EXEG-Billionaire Phillip Frost, M.D. to take over majority control EXEG currently is a shell stock that has approximately $9 million on hand The deal has been in the works since 8/2006 and already has SEC approval, and today is being voted on by the shareholders Phillip Frost and company will be buying 51%, controlling interest, for approximately $9 million, giving EXEG a total of $18 million on hand There are currently 17 million shares, and Frost and company will acquire 19 million, for a total of approximately 36 million shares outstanding. Current shareholders keep all of their shares, no R/s or 5% ownership http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename %3D0001144204%252D06...
Phillip Frost, M.D.
Phillip Frost, age 70, is the vice chairman of the board of directors of Teva Pharmaceutical Industries Limited. He served as chairman of the board of directors and chief executive officer of IVAX Corporation from 1987 to 2006, when it was acquired by Teva Pharmaceutical Industries Limited. He served as president of IVAX Corporation from July 1991 until January 1995. He was the chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida from 1972 to 1990. Dr. Frost was chairman of the board of directors of Key Pharmaceuticals, Inc. from 1972 to 1986. He also served as chairman of the board of directors of IVAX Diagnostics, Inc. (diagnostic reagent kits), a subsidiary of IVAX Corporation from 2001 to 2006. He is a director of Northrop Grumman Corporation (aerospace), Continucare Corporation (healthcare), Castle Brands, Inc. (spirits), Cellular Technical Services, Inc. (telecommunications) and chairman of the board of directors of Ladenburg Thalmann Financial Services Inc. (securities brokerage). He is on the Board of Regents of the Smithsonian Institution, a member of the Board of Trustees of the University of Miami and co-vice chairman of the Board of Governors of the American Stock Exchange.
This is what happens when he takes control: ORTX-Bought this shell 12/2005, went up 2500% in 1 week and held 2000% DRMN-Bought 15% of OS 11/2006, went up 250% and held
This is all in my opinion and for entertainment purposes only
Posted by cautionupahead on :
8k out and it's a done deal, should see a PR Monday.IMO
Posted by cautionupahead on :
Member Rated: posted February 11, 2007 02:19 AM -------------------------------------------------------------------------------- The chart looks great! http://stockcharts.com/h-sc/ui?s=EXEG&p=DAILY&b=5&g=0&id=p -------------------------------------------------------------------------------- Posts: 87 | Registered: Aug 2006 | IP: Logged |
Posted by cautionupahead on :
I'm okay with the RSI, it's in the power zone. The MACD isn't even close to crossing, that's what I'm watching right now. Plus news always trumps charts, IMO
Posted by IMAKEMONEY on :
IMAKEMONEY Member
posted February 11, 2007 06:11 PM -------------------------------------------------------------------------------- RSI WAY TO HIGH,JMO cautionupahead Member
Member Rated: posted February 11, 2007 02:19 AM -------------------------------------------------------------------------------- The chart looks great! http://stockcharts.com/h-sc/ui?s=EXEG&p=DAILY&b=5&g=0&id=p -------------------------------------------------------------------------------- Posts: 87 | Registered: Aug 2006 | IP: Logged |
-------------------- Give me your Money.
-------------------------------------------------------------------------------- Posts: 4664 | From: San Diego CA | Registered: Jul 2006 | IP: Logged |
cautionupahead Member
Member Rated: posted February 11, 2007 08:00 PM -------------------------------------------------------------------------------- I'm okay with the RSI, it's in the power zone. The MACD isn't even close to crossing, that's what I'm watching right now. Plus news always trumps charts, IMO -------------------------------------------------------------------------------- Posts: 90 | Registered: Aug 2006 | IP: Logged |
Posted by cautionupahead on :
Gap got filled today, IMO, plus some profit takers. Still waiting on the news release that was in the 8k.