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Just did a little DD and don't think this is an investment. Just play the momo and enjoy the profits.
The company was CESY - CELERITY SYSTEMS, INC until 1/10/06.
There were 4,390,579,206 shares of common stock outstanding as of October 24, 2005
The total number of shares of capital stock that the Corporation has authority to issue is (i) twenty billion (20,000,000,000) shares
This is also a Cornell stock which is usually a bad thing:
In connection with the acquisition, additional funding of $4 million for working capital has been provided by Cornell Capital Partners to Homeland Security Capital in the form of a convertible debenture
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Here you go **NEWS**.HISC merger and acquisition in order to speed up its move to uplist 2/7/2006 8:20:02 AM
ASHEVILLE, NC, Feb 07, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (HISC) announced today it plans to pursue possible merger and acquisition candidates in order to speed up its move to uplist its stock to either the NASDAQ Bulletin Board, the NASDAQ, or AMEX exchange.
Homeland Integrated Security Systems, Inc. has begun to pursue other merger and acquisition opportunities with companies already listed on a larger exchange. The desired result would be for Homeland Integrated Security Systems and ActSoft to be traded on that exchange.WE believe that it is in the best interest of our shareholders to have found a faster way to reach the goal of placing our stock on a larger and more regulated exchange," said Homeland Integrated Security Systems, Inc. CEO, Frank A. Moody, II. "We believe this move will be better for our company and our shareholders."
The identity of the target company, as well as the exchange on which it is traded, has not yet been released.
Last year, the Homeland Integrated Security Systems, Inc. board of directors decided to uplist the company's stock from the Pink Sheets to The NASDAQ Bulletin Board, and filed an SB-2 with the Securities and Exchange Commission in December 2005 to begin that process, which takes several months to complete. Since then, Homeland Integrated Securities has completed and filed its two years of audited financial statements.
"In plain English, the reason we are doing this is we are in a hurry to get some things accomplished," Moody said. "We're small, we have a chance to grow right now, and we want to seize the opportunity."
"In the past few weeks we have found significant opportunities, both in the United States and in the Middle East, which require us to take some actions that could not be taken if we were restricted under the rules of the 'quiet period' that accompanies our SB-2 filing," Moody said. "One advantage of a small company is that it is nimble, and we need to reclaim that."
Homeland Integrated Security Systems, Inc. has filed notice with the SEC to withdraw the SB-2, effective immediately.
"The reason for the withdrawal is simple," Moody said. "The rules wouldn't allow us to pursue both the SB-2 and the acquisition at the same time, so we had to choose.
"Negotiations for the proposed acquisition should be completed with an offer tendered to the shareholders during the 2nd quarter of this year," said Moody.
That acquisition is in addition to the Homeland Integrated Security Systems, Inc. merger with ActSoft.
Homeland Integrated Security Systems, Inc. is arranging for a nationwide teleconference with its shareholders to discuss this and other issues relating to the business. This teleconference also will include a Web-based demonstration of the company's Cyber Tracker, which is now in full production.
Details of the teleconference and Webcast will be announced within the next couple of weeks.
For more information on Homeland Integrated Security Systems, Inc. or the Cyber Tracker, please see www.hissusa.com.
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Great day! Profit takers going into close which only means another run up tomorrow with chasers. Heavy volume and by the way, if you know who the new CEO is then you would understand why it is a long play for me as this is only the beginning. Take a look at today's pr as the exchange of stock will be at .01 for the acquisition. Enjoy the ride folks as this is only a baby step of what is to come! New leadership, new company, this is not CESY as that entity is gone. This is HMSC and you will know them better over the next few years.
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or a 10% discount to the volume weighted average price of the company's common stock during the 30 days prior to conversion. Cornell Capital is limited in such conversion to owning not more than 4.99%.
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It is an acquisition/ merger so it is all relative as they are going to be under one umbrella. Just the first step to the many positive moves this company has planned.
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Would've of been EASY money.
