TRDY TRUDY CORP it may be one for the LIST, but a calculator
is needed to figure out what the heck the deal is worth to those
with TRDY
Volume came in on Friday, 549,000 shares traded at .02 and .03.
Then 1.5MM before open today all at .03, then opened at .05.
Time and sales report shows them as all buys, and that got me
really intrigued.
From the 10QSB filed Nov 12/99:
biz.yahoo.com
"As previously reported, in December 1998, Trudy signed a letter
of intent to merge with Futech Interactive Products, Inc. On
March 3, 1999 Trudy entered into a merger agreement with Futech.
This merger agreement was subsequently renegotiated and replaced
with a new merger agreement dated as of June 4, 1999 providing for
the mergers of Trudy, Futech, Fundex Games,Ltd., DaMert Company and
Janex International, Inc. into a newly incorporated Delaware company
("New Futech") or a subsidiary thereof. The transaction is now expected
to close at the end of the fourth quarter of calendar 1999.
"The agreement covers the acquisition of all of the Common Stock of
Trudy, including shares subject to option, for a purchase price of
approximately $3.5 million, payable in a combination of New Futech
Common Stock (valued at $3.0 million) and cash of approximately
$456,000. In addition, New Futech will repay certain loans to Trudy
by the President and certain of his family members, approximating
$800,000 plus accrued interest. On a fully diluted basis, approximately
378 million shares of Common Stock of Trudy will be issued and
outstanding. The transaction is intended to be tax-free to shareholders
of Trudy in respect to the stock portion of the consideration.
The merger is subject to a number of conditions, including shareholder
approval of all of the parties."
Futech: okid.com
futechinteractive.com
Futech Interactive Products (Delaware) Inc.
2999 North 44th Street, Suite 225
Phoenix, Arizona 85018-7247
(602) 808-8765
Futech, the new Delaware, has filings but the link doesn't post right.
Check the S4A.
"Subject to Completion, dated October 8, 1999
FUTECH INTERACTIVE PRODUCTS (DELAWARE) INC.
FUTECH TOYS & GAMES, INC.
FUTECH INTERACTIVE PRODUCTS, INC.
JANEX INTERNATIONAL, INC.
TRUDY CORPORATION
FUNDEX GAMES, LTD.
DAMERT COMPANY
PROSPECTUS/PROXY STATEMENT
This prospectus/proxy statement, together with the related prospectus/proxy
statement supplement for each of the merging companies identified below,
constitutes the prospectus of Futech Interactive Products (Delaware) Inc. ("New
Futech") and Futech Toys & Games, Inc., ("New Sub") in connection with the offer
and issuance of their securities pursuant to the merger agreement dated as of
June 7, 1999, by and among Janex International, Inc., Futech Interactive
Products, Inc., Trudy Corporation, Fundex Games, Ltd., DaMert Company, New
Futech and New Sub. Under the merger agreement, Futech will reincorporate in
Delaware by merging with New Futech and then Janex, Trudy, and DaMert will merge
with and into New Futech, which will survive the mergers, and Fundex will merge
into New Sub, which will be a wholly-owned subsidiary of New Futech. Each share
of outstanding stock of any of the merging companies immediately prior to the
mergers, other than dissenting shares, will be converted into the right to
receive a combination of cash, shares of New Futech stock and promissory notes
of New Futech or New Sub, each in amounts specified below, but subject to
changes in accordance with the elections and conditional rights described under
"Description of the Mergers and Merger Agreement" beginning at page .
<TABLE>
<CAPTION>
AGGREGATE CONSIDERATION APPROXIMATE PER SHARE
------------------------------------------- CONSIDERATION
COMMON SHARES --------------------------
MERGING ------------------- COMMON
COMPANY CASH NOTES NUMBER PERCENT CASH NOTES SHARES
------- -------- ---------- --------- ------- ------ -------- ------
<S> <C> <C> <C> <C> <C> <C> <C>
Futech................................ $ 0 $ 0 3,767,337 67.3% $ 0 $ 0 .0398
Janex................................. 0 0 159,735 2.9 0 0 .0333
Fundex................................ 0 4,500,000 600,000 10.7 0 2.7696 .3693
Trudy................................. 456,330 0 400,000 7.1 .0012 0 .0011
DaMert................................ 312,000 2,600,000 671,147 12.0 285.00 2,375.00 613.07
-------- ---------- --------- ----
Totals................................ $768,330 $7,100,000 5,598,219 100%
======== ========== =========
Futech have like 50 domain names tied up:
networksolutions.com
Fundex Games Ltd. toydirectory.com
DaMert Company: damert.com
Janex International: JANX
hoovers.com
"The company sells its products to mass merchandisers
including Toys "R" Us (40% of sales) and Target throughout
the US and Canada. Futech Interactive Products, maker of
educational and entertainment products, owns about
80% of Janex and is planning a merger.
biz.yahoo.com
"On June 7, 1999, Janex's Board of Directors authorized
a merger transaction whereby Janex and four other entities
would merge into a newly incorporated entity,known as Futech
Interactive Products(Delaware), Inc. The Proposed merger is described
in Futech's registration statement on Form S-4, as amended, filed with
the SEC."
Whatca figure?
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