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MsrgMsrg
thestockdepot said: "Warrants trade higher then the stock price, exercisable at 75 cents till 2009
MSRGW -- MedStrong International Corp.
Warrants; Entitle holder to purchase 1 sh Com for 75 Cents until 12-31-2009 (extended from 12-31-04)
Primary Venue: Dually Quoted on Pink Sheets and OTC Bulletin Board
Best Bid: Unpriced
Best Ask: Unpriced
TRADE DATA Best Bid: 0.0200 Best Ask: 0.0300
Last Sale: 0.0390
Change: +0.0289
Percent Change: +286.14
Tick: Up
Daily High: 0.0390 Daily Low: 0.0200
Opening Price: 0.0200 Volume: 199,486
Annual High: 0.1070
Annual Low: 0.0012
Dividend: 0.000 Earnings/Share: 0.00
Previous Close: 0.0101 P/E ratio: N/A
Yield: 0.00"
BenHouston said: "any more info about the company that you have?"
thestockdepot said: "The number of shares outstanding the issuer's common stock, $.001 par value, was 32,928,000 as of November 11, 2005 and the number of outstanding Warrants was 4,732,000 as of November 11, 2005
Common stock issued to
and subscribed to by founders 26,000,000
$ 26,000 --
Fair value of purchase rights issued
With the sale of our medical records business, our Board of Directors has determined that our business model should be re-evaluated to either continue to engage in a business in the health related area, where we have made one investment and which would involve business ventures with companies developing therapeutic products and devices, or, alternatively, if we do not make progress in the pharmaceutical development business, not to continue in that business and to identify and acquire another business, not necessarily in the pharmaceutical area, through a business combination.
Looks like a shell company looking to aquire another business
What I find interesting that the warrants are trading higher then the stock price. It takes 1 warrant plus 75 cents to buy 1 share. You can buy the stock for between .02 and .04 cents. Might be one to keep an eye on.
LOL
thestockdepot"
BenHouston said: "one more question for you: are you a share holder? if so how many and what did you get in at?"
thestockdepot said: "MSRG was just recently added to my portfolio. My cost was .03 cents and so far have invested around a thousand dollars. If the stock does drop below .02 cents I will add more. If news of a aquisition or a reverse merger does come out I will also add to my position.
LOL
stockdepot"
bloc6 said: "Can someone explain what a warrant is?"
thestockdepot said: "A warrant intitles the warrant holder to buy a stock at a certain price in a designated time frame, issued by the company. In the case of MSRG the warrant holder can buy the stock at 75 cents till 2009. If the price of the stock doesn't go over the 75 cent level by that date the warrant will expire and become worthless. THe benefit to the company is if the price does go over 75 cents in this time frame the warrants will be excersied and the company would end up with about 3 million in the treasurey. If the right deal was vended into MSRG this could be easily happen. The key is finding the right deal. What doesn't make sense is you can buy the stock for around .03 to .04 cents why buy the warrant? The warrant is being bought up to .07 cents in the last 30 days. Why would anybody buy the warrant when you can by the stock for less? DOES SOMEBODY KNOW SOMETHING?
LOL
stockdepot"