This is topic **ALERT** AGIS going private, .05 buyout!! .038 in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Company is going private and paying .05 per share. Its at .038 right now. With the shorts and MOMO this could go much higher than .05, get in quick they havent PRed it yet.
who doesnt want an easy 25-30% garenteed? Noone even realizes this buyout is happening because it isnt PRed yet. MMs dont even know I dont think.
Posted by jdg257 on :
.042 now, moving
Posted by jdg257 on :
this will hit scans because volume is exploding, plus when it finally gets PRed (today sometime IMO) this will pcik up some serious MOMO.
Posted by skip on :
read through the filing and grabbed some...guaranteed profit right now...
shorts may have to cover?
Posted by jdg257 on :
yea MMs may not even know about the buyout yet and havent even started covering. WHo would sell for less than .05 at this point, its in a filing, thats the closest thing to a garentee you can get.
Posted by cpeed on :
When will this happen?
Posted by Schwabie on :
.038
Today’s Price Performance as of 12:01pm EDT, 9/19/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.038 Last Price 0.0070 +22.58% Today’s Change $0.03 Today’s Open 7,009,887 Above Avg. Today’s Volume
Posted by POOLBOY on :
Not much room for profit at .04 or so on.
Posted by jdg257 on :
back to .039 another buy opp, im adding.
Posted by cpeed on :
Is it treated like a dividend where shareholders of a certain date? I know that wouldnt make sense, but im trying to figure this out
Posted by jdg257 on :
if you want a garenteed 20-30% then this is a great play. If shorts are out there it will get pushed above .05, so there is no risk involved at any price under .05. I have shares that I will hold throuhg buyout and shares I will try to flip.
Posted by skip on :
it's in the filing...merger closes on 10/31 at which time shareholders have the right to convert all shares into .05/share cash...
my thought is that anyone short will have to cover? could be wrong, worth the gamble for gauranteed profits, IMO...
Posted by Schwabie on :
FYI, THERE IS NO SUCH THING AS NO RISK...
REMEMBER THE NDOL BUYOUT ?
Posted by skip on :
quote:Originally posted by Schwabie: FYI, THERE IS NO SUCH THING AS NO RISK...
REMEMBER THE NDOL BUYOUT ?
FYI, please stop yelling in all of your posts and using the google eyed smiley...
Posted by cpeed on :
Im not getting filled at ask..
what happened with the ndol buyout?
Posted by eef122 on :
was the NDOL buyout simly PRd or was it actually in a filing?
i think it was just a PR
Posted by skip on :
quote:Originally posted by eef122: was the NDOL buyout simly PRd or was it actually in a filing?
i think it was just a PR
As I remember, it was only PR's, no filings...
Posted by eef122 on :
thats a totally different story then.. this is a filing, which is the real deal
Posted by PCola77 on :
Geez, I think this kind of thinking is exactly why so many people lose so much money playing these penny stocks. "Only 25% gain that's virtually guaranteed? Nah, I'll hold off for the stock that's likely to go down to nothing, but has a chance to go up 100%!"
quote:Originally posted by POOLBOY: Not much room for profit at .04 or so on.
Posted by tompom on :
i´m in
Posted by POOLBOY on :
The only thing in life guaranteed is death and taxes. Oh and returning sh** to Walmart!!
Posted by MicroTrader on :
Scottrade has this on lock down! No Buying!!!
What is up?!
Posted by doling2005 on :
I like the google eyed smiley Posted by PCola77 on :
Typically I think you can call your local branch and they'll put the trade through for you.
quote:Originally posted by MicroTrader: Scottrade has this on lock down! No Buying!!!
What is up?!
Posted by Schwabie on :
quote:Originally posted by doling2005: I like the google eyed smiley
THANKS !
LOL
Posted by MicroTrader on :
Where does it say when they this share buy back will take place?
Posted by madmoney on :
READ THE TERMS BEFORE INVESTING IN THIS-------The unaffiliated stockholders of Aegis will be entitled to exercise appraisal rights and demand “fair value” for their shares as determined by the Delaware Court of Chancery, which may be determined to be more or less than (or equivalent to) the amount of cash consideration offered to such holders for such shares pursuant to the merger. The notice and other requirements under Section 262 of the Delaware General Corporation Law with respect to the Series B Preferred Stock may be extended or otherwise changed or modified pursuant to an order of the Delaware Court of Chancery. See “Special Factors - Purposes, Alternatives, Reasons and Effects of the Merger” and Item 4 “Terms of the Transaction” beginning on pages 2 and 17, respectively, of this Schedule 13E-3.--------------------------------------------------You have a statutory right to demand payment of the fair value of your Aegis capital stock as determined in a
judicial appraisal proceeding in accordance with Section 262 of the Delaware General Corporation Law, plus a fair rate of interest, if any, from the date of the merger, provided that, with respect to the Series B Preferred Stock, the notice and other requirements under Section 262 may be extended or otherwise changed or modified pursuant to an order of the Delaware Court of Chancery. This value may be more or less than (or equivalent to) the amount of cash consideration offered for your shares pursuant to the merger. Except as otherwise provided in any such order of the Delaware Court of Chancery, in order to assert these rights, you must make a written demand for appraisal within 20 days after the date of mailing of the Notice of Merger and Appraisal Rights and otherwise comply with the procedures for exercising appraisal rights set forth in the Delaware General Corporation Law. The statutory right of appraisal is set out in Section 262 of the Delaware General Corporation Law, a copy of which is attached as Exhibit (F) hereto. Any failure to comply strictly with the provisions of Section 262 may result in an irrevocable loss of such right. Due to the complexity of the procedures for asserting appraisal rights, stockholders seeking to exercise their statutory right of appraisal are encouraged to seek advice from legal counsel. See Item 4(d) “Terms of the Transaction — Appraisal Rights” beginning on page 18 of this Schedule 13E-3. THERE MAY BE A PROCESS TO FOLLOW TO GET PAID, CHECK WITH YOUR BROKER, not shure how this works but i suggest you read the filing before jumping in for the payout.
Posted by cpeed on :
is this talking about common stock, or just 'B' shares? I dont see common stock in there..?
Posted by madmoney on :
quote:Originally posted by cpeed: is this talking about common stock, or just 'B' shares? I dont see common stock in there..?
it is talking about common stock held by unafiliated share holders, seem to indicate .05 IS NOT guaranteed, read the WHOLE filing, looks like common share holders will have to submit certs and apply for the payout the actual value of witch will be determined. could be .05 could be less, at least thats how i read it. check it out before deciding to hold for the payout. JMO!! i could be wrong. good luck!
Posted by cpeed on :
Ya, I read it, thanks for bringing it to our attention.
[ September 19, 2006, 13:36: Message edited by: cpeed ]
Posted by skip on :
the above is in reference to an option shareholders have. you have an option not to take the .05 and opt to have your "fair value" determined in court. or you can take the .05/share...
so yes, there is a process if you want a different "fair value"
if not, cash buyout at .05...
at least that's how I read the filing...
Posted by PCola77 on :
Yeah, I think skip is right. You can either take he .05 buyout OR appeal for fair market value, which may be more or less than .05. Not sure if you appeal for market value if the market value is determined to be less than .05 if you have to sell at that value or if you can then sell at the .05 again, but I think you can get at least .05 for your shares.
Posted by jdg257 on :
this could test HOD here before close, then IMO a gapper in the morning once word gets out...
Posted by jdg257 on :
.041 close, very strong into tomorrow. MM AXCS chased the bid the whole way up into the close. I thinks hes short, we shall see tomorrow how this plays out, im looking for a PR about this very soon.
Posted by atleast on :
moving: .02 up 35% news this morning: Friday, September 22 2006 8:01 AM, EST
Micron Enviro Systems, Inc. Looking to Start Up Oil and Gas Operations
PrimeZone "PrimeZone "
VANCOUVER, British Columbia, Sept. 22, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTCBB:MENV) (Frankfurt:NDD) ("Micron") has been waiting to get underway on its Oil Sands and conventional drill programs. Micron is anticipating that this winter will be an extremely busy time for the company in terms of oil and gas activities. Micron is evaluating additional oil and gas prospects at this time to complement its existing oil sands leases and conventional drill programs.
Bernie McDougall, President of Micron stated, "This has been a very frustrating period for MENV's loyal shareholders and management as we are experiencing a quiet period before our projects start up again. The stock is now down more than 80% below the recent high, despite now having more Alberta oil sands assets and being further along on our projects. Most investors are not aware of the company's new symbol, therefore as activities re-start, market awareness should increase as MENV's story is disseminated further under the new symbol."
Micron has added three additional Alberta Oil Sands leases consisting of 4 new sections in the world-class Athabasca Oil Sands region. Two of these new sections are within 5 miles of Micron's existing Athabasca Oil Sands Prospect. These two new sections are close to the existing Oil Sands leases held by Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil Sands projects by Devon, EnCana, and ConocoPhilips. The other new Alberta Oil Sands lease acquired consists of two contiguous sections that lie just southwest of the announced Royal Dutch Shell Plc Oil Sands leases which they recently purchased for approximately $400 million.
Micron is planning to undertake a new marketing initiative to create additional awareness for the company as drill programs start up. There has been no marketing since the company changed its symbol, therefore management feels the market may not be aware of what the company is doing. This plan will primarily be email-based and will target 100 percent opt-in private and institutional investors that trade stocks in Micron's price range.
Micron is an emerging oil and gas company that has exposure to four separate leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has production from multiple conventional oil and gas wells. Micron is one of if not the smallest market capitalized companies with exposure to multiple Alberta Oil Sands. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Micron currently has multiple independent sources of oil and/or gas revenue from production in Canada and Texas. Micron is presently involved in multiple oil and gas prospects, and continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects.
If you have any questions, please call Micron at (604) 646-6903. If you would like to be added to Micron's update email list, please send an email to info*micronenviro.com requesting to be added.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of MENV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
CONTACT: Micron Enviro Systems, Inc. Bernie McDougall (604) 646-6903 Fax: (604) 689-1733 ir*micronenviro.com www.micronenviro.com Posted by atleast on :
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