Truthseeker make it easy for the masses to understand. If a failing BB stock did a reverse split, would you buy it? If that same company did a reverse split and issued huge amouts of restricted shares for one year diluting the company would you want the restricted shares while the insiders that had free trading shares could sell all day and not have the dilution effect them?
Every one of these "Imitation IPO's" follows the same pattern, control shell, reverse split, change name and ticker, issue restricted stock to idiots. What a business! Truthseeker says don't be a idiot. Don't let these criminals get away with it. I deal in facts and not one person on this thread has disputed that these so called SIPOD's are nothing but failed companies that did reverse splits and taking you for a ride.
=======================================
ULAB history:
LPI Holdings 5/2/97 (LPIH)
Redwood Interactive Group (RING)
N/C from Triumph International Foods on 5/3/99 (KRAB)
1 for 100 reverse split on 5/3/99 according to Bloomberg
==========================================
Solutionnet International Ticker SLNN was
GRASON INDUSTRIES INC EFF 04/28/94 Ticker GSON
ETG INTERNATIONAL INC (MN) EFF 4/06/99 Ticker ETGI
Reverse split 1 for 40 on 4/6/99
And according to SLNN press release, the company started "trading" on 4/6/99, the date of the reverse split of a previously trading stock!
==========================================
More SHAL dirt...on "IPO" of JNUS
N/C FROM K-TECH INC EFF 5/18/98 Ticker KTCH
N/C FROM ICE AGE ENTERTAINMENT INC EFF 7/02/98 Ticker ICAG
7/ 2/98 Split 1 for 5
========================================
KRAB 1 for 100 reverse split on 5/3/99 according to Bloomberg = ULAB
ULAB history:
LPI Holdings 5/2/97 (LPIH)
Redwood Interactive Group (RING)
N/C from Triumph International Foods on 5/3/99 (KRAB)
1 for 100 reverse split on 5/3/99 according to Bloomberg
TRIUMPH INTERNATIONAL FOODS INC.
8/5/97 17:36
Receives Letter of Intent For Up to 3 Million Lbs. In Blue Crab Orders
Business Editors and Food Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 5, 1997--Triumph International
Foods Inc. (OTCBB:KRAB) Tuesday announced that it has received a letter
of intent for the purchase of up to 3 million pounds of premium blue
crab products from a leading U.S. seafood distributor.
This major letter of intent follows the distributor's analysis of
Triumph International Food's business plan and methods of harvest,
processing and transport, which concluded that Triumph's methods "are
state-of-the-art and will produce a product superior to that of any
currently on the market at this time."
Peter Logan, chief operating officer and chairman of the Board of
Triumph International Foods, stated, "In my 17 years in the seafood
industry, I have never encountered blue crab that compares to the size
and quality found in the prolific fisheries of the Strait of California,
Mexico. From the very beginning I have adamantly contended that we
could use new technologies to bring this high quality crab to the
lucrative U.S. markets." Logan continued, "Having spent a great deal of
money and time on the research and development phase, it is very
gratifying to have
respected industry veterans concur and enthusiastically seek a
relationship with Triumph."
Commenting on the impact of reduced domestic blue crab harvests, Peter
Logan said, "In our initial projections, we were using a figure of
around $10/lb. for high grade jumbo crabmeat; current market prices
suggest a figure closer to $15.75/lb. Bare in mind, under the NAFTA
trade environment, our peso-based raw material
processing and labor costs are as low as 50 U.S. cents/lb. The supply
dynamics of the U.S. market afford us extraordinary profit margin
potential."
Packaged under their own private labels, the distributor intends to buy
finished processed crab products from Triumph. Their usage would
include whole dressed I.Q.F. crabs, cocktail claw fingers, jumbo lump
and white lump crabmeat, and dark claw crabmeat. Additionally, the
distributor's international subsidiary intends to
private label shrimp products in the burgeoning Mexico market in
conjunction with Triumph.
Based in Scottsdale, Triumph International Foods is positioned to become
a fully integrated specialty seafood producer capitalizing on a
strategic combination of leading-edge technologies and the NAFTA trade
environment.
NOTE TO EDITORS: Statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties,
including, without limitation, continued acceptance of the company's
products, increased levels of competition for the company, and
dependence on third-party suppliers.
--30--KM/np* JS/np
CONTACT: The Michelson Group Inc. 714/222-4482
or
Triumph Foods International Ltd. 602/607-3249
Solutionnet International Ticker SLNN was
GRASON INDUSTRIES INC EFF 04/28/94 Ticker GSON
ETG INTERNATIONAL INC (MN) EFF 4/06/99 Ticker ETGI
Reverse split 1 for 40 on 4/6/99
And according to SLNN press release, the company started "trading" on 4/6/99, the date of the reverse split of a previously trading stock!
SOLUTIONNET INTERNATIONAL INC. ANNOUNCES SUCCESSFUL PUBLIC LAUNCH
Apr 8 1999 14:10
Business Editors
MARINA DEL REY, Calif.--(BUSINESS WIRE)--April 8, 1999--Garrett
K. Krause, vice chairman of SolutionNet International Inc., Thursday
announced that the public launch of SolutionNet has exceeded
expectations.
SolutionNet began trading on April 6, 1999, with a $12 opening
price and closed at the end of the day at $25.50 per share.
More SHAL dirt...on "IPO" of JNUS
N/C FROM K-TECH INC EFF 5/18/98 Ticker KTCH
N/C FROM ICE AGE ENTERTAINMENT INC EFF 7/02/98 Ticker ICAG
7/ 2/98 Split 1 for 5
Here's the SHAL press release
SARA HALLITEX CORP. ANNOUNCES TRADING SYMBOL FOR SUBSIDIARY, Janus International Inc.
Jul 1 1998 16:39
Business Editors
MARINA DEL REY, Calif.--(BUSINESS WIRE)--July 1, 1998--Garrett
K. Krause, President/CEO of Sara Hallitex Corp. (Nasdaq OTC BB:SHAL)
and acting interim president/chairman of the board of Janus
International Inc., confirms that the NASD (National Association of
Securities Dealers) has granted the company an official trading symbol
effective July 2, 1998 (Nasdaq OTC BB:JNUS).
Janus International is the first company to be "spun out" through
the Sara-IPO-Dividend program (SIPOD) and dividends shared in the
company are currently in the process of being issued to all qualifying
shareholders.
SIPOD, Krause's brain-child, is a program whereby Sara Hallitex
(a public venture capital firm), acquires and incubates
companies/projects, then spins them out when fully developed as
separate publicly traded companies, providing long-term dividends and
a new revenue source for shareholders.
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