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I received an alert on OPLO this AM. Gapping this AM. I have this on my radar.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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Got this via email, starting DD. OrderPro Logistics soon to be Acquired by Major Player!!!
A small company, an Amazing Product, and many of the Big Boys looking to Acquire it. OPLO is in high level talks with some Major players. The Big announcement will be made any day!!!
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OrderPro Logistics Inc. Increases Staff at TransMex Subsidiary TUCSON, Ariz., Feb. 28, 2007 (PRIME NEWSWIRE) -- OrderPro Logistics, Inc. (Pink Sheets:OPLO) announced today that their subsidiary, TransMex Logistics has hired Kevin Donohue to fill the position of Manager in the Chicago office. Kevin comes to TransMex with 15 years experience in related positions most recently from Maersk Lines. At Maersk he was manager of equipment control. The addition of this support position is to help accommodate existing and new clients with their stockyard and freight forwarding needs. This marks another step in the TransMex Logistics Mid-West expansion process.
"We are pleased for this opportunity to bring another position into our company. Through the many customer contacts Kevin has established over the years he brings potential new local and long distance trucking business." Stated Ray Ascencio, President of TransMex Logistics. Mr. Ascencio added, "We have hired an exceptionally well qualified individual, and we welcome him to our team and look forward to his leadership qualities enhancing our services."
About OrderPro Logistics, Inc.
OrderPro Logistics Inc. is dedicated to capturing the potential of the transportation and logistics industry by employing new and innovative processes and technologies. OrderPro Logistics, Inc. can integrate every aspect of customer logistical needs from order entry through successful delivery. Customer priorities, shipment integrity, best quality, and optimization of every load is the objective of supply chain management with OrderPro Logistics, Inc. lowering costs while adding value in process and expanding service options. www.orderprologistics.com
Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and are subject to numerous known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those as indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and should review the company's SEC filings.
CONTACT: OrderPro Logistics, Inc. Gary Patterson (520) 829-1731 ext 102 garyp*orderprologistics.com
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b) or 13d-2(b), Check Whether the Person Filing is a:
(a) ¨ Broker or dealer registered under Section 15 of the Act (b) ¨ Bank as defined in Section 3(a)(6) of the Act (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940 (e) ý Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) ¨ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F) (g) ¨ Parent Holding Company, in accordance with Rule 13d-1(b)(1)(ii)(G) (Note: See Item 7) (h) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership.
As of December 31, 2006, the Funds owned the following securities of the Issuer:
Momentum Fund owns 3,500 shares of the Series A Preferred Stock (“Series A Shares”) and warrants to purchase up to 477,273 shares of Common Stock.
Momentum Fund III owns 7,500 Series A shares and warrants to purchase up to 1,022,727 shares of Common Stock.
Neither MAG nor Firestone directly owns any securities.
Each Series A Share is convertible into the number of shares of Common Stock equal to $100 divided by the Conversion Price at the time of conversion. The Conversion Price is defined as 85% of the Market Price (as defined below), rounded to the nearest penny; provided; however; that in no event may the Conversion Price be less than $0.01 per share (the “Floor Price”) or exceed $0.04 per share (the “Ceiling Price”), and shall be adjusted for stock splits and similar events.
The “Market Price” is defined as the average of the lowest three inter-day trading prices of the Common Stock (which need not occur on consecutive trading days) during the 20 trading days immediately preceding the conversion date (which may include trading days prior to the original issue date), provided, that such 20 trading day period shall be extended by the number of trading days during such period on which (i) trading in the Common Stock is suspended by, or not traded on, the Nasdaq Capital Market or a subsequent market on which the Common Stock is then listed, or (ii) after the date of Registration Statement for the underlying shares of Common Stock is declared effective by the SEC, the prospectus included in the Registration Statement for the underlying shares may not be used by the holder for resale of underlying shares of Common Stock, is suspended by, or not traded on, the Nasdaq Capital Market or a subsequent market on which the Common Stock is then listed, or (iii) after the date the Registration Statement for the underlying shares of Common Stock is declared effective by the SEC, the prospectus included in the Registration Statement for the underlying shares may not be used by the holder for the resale of underlying shares of Common Stock because the Issuer is not current in its periodic reports under the Securities Exchange Act of 1934, or (iv) the Issuer is in a “blackout” period.
The Certificate of Determination which establishes the terms of the Series A Shares and the agreements governing the terms of the warrants contain provisions prohibiting any conversion of the Series A Shares or exercise of the warrants that would result in the Reporting Persons and their affiliates owning beneficially more than 9.99% of the outstanding Common Stock as determined under Section 13(d) of the Securities Exchange Act of 1934. The reporting persons have never had beneficial ownership of more than 9.99% of the outstanding shares of Common Stock.
The percentages of the outstanding Common Stock held by the Reporting Parties set forth above and on the cover pages to this report were determined, using a Conversion Price of $0.01 with respect to the Series A Shares.
As of December 31, 2006, the aggregate number and percentage of class of securities identified pursuant to Item 4 beneficially owned by each person identified in Item 2(a) may be found in rows 9 and 11 of the cover pages. The percentages were based on the assumption that the Issuer had 127,370,410 shares of Common Stock outstanding as of December 31, 2006, which is the number reported by the Issuer, according to its Quarterly Report on Form 10-QSB for the quarterly period ended September 30, 2004, filed on January 26, 2005.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
I'm judging based on the L2's and all the buying pressure coming in. It's real hard to get a fill seems like the mm's want to take it higer
Posts: 4071 | Registered: Dec 2005
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