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Look at NNOS this morning! We touched the bottom last week and are under reversal pattern right now. Waiting for merger aquisition, hope like NNNC. Good luck!
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here's some DD This DD is from my PQLresearch yahoo group, I have alot of respect for the guy who runs this group as his plays are as legit as your gonna find down here.
Good morning. Many of you that listen to IBCRadio have heard me talk about SMKT and their impending merger with Texas Prototypes (TXP). For those that have not, I'd like to share what I believe is a ground-floor opportunity with a company that may be a major technology player on the nasdaq in a year or two.
About Texas Prototypes
www.texasprototypes.com 35 Full-Time Employees 'Pre-Manufacturing' Sector (Provides service to EMS sector) Founded in 1998 - Originally a department of Flextronics, Inc.
The merger was announced June 20th and should close somewhere very early August. On the news of the announcement, SMKT stock exploded from .008 to hitting nearly .05, which shows me just how much the market was excited that TXP is coming public. From the research I've done on TXP, they are very well respected and well-known in the technology community, primarily because they have so many 'household names' that they provide services to. In the TV coverage above, the CEO of TXP cites that they produce anything from wrist watch PDAs to supercomputers for HP. Chances are that you have a technology product in your home that TXP was involved in the manufacturing of.
The Split, The Current, and Future OS
SMKT filed the terms of the merger which include a 10:1 reverse split. Do not confuse this split with typical OTC:BB/pink reverse splits - it is significantly different and is essential to this merger being consummated. TXP negotiated (touché for them) a resounding 94.5% completed interest in SMKT, which means that existing SMKT shareholders will hold only a 5% interest in the new company.
Currently, there are 50M shares outstanding of SMKT, valuing the 'shell' a meager $1M pre-merger. Since TXP somehow has to gain control of 94.5% of the stock, SMKT will issue them several hundred million shares immediately prior to the merger, which TPX will then reverse immediately post-merger. There will then be approximately 90M outstanding and according to informal discussions with both the SMKT and TXP CEOs there will be circa 10M in the public float.
Status of the Merger
SMKT filed a proxy form soliciting a vote on the merger. This is basically the last stage of any given merger. SMKT management just needs to vote their majority stock, and we're good. I do not foresee any complications whatsoever. SMKT was essentially a shell and the SMKT CEO stands to probably make well on his interest in the new $18,000,000 company as opposed to his pre-merger $500,000 shell.
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The problem with that pick though is it already had its run last week and is way over bought meaning there is market pressure there to push it down. You should at least give a group pick that had a better chance then this one.
-------------------- Invest with your brain not with your heart.
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You sure played it like one. I won't tell you till 9:30, it will be huge. Sure sounded like the standard group line. I know, but won't tell you till we are all in.
But it still doesn't change the fact that the thing is way over bought and has a downward pressure on it. Doesn't mean the down movement won't be brief and it will take off again. But I do have trouble with one line in your above DD:
"SMKT will issue them several hundred million shares immediately prior to the merger, which TPX will then reverse immediately post-merger. There will then be approximately 90M outstanding and according to informal discussions with both the SMKT and TXP CEOs there will be circa 10M in the public float. "
How do you issue a couple hundred million share yet end up with only 90 million??????
quote:Originally posted by SlickyTrader: Dude this is not a group pick ! Its a solid company play with reverse merger !
-------------------- Invest with your brain not with your heart.
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Oh, I just re-read it. It is telling you that they are issuing 100's of million shares right now and after merger they will do a reverse split to make it around 90 million. Yeah this is a great deal, lol.
-------------------- Invest with your brain not with your heart.
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it looks like a great company and a great plan but what about the R/S part?. wont this drop before the merger on the R/S news alone?. maybe better to buy in POST R/S after the price drops or just before at the bottom. when will the deal be done? and what is the R/S date?. if 10 for 1 leaves 90 mill and only 50 mil out now they will need to issue 950 mil before they split. how will this all work?. private placement?, sold into the float?, convertable preffered?. whats the deal?. the way it looks from here i would be inclined to radar it for the post split date.
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THis Idiot is giving SMKT a bad name. Heres the deal with SMKT. SMKT is a shell which means I't a ticker symbol and some assets. Its cheaper for a non public company to buy an existing shell then to IPO their stock. TXP is buying the SMKT shell and putting all there assets in. Upon completion of the reverse merger there is a 10-1 reverse spilit so if there is a 10 mil OS right now it will become a 1 million OS. TXP is a real big deal this company could easily be on the Nasdaq a year from now. If anyone remembers SPEA that was a reverse merger play that went from .05-$20.
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Slicky reminds me of Al of Al's Toy's from Toy Story. Bet he would look good in a chicken suit flapping his wings screaming "Mondays Crazy Runner".
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USF11, name calling is plan uncalled for. The pr stated the facts and it wasn't 10 million to 1 million either.
They said they had a 50 million o/s right now.
They will do a 10/1 r/s after merger which should make it around 90 million o/s
That means they are dumping 850 million shares on the market as we speak. Thats a 2000% increase. Now just because you made a unwise choice in buying now and can't read a PR doesn't make someone else an idiot. This is a bad thing they are doing. Real Bad.
May be worth buying after the R/s split but with masive dilution right now it would be very unwise.
-------------------- Invest with your brain not with your heart.
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lmao - I know something you guys don't...and I am not saying it...ever..so forget about it...but I did save a lot on my insurance..and QBID is the stock of the year..right after WHLI and CMKX..did I forget to mention GRYF..oh yes I did...
-------------------- If all goes well then great, if not, make it work.
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Ric all that DD was off of one of my posts and the guy copy and pasted calling it today's crazy runner when SMKT is a hold play. The RSI doesnt hold any weight with this stock.
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In this scenrio TXP needs 94% control of the stock per the terms of the agreement with SMKT. The dilution going on has nothing to do with the float. All the issued shares goes to TXP not the open market. Its not a big deal TXP will be a nasdaq company. Just check out the website.
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