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SRLT is going to change into the Chinese Microscope Co. Therefore we are investing in China which is good, right?
SRLT will change the name of the company and symbol.
Let me say this. This could be better than we think. Xiamen Motic looks like a large co. and they may be heading for NASDAQ within 1 year.
Many other of these shells from this Merger Firm get on NASDAQ, and I know one with a 170M MC. This Merger Firm which is behind SRLT only works with chinese firms. Im not going to name the merger firm, sorry.
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SRLT is now a rapidly expanding Chinese Microscope Company. Everybody knows the chinese always destroy their competition and win, at least in business.
I see that, "From 1998 through 2003 Mr. Xu was the general manager at Xiamen Motic China Group Company Limited, where he managed the business operations." however, see no direct evidence that Xiamen Motic itself is involved...
agree, however, that this is intriguing news.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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I see that, "From 1998 through 2003 Mr. Xu was the general manager at Xiamen Motic China Group Company Limited, where he managed the business operations." however, see no direct evidence that Xiamen Motic itself is involved...
agree, however, that this is intriguing news.
mu, please explain the link to Xiamen Motic, other than former employer...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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SRLT is a OTC shell that is reverse merging into a chinese microscope company. Old OS was 12M. 55M shares have been sold to insiders for $1M, but have not been registered yet. SRLT now has $1,000,000 in cash which is incredible. New OS is 67M shares, but the float has not changed at 12M.
"Xiamen Motic China Group Company Limited" Xu must be the CEO of Motic, but he is now also the CEO of SRLT Xiamen Motic is a fairly large company, larger than 99.99% of cos. on the OTC IMO. GO to the web site. The most important thing is what the final market cap will be for Xiamen Motic. The OS is now 67M. If you own SRLT you now own Xiamen Motic, which would make it one of the very rare profitable cos on the OTC. 99.9% of OTC cos are just shells.
posted
"Mr. Xu, age 34, has been self employed as a business consultant since 2003. From 1998 through 2003 Mr. Xu was the general manager at Xiamen Motic China Group Company Limited, where he managed the business operations. "
Xu has been self employed as a consultant since 2003, how could you say Xu must be the CEO of MOTic at the same time? Is there anywhere we can confirm it? Is XU the major shareholder of MOTic?
In a reverse mergerer, the private company shareholders kust receive a substantial majority of the shares of the public company (normally 85% to 90% or more) and the control of the board of directors. It seems Xu only got 70.6% of SRLt.
Are Yujiao Xiong, Youming Xiong, Chaohui Wu, Pingxin Liu, Bo Chen, Wei Liu, Juhua Wang, Shaoke Chen, Hanping Lee, and Mingtung Che the shareholders of MOTic as well?
-------------------- Do Your Own DD, It Is Your Own Money.
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quote:Originally posted by jrh: "Mr. Xu, age 34, has been self employed as a business consultant since 2003. From 1998 through 2003 Mr. Xu was the general manager at Xiamen Motic China Group Company Limited, where he managed the business operations. "
Xu has been self employed as a consultant since 2003, how could you say Xu must be the CEO of MOTic at the same time? Is there anywhere we can confirm it? Is XU the major shareholder of MOTic?
In a reverse mergerer, the private company shareholders kust receive a substantial majority of the shares of the public company (normally 85% to 90% or more) and the control of the board of directors. It seems Xu only got 70.6% of SRLt.
Are Yujiao Xiong, Youming Xiong, Chaohui Wu, Pingxin Liu, Bo Chen, Wei Liu, Juhua Wang, Shaoke Chen, Hanping Lee, and Mingtung Che the shareholders of MOTic as well?
Look at the chart above and decide. Does this really look like it going down? SRLT has extremely low volume but that has not stopped me and others from loading up.
We can all read that about Mr. Xu. As said before, there is no other information about the upcoming merger, so I will state the hard facts.
1) SRLT is a OTC shell that was once 81% owned by a major reverse merger firm. This firm still owns 2-3%.
2) Xu bot 70% of the stock for 600k cash. (Xu is not likely then to be a "consultant". He is some rich chinese investor.)
3) Xu was CEO of Motic. (Likely he is still a major stockholder there, in China.)
4) Xu create 55M more shares and sold them to other chinese people for $1M cash. (My guess is that these people are other Motic shareholders.)
5) SRLT thus has now $1M cash, which is some kind of record for the OTC. Check the prs. Find me another OTC stock ever with that much cash! No chance.
I agree that this merger is a little strange but what can I do? Go and load up with CWFG if you like. Motic though, would be a great company to own and it is not public at this time.
My belief that SRLT will become Motic is a strong hunch. I have made a lot of cash from these reverse mergers for years. Its what I do. The Chinese are very secretive and will not signal their move intil they are ready. When that happens, it will be too late guys...
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posted
I don't think you need to say much more..the information is fairly self explanatory. I had some SRLT and bought a bunch more. All pennies are mainly just a gamble anyway. This one is intersting and I think that it will pay off well in time.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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I agree this looks intriguing. Reverse mergers can be very lucrative, and the China connection to shells is rapidly increasing. Much of that has to do with rigid strictures in China both for registering companies and also for capital leaving the country. Combined, the result is that smaller plays, say $10 to $300 million, are actively seeking shells here in order to gain exposure to US capital. The really big boys have venture going to them, in country.
Anyway, how do you get CEO from "general manager"? I see several Chinese VPs who have the title, but not CEOs. Also, if Motic wanted the shell, seems more likely it would simply buy it outright, eh? A company on par with Zeiss that wanted to go public might buy a shell with the intention of moving to the big board, but secrecy would be to no advantage once the deal is done.
More likely, our dashing international entrepreneur is merely tooting his own horn a bit, with that reference to his former employer.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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sure, I like this whole sector. Some have been and will be scams, but there's a bunch of pent-up capital in China at the levels I mentioned for shells to insert some good little companies. Some will be sexy tech stuff, some will be mundane stuff like towels or tires. Many will be profitable.
Before holding any--ie, playing more than a run--I would like to see a genuine US presence for investor relations, along with audited financials. The Chinese are notorious for keeping several sets of books. Oh, and holds includes playing any for divvies--if you have to follow-up for TA info, etc, you don't wanna have only a phone number somewhere in China...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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The number of legit reverse merger firms is very small but there are people who make millions doing this. The firm who set up SRLT does chinese mergers only.
In another thread recently there was mention of a merger deal for COBN. The private firm is US Modular which folx say is legit. There is some problem with the merger (happens) and the pps is way, way down. This might be the problem:
"On April 22, 2005, the Registrant entered into a Note Purchase Agreement ("NPA") with Cornell Capital Partners, L.P. ("CCP") pursuant to which it issued to CCP its 8% Senior Secured Convertible Promissory Note ("Note") to CCP. The Note is in the principal amount of $400,000, bears interest at 8% per annum, is due in one year , is secured by a general first priority lien on all of the Registrant's assets and is convertible into the Registrant's common stock at a conversion price of $.01 per share, which conversion price is decreased to $.001 if the Registrant has not entered into a definitive merger by October 1, 2005. CCP has piggy-back registration rights for the shares issuable upon conversion of the Note."
SRLT has no dealings with toxic financers like Cornell. (Prob. why the pps collapsed in COBN.)
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posted
This MAY be an opportunity...but until some additional evidence of postive indications are forthcoming, I would just keep an eye on it and not put a lot of money in it.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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SRLT is a OTC shell that is reverse merging into a chinese microscope company. Old OS was 12M. 55M shares have been sold to insiders for $1M, but have not been registered yet. SRLT now has $1,000,000 in cash which is incredible. New OS is 67M shares, but the float has not changed at 12M.
"Xiamen Motic China Group Company Limited" Xu must be the CEO of Motic, but he is now also the CEO of SRLT. Xiamen Motic is a fairly large company, larger than 99.99% of cos. on the OTC IMO. Go to the web site. The most important thing is what the final market cap will be for Xiamen Motic. The OS is now 67M. If you own SRLT you now own Xiamen Motic, which would make it one of the very rare profitable cos on the OTC. 99.9% of OTC cos are just shells.
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