This is topic ELAP...HUGE ALERT..NEWS OUT(MERGER)..VOLUME IS COMING in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
El Apparel Signs Definitive Acquisition Agreement With NutriOne Inc. Monday June 5, 10:21 am ET
TORONTO--(MARKET WIRE)--Jun 5, 2006 -- El Apparel Inc. (Other OTC:ELAP.PK - News) announced today that it has signed a definitive acquisition agreement and acquires 100% of the outstanding shares of NutriOne Inc. ADVERTISEMENT
According to the definitive acquisition agreement, ELAP will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of NutriOne Inc. and ELAP will change its name to NutriOne Inc. The transaction will result in the company to have a total of approximately 75,000,000 shares issued and outstanding.
The companies expect to close on the definitive acquisition agreement on or before June 19, 2006.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Contact: El Apparel Inc. Paul Reynolds Tel. 416-854-8965
NutriOne Inc. Homer Pateridis Investor Relations Consultant Tel. 514-952-5251
-------------------------------------------------------------------------------- Source: El Apparel Inc.
Posted by superman7 on :
this one is a flip...these low floaters run fast but u got to be quick in and out...some post r/s plays run fast and hard
its a gamble that can pay bigtime
Posted by matto on :
trying .006 now!! this one has legs! i made good on this one before. looks like resistance is .015
Posted by superman7 on :
yeah matto, this can be a quick gainer..i hope!
these post r/s plays run fast when they do and this one looks like it is starting
goodluck bro
Posted by Johnwayne on :
Can I hold this til open tomorrow or will it tank EOD? Seems it should run a little up until the split date.
Posted by matto on :
I am not!
Posted by superman7 on :
only 1 mm left till .008
Posted by Johnwayne on :
I best stay out. No round trips until tomorrow. Good luck guys. Hope she takes off for you.
Posted by superman7 on :
another mm just joined the bid...come on run lol
Posted by superman7 on :
.006 being printed!
Posted by superman7 on :
.006 by .01
here we start!
Posted by superman7 on :
.008 by .01
here we gooooooooo
alot of low floaterss have run big today this one looks next
Posted by matto on :
NICE call frome the bottom. Pat on the back for you!
Posted by superman7 on :
.008 by .01
2 by 4
.01 getting hit righ now read to breakout!
Posted by superman7 on :
.009 by .01
1 by 1
Posted by Loki on :
Nice call!
I got in at 0.0065, thanx for keeping us updated!
I can't seem to get L2's on this one with Ameritrade (same thing with ddsi)
Posted by superman7 on :
peopel still waiting on there .01 fill this will be huge
Posted by Stockman13 on :
$%#& i missed it...lol
Posted by Loki on :
quote:Originally posted by superman7: peopel still waiting on there .01 fill this will be huge
Excellent!
Posted by matto on :
150% lol this puppy is a power house!!!!
Posted by Loki on :
Volumes seem to have slowed down a bit...?!
Posted by STOCKGANGSTA on :
i would be surprised if we see .05 by today
Posted by superman7 on :
.01 by .012
peopel still not getting filled lol
less then 1 mil in volume and we are up 150%, this could be a huge gainer!
Posted by Loki on :
Nice!!
Posted by superman7 on :
.012 getting hit!
Posted by superman7 on :
.011 by .012 now
lets goooooo
Posted by matto on :
.03 comming lol
Posted by superman7 on :
forget .03 lol lets see .05
this is fun!
Posted by Johnwayne on :
Ahhh crap I should have taken a chance here.
Posted by superman7 on :
mms jumping on the bid now..they want shares!
Posted by Loki on :
Bring it on!
0.05! Posted by superman7 on :
.011 by .012
3 by 2
Posted by Loki on :
ooops, back to 0.01
Posted by superman7 on :
ELAP..here is a little dip..on some idiot bidwhacking!
Posted by matto on :
nows the chance to buy imo!
just heating up!!
Posted by Johnwayne on :
Pullback below.01 and I might jump in.
Posted by Loki on :
End of run?
Posted by superman7 on :
i am buying more here doubt i will get filled but i am trying
Posted by Johnwayne on :
What you think boys?
Posted by superman7 on :
ok one left at .007 and then we back to .01 again
i am trying for more uptil .01 but not filled yet
Posted by Johnwayne on :
trying to fill here at .007 with small order
Posted by Loki on :
I'd like to go for another run.....
Posted by superman7 on :
.007 by .008
2 by 1
Posted by superman7 on :
here comes .01 again! this time if it breaks .012 we get a huge run imo
Posted by Loki on :
did you get filled JohnWayne?
Posted by superman7 on :
.007 by .008 2 by 1
Posted by Loki on :
Well, seems like the volumes have stalled for a while again, what do the L2's say Superman?
Posted by Loki on :
thx
Posted by bmorestocks on :
.006X.007 4X1
Posted by Johnwayne on :
Pulled my order. Put too much in so I am waiting. Volume has slowed down so I'm a little leary. What do you think Superman?
Posted by superman7 on :
john i think we have alot fo bidwhackers which may screw up this run but if we keep getting this buying pressure we will breakout big...i guess its just a watch right now until the whackers get out
Posted by gfinney on :
Ouch....
Posted by Agent S on :
Waiting for it to bounce after this quick drop-off
Posted by kittykash on :
looks like ELAP had it's follow the piped piper trick again. Chart history shows plays pretty well. It also looks like each play was higher than last and lasts about 2 days. Anyone play this one before?
Posted by crockett on :
well looks like the bottom dropped out of this one..
Posted by Johnwayne on :
Good Lord that was quick. never found anybody pumping this.
Posted by Loki on :
Sure enough,
well, hopefully we all made some money!
Posted by Johnwayne on :
Man this might finish at 0. I've never seen one shoot up and dump this bad.
Posted by gfinney on :
Really weird action Johnwayne, gotta love the pennys!
Posted by m69jump on :
R/S 1/1000 TOMORRROW
Posted by m69jump on :
According to the definitive acquisition agreement, ELAP will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of NutriOne Inc. and ELAP will change its name to NutriOne Inc. The transaction will result in the company to have a total of approximately 75,000,000 shares issued and outstanding
Posted by gfinney on :
What the heck was with that close?
Posted by worthashot on :
Any chance this will go up again tomorrow? I got in at the high of day... not good.
Posted by Claydough on :
ask was .0015 at close so hopefully we see a nice gap in the morning.
Posted by crockett on :
congrats to all the winners...
Posted by madmoney on :
quote:Originally posted by m69jump: R/S 1/1000 TOMORRROW
I did not see a date for the split, where did you get this info or are you just guessing?
Posted by kittykash on :
how many were there? by the looks of the charts, sells today was highest than for the last 6 months. Because of buying of NutriOne and restricted shares, do you think it was all the shorts getting the heck out?
Posted by kittykash on :
The companies expect to close on the definitive acquisition agreement on or before June 19, 2006.
Posted by Gameplayers on :
anyone still in this?
Posted by ark on :
I was the last one to sell at 0.0011. I only played this stock today on Superman's recommendation and lost $1000. Hard Lesson for me
Posted by yayaba on :
ark -- It's ok... sometimes gotta learn the hard way I guess. I've lost oodles of money chasing stocks until I figured out some things.
Posted by gfinney on :
Is something going on with this again? Really strong buying in the last half an hour..
Posted by JimSC on :
R/S: 1 to 1000 Stay out!
Posted by kittykash on :
Has anyone hung onto their ELAP shrs that have now become restricted and with a current value of .30? I have gained 6,876% in last few days, albeit restricted shrs. Anyone else see this in their portfolio?
Posted by kittykash on :
actually I need to ask the rules on restricted shares because it sure would be nice to grab some of that green now.
Posted by JamesBond007 on :
Kitty,I too have the same question. What is going on? I think something is wrong. I can also see the same in my portfolio. Can somebody explain ?
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