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Sold majority of mine at .125 earlier. Still got some left, but will add if it drops any lower otherwise I'll be buying in higher if news hits before!
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taking profits is always smart but i´m a buyer here i still think this will go a lot higher even before the news hit... expect the news around the second week of may not many trading days left to accumulate... and it will be fun to watch once the news hit if the OS of 23 mill stays unchanged and this company they´re merging with really has 60+ mill in revenues...well i´m sure you did the math lol
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I have reviewed the history of this company and it does not make much sense. there are more questions than answers and reminds me of a bunch of other that went the same way...down. Why would a company thats goals are to merge US insurance companies want to merge with a china company that could "help the company expand into global markets" when the first merger news that went south said "in negotiations to merge with opportunities involving technology." Sounds like they say what you want to hear.
-------------------- If all goes well then great, if not, make it work.
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George, from what I understand they cleaned up the shell for the original merger that fell through and this opportunity arose with the chinese paper company. If you have a clean shell with a good share structure that makes you attractive for a reverse merger.
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Posted by: sheff In reply to: sheff who wrote msg# 1265 Date:4/27/2007 12:30:13 AM Post #of 1313
Scott Goldsmith, CEO, also told me that you only have one chance to introduce a company in the U.S that has reversed merged. What he is doing b/w now and closing is working with institutional investors before the close of the deal so that big money is on board before the deal is closed. He stated that he already has interest from inst investors and is pursuing opportunities for the "new" company that will be formed. He stated that he has the most to lose of anyone and the most to gain if he sets this "new" company up for success in the U.S.. He is giving up his shell of his company but he has a lot of shares of stock with PVNC. He knows that with this merger and more money going into PVNC pre merger that the company will trade on at a higher price and move to a higher exchange. Getting institutional interest to buy into the new company before the deal gets done benefits both the investor and new company as the goal is to get the new company to trade on AMEX. Scott Goldsmith has a vision for this company and the shareholders and he will not do anything to garner additional unwanted exposure that could slow or halt the deal. This was posted earlier by Raggs i believe but I want to share this article again. This situation applies to PVNC more than any other company in a RM at this time. http://www.businessweek.com/magazine/content/07_10/b4024067.htm?chan=globalbiz_a sia_today%27s+top+st...
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took most of my money out yesterday still watching but i smell some dilution here but that´s just a hunch, there is no new info on the share structure i´m looking for another entry once the volume comes back in
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Posted by: jelly In reply to: None Date:5/1/2007 11:52:51 AM Post #of 1578
hey guys, just got off the phone with scott goldsmith. he says things are progressing nicely and his guess is the merger will be final within the next 2-3 weeks, if not sooner. he said shenyin is in daily contact with him and have already spent in excess of $300k towards getting the deal done, including sending pvnc some sort of retainer money. i'm sure they are not laying down that kind of cash just to back out of the deal later. he said the shenyin audits are pretty much done. mr. goldsmith says the deal is 99.9% complete. he also said shenyin is most likely going to have all their stock restricted for one year, which means no immediate dilution. great news! i also asked about the share structure, he confirmed what's in the ibox and also in their last filing: 100m a/s, 20m o/s, float approx. 5m. i did ask why the last r/m did not go through, and he said it was nothing on their end, that the other company basicly couldn't pull all their sh1t together to make the deal happen. i also asked would they be issuing any pr's to update the investment community on merger progress, he said no. he said basicly when the deal is done they will pr it, no advance warning. no fluffy pr's tells me they don't have an alterior agenda, which is good. was a very good conversation, very nice guy. i took my first position here right after the phone call and plan on accumulating more over the next week or two. looks like a 10 bagger to me. good luck all.
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we are getting closer and closer to the merger and i can not stress to you that this will only get higher as time goes on. I dont want to hear shoulda woulda coulda when it gets going and ur fills are at .20 =) GL to all
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We should hear something (hopefully) about the merger this week. Its been 53 days. They said 45-60 days. I hope this goes through. If it does we all be sitting pretty GL all!
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