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Utah Financial Services Provider Completes Shell Merger
Company Online Stock Trading The pink sheets saw action Thursday following the merger of Jaguar Gaming Corporation with Utah financial services provider, Ideal Financial Solutions, Inc.If you would like to receive late breaking news on stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page
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Online Trading Stock And Sept 16, 2004 (AXcess News) St. George Utah - The pink sheets saw action Thursday following the merger of Jaguar Gaming Corporation (OTC: IFSL) with St. George Utah-based financial services provider, Ideal Financial Solutions, Inc.
- ADRs or American Depository Receipts act as a proxy for foreign stock shares, but are issued in dollar value.
- Closed end funds are like a cross between mutual funds and ETFs which trade like stocks but are a collection of stocks from one country. For example, IFN is a closed end fund for India and CAF is a closed end fund for China. Both invest invest 100% in their countries but are managed by an American investment company and trade on the NYSE.
. They trade like stocks, in diversity.
Stock Investing Course The once high-flying company that had been traded on the OTC Bulletin Board under the symbol, JAGG, fell to obscurity after delisting several years ago. Since merging with Ideal, old shareholders should be aware of it changing hands, though the quick adoption of its new trading symbol, IFSL, and name change may help the new owners stay below their radar screen for a while.Little information was provided about the merger candidate, other than its boastful statement that Ideal was the first financial service to offer "personal cashflow management for individuals". What that had to do with disclosure rules I have no idea.
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Stock System Trading The terms of the deal were also not disclosed in Thursday's announcement. But at least they did state that the company was headquartered in St. George Utah.
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Stock Investing Game Prior to that news there was an announcement released earlier this month that did have details in it. But alass, not about the company. Instead, it detailed a $120,000 consulting
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Online Stock Trading Canada The agreement was with Alexander Lindale, LLC. Under the terms of that agreement the LLC was to provide "information services", which AXcess News took to mean they were promoters hired to stir up the market. If only IFSL had given the same attention to detail in its own news.
Stock Investing Basics Alexander Lindale we found is no stranger to pink sheet shell deals after running a keyword search on Google. We found third-party issuances of large blocks of shares in Viper Networks, Inc. (OTC: VEPR). Viper provides internet long-distance communications services. Another Pink Sheet stock Alexander Lindale was involved with is CyberKey Corporation (OTC: CYKY), which is also in St. George Utah. The agreement was similar to Ideal's only the fees were $200,000 and again, they had the right to buy shares for resale. Next came Aquagen International Inc. (OTC: AQGI), another Utah-based company that sells a liquid oxygen supplement. Aquagen's agreement is identical to Ideals.
Day Online Stock Trading So if your looking at a pennystock with interest, check first to see if its from Utah and in the Pink Sheets. You just might find a pennystock promotional group lurking behind the scenes named Alexander Lindale, LLC. Not that they're bad boys, but they sure are active!AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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