posted
I have been watching this stock for a couple of weeks and I think it could be a good play if the merger goes through. Since the announcement of the proposed merger the stock has gone to .035 . Dalian's web site is here but needs to be translated. There are less than 40m o/s. In Oct the stock was .0001 . Dalian manufactures and sells copper clad aluminum and copper clad steel.
Parallel Technologies, Inc. (OTCBB: PLLK 0.025 x 0.027) issued a 10Q that included information that they have entered into a Stock Purchase Agreement with Dalian Fushi Bimetallic Manufacturing Company, Ltd. Dalian Fushi is a corporation organized under the laws of the Peoples Republic of China which manufactures and sells in China copper clad aluminum wire and copper clad steel wire. Simultaneously with the closing of the Stock Purchase Agreement, the Company expects to complete a series of transactions, contemplated pursuant to a nonbinding letter of intent between Dalian Fushi and certain potential investors, to effect, or have substantially the effect of, a reverse merger of the Company with Dalian Fushi. Dalian Fushi and the Company are in the process of negotiating with these certain potential investors regarding the structure and consummation of these transactions.
Posts: 167 | Registered: Dec 2005
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posted
I like it. I will be looking at it real hard. OT look at ASHN.OB also. Similar situation. I bought at .22 and it was as high as .80 Sold some but I still have a few shares waiting for 1.00
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