Monday, November 28, 2011

On watch: ASNB, BRCI, ANTX, OBNI



ASNB 

AdvanSource Biomaterials Corp.

On November 24, 2010, the NYSE Amex suspended trading in the Company’s common stock and filed Form 25 on December 6, 2010 notifying the Securities and Exchange Commission of their decision to delist the Company because the Company was not in compliance with Section 1003(a)(iii) of the NYSE Amex.


Results of Operations:

Three Months Ended September 30, 2011 vs. September 30, 2010

Revenues

Total revenues for the three months ended September 30, 2011 were $848,000 as compared with $491,000 for the comparable prior year period, an increase of $357,000, or 72.7%.

From most recent 10Q:


Stockholders' equity
                   
Preferred stock; $.001 par value; 5,000,000 shares authorized;
   500,000 shares issued and none outstanding as of
   September 30, 2011 and March 31, 2011
      -           -
Common stock; $.001 par value; 50,000,000 shares authorized; 21,533,922 and
   21,426,747 shares issued; and 21,457,230 and 21,350,055 shares outstanding
   as of September 30, 2011 and March 31, 2011, respectively.

We like ASNB for  a few reasons , revenue growth ,very low share structure, and longterm move back to the NYSE AMEX.

Note* While we were writing this report ASNB is getting serious action you may want to be quick on this one. It is near 52 week lows. (We own 14k shares of ASNB.)

BRCI 

Brampton Crest International, Inc.



Recent change in control of the company.

Business Description
America's Emergency Network is designed to be deployed in emergency centers and city halls in communities of any size, from the smallest communities to the largest counties in the United States. State and federal agencies can use the system to widely and inexpensively disseminate their message as well. The satellite-based system will continue to work after a disaster when terrestrial phone lines, cell towers and internet systems have been knocked out.

STOCKHOLDERS' EQUITY (DEFICIENCY)
                   
Preferred stock, $.001 par value; 300,000,000 shares authorized, 264,000,000 shares and -0- shares issued and outstanding as of March 31, 2011 and  December 31,  2010
    
Common stock, $.001 par value; 950,000,000 shares authorized, 190,949,124 and 200,000,000 shares issued and outstanding at June 30, 2011 and December 31, 2010 (respectively)

Keep an eye out for PR from BRCI, the stock is currently not liquid. Be careful.

ANTX   

AcuNetx, Inc.

Recent 8-k filing change in management:



Section 5 - Corporate Governance and Management

Item 5.02.    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On November 17, 2011, Mr. Steve Butler, a member of Board of Directors of the Company resigned in writing at 2:34 pm. Replacing Mr. Butler are Mr. Frank Card and Ms. Cathy Elliott Jones as appointed by the Sole Director and Chairman of the Board, Chapin Hunt Jr.

Mr Hunt replaced the Acting CEO Consultant Joel Ciniero as Chief Executive Officer. Mr. Ciniero served a brief term as Acting Chief Executive Officer until a Mr. Hunt was identified and hired. Mr. Hunt holds the position of Chief Executive Officer, Acting Chief Financial Officer, Secretary and Treasurer.

Mr. Butler resigned from the Board of Directors and any other positions held with the Company on November 17, 2011 at 2:34PM in writing. Until that time, Mr. Hunt and Mr. Butler served on the board together.


Share Structure
Market Value1 $321,741 a/o Nov 25, 2011
Shares Outstanding 67,029,309 a/o Aug 23, 2010
Float Not Available
Authorized Shares Not Available
Par Value  0.001

We recommend waiting to see if ANTX starts bringing their filings current. That may cause us to pull the trigger.

OBNI

OBN Holdings, Inc.

Recent 8-K filing:
Kyodo USA, Inc., a wholly owned subsidiary of OBN Holdings, Inc. (Pink Sheets: OBNI), was granted permits to import and wholesale wine, beer and spirits in the State of California, and to sell wine, beer and spirit to distributors in the States of Texas and New Mexico. The permits were issued by the Alcoholic Beverage Control (ABC) agencies in each of the aforementioned states.


8275 South Eastern Ave.
Suite 200
Las Vegas, NV 89123

Website: http://www.obnholdings.com
Phone: 702-938-0467
Email: info@obnholdings.com

Update Company Info
Business Description
Company Information Update for OBN Holdings, Inc. (Symbol: OBNI) 

Updated Company Information 

Updated Company Email: info@obnholdings.com 
Updated Year Founded: 2001 
Updated # Of Employees: 10 As of 9/1/2009 
Updated Bankruptcy Status: Not in Bankruptcy 
Updated Non-bank Regulated Company: Yes 
Updated Primary SIC Code: 6719 - Holding companies, misc 
Updated Secondary SIC Codes: 4833 - Television broadcasting stations, 4953 - Refuse systems, 5141 - Groceries, general line, 5147 - Meats and meat products, 7389 - Business services, misc, 7812 - Motion picture and video production, 7822 - Motion picture and tape distribution, 7922 - Theatrical producers and services, 8742 - Management consulting services, 8748 - Business consulting, misc 
Updated Business Description: OBN Holdings, Inc. ("OBN") is a holding company with operations in several industries, including the internet broadcasting, television/film production, plastics recycling, intelligent traffic systems and the meat commodity trading industries. In addition, OBN has a subsidiary devoted to providing publicly stock trading listing services. Moreover, the Company is internationally diversified with subsidiaries in China, Japan and the United States. As a holding company our primary objective is to identify and acquire profitable small to medium sized companies as subsidiaries, then manage the subsidiaries growth and development.

OBN's principle business activity is to increase shareholder value by identifying and acquiring profitable companies in a variety of industries throughout the world. Once the companies are acquired, they are developed into more profitable ventures. There are no limitations as to the industry or the geographic region. The primary criteria is the business must 1) be generating a profit, 2) have a positive net worth, 3) have the capacity for growth, 4) must not be in an industry that is objectionable, and 5) the management/owner must be willing to continue operating the business. To date, acquisitions have been made using OBN common stock. As time progresses, management plans to use a combination of cash and stock.

OBN formed OBN Holdings (HK) Ltd to hold monitor and manage our interests in Mainland China and Hong Kong. The Company formed OBN Holdings Japan to hold monitor and manage our interests in Japan. 

Updated Company Officer/Contact: Roger Smith (CEO) 

Updated First Name: Roger 
Updated Email: roger.smith@obnholdings.com 
Updated Phone: 702-938-0467 
Primary Contact? Yes 

Updated Company Officer/Contact: Larry Taylor (CFO) 

Updated First Name: Larry 
Updated Email: larry.taylor@obnholdings.com 
Updated Phone: 702-938-0467 

Updated Company Officer/Contact: Donald Wilson (Secretary) 

Updated First Name: Donald 
Updated Email: donald.wilson@obnholdings.com 
Updated Phone: 702-938-0467 

Service Providers 

Updated Legal Counsel Contact First Name: James 
Updated Legal Counsel Contact Last Name: Dodrill 
Updated Legal Counsel State: FL 
Updated Legal Counsel Country: USA 
Updated Auditor State: CA 
Updated Auditor Country: USA 

Updated Security, OBN HOLDINGS INC (OBNI ), Information 


Contact Information 

Name of the person who completed this form Roger Smith 
Company Affiliation President 
Email Address roger.smith@obnholdings.com 
Updated Phone Number: (310) 466-8297

No recent share structure info
Share Structure
Market Value1 $629,175 a/o Nov 25, 2011
Shares Outstanding 17,477,084 a/o Jan 31, 2009
Float 799,985 a/o Jan 31, 2009
Authorized Shares 500,000,000 a/o Jul 01, 2008
Par Value  0.001

Watch for filings or PR from OBNI