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| Member Stock Picks/Experiments/Daily Plays Discussion of Stock Market Cats members stock picks, watch lists, experiments and daily momentum plays. Post your HOT PICKS here or create your own thread so that other members may follow your progress. |
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08-15-2007, 05:59 PM
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Super Moderator
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Join Date: Jun 2007
Location: Alabama
Posts: 4,771
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Shell Stock Watch
Find an interesting shell stock? Throw them in here and we will try to team up and find the next play before the entire world finds it. This will take some research into filings and company associations but we have the best forum on the net so I don't think that will be a problem.
Please keep in mind that just because a shell is listed here doesn't mean there will be a reverse merger. The list is just what the name implies and may never have a merger agreement but then again they happen all the time and how nice would it be if we were in one from the start?
I'm going to need alot of help on this one for it to work. So pitch in all you can. Once we find a hot one we will continue the discussion in the merger thread or if it warrants we will start a thread of its own.
I will be tracking down a few tonight and posting some to watch.
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08-15-2007, 07:46 PM
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Jedi Initiate
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Join Date: Jul 2007
Posts: 2
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fngl.pk
This shell is supposedly owned by US Energy Corp. (useg), a nasdaq company. The only verification I've seen of this is that the address and phone number from pinksheets.com matches the info on useg's website. They recently changed the symbol to fngl from fmgl and it has been getting some action lately; something could be brewing. I'm not sure of the share structure but I've been watching and accumulating lately and this thing moves fast with any buying pressure. If they announce a reverse merger or spin-off, this should make a huge gain.
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08-15-2007, 08:41 PM
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Administrator
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Join Date: Jun 2007
Posts: 12,729
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Re: Shell Stock Watch
Shell Stocks are publicly traded corporations, all that exists of the original company is its corporate shell structure. The company should have no assets or liabilities, a public company that no longer has any business and just retains capital structure and reporting status. Many private companies like to reverse merge with a Shell and become public themselves. Since the public company changes it's name to reflect the private, this merger gives us the reverse situation, thus the term "reverse merger"
http://www.shellstockreview.com/ssr-Home.html
A 13-G filed by a well known RM partner is a very good sign that the shell has been vetted by someone who knows the business, and is now an interested party trying to shop it.
15-12G filings. Alot of people jump on a stock the minute they file a 15-12G, but why? In my mind, those companies are just begining the process of shopping their shell, if they're even thinking in that direction.
Instead, I'm looking at 15-12G filers from a few years back. The wheels of negotiation grind very slowly, so I imagine a shell could be in play for several years before the final paperwork is filed.
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08-15-2007, 09:03 PM
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Super Moderator
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Join Date: Jun 2007
Location: Alabama
Posts: 4,771
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Re: Shell Stock Watch
PVNC. OB
Very low O/S @ 21.52 million. Volume is almost at nothing and the possible merger looks like it could be up to 60 days from now.
********************
Prevention Insurance Agrees to Grant an Extension to Shanghai Shenyin Developing
Tuesday August 14, 10:46 am ET
LAS VEGAS, NV--(MARKET WIRE)--Aug 14, 2007 -- Prevention Insurance (OTC BB:PVNC.OB - News) announces that the company has agreed to extend its agreement to merge with Shanghai Shenyin Developing Company, which is a major producer of pulp, paper, and fine furniture in China. Prevention has received audited financials from last year but are still waiting on the last two quarter statements from the company. The extension was granted to allow enough time for the necessary financials, documents, and approvals required to complete the transaction. No definitive time for closing has been set but 60 days or less is the period of the extension.
About Prevention Insurance:
Prevention Insurance is a public insurance holding company that is in negotiations to merge with opportunities that will help the company expand into the global markets.
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08-16-2007, 03:47 PM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 11,230
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Re: Shell Stock Watch
Strange....virtually NO info on this company....website is a sham:
http://preventioninsurance.com/
What the hell? LOL
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Bottom Plays: RIG BP BIG
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"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
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08-16-2007, 05:08 PM
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Super Moderator
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Join Date: Jun 2007
Location: Alabama
Posts: 4,771
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Re: Shell Stock Watch
Quote:
Originally Posted by BadThad
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There is nothing there but a shell. No operational company that I know of.
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08-17-2007, 11:37 AM
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Jedi Padawan
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Join Date: Jul 2007
Posts: 342
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Re: Shell Stock Watch
TLTK
posted before by dailleo
This has been making it's way around IHUB
Quote:
Our DD To Date, Not To Be Construed as Investment Advice
We are advised, after talks with verifiable sources very close to this play, to expect an official PR next week concerning the new shell owners Dalmian Chuming with 'accompanying registered capital' being lodged with jurisdictional authorities.
Dalian Chuming's top three divisions are being merged into a new PLC and then into a shell to go public. The first Audit is done. The second is underway with them now in the shell... ready in a few short weeks. We are told that the official signed Documents representing the new PLC are being sent to Plano Texas, with the Registered new Capital Structure, for legal rendering to the proper authorities, next Wednesday. It will be PR'd shortly thereafter.
Plano is the home of TLTK's Transfer Agent, who advised us earlier of the Redwood consultancy active on this file. We have since corroborated this connection with other indelible sources and believe we can confirm the validity of the Dalmian Chuming connection to this play.
There are only 14MM shares in the TLTK float. 6MM have been traded in the last few days.
Preliminary valuations of the Dalian Chuming RM place the value of the stock in the $3.00 area.
Background to the Deal
S3 Investment Company Announces Dalian Chuming Group as New Reverse Merger Client for Redwood Capital Subsidiary
Apr 24, 2007 9:10:00 AM
Dalian Chuming Group Co., LTD, www.chuminggroup.com is a major producer and exporter of fresh and frozen pork and other cooked meat products. The Chuming Group is among a select group of industrialized farming corporations in northeastern China and is known for its international quality management standards and international safety certifications. In late 2006, the company officially opened a $2.9 million feedmill with a capacity of 200,000 tons per year that will support its expansion of pork production. The pursuit of a U.S. public listing is expected to allow the Chuming Group to expand into additional worldwide markets.
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08-24-2007, 11:24 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 11,230
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Re: Shell Stock Watch
Calling all shell experts! LOL
Never owned stock in a shell before. What will happen if I hold this? I'm assuming I will own shares in the new company and...hopefully....the value will go up. What kind of time-table is there typically for these?
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Bottom Plays: RIG BP BIG
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
NObama 2012!
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08-27-2007, 03:56 PM
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Super Moderator
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Join Date: Jul 2007
Location: The Internets
Posts: 1,074
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Re: Shell Stock Watch
Made $ on this one before and I had picked up 25k on it when the noise got real quiet....
METP
Getting action today....Ive thought about selling, but gonna hang on until at least tomorrow...
Good Luck.
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08-27-2007, 04:16 PM
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Super Moderator
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Join Date: Jul 2007
Location: The Internets
Posts: 1,074
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Re: Shell Stock Watch
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