This was all I found, and unless you show me something further, it's all I need to see for the moment..
ROCHESTER, N.Y., May 1 /PRNewswire/ -- Microlytics, Inc. (''the Company'') (OTC Bulletin Board: MCYX - news) today announced that a Plan of
Reorganization has been approved by its shareholders and creditors and that the Bankruptcy Court for the Western District of New York has issued an Order Confirming
the Plan.
The Company and SanTi Group, Inc. (''SanTi'') of Atlanta, Georgia announced today that they have entered into a definitive Merger Agreement.
Pursuant to its Reorganization Plan, the Company (i) will effect a 1 for 400 reverse split and begin trading under the symbol SNTI subject to symbol availability and
Nasdaq approval, (ii) will distribute the net proceeds from asset liquidations to its creditors, (iii) will merge with SanTi, and (iv) will distribute shares and/or warrants to
its creditors and shareholders.
After the merger and 1-400 split, if it took a sizable dip (which often happens when unproven or unstable companies thry the split trick to attract buyers) then that might present a buying opportunity...
I'd need to know more about the post merger company...
Why don't you see what you can find and keep us all posted?
MG |
