Re: hope this is not a dumb question
in response to
by
posted on
Jul 19, 2012 04:10PM
XTouch Metal Mesh Touch Sensors and Diamond Guard Hard Coat Resin (Glass Replacement Technology)
It's quite simple....rofl... Looks to me that they were involved in some sort of shell reorganization as they attempted to become a company. I dpn't think any of this has much to do with their current business plan or operations. But please read on as I would appreciate any feedback. The following operations is from their 10K.
Formation History
We were originally incorporated in the State of Nevada as Super Shops, Inc. On November 15, 1999, Super Shops and its sister companies filed an amended petition under Chapter 11 of the United States Bankruptcy Code. On July 31, 2000, the court approved Super Shops’ Amended Joint Plan of Reorganization. On October 13, 2000, and in accordance with the Plan of Reorganization, the management of Super Shops changed its state of incorporation from Nevada to Delaware by merging with and into NEV Acquisition Corp., a Delaware corporation formed solely for the purpose of effecting the reincorporation. On June 13, 2001, Real-Estateforlease.com, Inc., a Delaware corporation, merged with and into NEV Acquisition Corp. Following the merger, NEV Acquisition Corp. changed its name to Real-Estateforlease.com, Inc. Real-Estateforlease.com, Inc. was incorporated on May 24, 2001, in the State of Delaware to serve as a business-to-business internet information intermediary providing turnkey marketing services to facilitate the leasing of commercial real estate properties. Pursuant to the Agreement and Plan of Merger between NEV Acquisition Corp. and Real-Estateforlease.com, Inc., the sole stockholder and founder of Real-Estateforlease.com, Inc. exchanged his equity ownership interest in Real-Estateforlease.com, Inc. for 633,334 shares (or approximately 96%) of NEV Acquisition Corp.’s common stock. At the time of the merger between Real-Estateforlease.com, Inc. and NEV Acquisition Corp., Real-Estateforlease.com, Inc. had no operations and essentially no assets. Efforts by Real-Estateforlease.com, Inc. to implement its business plan ceased in June 2002.
Our wholly owned subsidiary, Uni-Pixel Displays, Inc. was originally incorporated as Tralas Technologies, Inc., a Texas corporation, on February 17, 1998.
Tralas Technologies, Inc. changed its name to Uni-Pixel Displays, Inc. during 2001. On December 7, 2004, Real-Estateforlease.com, Inc. entered into a merger
agreement with Uni-Pixel Displays, Inc. and certain other parties pursuant to which Uni-Pixel Displays, Inc. became a wholly-owned subsidiary of Real-
Estateforlease.com, Inc. At the time of this merger, Real-Estateforlease.com, Inc. had no operations and no material assets or liabilities. Pursuant to the merger, we
changed our name from Real-Estateforlease.com, Inc. to Uni-Pixel, Inc. at the annual meeting of our stockholders held in January 2005.
Uni-Pixel, Inc. is now the parent company of our wholly-owned operating subsidiary, Uni-Pixel Displays, Inc. As used in this document, “Uni-Pixel,” “we,”
“us,” and “our” refer to Uni-Pixel, Inc. and our wholly-owned consolidated subsidiary, Uni-Pixel Displays, Inc.
The common stock, par value $0.001 per share, of Uni-Pixel is currently quoted on The NASDAQ Capital Market under the ticker symbol “UNXL.” From
January 18, 2006 until December 9, 2010, our common stock was quoted on the OTC Bulletin Board under the ticker symbol “UNXL.OB”.
On December 9, 2010, we affected a 1-for-15 reverse split of its common stock, which was authorized by our Board of Directors.The primary objective in
affecting the reverse split was to better enable us to obtain its listing of its common stock on The NASDAQ Capital Market. As a result of the reverse stock split,
each fifteen shares of the common stock that was issued and outstanding or held in treasury on December 9, 2010 at 5:00 pm Eastern time were automatically
combined into one share. The reverse stock split reduced the number of issued and outstanding shares of common stock as of December 9, 2010 from approximately
52.1 million shares to approximately 3.5 million shares. Fractional shares were rounded up to the nearest whole number. The reverse stock split affected all of the
holders of common stock uniformly. Shares of common stock underlying outstanding options and warrants were proportionately reduced and the exercise price of
outstanding options and warrants was proportionately increased in accordance with the terms of the agreements governing such securities. All common stock share
and per share information in this report have been restated to reflect retrospective application of the reverse stock split, except for par value per share and the number
of authorized shares, which were not affected by the reverse stock split.