KIK- Announcement 9/6/15. Company attempted to sell their only asset (oil and gas in Phillipines) however failed. They have been forced to now sell the asset to shareholder/creditor to extinguish debt. If the asset sale occurs the company will have "minimal cash" and will seek "new opportunities to add shareholder value". The company already admitted in the news today they would not be able to raise additional funds in this current market so that suggests they would look outside resources for new opportunities KSO - Taylor Collision shell, just under $1M cash, “ During the last quarter, the Company continued to assess a number of opportunities as potential acquisitions and is encouraged by what it has seen. In this regard, the Company will make announcements to the market as appropriate should an acquisition be identified."Recent Broker selling including the underwriter TC. LCR - Recent board spill. Gary Castledine and Pete Fox of CPS Capital are now involved. The smoke signals have begunSold off a all Peruvian tenements, new project search not limited to minerals. LGM- currently in suspension Mr Stuart Murray appointed MD on a part time, no charge basis to assist the company indentify new projects and to progress on several potential projects under investigation LKE- Tenements in Pakistan, very low MC…that’s about it. LSN- $ 840k in cash “The company is actively looking for new investment opportunities” The Board are actively exploring new investment opportunities with strong growth potential. The Company is in a strong position to attract new projects having a tight shareholding, low expenditure obligations and with a solid cash position. LTX- Currently in Suspension to announce an acquisition and CR. They wanted to do something a while back with a big name entrepreneur in Perth, that fell through so something else should happen eventually. These guys did not proceed with Mpire media which FOT are now in the process of RTO. When the FOT deal is done LTX get a $1.2 mill cash payment. MBT- $4mill in cash. Recently completed sale of assets so must be on the prowl for a new project. 40 million shares on issue 15 million of these are escrowed Director shares till Feb 2016. Everyone remembers the recent run this did right? MCX- Change of management in July 2014 who proceeded to clean up the books. "Once suitable acquisitions have been sourced, Mariner, as a listed entity with no "excess baggage" will be able to capitalise on opportunities as they present" MDI- $850k cash.Reviews and negotiations continue on highly prospective gold and copper project acquisitions Not necessarily tech but contained in today's prospectus, below. $820k as of 31/03, raising $500k @ 004, which seems too cheap till you realise the directors are underwriting the placement, own 20% of the register and will stand to own up to 60% if most don't take-up their rights. Low shares on issue. The ex-date is 26/06 for anyone who wants to have a crack. “Presently the Company is reviewing multiple opportunities. One of those identified merits serious due diligence (which is under way) as are negotiations for participation in that opportunity. It is stressed that those negotiations are incomplete and there is absolutely no assurance they will materialise in contractual rights giving the Company a beneficial interest therein. Naturally, the market will be kept informed via continuous disclosure. Your directors expect the outcome of the subject negotiations to be known before the Offer Close Date.” Craig Manners has taken a 10% stake. MSI- Reviewing investment opportunities in both China and Australia MYN- Investigating additional domestic or international exploration opportunities. NCO- currently in suspension due to a tenement dispute with the Namibian ministry. Resignation of MD. NHO- Cash $860K Jason Peterson 7% holding /Steinpreis NME- Evaluating projects in the resources sector, no mention of tech. NRR- $3.8m cash currently. A big chunk of the company changed hands a couple of months back at 3.1c. $3.8m cash currently. New projects "not been limited to mineral exploration". NTM- seems to be being 'curated' by MVP Capital (same registered office address). MVP capital played some part in AZK backdoor. Recent board spill and they have signed confidentially agreements with two companies for further due diligence. Projects sound resources based. 249D has been called for the removal of the board. OEG- looking for new acquisitions, presumably tech,$250k cash, BUT... is owed $9 million AUD in a clear cut case in OEG's favor, only issue is whether the debtor has the funds/saleable assets to repay OEG. Bankruptcy negotiations in progress. Quality management who took placement at 2c not long ago, Will be cash backed at 5c if funds come through. In suspension to clarify a compliance issue. OGH- Still in Suspension for an announcement “Pursuant to ASX Listing rule 17.1, Ochre Group Holdings Limited (“the Company”) hereby requests a trading halt on its securities before commencement of trading on Monday, 20 April, 2015, pending an announcement to the market, regarding a corporate transaction that is significant and material to the Company” OKJ - connected to EZA but up to you to decide which the better shell is. OKJ own 15% of EZA. PEL- Not much cash, Worth noting the CR is via new director (Alex Pismiris') firm, Capital Investment Partners. Pismiris et.al appear to have initiated a 249D against the old board and then withdrew it but given old mgmt resigned anyway, they got their desired control of the coy.Here's the coy's previous corporate transactions: http://www.capitalinvestmentpartners.com.au/trans_all.php Swift action after the new mgmt came onboard suggesting something may not be too far away?. Shortfall placement announced, with new director's private advisory firm taking ~70M of the 120M placement. Should be ready to roll now. “The directors of Pelican Resources Limited are pleased to announce the Company has entered into a MOU to sell 100% ownership of Sibuyan Nickel Properties Development Corporation (“SNPDC”). Dynamo has agreed to purchase SNPDC for a purchase price of $A4.70 million” PHA- besides this director buying a few there is not much to notice. PML Dunnsville nickle prospect located within its Jaurdi Hills project (Nickle exploration) What will be of interest is what " non resource related opportunity" they acquire ...it seems they see that more value can be returned to shareholders outside the resource sphere. PNE- Oil and Gas acquisition fell through recently as they could not raise the funds. They are now in suspension till they can raise enough cash to relist. 1:50 share consolidation completed. Their solicitors are Steinpreis POK- $750k cash plus placement monies coming in at 2c.Director also from PRA which had a leaky ship before Thred acquisition, POK also now looking at non-resource acquisitions. PSF- $2.5m cash. Ian Middlemas has a few hundred $k’s skin in the game PTR-a shell again after not proceeding with the potash acq in Germany. but a new Potash project is their target. PUN- “Review of projects to complement existing WA tenement” PXR- QTG- Maybe not a shell but who knows? " presently working with a number of prospective vendors to secure complementary products to enhance our already extensive product offering, further de-risking the business from over reliance on any single supplier. We expect that these strategies successfully implemented over coming months will continue to positively impact the QSS business" QUR- Pat Volpe has come on board as company secretary along with some recent board changes. No field work has been conducted for the last two quarters. RBX- RGU- recent 12 month high, hint in half yearly about new opportunities. RGX- had a backdoor fall through so they will be looking again, with only 20 million shares on issue and cash backed at $1 million is just about the perfect shell Two new directors announced. RYG- Otsana Capital of ACW and BGD fame running the placement Completed the sale of its US assets to PYM. “Raya is satisfied the consideration offers a good return on the project expenditure to date and wishes Pryme and Empire much success. Going forward Raya has no obligations in the USA project and will consider and review potential projects and opportunities that can bring value to the Company.” SAY- Reviewing opportunities outside of the resource sector. Odyssey capital partners have been running the placement and David Yu, Director of MTI has been taking them all. SHK- Asian run shell. Reviewing its current tenements. No mention of new projects. and getting very very deep into debt. SNV- cash 20k. Chinese controlled shell. SOI- Malaysian based ‘shell’ in the middle of an acquisition to construct housing in KL. A whopping $2000 in cash, no I didn’t miss a zero, and 1.8 mill credit facility being utilised. Best to be avoided? SXX- Directors continue to investigate opportunities to participate in joint ventures and acquire projects in Australia and overseas.Southern Cross receives approximately $6 million from Fiji property sale as part of debt repayment: Following repayment of debt will hold approximately $3.7 million in cash .Assessing additional investment opportunities in the resources sector .Committed to strengthening investment portfolio and cash holdings. Cash backing of 0.0042 plus 49% interest in the company who bought their assets SYS- New Malaysian Director appointed."Syngas is continuing the process of evaluating potential projects with a focus on the energy sector. Projects located in South East Asia are being examined and preliminary studies are ongoing to determine the most appropriate way to acquire an operation that can provide immediate positive cashflow and provide a basis for the long term development of the Company" TDX $500k cash. Biomed shell done nothing for a long time but doesn't need to change industry code may spark back into life as they have been open for a back door for some time. THO- may also qualify as a listed shell after selling their business and currently working through a few legacy issues before embarking on a future opportunity. TKL-Walter Yovich of Yovich and Co in NZ became SH in Sept. Tattersfiled group are also on board., the primary focus of current activity still remains the search for new projects which may be acquired through application, farm-in or corporate activity. TMZ- During the quarter Thomson Resources acquired an outstanding tin exploration project located near the Ardlethan Mine, NSW TND- TSN- $2m cash and $5.5m investment looking at new tech deals. Not a shell but looks like a cash and asset backed play looking at new tech deals so it's a shell? They seem more likely to add to their ATM network by acquisitions of competitors.Announced on 1/7/15, TSI India Wins Tender for 200 E-Payment Kiosks TWH- Taylor Collision shell VEC-from the disposal of all tenements notice: Financial effect of the Disposal on the Company The impact of the Disposal on the Company’s financial position will be1)The extinguishment of all debt; 2) On completion provide net cash of approximately $200,000; 3) The release of all security obligations; and 4) Other than cash, the company will have no assets. Their meeting results were posted 5/5/15 and they will be disposing of their assets and looking for an acquisition. Gary Castledine of CPS capital Shell. VTM- John Hancock has resigned from the board to take up an advisory role with Lind partners in NYC to assist them with investing in the ASX resources sector. His parting comments on VTM were“Regrettably fundamentals of the iron ore market do not support junior-led greenfield exploration opportunities. Volta is well advanced in it’s search for alternative projects outside this space,and that is the right course of action at this time.” And from the quarterly “The Company continues to consider acquisition opportunities, as they arise,both within the resource sector and non--‐resource sector” WAL- Coal in Queensland, Gold in Indonesia and some wine asset. Top 2 hold 45%, Director Stroud seems linked to a lot of the top 20 himself. Recently raised some cash and basically added 55million shares at 1cent director took 33million or thereabouts. WFE- During the March 2015 quarter, the Board and Management of Winmar aggressively reviewed multiple commercial opportunities. A number of attractive projects remain under consideration for further evaluation. WPI- Another shell from the M Walker/Cicero Corporate stable. Previous runners have included VTX, ZIP, PYL, NXR. Recently completed a $1mill placement at 1c. MW holds 18% of the register. ------------------ 4) ASX SHELLS MC >$ 5mil: issue and MC correct to ANZ securities advice 9/5/15 CVE- Long suspension has just been lifted after Cygnet Capital arranged a restructure of the register. This one is well worth some research of the names involved. Cygnet arranged the 1 Page RTO. DVI- could possibly warrant a mention due to them backdoor'ing many companies into one ticker. EZA- cash backed to ~16c.Connected to OKJ but up to you to decide which the better shell is. OKJ own 15% of EZA, GLF- $3 mil? cash Two directors on board now are Anthony Karam and James Arkoudis - They recently raised more money for "working capital". Working cap could mean anything? more money to be raised in april. Recent raise will be utilised for further exploration opportunities and to progress assets in Africa. ODY- $4.3 million in cash, Ian Middlemas pursuing acquisitions in Oil and gas
------------------- A big thanks to GobbleDok for continued up to date FA info, Jako64 for kindly generating and supplying the charts and all others who have contributed to the contents of this list.
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