posted
Check out the stock guys..I think it could move higher in the coming days...They will be announcing their buyout offer 2morow!! The company deals with big auto manufacturers (honda, GM, Toyota, etcc)...could move higher IMHO
Posts: 3 | Registered: Sep 2007
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D Mecatronics Inc.: Lesko Receives Board Approval to Purchase D Mecatronics Monday October 15, 9:58 am ET
MISSISSAUGA , Ontario, Oct. 15, 2007 (PRIME NEWSWIRE) -- Bernardino Paolucci, Chief Executive Officer of D Mecatronics Inc. (Other OTC:DMTN.PK - News), is pleased to announce that the company has received a final purchase offer of $0.49 per share for all of its outstanding shares of the company. Mr. Paolucci comments, ``I will be recommending to D Mecatronics board of directors to accept this offer and to call a shareholders meeting as soon as possible for their ultimate approval. The board will be sitting Monday and Tuesday and it will announce its decision Wednesday AM.''
About D Mecatronics Inc.: (http://www.dmecatronics.com/)
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.
Forward-looking statements in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact:
D Mecatronics Inc. Dino Jr. Paolucci, Director of Public Relations (905) 672 - 5659 Cell: (905) 399 -9814 dinopaolucci*rogers.com www.dmecatronics.com
Source: D Mecatronics Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
D Mecatronics Inc.'s Board of Directors Accepts Buyout Offer
Oct 17, 2007 08:30:33 (ET)
MISSISSAUGA, Ontario, Oct 17, 2007 (*********wire via COMTEX) -- The Board of Directors of D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce that it has unanimously accepted the proposed buyout. The offer is for a buyout of all of the outstanding shares of the company for 0.49 per share in cash. The Board recommends that shareholders accept this offer.
"We believe the proposed price for the transaction is fair to D Mecatronics' shareholders. We intend to move quickly to complete the transaction. A shareholders' meeting will be held on November 28th in Toronto to vote on the offer. The location and time will be announced in a future PR," said Berardino Paolucci, Chairman and CEO.
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
posted
So who is the company that is offering up .49 per share??
MMs are shorting this puppy to no end this morning. They are going to make a bundle when they let it run....PR**KS
Posts: 1637 | Registered: Apr 2004
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posted
Well when your talking 112 Million Dollar buyout, that aint no BS. Thats cheap in the robotics world. Huge future here, many companies are going robotics with billions in upgrades happening.
You do have some intersting points Cola, however I will hold for a 400% increase which aint to shabby. Later
Posts: 1637 | Registered: Apr 2004
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posted
LOL. My guess is you'll be cold and dead, still holding and waiting. But good luck anyway Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: LOL. My guess is you'll be cold and dead, still holding and waiting. But good luck anyway
Robotics work great in the COLD , use them in Northern Canada in a couple of mines where it reaches -40 C.
And, yes I will be DEAD when they reach thier full potential, but the kids will reap the benefits of my millions...LOL Posts: 1637 | Registered: Apr 2004
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posted
I picked up a few last week as a lotto. At least they didnt come out with some off the wall BS about doing additional audits etc. They just said the BOD accepted the proposal. I am curious to how it plays out and hopefully make a few bucks in the process. BTW. Pcola, I dont think the company is dumping. There has been only 4mm shares traded and not all were sells. That is about 3X the daily volume. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
I realize that I probably worded it poorly in that I did not mean to make suppositions about what IS going on, just that I'd say any of the ones I listed are infinitely more plausable than "MMs holding it down".
quote:Originally posted by tmanfromtexas: Pcola, I dont think the company is dumping. There has been only 4mm shares traded and not all were sells. That is about 3X the daily volume. TMAN...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Come on Pcola. We all know that you are bashing this stock because you want it to fall so you can load the boat. LMAO!!! Just like you did JMPC. Just ask TopRob everyone. He'll tell you that Pcola is a paid basher. ROTFLMAO!!! Just kiddin Pcola. Congrats on the mpg buyout possibility. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
LOL. Thanks tman. I try my best to be a subtle paid basher, but people like you and Rob are too quick on the draw in figuring it out
As soon as MPG gapped up this morning I was like "I should sell" but then figured, no, this is an NYSE stock, not a penny stock where the buyout is unrealistic and everyone knows it.
Watch though, just my luck, this one (DMTN) will go through and MPG won't Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I read the article where they were offered over 40 a share this time last year and he didnt take it. I guess he knows something we dont. I am sure mpg will go before this one. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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D Mecatronics Inc. Comments on Recent Activity Friday October 19, 9:30 am ET
MISSISSAUGA, Ontario, Oct. 19, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Other OTC:DMTN.PK - News) is pleased to comment on recent activity in the trading of D Mecatronics stock. ADVERTISEMENT
``The company has received numerous calls this past week in regards to the buyout from Lesko Investment Company,'' said Berardino Paolucci, Chairman and CEO. ``The volatility in the stock price should be attributed to speculators trying to profit on a short term basis from the buyout process. We intend to hold our shareholder meeting in November and move to complete the buyout transaction at that time. It is our belief that the stock should reflect the buyout price as we move closer towards the meeting date.''
Furthermore Mr. Paolucci stated, ``The Company principals are committed to the buyout process. All of our stock is restricted and we can only benefit from the buyout once it has been completed. Investors should also be made aware that the company has not compensated in cash or stock any organizations or groups to provide awareness for D Mecatronics during the recent run-up.''
About D Mecatronics Inc.: (http://www.dmecatronics.com/)
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.
Forward-looking statements in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact: D Mecatronics Inc. Dino Jr. Paolucci, Director of Public Relations Phone: (905) 672-7669 Cell: 905) 399-9814 dinopaolucci*rogers.com www.dmecatronics.com
-------------------------------------------------------------------------------- Source: D Mecatronics Inc.
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
I think this one will be a trader's dream. up, down, up more, down some, rinse, repeat. If the buyout comes then great those who got in at the right time will profit and the ones that didnt get in at the right time will still make a little profit. If the buyout doesnt happen then those that got in at the wrong time will lose. Its all how you play it imo. And believe me, it is a play in my book. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Its SWEAT TIME for MMs Printing .12s and flying. I smell .49 soon
D Mecatronics Issues Shareholder Update
MISSISSAUGA, Ontario, Oct. 22, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to update the investment community pertaining to the pending buyout of the company. This buyout is for is for all the outstanding shares of DMTN at .49 per share USD.
Berardino Paolucci, Chairman and CEO of D Mecatronics, is pleased to report, "Upon receiving shareholder approval of the buyout we intend to issue instructions to shareholders on how to proceed to turn in their stock. Certificates should be exchanged for cash via electronic form or certificate form."
"The agreement to transact the private purchase of all DMTN issued and outstanding stock for .49 USD has been approved by the D Mecatronics board of directors and also the purchaser's board of directors," said Mr. Paolucci. "In order to complete the sale process quickly and have maximum shareholder participation, we intend to proceed with an electronic proxy vote or via teleconference instead of the previously announced stockholders meeting. Instructions on how the company intends to complete the shareholder proxy vote in the timeliest manner to satisfy SEC rules will be provided through instructions by the company in a forthcoming press release. D Mecatronics' board of directors has no explanation of the recent and current stock activity and volatility. We want to insure our shareholders that we are moving very quickly to complete the sale process, and press releases on our activities will be released and communicated as they occur."
Posts: 1637 | Registered: Apr 2004
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So who is the company that is offering up .49 per share??![[Wink]](wink.gif)
Well when your talking 112 Million Dollar buyout, that aint no BS. Thats cheap in the robotics world. Huge future here, many companies are going robotics with billions in upgrades happening.![[Big Grin]](biggrin.gif)
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