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PVNC MERGER NEWS
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[QUOTE]Originally posted by Jason0352: [QB] Posted by: jelly In reply to: None Date:5/1/2007 11:52:51 AM Post #of 1578 hey guys, just got off the phone with scott goldsmith. he says things are progressing nicely and his guess is the merger will be final within the next 2-3 weeks, if not sooner. he said shenyin is in daily contact with him and have already spent in excess of $300k towards getting the deal done, including sending pvnc some sort of retainer money. i'm sure they are not laying down that kind of cash just to back out of the deal later. he said the shenyin audits are pretty much done. mr. goldsmith says the deal is 99.9% complete. he also said shenyin is most likely going to have all their stock restricted for one year, which means no immediate dilution. great news! i also asked about the share structure, he confirmed what's in the ibox and also in their last filing: 100m a/s, 20m o/s, float approx. 5m. i did ask why the last r/m did not go through, and he said it was nothing on their end, that the other company basicly couldn't pull all their sh1t together to make the deal happen. i also asked would they be issuing any pr's to update the investment community on merger progress, he said no. he said basicly when the deal is done they will pr it, no advance warning. no fluffy pr's tells me they don't have an alterior agenda, which is good. was a very good conversation, very nice guy. i took my first position here right after the phone call and plan on accumulating more over the next week or two. looks like a 10 bagger to me. good luck all. [/QB][/QUOTE]
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