Today 5d 1m 3m 1y 5y 10y Last Price 0.55 Tick Change 0.55 Open 0.10 Day High 1.05 Bid 0.30 Ask 0.75 52 Wk High 0.001 E.P.S. N/A Ex-Div Date N/A Yield N/A Market Cap N/A Last Trade 2:35 Volume 30.7 k % Change +549,900.00% Prev Close 0.0001 Day Low 0.10 Bid Size 5000 Ask Size 2500 52 Wk Low 0.0001 P/E Ratio N/A Dividend N/A Shares N/A Exchange OTO
Their was no news it just skyrocketed over night and continued to fly today with no volume. I am no rookie at this nor am I an expert but can someone explain why a stock like this would jump 550,000% in one day. I calculated that a $200 investment makes you over 2 million in one day. I kind of figure that if you have a stock that does this you literally just hit the lottery because I cannot find an explanation to why this stock did this
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Does anyone know how to pull up a list of all micro penny stocks with current pps? If you could get this list, then you could do your own dd before hand and not depend on chat boards and chasing stocks to turn a profit.
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quote:Originally posted by hatteras: Does anyone know how to pull up a list of all micro penny stocks with current pps? If you could get this list, then you could do your own dd before hand and not depend on chat boards and chasing stocks to turn a profit.
----------------------------------------------- Why don't ya just type in microcap penney stocks on google..........SHEEZZZZZZZZZ
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ITEM 1. FINANCIAL STATEMENTS Back to Table of Contents
The Registrant's unaudited interim financial statements are attached hereto. Unaudited Interim Financial Statements
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION Back to Table of Contents
Some of the statements contained in this quarterly report of Zaxis International Inc., Delaware corporation (hereinafter referred to as "we", "us", "our", "Company" and the "Registrant") discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, we also may provide forward-looking statements in other materials we release to the public.
General Background
The Registrant was a biotechnology holding company that operated its business through wholly owned subsidiary. Zaxis was incorporated in Ohio in 1989. On August 25, 1995, Zaxis merged with a subsidiary of The InFerGene Company ("InFerGene") and InFerGene changed its name to Zaxis International Inc. For accounting and tax purposes, the merger was treated as a reverse acquisition in which Zaxis acquired International. InFerGene was incorporated in California in 1984 and subsequently changed its domicile to Delaware in 1985.
On November 6, 2002, the Registrant filed a voluntary Chapter 7 petition under the U.S. Bankruptcy Code in the U.S. Bankruptcy Court Northern District of Ohio (case no. 02-55160). As a result of the Chapter 7 petition, the Registrant's assets were transferred to a United States Trustee and the Registrant terminated its business operations. During 2003 and 2004, the Bankruptcy Trustee had disposed of substantially all of the assets of the Registrant and its subsidiaries. On October 13, 2004, the Bankruptcy Court approved an Order confirming the sale of debtor's interest in personal property to Park Avenue Group Inc. and confirming that Park Avenue Group, Inc. is a good faith purchaser pursuant to 11 USC Section363(m).
In connection with the Order confirming the sale of debtor's interest in certain intangible personal property to Park Avenue Group Inc. approved by the U.S. Bankruptcy Court Northern District of Ohio on October 13, 2004, the Court authorized Park Avenue Group to appoint a new board of directors. On October 13, 2004, Park Avenue Group appointed Ivo Heiden to the board of directors of the Registrant, which board of director subsequently appointed Ivo Heiden ("Management") to be president of the Registrant. The Court order further provided that the sale was free and clear of liens, claims and interests of others and that the sale was free and clear of any and all other real or personal property interests, including any interests in Zaxis's subsidiaries. On November 30, 2004; the Registrant's board of directors approved and authorized an amendment of Registrant's Article of Incorporation to establish a series B convertible preferred stock, par value $0.0001 ("Series B Convertible Preferred Stock"). The holders of the Series B Convertible Preferred Stock shall be entitled to 20 (twenty) votes on all matters submitted to a vote of the stockholders of the Registrant. The holders of Series B Convertible Preferred Stock shall have the right to convert each share into 20 (twenty) shares of common stock upon their written request at any time.
Change in Control following Emergence from Bankruptcy
The material terms of the transaction confirmed by Bankruptcy Court authorized Park Avenue Group to appoint new members to the Registrant's board of directors and the newly-appointed board of directors be authorized to:
(i) amend the Article of Incorporation to increase the number of authorized shares to 100,000,000 shares; (ii) amend the Article of Incorporation to change the par value of the Registrant's common and preferred stock to $0.0001; (iii) issue up to 30,000,000 shares of common stock, par value $0.0001 to the new Management of the Registrant; (iv) implement a reverse split of the issued and outstanding shares in a ratio to be determined by the board of directors; (v) cancel and extinguish all common share conversion rights of any kind, including without limitation, warrants, options, convertible bonds, other convertible debt instruments and convertible preferred stock; and (vi)cancel and extinguish all preferred shares of every series and accompanying conversion rights of any kind.
Plan of Operation
We have no present operations or revenues and our current activities are related to seeking new business opportunities, including seeking an acquisition or merger with an operating company. During the three-month period ended June 30, 2005, we incurred operating expenses in the amount of $2,500. We did not incur expenses during the three-months period ended June 30, 2004.
If our board of directors seeks to acquire another business or pursue a new business opportunity, Management would have substantial flexibility in identifying and selecting a prospective business. Registrant would not be obligated nor does Management intend to seek pre-approval by our shareholders. Under the laws of the State of Delaware, the consent of holders of a majority of the issued and outstanding shares, acting without a shareholders meeting, can approve an acquisition.
The Registrant is entirely dependent on the judgment of Management in connection with pursuing a new business opportunity or a selection process for a target operating company. In evaluating a prospective new business opportunity or an operating company, we would consider, among other factors, the following: (i) costs associated with effecting a transaction; (ii) equity interest in and opportunity to control the prospective candidate; (iii) growth potential of the target business; (iv) experience and skill of management and availability of additional personnel; (v) necessary capital requirements; (vi) the prospective candidate's competitive position; (vii) stage of development of the business opportunity; (viii) the market acceptance of the business its products or services; (ix) the availability of audited financial statements of the potential business opportunity; and (x) the regulatory environment that may be applicable to any prospective business opportunity.
The foregoing criteria are not intended to be exhaustive and there may be other criteria that Management may deem relevant. In connection with an evaluation of a prospective or potential business opportunity, Management may be expected to conduct a due diligence review.
The Registrant intends to conduct its activities so as to avoid being classified as an "Investment Company" under the Investment Company Act of 1940, and therefore avoid application of the costly and restrictive registration and other provisions of the Investment Company Act of 1940 and the regulations promulgated thereunder.
Liquidity and Capital Resources
We will use our limited personnel and financial resources in connection with seeking new business opportunities, including seeking an acquisition or merger with an operating company. It may be expected that entering into a new business opportunity or business combination will involve the issuance of a substantial number of restricted shares of common stock. If such additional restricted shares of common stock are issued, our shareholders will experience a dilution in their ownership interest in the Registrant. If a substantial number of restricted shares are issued in connection with a business combination, a change in control may be expected to occur.
As of June 30, 2005, we had current assets consisting of cash in the amount of $149. As of June 30, 2005, we had current liabilities consisting of payables to a related party in the amount of $5,439.
During the six-month period ended June 30, 2005, we generated cash from financing activities in the amount of $5,100 consisting of advances from our president. We had no financing activities during the six-month period ended June 30, 2004.
In connection with our plan to seek new business opportunities and/or effecting a business combination, we may determine to seek to raise funds from the sale of restricted stock or debt securities.We have no agreements to issue any debt or equity securities and cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all.
There are no limitations in our articles of incorporation on our ability to borrow funds or raise funds through the issuance of restricted common stock to effect a business combination. Our limited resources and lack of operating history may make it difficult to do borrow funds or raise capital. Our inability to borrow funds or raise funds through the issuance of restricted common stock required to effect or facilitate a business combination may have a material adverse effect on our financial condition and future prospects, including the ability to complete a business combination. To the extent that debt financing ultimately proves to be available, any borrowing will subject us to various risks traditionally associated with indebtedness, including the risks of interest rate fluctuations and insufficiency of cash flow to pay principal and interest, including debt of an acquired business.
ITEM 3. CONTROLS AND PROCEDURES Back to Table of Contents
Evaluation of disclosure controls and procedures. As of June 30, 2005, the Company's chief executive officer and chief financial officer conducted an evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act. Based upon the evaluation of these controls and procedures, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.
Changes in internal controls. During the quarterly period covered by this report, no changes occurred in our internal control over financial reporting that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS Back to Table of Contents
None.
ITEM 2. CHANGES IN SECURITIES Back to Table of Contents
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES Back to Table of Contents
None.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS Back to Table of Contents
None.
ITEM 5. OTHER INFORMATION Back to Table of Contents
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K Back to Table of Contents
(a) The following documents are filed as exhibits to this report on Form 10-QSB or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.
Exhibit No. Description 31.1 Certification of President and CFO pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.2 Certification of President and CFO pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
(b) Reports on Form 8-K during the quarter covered by this report:
The Registrant did not filed a Form 8-K during the quarter ended June 30, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.
/s/ Ivo Heiden Ivo Heiden President, CFO and Chairman Dated: July 28, 2005
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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hatteras use the link below then click on the alphabet on the right hand side of the page to lookup pps of stocks alphabetically.
Father of Two a reverse stock split does not add value to a stock. According to etrade, scottrade and pennystocks.com the stock is showing a gain of some unimaginable proportion.
If a reverse stock split did occur then yes the pps would jump but why would they show this as a gain??
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I have followed this stock before here is some other info on it pulled right off there page and also on pinksheet.com
Address: 115 East 57th Street Suite 1118 New York, NY 10022 USA
Phone: 646-202-9679 Fax: 646-202-9681
Business Description: Company is currently seeking new business opportunities.
State of Incorporation: DE
Officers: Ivo Heiden, Pres. & CFO
Fiscal Year End: December 31
Outstanding Shares: 16,245,623 as of 2005-06-30
Estimated Market Cap: Not Available Authorized Shares: 100,000,000 as of 2005-06-30 Float: 4,258,821 as of 2004-10-13 Number of Shareholders of Record: 2,513 as of
Current Capital Change: Capital Change=shs decreased by 1 for 50 split. Ex-Date: 1995-08-29 Record Date: 1995-08-29 Pay Date: 1995-08-29
Dividends:
Company Notes: Formerly=InFerGene Company (THE) until 8-95 Note=11-02 the Company filed a petition for Bankruptcy in the U.S. Bankruptcy Court for the Northern District of Ohio. In October 2004, the Company emerged out of Bankruptcy free and clear of all liens, claims and encumbrances. The Company's new business plan is to seek new business opportunities.
Class Notes: New Issue=10-86 1,860,000 shs in units (1 sh Com & 1 Warr 10-23-91) at $3.50 per unit by Greentree Securities Corp.
Transfer Agent: National City Bank, Cleveland, OH 44114-3484
-------------------- We are in it to win, why not win togather.
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