Simex Technologies, Inc. Announces Signing of Letter of Intent with College Tonight, Inc. Tuesday August 14, 12:46 pm ET
ATLANTA, Aug. 14 /PRNewswire-FirstCall/ -- Simex Technologies, Inc. (OTC: SMXT - News) announced today that it entered into a Letter of Intent on August 13, 2007 to acquire College Tonight, Inc., a privately held corporation with its principal headquarters located in Valley Village, California, in a reverse merger. ADVERTISEMENT
The proposed merger is subject to numerous conditions precedent, and will involve a change in stockholder control of SMXT, change of management, change of corporate name, change of corporate headquarters and other significant matters. The proposed merger is expected to involve a 1:4 reverse stock split of the current outstanding shares of SMXT. The company estimates that the merger will close in 60 days or less.
College Tonight (CT) is a social networking experience and marketing platform, which is designed to promote actual social interactivity among college students. Due to the mobile nature of the site, the service's design is also structured for the mobile user, focusing on nightlife events and social opportunities both directly on a student's campus and within their broader communities. CT's platform allows advertisers to tap into the world of active, outgoing and socially motivated college students - the trendsetters and "tastemakers" in our society. The launch of a fully functional website is scheduled for September.
This release includes forward-looking statements. Such statements involve risk and uncertainties, which could cause actual results to differ materially from those, set forth herein.
-------------------------------------------------------------------------------- Source: Simex Technologies, Inc.
Posted by R.A. on :
+ 5900%
Posted by jilly123 on :
7900%
Posted by jilly123 on :
8150%
Posted by jilly123 on :
8650% unbelieveable
Posted by Homersbud on :
unreal 10900% close
Posted by jilly123 on :
i just get sick seeing going over 10000%
Posted by R.A. on :
Absolutely unbeliveable!
What's so special about that website?
Posted by R.A. on :
This is the craziest stock I have seen in the OTCBB/Pink market.
Posted by Homersbud on :
Goes up 12000% when they will be doing a 1-4 RS. Someone must be short.
Posted by R.A. on :
I don't get it...
Posted by Homersbud on :
quote:Originally posted by R.A.: I don't get it...
lol, dude, I don't either. Anytime I see an RS in a PR, I run the other way. Crazy a$$ market.
Posted by lostone on :
quote:Originally posted by Homersbud: Goes up 12000% when they will be doing a 1-4 RS. Someone must be short.
whoever's short is hurting bad.. ouch.. low volume too for a .005 stock to .44 .. ouch ouch ouch shorts
Posted by R.A. on :
quote:Originally posted by Homersbud:
quote:Originally posted by R.A.: I don't get it...
lol, dude, I don't either. Anytime I see an RS in a PR, I run the other way. Crazy a$$ market.
Exactly! That was my reaction. The news were "ok" and then when I read about the RS, it was a red flag and up it goes 12000%.
As you say, it's a crazy market.
Posted by kermit42 on :
Did anybody make money on this? Or were we all just watching in awe?
Posted by 10of13 on :
I simply watched from about .11 on...LOL
quote:Originally posted by kermit42: Did anybody make money on this? Or were we all just watching in awe?
Posted by Homersbud on :
quote:Originally posted by kermit42: Did anybody make money on this? Or were we all just watching in awe?
Ya right, I ain't that lucky.
Posted by Igor R on :
Missed the one that couldve turned my life around, how cool is that ?
![[Frown]](frown.gif)
?