quote:Originally posted by amswap: APOA is now down 25%. Any correlation?
After a company just announces "sorry, we suck at what we do and are going to change our business model" I'd probably be a bit wary too in the short term - which is what this is.
-------------------- Well done is better than well said. Ben Franklin Posts: 718 | From: Bay Area, CA | Registered: Aug 2005
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quote:Originally posted by stockforfun: .0003 is coming soon.
Everyone should sell it now before you lose all money !!!
As mentioned before f*** off dude --- if you've got nothing productive to say or share then don't waste our time! Kids should be in school anyways so stop skipping otherwise Santa wont come this yr at all! That's my gold so get a life!
Posts: 610 | From: Victoria | Registered: Dec 2004
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ParaFin Corporation Signs Letter of Intent to Purchase 12.2 Million Metric Tons (89,426,000 Bbls.) of Rebco Crude for 536,000 Series "A" 8% Convertible Preferred Shares at $10,000 Per Share
ParaFin Corporation has announced that, on Friday, April 21st, Sidney B. Fowlds, President of ParaFin Corporation, executed a Letter of Intent with International Project Finance and Investment Corporation (Bahamas) on behalf of Oy Coral Marine Management LTD (Moscow, Russia) (referred to as "IPF") for the acquisition of 12.2 Million Metric Tons (or 89,426,000 barrels) of REBCO Crude Oil for delivery over the next twelve (12) months in exchange for 536,000 Series "A" 8% Convertible Preferred shares at $10,000 per share and the right for ParaFin to retain US$5.00 per barrel, before commissions, of Rebco Crude sold by ParaFin set forth in the Letter of Intent.
Agreements and Contracts as indicated in the LOI are expected to be finalized and executed by April 28, 2006. The "A" Preferred shares will be registered through the listing services of Euroclear or over the Bloomberg listing services.
The Terms of Purchase of the Rebco Crude states that IPF will cause the 12.2 million Metric Ton (approximately 90 million Bbls.) Oil Allotment to be transferred to ParaFin in consideration of which the Parties will enter into one or more definitive oil and stock purchase agreement(s) for the issuance by ParaFin of approximately (i) Five Hundred Thirty Six Thousand (536,000) shares of Series "A" 8% Convertible Preferred Shares * US$10,000 per share (the number of Preferred shares issued subject to adjustments upward or downward, as may be applicable, based upon the market price established by the Brent Platt price of the Oil Allotment as of the date of closing of the Transaction) less a five dollar (US$5.00) discount per barrel before selling commissions to be retained by ParaFin); and (ii) Five Thousand (5,000) shares of Series A-1 Convertible Preferred Shares to IPF or its designee, which oil and stock purchase agreement(s) shall generally provide such terms, conditions, warranties, representations, covenants, conditions, indemnification and other terms that are usual and customary for transactions of this nature (the "Transaction").
APO Health, Inc. and JUPITER Global Holdings, Corp. Announce Signing of Definitive Agreement and Plan of Merger
APO Health, Inc. ("APO") and JUPITER Global Holdings, Corp. today jointly announced their execution of a Definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which APO has agreed, through a wholly owned subsidiary, to acquire 100% of the issued and outstanding common shares of JUPITER, and JUPITER has agreed, at the closing of the transaction, to become a wholly owned subsidiary of APO. As consideration in the merger transaction, APO has agreed to exchange shares of its common stock ("the Issuable Shares") with JUPITER's shareholders at an exchange ratio, which is subject to adjustment under the Merger Agreement that values the JUPITER shares at $0.005 per common share.
Jan Stahl, the Chief Executive Officer of APO, commented, "APO is making a shift in its business future and JUPITER, and primarily its subsidiary, Macro Communications, Inc. ( www.macrosouth.com), presented the best opportunity for us to build a significant operation under a new direction for our shareholders. Our aim was to chart a new course for APO that would result in accelerated growth and increased shareholder value. The challenges we have experienced in growing our health subsidiary prompted the development of our plan for change that included a process of looking for opportunities outside of the health industry and ultimately develop a business with holdings that could provide for significant value creation. Macro Communications, Inc. is a business that we believe has vast potential. It is currently a multimillion dollar operation that has a business plan which includes other acquisition candidates and a comprehensive strategy for growth and profit generation. We look forward to welcoming the JUPITER shareholders as APO shareholders and feel very strongly on the new combined entities moving forward." Ray Hawkins, the Chief Executive Officer of JUPITER, commented further, "The execution of this agreement results from a diligently prepared and successfully executed plan that we had implemented to move JUPITER forward for the future growth of the company, and ultimately for the enhancement of value for the JUPITER shareholders. APO is a solid company which currently is a multimillion dollar operation, and we feel this merger provides a great opportunity for our shareholders' growth prospects. We are very pleased with the valuation that we received from APO and feel it is fair for our shareholders. We look forward to the consummation of this transaction and setting things in motion to develop a new path of success for the combined corporations." The parties have agreed to use their best efforts to consummate the transaction by May 10, 2006, or as soon as practicable thereafter.
The Merger Agreement will be filed by APO as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required. The Merger Agreement contains certain conditions precedent to consummation of the merger, including but not limited to, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents. The Merger Agreement provides that the Issuable Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) APO receives an opinion of counsel for APO that an exemption from the registration requirements of the Securities Act is available.
ABOUT APO HEALTH, INC.
APO Health, Inc., a Nevada corporation, through its subsidiary distributes medical, dental and health and beauty aids products to dental and medical professionals and wholesalers throughout the United States.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp., a Nevada corporation, is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Luggage Express To Participate In 14th Annual Airline CEO Conference
Universal Express Inc. subsidiary Luggage Express is a participating sponsor in this year's International Airline Conference being held at the Doral Country Club in Miami, Florida from April 30th to May 2nd, 2006.
"During the past 13 conferences, 25 to 30 Airline CEO's and an average of over 30 airlines have attended each conference. This year's event highlights include a cargo panel, a United States Airline panel and a Regional Airline Panel," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"Obviously, introducing our luggage service and its financial potential to airlines and to demonstrate the convenience for travelers to CEO's and COO's in the airline industry is of great interest to our branding and marketing plans. We are pleased to be involved and enthusiastically embrace this educational opportunity," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
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-------------------- Value Investor.
Intelligent Investor - Ben Graham Posts: 253 | Registered: Apr 2005
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posted
repo, someone posted the merger/buyout scenario for this one yesterday. I can't remember who and how many pages back, but in some ways it applies to this situation. The swap involves a locked price for our shares vs avg 20-day pps for parent. This is MM activity - all IMO. Too much fun. Just keep your eye on your goal and gloss over the unimportant stuff.
posted
Maybe APO will go down to .0001. We'll get 50 shares of APO for every share of JPHC, in that case you'd get 5x your investment if you bought JPHC at .001 and 7.14x your investment if you bought at .0007 and 3.5x your investment if you bought at .0014.
Just kidding (although that is how the numbers would work out literally)
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Huge volume traded over at apoa (1.5 mil already) compared to their 56K avg volume
Posts: 610 | From: Victoria | Registered: Dec 2004
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posted
Do you think this is some mutant Reverse Merger, where JPHC is really taking over APOA??? I mean, if the golden egg here is Macro, a subsidiary of JPHC, maybe they are going to run the show.
Maybe APOA shareholders know this and are heading for the hills.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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