posted
Good battle going here between MMs covering and trying to buy at the lowest price. Spread widens to .04x.045 on "lower-ish" volume. Both are good signs of overhead shares drying up and rapid movement. Hang in there longs!
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posted
LFWK - LoftWerks, Inc. Releases Intent to Move to a Higher Exchange
NASHVILLE, TN, Mar 21, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) will merge with Consultech's Sulja Bros. Building Supplies Ltd on or about March 24th, 2006. Plans have been made to compile financials from LoftWerks (LFWK), Sulja Bros Building Supplies, and Consultech Construction Management's Midwest office. The financials for Sulja Brothers have been released to the public at the website: www.suljabros.com. The financials for LoftWerks (LFWK) is available at www.pinksheets.com. The financials will be compiled and audited to make the application to a higher exchange. Details will be released shortly with inclusion of auditors' names and timeline. CEO Dennis Ammerman stated: "As the paperwork for the merger with Consultech Construction Management's Midwest office is almost completed, plans have been formulated to move to a higher exchange. Consultech is an internationally recognized construction company that is merging part of their operations with LoftWerks (LFWK). It is only logical to start executing plans for an exchange move. Consultech is a remarkable company with best practices and world class products and processes which will benefit all shareholders. The request for integration of all 3 companies' financials is being expedited to minimize delays for Consultech's Gantt chart."
A Consultech company representative commented: "Consultech has already adapted their business model and best practices for application to the new public company. The public should expect to see an immediate effect to the bottom line from the application of efficiencies in overheard and construction costs. We like to keep our operations lean and efficient. The migration to a higher exchange is part of the plans. Consultech's reputation is a high priority and we intend to prove ourselves in the public realm, projections for growth in expansion and earnings will be exponential."
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 should "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results 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.
-------------------- Always do your own due diligence. My posts are neither a buy, sell, or hold recommendation; and express only my personal opinion. Please consult your financial advisor before making any investment decisions.
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posted
LoftWerks, Inc. Releases Intent to Move to a Higher Exchange
NASHVILLE, TN, Mar 21, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) will merge with Consultech's Sulja Bros. Building Supplies Ltd on or about March 24th, 2006. Plans have been made to compile financials from LoftWerks (LFWK), Sulja Bros Building Supplies, and Consultech Construction Management's Midwest office. The financials for Sulja Brothers have been released to the public at the website: www.suljabros.com. The financials for LoftWerks (LFWK) is available at www.pinksheets.com. The financials will be compiled and audited to make the application to a higher exchange. Details will be released shortly with inclusion of auditors' names and timeline.
CEO Dennis Ammerman stated: "As the paperwork for the merger with Consultech Construction Management's Midwest office is almost completed, plans have been formulated to move to a higher exchange. Consultech is an internationally recognized construction company that is merging part of their operations with LoftWerks (LFWK). It is only logical to start executing plans for an exchange move. Consultech is a remarkable company with best practices and world class products and processes which will benefit all shareholders. The request for integration of all 3 companies' financials is being expedited to minimize delays for Consultech's Gantt chart."
A Consultech company representative commented: "Consultech has already adapted their business model and best practices for application to the new public company. The public should expect to see an immediate effect to the bottom line from the application of efficiencies in overheard and construction costs. We like to keep our operations lean and efficient. The migration to a higher exchange is part of the plans. Consultech's reputation is a high priority and we intend to prove ourselves in the public realm, projections for growth in expansion and earnings will be exponential."
posted
The resistance, according to using bars on the chart, is now at .046. If we break that level, that will officially, according to the chart, signal a breakout.
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posted
Hope to see good things today. Merger is "on or before" the 24th... Anyone looking to hop in right before the show, now would be a GREAT time! They like to push PRs out early... so today and tomorrow is a great play on this stock... and much longer is a great play too with the Consu merger to follow right after this one.
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posted
If you look at the charts, the last 5 days using candlestick analysis have been spinning tops. That means that everyone is having great indecision about what is about to be announced. (It opens (.04), creates a good upward movement (.046), there is a big downward movement (.036), finally closing a little below or above where it opened (.037)) The GREAT thing about spinning tops prior to news is that the news is NOT factored in. If you see a large run prior to news, you know that it is positive and perhaps too late to buy. But in this case, everyone is waiting to hear. Looking at this company and its history of positive PR, there is every reason to expect more of the same from this merger. So now is an EXCELLENT time to buy on the indecision of the market (after all, you can't win with scared money), and I think the odds heavily favor your side. The rally is officially "dead" if this falls below .036, and officially a "breakout" if it breaks above .046 (using bars on the chart for resistance and support indicators). Best of luck... and in my opinion, now is a very very strong time to go long.
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LoftWerks, Inc. (LFWK) CEO in Windsor to Finalize Sulja Merger: Consultech to Seek Regional Project Venues Market Wire - March 23, 2006 11:30 AM (EDT)
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NASHVILLE, TN, Mar 23, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that that its CEO, Dennis Ammerman, is in Windsor, Ontario to execute the necessary documents to move ahead with merger plans with Sulja Bros. Building Materials, Ltd. (owned by Consultech Construction Management, Inc.). This will mark the beginning of the complete migration of Consultech's Midwest operations into the LFWK public vehicle.
Consultech's Director General, Petar Vucicevich, has vowed to add to the LFWK list of ongoing projects by seeking building sites in Louisville, Savannah, and other nearby, regional metropolitan venues. The LFWK/Sulja Bros. merger is expected to finalize over the upcoming weekend. LFWK will announce further details as is practical.
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Yup... lots of watching right now. I think once we see the news, we can really get rolling. The charts all indcate both sides, shorts and longs, are sitting by watching. We'll know more on Monday.
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NASHVILLE, TN, Mar 23, 2006 (MARKET WIRE via COMTEX) --
LoftWerks, Inc. (OTC: LFWK) today announced that its $10M loan obligation with Consultech Construction Management, Inc. has been waived in lieu of the successful merger agreement with CCM's subsidiary, Sulja Brothers Building Materials , Ltd. This was part of the overall prerequisites enumerated by CCM Director General, Petar Vucicevich, as necessary to complete the migration of CCM's Midwest operations into the LFWK public vehicle. LFWK CEO Dennis Ammerman stated that the loan waiver will create an attractive bottom line and share value to loyal investors.
A spokesperson for Consultech Construction Management fully concurred with the announcement and stated that the path to a complete merger of CCM's Midwest operations into the LFWK vehicle was now an imminent formality.
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 results 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.
-------------------- Always do your own due diligence. My posts are neither a buy, sell, or hold recommendation; and express only my personal opinion. Please consult your financial advisor before making any investment decisions.
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