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NEWS!! NIS Holdings Receives All Cash Buyout Offer at 18 Cents per Share by Global Stock Investments Ltd.
NEW YORK, NY, Aug 08, 2011 (MARKETWIRE via COMTEX) -- NIS Holdings Corp. (OTCQB: NISC) (PINKSHEETS: NISC), is pleased to announce that it has received a. 18 per share all cash buyout offer by Global Stock Investments Ltd. which expressed this way its desire to have a controlling percentage on NIS Holdings. This comes as a follow up to the equity facility agreement referred to in our previous announcement on June 21st. The Board will consider its options to maximize shareholders' value, and will provide further updates within the next few days. Also, Alpha Dynamic Group Inc. unveils launch cards for "EARN-IQ" President of NIS Holdings Chris Kiltsikis stated, "In conjunction with the great news, we are also unveiling our cards that will be used in our initial launch. The first card (picture 01) will be the Limited Edition New York card and will be issued to the first 10,000 applicants, with New York's skyline. This card will surely be a collector's item as it will be our initial launch card." The second card (picture 02) is the Main New York, Brooklyn Bridge Card, which will be issued to all applicants in the greater Tri-State area. This will keep in line with our marketing strategy to have a custom card for every territory in which the card is launched," and continued, "The project is finally in the final stages of completion, and we will be communicating a lot more exciting and innovative services, that will encompass the Earn-IQ offering, in the weeks to come." |
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$NISC history tends to repeat itself! NISC may be positioning itself for a big rally up now that it pulled back to levels it originally spiked up from 6 months ago. Judging by the amount of volume the stock has traded laltely and big buyout news inducing some interest, NISC might be as well poised for a massive trend reversal and climb back up to its 52 week high!
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NISC chart shows some strong accumulation going on here today with MACD taking a turn toward the upside and is about to enter the positive area. RSI has been hovering below 30 notch and is now gearing up for taking a bullish stance suggesting that people have been buying the stock for quite some time now in anticipation of positive news. Ever since the buyout news came out strong hands laid down nice support resulting in NISC surging 33% on the market open. Now that daytraders are moving on to their next play and NISC taking a brief consolidation it's about time investors loaded up some more before the round 2. NISC NISC - SharpCharts Workbench - StockCharts.com
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NISC gained 43% on 2,801,000 volume ALL buys today but dipped briefly on over 4.5 million i.e all time high record volume! NISC was introduced to a company offering 1.8c/share cash buyout!! BIG news just hit! NIS Holdings Receives All Cash Buyout Offer at 18 Cents per Share by Global Stock Investments Ltd. - Yahoo! Finance
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