rarefind
12年前
Why is the offer Unsolicited, non binding ? Yo Yo Jo blow offers 5 dollars a share none binding(don't hold me to it after i dump my stock)...management responds while we sell our shares we shall think about it with the board of directors.The smell test, here is a link to some folks waiting on the buy out to....with that said lets hope its all real......Santa Claus
http://finance.yahoo.com/q?s=tbet&ql=1
http://seekingalpha.com/article/416181-tibet-pharmaceuticals-the-next-china-stock-that-is-going-private?source=yahoo
Memsic Inc. (MEMS), a MEMS solution provider, announced that its Board has received an unsolicited, non-binding proposal from IDG-Accel China Growth Fund II L.P., for itself and on behalf of its affiliated funds and certain nominees or collectively,
Golden Cross
19年前
MEMS USA, Inc. Project Buys Ethanol Plant Site in Canada
Tuesday May 2, 6:00 am ET
LOS ANGELES--(BUSINESS WIRE)--May 2, 2006--MEMS USA, Inc. (a.k.a. CONVERGENCE ETHANOL, Inc.), (OTCBB: MEMS - News), an engineered systems and ethanol project developer, announced that its Canadian project, Hearst Ethanol One, Inc. ("HEO"), acquired a 720 acre ethanol plant site. Also purchased was an inventory of more than 2.0 million tons of biomass (wood chips) to feed its ethanol refinery. The site has 5 contiguous parcels of real property (no liens or encumbrances) in the village of Hallebourg, located 7 miles east of the northern Ontario town of Hearst. On one parcel is a fully certified, bonded and operational government licensed biomass storage area. The on-site inventory of biomass purchased in this transaction will produce more than 200 million gallons of ethanol, which at current market price ($2.68 per gallon) would be worth more than $536 million.
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HEO has identified 29 other biomass storage areas within 65 miles of its site, adequate to supply the plant for 20 years. The property also contains a rock quarry to provide aggregate for plant construction. The site offers excellent access to transportation via the immediately adjacent TransCanada Highway, TransCanada Natural Gas Pipeline, and Northern Ontario Railway (ONR).
Plant operation will begin within 30 months of full funding. The HEO facility will cost $310 million to build and will produce 120 million gallons of ethanol per year. It will employ 230 people full time when completed.
In December 2005 MEMS USA announced it had formed a Canadian corporation, Hearst Ethanol One, Inc., for the purpose of constructing this biomass-to-ethanol plant. (See 8K announcement dated December 21, 2005 and press release on January 4, 2006).
CONVERGENCE ETHANOL, Inc. announced its intent to change its name from MEMS USA, Inc. (See press release dated April 5, 2006).
For more information visit the Company's web site at www.memsusa.com or www.convergenceethanol.com