posted
I see the vol picking up... 194040 I think it will fly again once the deal is announced. CD
Posts: 240 | From: Buda, Texas, USA | Registered: May 2004
| IP: Logged |
posted
agreed..once we get some buying pressure this can take off..I tried calling their contact to see what the status of the merger was but he is out of the office till the 20th.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
I'm still new at this but how will news of the merger effect share value?
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
posted
I think the merger will up the price. Either spike it up, or in some cases a slow rise. We are already seeing the rise, and the spread is wide between bid and ask. I have been in and out on this one during the week and banked it. I am still a player on this one as I think it will go back up. May take a little time, week or two to hit the .10+, but think it will get there. I think it is a good play if you get in low with it. Do your DD.
posted
I talked to their investor relations guy and he said that shareholders have approved the merger and that a pr should come out soon about the approval and that final details are being worked out. Hopefully in the next couple weeks the merger will be finalized and another pr will be released.
There will be a 1 for 10 reverse split so the OS will go from currently 44 million to 4.4 million
The commpany in China that they are merging with had revenues of nearly 31 million last year with a net income of 8.9 million.
posted
Has anyone tried to sell yet with such little volume. Looks like a big runner, needs a good kick in the butt. not sure about the reverse split though. I'm sure the merger would up the pps considerably though. I like!!!!
Posts: 192 | From: tucson | Registered: May 2004
| IP: Logged |
posted
I am going to hold it for a little while and see what it does. I think it is worth the risk. I got in at the .03 and believe it will go up from there. Do your DD. CD
Posts: 240 | From: Buda, Texas, USA | Registered: May 2004
| IP: Logged |
posted
Even if there is a reverse split, does anyone think that it could still make a run afterwords? Can anyone else confirm this reverse split?
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
posted
Could get stuck in this one also, As some did with KARE. They buy, but can't sell there position. Be careful!!!
Posts: 192 | From: tucson | Registered: May 2004
| IP: Logged |
posted
Seems like the volume is picking up a little bit, how come the price is still holding firm at .03? Shouldn't it move with a low float and increasing volume?
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
posted
I think nothing is going on because of rumors of potential reverse split. After the reverse split though I'm gonna buy this stock.
Posts: 35 | From: Santa Barbara, CA, USA | Registered: Jul 2004
| IP: Logged |
posted
If it was going to do a reverse split wouldn't the mm's being selling it off??
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
posted
Does anyone have an investor relations phone number or something so i can find out what the deal is here. Still no merger, still no reverse-split, stock just kinda hangs out.
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
Amtech Resources Signs Agreement to Merge with Xin Hong Ye Real Estate Development in People's Republic of China
***
Business Editors NEWPORT BEACH, Calif.--(BUSINESS WIRE)--ARII-- Amtech Resources (Pink Sheets:ARII) has signed a Letter of Intent to merge with Xin Hong Ye Real Estate Development Inc., one of the fastest growing real estate development companies in South China with over $30 million (USD) in revenues. Terms of the merger were not disclosed. Amtech anticipates that the merger will be finalized within the next few weeks pending shareholder approval. With headquarters in Shun De, in the Hong Gang Gan Yaun Industrial District, Guaong Zhou Province, Xin Hong Ye specializes in the design, construction and property management of shopping centers, office buildings, housing projects and toll roads. The company has developed an exceptional reputation for its high quality of work with government agencies throughout the People's Republic of China. Xin Hong Ye Real Estate Development Inc. has been incorporated in the People's Republic of China since 1992. The company is currently involved in a massive city development project in Northern China and construction of a large land fill site in Southern China. Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements. KEYWORD: INTERNATIONAL ASIA PACIFIC CALIFORNIA INDUSTRY KEYWORD: BUILDING/CONSTRUCTION REAL ESTATE MERGERS/ACQ _________________________________________ SOURCE: Amtech Resources CONTACT INFORMATION: Pegasus Capital Inc. for Amtech Resources Raymond J. McNamee, 949-706-0141 ____________________________________
quote:Originally posted by chshore: Does anyone have an investor relations phone number or something so i can find out what the deal is here. Still no merger, still no reverse-split, stock just kinda hangs out.
posted
Amtech Resources Gets Shareholder Approval to Complete Merger with Xin Hong Ye Real Estate Development NEWPORT BEACH, Calif., Aug 5, 2004 (BUSINESS WIRE) --
In a Special Shareholders' meeting held July 20, 2004, Amtech Resources (Pink Sheets:ARII) has received approval to complete its merger with Xin Hong Ye Real Estate Development Inc., in the People's Republic of China. In addition, shareholders approved a 1-for-10 reverse split and a name change to Xin Hong Ye Real Estate Development Inc. Amtech anticipates that the merger will be finalized within the next few weeks upon receipt of approval from the local Chinese authorities.
"We had expected to complete the merger by the end of July," stated a company spokesperson, "but are taking every step necessary to insure that all government regulators are satisfied with the acquisition. This is an exciting opportunity for both Xin Hong Ye and, most importantly, our shareholders."
Xin Hong Ye Real Estate Development Inc., incorporated in the People's Republic of China since 1992, with headquarters in Shun De, in the Hong Gang Gan Yaun Industrial District, Guaong Zhou Province, specializes in the design, construction and property management of shopping centers, office buildings, housing projects and toll roads.
posted
Is this reverse split going to help? This already has a low float right? So one tenth of that would make it ultra low. Any of you experienced traders think this will move up any? I'm hoping for just a 30% increase in pps after the split myself.
Posts: 65 | From: Jacksonville, Fl | Registered: Apr 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
