Slow bleed or as Chris Parry would say holding steady. :)) The guy that posted that is not a Stockhouse newby. He been there for several years. I am more inclined to believe him than the many zealots who pump it with 15 posts a day each. It could just be the .025 cent shares coming out of the woodwork but one thing for sure if it dont turn I will be forced to dump the ones I bought on last dive at .70 cents. I have mental stop rules that must be adhered to. If I have to dump mine you can see another slow bleed to about .50 cents based on current level 2 depth. I see it has come back a bit a bit from its .62 cent low so should be OK.
Time these so called management geniuses fulfilled a couple of their promises and maybe the dump on the shares may stem a bit. This is what happens when iffy market meets unfilled expectations. They quick to talk about all they going to do but not so quick to do ANY of it.
I see Asher is getting into Drone Delivery. You taking some of that action??
Asher Resources firms up deal to acquire Drone Delivery
2016-01-19 14:45 MT - News Release
Mr. Richard Buzbuzian reports
ASHER SIGNS DEFINITIVE AGREEMENT FOR AMALGAMATION WITH DRONE DELIVERY CANADA
Asher Resources Corp. has entered into an amalgamation agreement with 2500527 Ontario Ltd., a wholly owned subsidiary of Asher, and Drone Delivery Canada Inc. dated Jan. 19, 2016, providing for, subject to the completion of satisfactory due diligence by both parties and other conditions, the acquisition by Asher of all of the issued and outstanding common shares of DDC, pursuant to which Asher Subco and DDC will amalgamate and the outstanding securities of DDC will be exchanged, on a one-for-one basis, for securities of the company. It is intended that, following completion of the transaction, former DDC shareholders will hold approximately 87 per cent of the resulting issuer and Asher shareholders will hold approximately 13 per cent of the resulting issuer, and the resulting issuer will continue as a technology company and the business of DDC. Further information on the transaction can be found in the company's press release dated Dec. 17, 2015.
Prior to closing the transaction, it is anticipated that Asher will apply to list its common shares for trading on the Canadian Securities Exchange and voluntarily delist its common shares from the TSX Venture Exchange. It is expected that Asher will delist from the TSX-V concurrently with the listing on the CSE immediately following the completion of the transaction.
On closing of the transaction, it is anticipated that Asher will change its name to Drone Delivery Canada Corp., and the board of directors and management of the resulting issuer will consist of the following persons.
Tony Di Benedetto -- director and chief executive officer
Tony Di Benedetto has been actively involved in the Canadian technology services sectors since the early 1990s and has built a number of technology companies, including internet hosting providers, managed service providers, wireless broadband networks and data centre facilities. Tony Di Benedetto is active in a number of other ventures, including Data Centre Realty, Di Benedetto Group and MS Transactions. Tony Di Benedetto brings over 17 years of information technology entrepreneurship, technology mergers and acquisitions, and capital markets experience to DDC's management team.
Paul Di Benedetto -- chief technology officer and corporate secretary
Paul Di Benedetto is responsible for overseeing DDC's research and development, engineering, and technical operations. Along with his brother Tony Di Benedetto, Paul Di Benedetto has co-founded a number of highly successful technology enterprises in the Canadian marketplace and has led the technology oversight roles in each of these entities. Paul Di Benedetto is instrumental in implementing technology structures which maximize organizational growth with a view to maximizing return on investments for all stakeholders. Paul Di Benedetto brings over 15 years of technology architecture and engineering experience to DDC's management team.
Richard Buzbuzian -- president and director
Mr. Buzbuzian is a capital markets executive with over 20 years of experience in the technology and resource sectors. During this time, Mr. Buzbuzian has acted primarily as principal completing various public offerings, corporate finance and M&A transactions, all while working closely with investment bankers, securities lawyers and auditors in both Canada and Europe. Currently Mr. Buzbuzian is president and CEO of Asher and a director of CT Developers. Mr. Buzbuzian is also president and CEO of Oriana Resources Corp., a Canadian capital pool company that is presently completing a reverse takeover of Graphene Lighting Ltd. PLC of Manchester, England. |
