New TGL Shell candidate ?
MTNO: Active shell. 13.4M O/S, 11.2M Restricted, 2.2M Float
mtnholdings.com
M T N H o l d i n g s, I n c.
Our targeted acquisition is a precious metals and refining company located in Midtown Manhattan with annual revenues of approximately $20 Million. The Company has been in business for over 20 years and is currently using state-of-the-art refining equipment in the reclamation of precious metals, including gold, platinum, and palladium. This Company is in full compliance with all environmental regulations, and is free from any legal or regulatory encumbrances.
The Company occupies a 2500 square foot facility in the heart of New York City's jewelry district. This prime facility, within walking distance of most customers, is fully secured, insured, and alarmed. The Company currently employs 5 people, many of whom are expected to remain after the acquisition to ensure a smooth transition.
We provide the following reclamation and refining services:
Sweeps – Floor Sweepings that include gold and other debris are brought in by manufacturers and jewelers for separation, retrieval and reclamation of precious metal content.
Karat – Gold jewelry and scraps are melted to enable reprocessing of gold.
Gold Leasing – Target provides gold lease financing to customers who require such financing. These services are available for gold, platinum, palladium and other precious metals.
After melting or refining procedures have been completed, the Company will perform controlled weighing, sampling and assaying procedures to determine values for settlement with the customer. Upon agreement with customers on such value, customers have the ability at their discretion to receive settlements by check or bullion, which can be provided in bars or shots (small gold pellets).
August 27, 2001
MTN Holdings, Inc. Announces Signing of Letter of Intent to Acquire A 20 Million Dollar Revenue Company
August 22, 2001
MTN Holdings, Inc. is Negotiating an Acquisition of A Gold Refining Company Under its New Business Strategy
August 15, 2001
MTN Holdings, Inc. Announces New Strategic Targeting Of Acquisitions
ragingbull.lycos.com
New one to watch:
MTNO
.03 x .04
Oustanding Shares: 13.4 million
Restricted Shares: 11.2 million
Float: 2.2 million
NEW YORK, Aug. 27 /PRNewswire/ -- MTN Holdings, Inc. (OTC Bulletin Board: MTNO - news), a Nevada corporation, announced today the signing of a letter of intent on their first acquisition, with a targeted gold refining company that had over 20 million dollars in revenues in year 2000.
biz.yahoo.com
Six weeks ago, the price was 1.50.
Prior to 9/11, the price was .28.
Last Friday, the price was .10.
Today, it bottomed, IMO at a low of .021.
No outstanding CDs, warrants, etc or other forms of dilution. We can safely assume restricted shares will be used to close the LOI.
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