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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: SSP who wrote (97215)12/3/2001 3:12:42 PM
From: SSP  Read Replies (1) | Respond to of 150070
 
TKRN, from latest filings, Item 5 -- Other Information

On July 27, 2001, the Company issued a Press Release, via CCN Newswire, announcing the execution of a letter of intent to acquire a wholly-owned subsidiary of Finline Technologies, Ltd.(a publicly-owned Canadian corporation (CNDX: FIN) in exchange for the issuance of 15,000,000 unregistered, restricted shares of the Company's common stock. This Press Release announced that a definitive merger agreement and closing was to occur on or before August 31, 2001.On August 30, 2001, the Company issued a Press Release, via CCN Newswire, announcing an extension of the definitive agreement and closing from August 31, 2001 to September 15, 2001. On September 19, 2001, the Company issued a Press Release, via CCN Newswire, announcing the execution of a definitive merger agreement with Finline Technologies, Ltd. for the acquisition of 100.0% of the issued and outstanding stock of its wholly-owned subsidiary, Finline Technologies, Inc. Completion of the acquisition is subject to the satisfaction of various conditions, which as of November 7, 2001, had not been satisfied.

So TKRN cancelling comes as no surprise, TKRN now ready to move ahead!!!!!