-------------------- His men would follow him anywhere, if only out of morbid curiosity Posts: 83 | From: brazoria, texas, brazoria | Registered: Dec 2004
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posted
On September 15, 2004, we effected a 1 for 6 reverse split of our common stock and correspondingly decreased our authorized shares common stock from 250,000,000 to 41,667,667. As a result of the reverse split, our outstanding shares of common stock were reduced from 135,656,013 to approximately 22,634,392, subject to rounding.
On November 15, 2004, we increased our authorized common stock from 41,667,667 shares to 300,000,000 and created 50,000,000 authorized shares of preferred stock, pursuant to the Written Consent of Shareholders holding a majority of the voting power of our....
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a pink with that many common shares in the o/s???? i haven't been in pinks for yrs only about 3 months longer then i've been here at allstocks but i don't remember seeing a pink with that low an o/s not even close. 50 mil perferred & 23 million common??? most pinks don't report because those numbers start around hundreds of millions if not into billions. if the financial comes out tuesday which by the way is another first for a pink & its good i'd look for a nice jump in price. i'm in at .22 & i'll hold till tuesday & see. plus the chart angel posted looks good according to what i've seen others who follow charts say.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
this was filed today with the SEC. i've copied only parts of it.
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Outstanding Shares and Voting Rights ------------------------------------
As of the close of business on January 7, 2005, the Record Date for shares entitled to notice of and to sign written consents, there were 51,609,392 shares of our common stock outstanding. Each share of common stock is entitled to one vote for each share held. Majority Shareholders owning 55.45% of the voting power have executed a written consent in favor of the action described above. This consent will satisfy the shareholder approval requirement for the proposed action. Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the proposal will not be adopted until a date at least 20 days after the date on which this Information Statement has been mailed to our shareholders. The Company anticipates that the Company name change contemplated herein will not be effected until we file with the Nevada Secretary of State on or about the close of business on February 7, 2005. As of January 7, 2005, there were 51,609,392 shares outstanding.
Number Percent Name of Beneficial Owner (1) of Shares of Class ---------------------------- ---------- -------- Martin Grenier 10,000,000 19.4% Seijin Ki 3,500,000 6.8% David Schild 2,900,000 5.6% Betty Castiglione 3,100,000 6.0% Tony Papa 3,300,000 6.4% Harry Ki 2,850,000 5.5% Sandy DaCosta 2,970,000 5.7%
(1) The address of each person is care of the Company.
The following table sets forth information as of January 7, 2005 with respect to the beneficial ownership of common stock by all directors, each executive officer and directors and executive officers of the Company as a group.
Name of Beneficial Position with Number of Percent Owner Company Shares of Class ------------------ ----------------- --------- -------- Peter Preston Chief Executive 166,667 * and Financial Officer, President, Secretary, Treasurer, and Director
Russell Heaton Director 166,667 *
All Directors and 333,334 * Officers as a Group (2 persons)
* Less than 1%
3
AMENDMENT TO ARTICLES OF INCORPORATION TO EFFECT A NAME CHANGE OF THE COMPANY
On January 7, 2005, the Board approved, subject to receiving the approval of a majority of the shareholders of our common stock, an amendment to our Articles of Incorporation to change the name of our Company from "Bach-Hauser, Inc." to "Financial Access Solutions Technology, Inc."
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a pink filing complete reports with o/s & share structure???? according to this only 23 million in the float. looking forward to tuesday
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
if you are going into this, and holding for the dollar(which might take a while) keep a close watch on the PREFERED shares....they are sometimes convertible for multiple common shares....
i haven't dd'ed it all out yet...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Member Rated: posted January 07, 2005 19:04 -------------------------------------------------------------------------------- if you are going into this, and holding for the dollar(which might take a while) keep a close watch on the PREFERED shares....they are sometimes convertible for multiple common shares....
i haven't dd'ed it all out yet... ================================
i'd agree glass..i'm thinking more along the lines that a financial report tuesday even close to backing up a buy out of $1 & a starting low o/s could send a bump up at least 50%. i would have to agree with the dilution idea. the sec filing today listed its current o/s & insider shares leaving 23 million in the float, 5.5 million were traded today about 20% of the float yet it didn't go up that much about .06
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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-------------------- His men would follow him anywhere, if only out of morbid curiosity Posts: 83 | From: brazoria, texas, brazoria | Registered: Dec 2004
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quote:Originally posted by imran: so do u guys suggest i sell???
i bought it at about this price.
please let me knwo what u guys would do
Thanks!
It's definitely a crap shoot in the penny's. And like you, I'm somewhat unsure of myself, which is why I never come in SCREAMING about a stock, strongly urging everyone to buy and all that jazz. I just present what my research has found, and as there are MANY more experienced traders here than myself, I hope that if I've missed something, they will point it out.
To me, this board is for my education, and I read 100:1 more than I post (except maybe when I'm drinking, like on New Years weekend - sorry if I offended anyone). I try to learn from everyone I can, even if they're wrong - I want to see where their thinking process went astray. I've seen some that excercise exceptionable judgement, chart-reading ability, etc. Some of those folks may at times get "religious" about a certain stock, acting in a way that contradicts the way they usually analyze stocks. I DON'T think there is anything wrong with that - it's human nature.
It's a great learning experience, and a lot of fun. What more can a person ask for?
Posts: 277 | From: San Jose, CA USA | Registered: Dec 2004
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posted
I'm still learning and have a question for the more experienced investors of allstock:
If the Fortune 1000 group (traded in Canada, symbol FRT on the TSX Venture Exchange) buys BHSR's shares, wouldn't the current BHSR investors get canadian shares of FRT? Or would these investors only get the money?
Thanks for the help understanding this issue!
Posts: 73 | Registered: Jan 2005
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posted
risky, that is up to the negotiaters.... then it should be voted on by the shareholders... there are infinite numbers of ways to do a buyout.....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
This company is registered in NV with home office in Ontario and bought a Quebec CO (DM2) which appears to be there only viable business.
Still DM2 seems to be well received from what I can dig up and although I can't figure out what the exact # of outstanding shares are, at least they told us the name of the Co seeking to buy them out...which is more than I've gotten out of MLON
Posts: 908 | Registered: Dec 2004
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Rate Member posted January 07, 2005 22:04 -------------------------------------------------------------------------------- This company is registered in NV with home office in Ontario and bought a Quebec CO (DM2) which appears to be there only viable business.
Still DM2 seems to be well received from what I can dig up and although I can't figure out what the exact # of outstanding shares are, at least they told us the name of the Co seeking to buy them out...which is more than I've gotten out
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read the above SEC filing from today...51,609,392 o/s as of today. i missed copying the part about the insiders owning the majority but the list of insiders & what they own is in the post. its just over 50%.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Can someone help me with the chart Angell1 posted. It kind of looks like the "three white soldiers" but it doesn't meet all the criteria. Does this chart still repsent The bullish tendencies of the "three white soldiers" chart?
posted
Will be watching this one at open ... held strong on Friday ... and with the financials due today/romorrow we should find out if its really true ... $1 or more!
Posts: 41 | Registered: Apr 2004
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posted
The $1 per share price is an estimate of worth by BHSR. They are trying to pump the price to get a better bid for the buyout.
Posts: 44 | From: San Diego, CA | Registered: Oct 2004
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Rate Member posted January 10, 2005 10:36 -------------------------------------------------------------------------------- The $1 per share price is an estimate of worth by BHSR. They are trying to pump the price to get a better bid for the buyout. ==============================
and the problem with that is??????...lol if the financials come out as stated, tomorrow & the income comes close to making the value near $1 per share it should drive the pps up. 2 weeks ago the pps was .11 its .24 now & most of that move was before the buy out pr. i'm not saying i'd hold past wedn. but it seems worth holding till the pr.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
Fortune 1000 Group Inc. Makes Correction to an Announcement that it Has Made an Offer to Acquire Bach-Hauser Inc. QUEBEC CITY, Jan. 10 /CNW Telbec/ - Fortune 1000 Group Inc. (TSX Venture Exchange: FRT) informs its shareholders and the general public that it has not yet presented an offer to acquire the totality of issued and circulating shares of Bach-Hauser Inc. (BHSR), a U.S. company traded on the OTCBB Stock Exchange under the symbol BHUS.OB. This refutation is in response to a press release issued on January 7, 2005 by DM2 Technologies Inc., a wholly-owned subsidiary of BHSR, announcing that Fortune 1000 Group Inc. had submitted a proposal to BHSR for the purchase of 100% of its shares. "There were, however, certain discussions between company directors in December to evaluate Fortune 1000 Group's interest in initiating a due diligence review of BHSR and its wholly-owned subsidiary DM2 Technologies Inc. Currently, no letter of intent or agreement has been signed to this effect and no serious evaluation of the acquisition price has been made," affirmed company CEO François Taschereau.
Fortune 1000 Group, with head offices in Sainte-Foy, Québec, is a leader in the development and marketing of accounting, commercial and banking management systems.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the release. %SEDAR: 00019855EF
posted
i have to agree boletus...lets hope they release the pr as stated tomorrow showing good profit numbers
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
looks like the bleeding has stopped...the last 7 trades have been buys at .16.....looks like the sells in the morning got .24 to .25. dont see any sells higher then .25
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
well the only silver lining in this cloud is that volume is way up, thus many are watching it. if the financial pr comes out tomorrow as stated many will see it. it better be as they stated friday, showing profits making the share value around $1. looking back at its history they aren't afraid to report. friday they not only reported the name change but entire share structure. the float is low. they need to report profits around $25 million i'd think which would equate to about a .50 eps. thus with bluesky they could say a buyout should be worth $1 per share
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
i guess the offer from fortune 1000 was real. financials in the morning. maybe those that held can break even if not make a penny or 2.
MONTREAL, Jan. 11, 2005 (PRIMEZONE) -- Bach-Hauser, Inc. (Pink Sheets:BHSR) announced today that it has received a draft of the conditional letter of intent from Fortune 1000 Group to acquire Bach-Hauser.
The Board of Directors is currently reviewing the proposal. The letter of intent does not include a purchase price but paves the way for detailed negotiations to occur and a due diligence process to begin in order to reach a fair value of the company and that it is in the best interests of its shareholders.
This announcement has been approved by both companies.
Bach-Hauser will be issuing its revenue projections for calendar year 2005 tomorrow morning.
About Bach-Hauser, Inc.
Bach-Hauser, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies. At present, the company has 1,500 installed terminals throughout Canada. It has another 4,000 terminals under contract to be installed which are presently being rolled out.
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bankcard and credit card payments. DM2 Technology has been in the business of handling Interac and credit card transaction payments since the government of Canada deregulated this market. At present, DM2 has terminals in retail outlets in every province except for Newfoundland and PEI. DM2 has growing list of corporate clients and strategic partners such as Rogers Communication, Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.
CONTACT: DM2 Technology Inc. Martin Grenier (514) 448-6070
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
This one is getting more confusing all the time. I started the thread, bought in, then bailed, now I'm not sure if I should be regreting it, and try to get back in.
Posts: 277 | From: San Jose, CA USA | Registered: Dec 2004
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-------------------- His men would follow him anywhere, if only out of morbid curiosity Posts: 83 | From: brazoria, texas, brazoria | Registered: Dec 2004
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posted
waiting for income forcast this morning...thats the teller. if it is what they say it is it should run. volume the last few days says ppl are watching it. if income numbers support even close to the $1 per share buyout it could run up 50% at least 25%
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
True, but once again ill take my 16%. See you again if it drops and good luck to all.
-------------------- His men would follow him anywhere, if only out of morbid curiosity Posts: 83 | From: brazoria, texas, brazoria | Registered: Dec 2004
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Bach-Hauser's Projected 2005 Revenue 1/12/2005 3:20:13 PM MONTREAL, Jan 12, 2005 (PRIMEZONE via COMTEX) -- Bach-Hauser (Pink Sheets:BHSR) is pleased to announce projected revenues for calendar year 2005. Bach-Hauser's fiscal year end is December 31, 2005. At present Bach-Hauser's revenue is generated from its wholly owned subsidiary DM2 Technology, Inc.. DM2's fiscal year end is May 31, 2005. The projected revenue figures were generated by DM2 technology.
DM2 revenue is generated from three distinct sources all originating from POS (point of sale) terminals contracted under DM2 and installed in individual merchant outlets; such as traditional retailers, online retailers, taxis and courier companies. The three sources are electronic PIN distribution for pre-paid long distance cards, pre-paid wireless phone cards, and processing traditional POS transactions (credit card and debit card payment transactions).
The company is conservatively estimating revenues from all sources to be $15,000,000.00 this calendar year. This estimate is based on present terminals that are active in the field and terminals under contract that will be installed this year. The company has experienced tremendous growth in the past four months and we expect to maintain this high level for the balance of this year.
About Bach-Hauser, Inc.
Bach-Hauser, Inc. through its wholly owned subsidiary DM2 Technology is a provider of specialized POS equipment and software, which provides greater flexibility and reliability for debit and credit card financial payments. The company currently sells its products and services through traditional retailers, online retailers, taxis and courier companies. At present the company has 1,500 installed terminals throughout Canada. It has another 4,000 terminals under contract to be installed which are presently being rolled out. www.dm2debit.com
DM2 Technology specializes in the sale of POS (point of sale) equipment and software to handle bankcard and credit card payments. DM2 Technology has been in the business of handling Interac and Credit Card transaction payments since the government of Canada deregulated this market. At present, DM2 has terminals in retail outlets in every province except for Newfoundland and PEI. DM2 has a growing list of corporate clients and strategic partners such as Rogers Wireless Communication, Dynacard Capital, Ingenico, Lipman, Datawest, CIT, BCE Emergis, Datawest, EasyHome, and Teleplus.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.
SOURCE: Bach-Hauser, Inc.
DM2 Technology Inc. Martin Grenier (514) 448-6070
(C) 2005 PRIMEZONE, All rights reserved.
Posts: 7 | From: Nashville, TN | Registered: Jan 2005
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