Called Wall Street Communications, was informed last merger was a bust due to company in Asia not being able to provide proper audit documentaion. Merger with new company seems to be going ahead as planned with negotiations and all documentation being looked at. Company in Beijing looking forward to being listed on American exchange as are most of China's communication companies. Currently being "rushed" through the process and news should be hitting soon. Sounds to me the president is eager to find an Asian communications partner since the last non-merger and is agressively trying to close this deal. I can't see him failing again. He would lose all faith in the investors of his company not to mention damaging his own reputation. They sounded very positive, without giving out too much info, for obvious reasons.
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I just got off the phone with the chairman at TTXI. Looks like 2nd merger is moving forward smoothly. Looking forward to this one being a big gainer for me in the days to come. An added insurance, they also have a third company very interested if this one should fall through for some reason. I got in at .11, and things are awfully light right now, would be an even better time in my opinion.
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I am new to this, so take what i say with a grain of salt, but the stock is very light right now, and the bollinger bands seem to be coming together in the right way to indicate a rise. The chairman told me that the merger was going to be profitable, but that's where my knowledge ends on the subject. Once again, grain of salt, but maybe check out the bollinger bands for right around one oclock. Thanks
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