Up 58% this morning... anyone know what is happening here?
Posted by clbgroove on :
i thought this company was a scam...i think they dumped a buch of shares or something...be careful
Posted by bond006 on :
there is no news anywhere that i can pickup
Posted by reidler88 on :
why is this running???????
Posted by Jmoove on :
group run, take your money and run
Posted by Jerm on :
Yeah, been wanting to get out of this one... today let me do it at very small loss as opposed to a big one.
Posted by tomktoo on :
Shakerz group play!
Posted by madmoney on :
from the 8K just released: 2.4 Schedule 14C. Upon Execution of this Agreement, Reality shall prepare and file with the SEC a Schedule 14C to disclose to shareholder approval of the following:
(1) Reality 's authority to enter into, consummate, and take all action necessary and proper to effect this Agreement;
(2) A reverse split of the issued and outstanding Reality common stock (the Reverse Split") such that the pre-Merger Reality shareholders shall retain a post Merger, post Reverse Split ownership interest of not less than two percent (2%) of the merged entity immediately following the time at which the Reverse Split becomes effective.
I thougt about jumping in to this on the dip, seems an R/S is comming but does not say when? any thoughts? or am i reading it wrong?
Posted by bond006 on :
mad you are reading it wright we just don,t know what the rs will be yet
Posted by pick em low on :
I'm gonna guess IDVL will pop next..... had a run like RWNW around the same time a week or 2 ago.... has been bottoming around since.... actually it's a bit up from bottom
Posted by STAR GAZER on :
They are talking about a reverse merger into the vey profitable Arabian company.
FORM 8-K Reality Wireless Networks, Inc. Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On July 21, 2005 Reality Wireless Networks, Inc. ("Registrant") and Arabian Recab For Trading Co., ("Recab International"), entered into an agreement to merge a wholly owned subsidiary of Registrant with into Recab International and to rename Registrant "Recab International Inc", (the "reverse merger"). The agreement provides that all of the shares of common stock of Recab International issued and outstanding at the time the merger becomes effective under applicable state law (the "Effective Time"), will be converted into common stock of Registrant such that the current holders of Arabian Recab common stock will hold 98% of all shares of Registrant's common stock outstanding immediately after the closing of this merger transaction. The agreement may be terminated at any time prior to the Effective Time by written agreement; by Arabian Recab for breach of any of the representations and warranties or covenants of Registrant if such breach is not cured within thirty days of written notice; by Registrant for breach of any Arabian Recab representations and warranties or covenants if the breach is not cured within thirty days of written notice; by either party upon completion of due diligence.