posted
I just heard from a 'reliable' source that an increase in A/S and an R/S are coming for this... I'm getting out here. I hope they are wrong, but not waiting around to find out. This is not meant as a bash, I like the company and technology, but I like my money also.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
ObjectSoft Corp. (OTC-Pink Sheets: OSFT) today announced that it expects to complete the process of renaming the company Nanergy Inc. within the next 30 days. This previously announced change reflects the acquisition by the company of the nanotechnology assets of RES Inc., formerly Terra Solar Development Corp. and also of Accusealed of Hungary.
Separately, the Company announced that its board has approved the working prototype of its first product. Mr. Moshe Gluzman, Chief Executive Officer of ObjectSoft said, "We have received and approved for manufacture a working prototype of NanoSign(TM), the Company's first commercial nanotechnology-based product. We expect to shortly release the product for manufacture and to begin shipping in the second quarter of 2005." This illuminated safety house number sign uses PVNanofilm technology so that it can recharge in low light. The high efficiency of the nanotechnology-based photovoltaic cell recharges the device for a week on only eight hours of daylight. Unlike existing devices, direct sunlight is not required. The company believes this product meets a widely-felt need. Products of this type have been recommended by police and emergency workers; however existing products have been too expensive and have too short a life to be suitable for mass marketing.
Separately, the Company announced details of its capital structure. There are about 50 million shares in the float. The number of shares authorized is 850 million. About 643 million restricted shares were issued or are issuable in connection with the acquisitions. The total outstanding after giving effect to shares issuable for the acquisition is about 700 million shares. All of the persons issued restricted shares in connection with the acquisition will be deemed control persons under SEC rules.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
