posted
The company needs to do this to move on. This is just the start of moving up.
Nearly half of the companies trading on a small cap exchange went public by way of a reverse merger. Most private companies that go public by way of a reverse merger experience higher evaluations once public. Most private companies have an easier time raising capital after going public due to shareholder liquidity and reporting requirements. Ted Turner did a reverse merger with Rice Broadcasting Inc. which became Turner Broadcasting Inc. Blockbuster Video went public by way of a reverse merger.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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imakmony2005
unregistered
posted
LL2s look like they just might let it up! JMO
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i really dont think this is a bad thing at all..may take a lil more time to get the ball rolling, but im in it for the long run...i have a good feeling abt this company.! GO LFWK
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
i feel we may hear something really good tommorrow or Friday...and then this is going to run hard
Posts: 1551 | Registered: Feb 2006
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posted
Hmmm, thought for sure this would not only be on the front page, but at or near the top, instead I find it near the bottom of page two? Ameritrade shows no trading since yesterday. Are we in the middle of a cusip / ticker / exchange move? So, anyone know what's up? Posts: 616 | From: Mid West | Registered: Mar 2006
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posted
I sure hope so, looking around the other boards, that seems to be the thought process, would love to see this just blast off any day now...pacient is a virtue, but im ready to start laughing all the way to the bank...lol...GO LFWK
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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Jul 13, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Today our stock watch alerts today include stock alerts for LoftWerks, Inc. (OTC: LFWK), MGN Technologies, Inc. (OTCBB: MNGLF), mPhase Technologies, Inc. (OTCBB: XDSL), ERUC Management Company Inc. (OTC: ERUG), and HepaLife Technologies, Inc. (OTCBB: HPLF)
OTC STOCK ALERTS
LOFTWERKS, INC. (OTC: LFWK) "Up 9.69% at close on Wednesday"
LoftWerks, Inc. (OTC: LFWK), founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks' target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.
LFWK News:
July 12 - LoftWerks/Sulja Completes Share Increase for Reverse Merger
LoftWerks/Sulja (Other OTC:LFWK.PK) increased its common shares to 800 million shares. A company spokesperson commented: "The incorrect value listed at the State of Nevada is being corrected to show 800 million Authorized shares for LoftWerks/Sulja."
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy."
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imakmony2005
unregistered
posted
7/13/2006
Jul 13, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Today our stock watch alerts today include stock alerts for LoftWerks, Inc. (OTC: LFWK), MGN Technologies, Inc. (OTCBB: MNGLF), mPhase Technologies, Inc. (OTCBB: XDSL), ERUC Management Company Inc. (OTC: ERUG), and HepaLife Technologies, Inc. (OTCBB: HPLF)
OTC STOCK ALERTS
LOFTWERKS, INC. (OTC: LFWK) "Up 9.69% at close on Wednesday"
LoftWerks, Inc. (OTC: LFWK), founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks' target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.
LFWK News:
July 12 - LoftWerks/Sulja Completes Share Increase for Reverse Merger
LoftWerks/Sulja (Other OTC:LFWK.PK) increased its common shares to 800 million shares. A company spokesperson commented: "The incorrect value listed at the State of Nevada is being corrected to show 800 million Authorized shares for LoftWerks/Sulja."
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy."
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: LoftWerks/Sulja -- Red Sea Group Replaces Kore International for Investor Relations
WINDSOR, ON, Jul 14, 2006 (MARKET WIRE via COMTEX) -- A LoftWerks/Sulja (PINKSHEETS: LFWK) company spokesperson announced today that Kore International has reached a mutual agreement with Red Sea Group to strengthen Investor Relations. All Investor Relations functions will be performed by Red Sea Group in the near future.
Red Sea Group is located in Abu Dhabi, United Arab Emirates. Red Sea Group will introduce current LoftWerks/Sulja Abu Dhabi and Saudi Arabian projects to Middle Eastern investors in conjunction with the Investor Relations function.
CEO Steve Sulja stated: "Consultech's initial business reach into the Middle Eastern market is rapidly expanding. LoftWerks/Sulja is gearing up to supply these large projects."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
posted
From another board Amazing performance of Shells
J.L. Halsey Corporation (OTCBB: JLHY, previously NAHC) was added to the Profile List on 10/02/2000 at $0.006. On 05/12/05 they announced a reverse merger with Lyris Technologies, Inc. and closed at $0.32 on volume of 419,700, a gain of 5,233% in 4 yrs 7 months. UPDATE: traded as high as $0.79 on volume of 688,300 on 08/23/05, a gain of 13,000%!
Sports Entertainment Enterprises, Inc. (OTCBB: SPEA) was added to the Profile List on 07/24/2002 at 0.05 x 0.15. On 12/15/04 it traded at 0.10 per share. On 12/16/04 they announced a reverse merger with an entity (Robert F.X. Sillerman, CKX, Inc.) that will acquire a majority interest in the assets comprising the estate of Elvis Presley and closed at $6.41 on volume of 1,339,073, a gain of 6,300% in one day. UPDATE: traded as high as $30.65 on volume of 57,100 on 05/09/05. DETAILED INFO HERE
St. George Metals, Inc. (OTCBB: SGGM) was added to the Profile List on 04/22/03 at .003 x .009, traded as high as .75 with volume of 653,300 on 09/08/2004, a gain of 8,233% in 17 months. They announced a joint venture on 09/02/2004.
Cyco Net, Inc. (OTCBB: CYKE) was added to the Profile List on 11/06/03 at 0.02 x 0.04, traded as high as .48 with volume of 544,433 on 11/21/03, a gain of 1,100% in 15 days. They announced a reverse merger on 11/24/03. UPDATE: traded at $1.30 with volume of 618,007 on 01/22/04, a gain of 3,150% in 11 weeks.
Geoworks Corporation (OTCBB: GWRX) was added to the Profile List on 04/22/03 at 0.017 x 0.02, traded at a high of 0.47 with volume of 2,333,600 on 06/10/2003, a gain of 2,250% in 7 weeks.
Laser Recording Systems, Inc. (OTCBB: LSRY) went from 0.025 on 04/14/2003 to a high of 1.50 on 05/05/2003 after a reverse merger was announced on 04/24/2003, a gain of 5,900% in 3 weeks.
HomeCom Communications, Inc. (OTCBB: HCOM) was addedto the Profile List on 04/09/2002 at 0.005 x 0.007, traded at 0.001 on 03/19/2003, announced a merger on 03/28/03, and hit a high of 0.10 on 03/31/2003. The range between the low and high was 9,900% in 2 weeks.
TopClick International, Inc. (OTCBB: TOCK) went from 0.011 on 05/15/2001 to a high of 0.35 after a reverse merger was announced on 06/04/2001, a gain of 3,081% in 3 weeks.
Great Wall Food & Beverage Corp. (OTCBB: GWFB) was added to our Profile List on 5/28/01 at 0.51 x 0.75. On 12/07/2001, it forward split 10 for 1, changed it's symbol to DUVT, and was bid at $1.70, a gain of 2,166% in less than six months.
-------------------- This is the start of something big Posts: 242 | From: Michigan | Registered: Apr 2006
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posted
With the announcement of changing to the Red Sea Group is located in Abu Dhabi, United Arab Emirates for public relations, could they be anticipating getting big money middle eastern investors? If that happens, this could really take off. jmho
Posts: 147 | From: Houston | Registered: Dec 2005
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Red Sea Group is an interna- tional investment company with holdings in Europe, South Africa, Asia and the United States. The company has recently purchased more than $300 million in office, retail, multi-family and industrial properties across the United States. ----
Red Sea Group was founded in the late '60s by Eli Papouchado. His son, Avner Papouchado, is CEO of Red Sea Group U.S.
The company employs approximately 1,000 people worldwide. Red Sea Group's activities include the development and management of hotel, residential, retail and medical facilities mostly in Israel, Europe and the U.S. The company has focused some of its development activity in the growing eastern and central European market.
The company sold much of its diverse real estate holdings -- which included apartments in the southwest U.S. -- during the strong market of the late 1990s and is now rebuilding its portfolio.
The Red Sea Hotels Group may not be a household name here, but it has the European and Middle East franchise for a number of hotels operated by the well-known US Park Plaza and Park Inns chains.
It has six Park Plaza hotels in Germany, three in the Netherlands, three in France, one each in Antwerp, London and Budapest and one in Johannesburg. The group also has six hotels in Israel, one in Oman and one in Palestine.
According to Bloomberg, Red Sea currently has a stockmarket value of about about $60m, after its share price plummeted by 33pc over the last 12 months.
Papouchado Transferring from Hungary to France: Buying Assets for $33 Mln
By Elazar Levin Israel Business Arena August 1, 2000 Red Sea Hotels, controlled by Eli Papouchado, will acquire 41 properties in France with a total area of 80,000 sq.m. at an investment of $33 million (240 million French francs). This is one of the group's largest overseas investments, which continues the trend on the part of real estate companies to transfer a large part of their business overseas.
Red Sea Hotels bought 24 properties with a total area of 31,000 sq.m. from a French real estate company, mostly in provincial cities, for $11.8 million (82.5 million French francs). The properties, mostly offices and shops, are leased at a 13% yield. The final contract was signed last week in Paris. Banque la Henin is providing financial coverage for 85% of the investment with a 16-year euro-denominated loan at 6.9% interest.
Red Sea Hotels has also just completed a second large deal for the purchase of 14 properties, all in Paris's third ring, from a local bank for $11.4 million (80 million French francs). Eighty-five percent of the properties are leased at an average yield of 12%. Most of the properties have land reserves, which will allow future building.
Red Sea Hotels recently sold its 50% share in a series of Hungarian commercial center to Moti Zisser for $40 million. It now appears that the company has decided to transfer the bulk of its overseas income-yielding real estate business from Hungary to France. In addition, Red Sea Hotels is a partner with the Zisser group in four hotel construction projects in London.
Published by Israel's Business Arena on July 31, 2000
The Irish Takeover Panel is investigating the purchase of a stake in Irish company Gresham Hotel Group, whose largest shareholder is Herzliya-based Red Sea Hotels, according to reports in the Irish press.
Gresham is the subject of a takeover offer from Precinct Investments Ltd., a consortium of three Irish businessmen. Red Sea, which controls 28.3 percent of Gresham, has rejected the offer despite its gaining the approval of the majority of Gresham's board of directors.
According to a report in the Irish Times last week, the Irish Takeover Panel was investigating a transaction in which Israel Discount Bank purchased 3.8% of Gresham. Following the report, Discount said in a statement to the Irish Stock Exchange that it bought the stake on behalf of Whiterain Internationale Ltd for Charai Balrau. Sources at the Irish Takeover Panel told The Jerusalem Post on Thursday that they have no information as to who these companies are.
According to Irish takeover rules, if a company or a group of companies acting together control 30% or more of another company, a full cash takeover offer has to be made.
Together, Red Sea's stake and that of Whiterain add up to more than 30%.
Red Sea chief executive Amos Pickel didn't reply to a request for comment.
John Anderson , the CEO of the group announced that Amos Pickel has been appointed non-executive director with responsibility for these key operations.
Currently the chief executive of offshore hotel group Red Sea Hotels, Pickel has extensive business experience that will add significant strength to the board of 888 in an industry poised to experience rapid changes in the next two to three years, John Anderson remarked. “We must have the best team available to exploit this.
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Posts: 270 | From: Fullerton, CA | Registered: Mar 2006
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posted
GREAT DD ^^^^^....man i need to wipe the drool from my mouth....could this be the next pennies to hit the big top????? i sure hope so..ive always felt this was a Great Stock, but i though the $1.00 range was a pipedream..well that could be a reality if not more....once again thanks for the info..!!!!!
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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