customers can give-up transactions to the prime or clearing brokers of their choice.
Certain statements in this press release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbour created by those rules, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
CONTACT: TradeStream Global Corp.
John Logan
Email: jlogan@tradestreamglobal.com
Tel: +1 214 265 6585
Aktie knallt durch +57% auf $0.66
=> News: aus VTGL wird TGLC !
Charly
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3590…
Item 1.02 - TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
As previously reported by Tradestream Global Corp. (formerly Vianet Technology Group Limited) ("Registrant") through news releases on July 1, 2005 and July 7, 2005, and a Current Report on Form 8K filed on July 7, 2005, the Registrant had entered into an agreement of merger with Vianet Direct, Inc., with the transaction being subject to the execution and approval of a definitive merger agreement as well as certain closing conditions and due diligence requirements.
As the Registrant and Vianet Direct, Inc. were not able to agree upon the definitive terms and conditions of the merger or the due diligence procedures, the Board of Directors of the Registrant, at a Special Meeting held on July 22, 2005, formally approved the decision by Management of the Registrant to terminate such merger negotiations with Vianet Direct, Inc., and the Registrant is currently proceeding with negotiations with other prospective merger or acquisition candidates.
ITEM 5.03 - AMENDMENTS TO ARTICLES OF INCORPORATION OR BY-LAWS
The Registrant has amended its Certificate of Incorporation to change its name to Tradestream Global Corp. effective immediately. The Registrant`s new OTC trading symbol as of Thursday, July 28, 2005 is "TGLC".
=> News: aus VTGL wird TGLC !
Charly
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3590…
Item 1.02 - TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
As previously reported by Tradestream Global Corp. (formerly Vianet Technology Group Limited) ("Registrant") through news releases on July 1, 2005 and July 7, 2005, and a Current Report on Form 8K filed on July 7, 2005, the Registrant had entered into an agreement of merger with Vianet Direct, Inc., with the transaction being subject to the execution and approval of a definitive merger agreement as well as certain closing conditions and due diligence requirements.
As the Registrant and Vianet Direct, Inc. were not able to agree upon the definitive terms and conditions of the merger or the due diligence procedures, the Board of Directors of the Registrant, at a Special Meeting held on July 22, 2005, formally approved the decision by Management of the Registrant to terminate such merger negotiations with Vianet Direct, Inc., and the Registrant is currently proceeding with negotiations with other prospective merger or acquisition candidates.
ITEM 5.03 - AMENDMENTS TO ARTICLES OF INCORPORATION OR BY-LAWS
The Registrant has amended its Certificate of Incorporation to change its name to Tradestream Global Corp. effective immediately. The Registrant`s new OTC trading symbol as of Thursday, July 28, 2005 is "TGLC".
[posting]17.370.987 von Nero_001 am 28.07.05 08:16:59[/posting]..ist sicher sehr positiv, die Anzahl der neue Aktien scheinen auch nicht überrissen zu sein
http://www.tradestreamglobal.com/
http://www.tradestreamglobal.com/solutions/tour/menu.html
Charly
http://www.tradestreamglobal.com/
http://www.tradestreamglobal.com/solutions/tour/menu.html
Charly
@alle
Wie gehts jetzt mit unserer Tradestream weiter?
Nero
Wie gehts jetzt mit unserer Tradestream weiter?
Nero
Würde mal sagen, zu 0.25 kann man aufstocken, vorher lasse ich die Finger davon. Innert 60 Tagen sollen ja neue Aktien herauskommen....
Was nervt ist einfach der Market Maker, der den Kurs immer weiter hinunter fährt, wobei dazu kein Anlass sein sollte....riecht nach Betrug am Aktionär !!
Zudem ist die Informationspolitik bisher ein Graus, ist wohl volle Absicht, damit alle die Aktien schmeissen....
...hätte man zu 0.95 eigentlich tun müssen !
Charly
http://biz.yahoo.com/e/050727/vtgl.ob8-k.html
27-Jul-2005
Termination of Material Agreement, Change in FYE or Articles
Item 1.02 - TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
As previously reported by Tradestream Global Corp. (formerly Vianet Technology Group Limited) ("Registrant") through news releases on July 1, 2005 and July 7, 2005, and a Current Report on Form 8K filed on July 7, 2005, the Registrant had entered into an agreement of merger with Vianet Direct, Inc., with the transaction being subject to the execution and approval of a definitive merger agreement as well as certain closing conditions and due diligence requirements.
As the Registrant and Vianet Direct, Inc. were not able to agree upon the definitive terms and conditions of the merger or the due diligence procedures, the Board of Directors of the Registrant, at a Special Meeting held on July 22, 2005, formally approved the decision by Management of the Registrant to terminate such merger negotiations with Vianet Direct, Inc., and the Registrant is currently proceeding with negotiations with other prospective merger or acquisition candidates.
ITEM 5.03 - AMENDMENTS TO ARTICLES OF INCORPORATION OR BY-LAWS
The Registrant has amended its Certificate of Incorporation to change its name to Tradestream Global Corp. effective immediately. The Registrant`s new OTC trading symbol as of Thursday, July 28, 2005 is "TGLC".
Was nervt ist einfach der Market Maker, der den Kurs immer weiter hinunter fährt, wobei dazu kein Anlass sein sollte....riecht nach Betrug am Aktionär !!
Zudem ist die Informationspolitik bisher ein Graus, ist wohl volle Absicht, damit alle die Aktien schmeissen....
...hätte man zu 0.95 eigentlich tun müssen !
Charly
http://biz.yahoo.com/e/050727/vtgl.ob8-k.html
27-Jul-2005
Termination of Material Agreement, Change in FYE or Articles
Item 1.02 - TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
As previously reported by Tradestream Global Corp. (formerly Vianet Technology Group Limited) ("Registrant") through news releases on July 1, 2005 and July 7, 2005, and a Current Report on Form 8K filed on July 7, 2005, the Registrant had entered into an agreement of merger with Vianet Direct, Inc., with the transaction being subject to the execution and approval of a definitive merger agreement as well as certain closing conditions and due diligence requirements.
As the Registrant and Vianet Direct, Inc. were not able to agree upon the definitive terms and conditions of the merger or the due diligence procedures, the Board of Directors of the Registrant, at a Special Meeting held on July 22, 2005, formally approved the decision by Management of the Registrant to terminate such merger negotiations with Vianet Direct, Inc., and the Registrant is currently proceeding with negotiations with other prospective merger or acquisition candidates.
ITEM 5.03 - AMENDMENTS TO ARTICLES OF INCORPORATION OR BY-LAWS
The Registrant has amended its Certificate of Incorporation to change its name to Tradestream Global Corp. effective immediately. The Registrant`s new OTC trading symbol as of Thursday, July 28, 2005 is "TGLC".
Neuer Tread ist eröffnet zu TGLC
http://www.wallstreet-online.de/si/community/board/threadpag…
Charly
http://www.wallstreet-online.de/si/community/board/threadpag…
Charly
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