keep this in mind with everything i say below: THIS IS A PINK and could easily be a total scam.
however, i was told the following: 1. the reverse merger is a done deal and has been for some time. 2. that indeed there will be a r/s. 3. was informed that any buys under a penny would work in the favor of the shareholder post r/s. 4. the new merger candidate is something like really healthy custom made smoothies-on-the-go, sort of like the starbucks business model with stand-alone outlets as well as mall outlets, etc. (kinda like back in the day with orange julius for those of you old enough to remember that craze.) 5. the primary financier is one of the founders of starbucks. 6. PR to this effect is imminent in 01/07
please don't trade based on the above info as it's only my experience and this could very well be a boiler-room scam. however, imo worth a radar or more if you have some nuts.
hope all are doing well, haven't been posting on the penny boards (or any boards much at all)... too busy with other things and trading less-volatile small caps that don't need to be watched every minute of the day. (EPIX, SERG, UWNK to name a few)
good luck and happy new year! phat
-------------------- Cashing checks in two forms: Money and Reality
SALT LAKE CITY, Jan. 19, 2007 (PRIME NEWSWIRE) -- VIP* Comlink, Inc.'s (Pink Sheets:VIPM) management has ordered a current Non Objecting Beneficial Owners list (NOBO list) from ADP Investor Communications. The NOBO list shows a more complete and comprehensive shareholder profile than is typically available on a shareholder list provided by a transfer agent. The list will be utilized to uncover possible short positions and to help management quantify their shareholder base.
The NOBO list will be used to determine if naked short positions in VIP* Comlink, Inc.'s common stock exist. The list will be used to get a total amount of shares owned by all shareholders and any naked short positions. The findings will then be reported to the NASD (National Association of Securities Dealers) to take action against any such violators of naked short regulations.
The company would like to advise the shareholders to ensure their accounts have not lent out their stock without the shareholder's knowledge and consent. Shareholders are also advised to ask their broker's compliance department if any of their stock position has been loaned to potential short sellers, and how to prevent this from happening.
Our corporate advisors and legal parties have agreed that we must take action against suspected naked short selling of its or anyone's securities in the marketplace. The company will take all necessary action to protect its shareholders' investments.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to," and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.
CONTACT: VIP* Comlink, Inc. Mark Helms, CEO (801) 350-4153 mark.helms*vipcomlink.com www.vipcomlink.com
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I don't know who Phat Man talked to re: the above post. He did not elaborate and has since vanished from this forum after I pressed him for specifics (at least by that name, anyway). I DID talk to Mark Helms and he went as far as to say that the R/M is going foward as planned. He said there were some delays in ironing out some final details but he looks to sign a definitive agreement by mid February or so. He was very tight lipped when I inquired about the possibility of a R/S. He did say the prospect for same was "still on the table". Mr. Helms was very helpfull but played his comments very close to the vest. Again, I would invite Phat Man to please elaborate further re: who he spoke with and the timing thereof.
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Forgot to mention that, as most of you know, VIPM is based in SLC. Utah where naked short selling has been outlawed entirely (good news for some us here). That said, look for IMO on NOBO show.
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