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UVCL next reverse merger to run..like lfza
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[QUOTE]Originally posted by j160e: [QB] [QUOTE]Originally posted by wallymac: [qb] [QUOTE]Originally posted by j160e: [qb] Nothing new here that probably hasn't been covered already but just going over a few things while waiting since there were high expectations for something by the end of January. 1. On [b]5/18/06 a def. merger agreement[/b] with Daytona Brands is announced. 2. The 10Q of 5/19/06 states: During the [b]last quarter of 2005[/b] we entered into a letter of intent with Daytona Brands to acquire that corporation in a reverse merger. I'm not sure when the pr for the LOI was released but being sometime in 2005 Q4, it took 5 to 7 months before the merger agreement was announced. 3. UVCL pr's a LOI with Pure Romance on 9/14/06 The last 10Q on 11/15/06 did say they expect to enter a def. merger agreement by the end of the month, but applying the same time frame of 5 to 7 months before the Daytona def. merger agreement was announced, a February or March announcement would not be unusual. I have no idea why they thought an agreement would be reached by the end of November (2 months after the LOI) but based on the length of time it took for the Daytona agreement, the process is obviously tedious and slow. [/qb][/QUOTE]THe Daytona Merger never went through. I believe there was an LOI for another merger prior to that and it didn't go through either. I will wait for an update before throwing any money at this one. Wally [/qb][/QUOTE]No it did not in the end, but a defintive merger agreement was signed and announced and it took 5 months after the LOI. http://biz.yahoo.com/pz/060518/99398.html Just looking at the timeframe between those two dates to compare to the Pure Romance LOI since we haven't seen that def. merger agreement announced yet. [/QB][/QUOTE]
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