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Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB

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Old 09-30-2007, 11:00 PM
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Default Re: DCCN... Reverse Merger

Some additional background info on this one:

Docucon, Incorporated. The Group's principal activity is the conversion of paper and microform documents to optical and other types of storage media for use in document management systems and Internet applications for customers in the federal & commercial markets. The Group sold all of its operating assets to TAB Products Co. in May 2000. As a result of the sale, the Group effectively became a Shell Company with no revenues and continuing general and administrative expenses.

Key People
Chairman Edward P. Gistaro
President, Chief Executive & Chief Financial Officer Robert W. Schwartz
Chief Financial Officer Phillip M. Hardy
Secretary Ralph Brown


I have also seen that they effected a somewhat similar R/M announcement back in 2003 regarding a financial company as follows:

Docucon Incorporated Enters into Merger Agreement with GrayStone Mortgage
Business Wire, July 7, 2003
Business Editors

SAN ANTONIO--(BUSINESS WIRE)--July 7, 2003

Docucon Incorporated (DOCU) entered into a non-binding letter of intent with I.L. Products, Inc., a Texas corporation, doing business as GrayStone Mortgage on May 30, 2003.

The Letter of Intent proposes a corporate combination between Docucon and GrayStone whereby GrayStone will become a wholly owned subsidiary of Docucon. The proposal may be effectuated by merger, acquisition, or other method of combination. The specifics of which will be determined during the negotiations of the definitive Transaction Agreement.


And that is all the news of merit I can find so far

Wonder when any shares of this will trade again? LOL :rolleyes:
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