OXFV.OB

[David Randolph]

That seems to be a good strategy lalitha, I was just reading the last SEC filing of the company and found this:

«On September 6, 2005, the Registrant entered into a term sheet (the
"Merger Term Sheet") with Uluru, Inc. ("Uluru") pursuant to which it is bound to
enter into an Agreement and Plan of Merger and Reorganization (the "Merger
Agreement") by and among Registrant, Uluru, and a to be formed wholly-owned
subsidiary of the Registrant ("Merger Corp."). As contemplated by the Merger
Term Sheet, Merger Corp. will merge with and into Uluru (the "Merger"), as a
result of which Registrant will acquire all of the issued and outstanding shares
of Uluru and Uluru will become a wholly-owned subsidiary of the Registrant. As
contemplated by the Merger Term Sheet, the Registrant will use proceeds from the
Bridge Notes to provide a bridge loan to Uluru. Uluru, in turn, will use the
proceeds from this financing to acquire certain pharmaceutical assets as well as
for general working capital purposes.

In connection with the Merger, the holders of Uluru common stock, will
receive 11,000,000 shares of the Registrant's common stock and the shareholders
of Registrant immediately prior to the Merger will retain 1,000,000 shares of
common stock of Registrant.

         After giving effect to the Merger, the shares of common stock into
which the Bridge Notes are convertible and the Warrants, Registrant will have
28,000,000 shares of common stock issued and outstanding.

         Among its other provisions, the Merger Term Sheet provides that the
Board of Directors of Registrant following the closing of the Merger shall
consist of five members. On the closing date of the Merger, all of the current
officers and directors of Registrant shall resign and, simultaneously with such
resignation, appoint a new Board of Directors and such executive officers as
shall be determined Uluru, except that Highgate and Prentice have the right to
appoint one member of the five new members of the Board of Directors. All
securities issued pursuant to the Merger will be "restricted" stock and be
subject to all applicable re-sale restrictions specified by federal and state
securities laws.

         The parties' obligations to consummate the Merger are subject to
certain closing conditions including the following: (i) obtaining all necessary
board, shareholder and third party consents; and (ii) satisfactory completion by
Registrant and Uluru of all necessary technical and legal due diligence.

         From and after the date of execution of the Merger Term Sheet and
continuing through December 4, 2005 (the "Exclusivity Period"), Uluru has agreed
that it will not enter into any agreement or consummate any transaction with any
third party, in whatever form, other than in the ordinary course of business
(including, without limitation, joint venture, sale, license, distribution
agreement, etc.) or enter into any other transaction that would preclude the
consummation of the transactions contemplated by the Merger Agreement.»

So, here's the reason for the interest on OXFV.OB and the explanation for the volume. The company will be used as a "shell" for another company to be listed on the market. It looks like this company will turn into a pharmaceutical company and Cornell is involved.

Considering the market cap of the stock is just $413,253 it is clear we have a lot of potential for speculation and appreciation here. Maybe those 10 days of updates won't be such an effort 

I goggled Uluru but found nothing, other than it is a beatiful land in Australia 

This is update #5 !

[David Randolph]

Just one trade today on OXFV.OB, and it wasn't me, so you know I still hold this penny stock  This is update #6.

[David Randolph]

No speculation yet, when will that merger agreement take place? We have this date:

«From and after the date of execution of the Merger Term Sheet and
continuing through December 4, 2005 (the "Exclusivity Period"), Uluru has agreed
that it will not enter into any agreement or consummate any transaction with any
third party, in whatever form, other than in the ordinary course of business
(including, without limitation, joint venture, sale, license, distribution
agreement, etc.) or enter into any other transaction that would preclude the
consummation of the transactions contemplated by the Merger Agreement.»

Perhaps I will write the company to get some more information, who is this Uluru, when will the merger happen?

This is update #7.

[David Randolph]

Nothing new on OXFV.OB and almost no volume. Just leaving the updated chart, this is update #8.

[David Randolph]

Some volume pick up on OXFV.OB today. I guess the news hidden on the last SEC filing of the company will still add fire to the stock. If they can put it up a bit on stronger volume speculators will be attracted to investigate the story and this can fly a lot, since it has just $387,000 in market cap.

I will continue holding OXFV.OB for some more time (take a note on the indiscipline here, it usually costs money, I almost hope it does).

[David Randolph]

Some volume pick up on OXFV.OB today. I guess the news hidden on the last SEC filing of the company will still add fire to the stock. If they can put it up a bit on stronger volume speculators will be attracted to investigate the story and this can fly a lot, since it has just $387,000 in market cap.

I will continue holding OXFV.OB for some more time (take a note on the indiscipline here, it usually costs money, I almost hope it does).

Volume increased a bit again on Friday, and possibly that will attract some short term speculators to this micro penny stock and possibly they will read the last SEC filing from the company and notice that it is entering into a merging agreement with a company to work on the pharmaceutical sector.

Anyday there can be some news on this merger deal, so I'll keep this stock some more time, I still have 50% of the 3 Pennies Portfolio in cash so the opportunity cost isn't high.

[David Randolph]

This holding is a shame but I'm thinking of holding it until I sell some big gainer so I can offset this loss with a larger profit. I'll continue holding it for some more time, and we never know if anyday we won't get that merger news, since the plans came out on a SEC filing they should be for real.

[David Randolph]

Today OXFV.OB was down 23%, then up 23% just to close unchanged on the day 

That's what a $335,000 market cap can do. But I see volume creeping up, about 7.6 million shares today, so maybe something's going on behind the scenes. The stock should be dead because the company is bankrupt, but there were some merger news on the last SEC filing from the company, on September 13th.

So anything can happen here, and I have just about $450 invested on this stock (the buying was a mistake, I should correct the mistake by selling, but nobody is perfect), so I'll keep it some more time ...

[David Randolph]

Nothing new on OXFV.OB today. I'll continue holding.

[David Randolph]

Still no new developments to that merger news (well, not news, it is pretty much hidden on a form 8-K that probably almost nobody read).

I'll continue holding this penny stock, maybe over the weekend I'll investigate a bit more about that Uluru company, which OXFV.OB is about to merge with.

[JKN]

I can't find anything on Uluru, Inc. in a Google search.

Someone else couldn't find them either and suggests that "Slick Dan" (Dan Leonard, CEO of OXFV)is pulling a "fast one" with Uluru.

http://www.antandsons.com/2005/09/micro-cap-oxford-ventures-financing.html

[David Randolph]

I can't find anything on Uluru, Inc. in a Google search.

Someone else couldn't find them either and suggests that "Slick Dan" (Dan Leonard, CEO of OXFV)is pulling a "fast one" with Uluru.

http://www.antandsons.com/2005/09/micro-cap-oxford-ventures-financing.html

«It just sits there in Australia. Also known as Ayres Rock. This is just my opinion, but, I think "Slick Dan" is pulling another fast one. There is no company registered with the S.E.C. by that name; and there is none to be found in search engines. Maybe that's where Dan plans to go with the money he raises.»

Thanks for posting that link JKN 

On the SEC filing filed by OXFV.OB says Uluru Inc is in the process of acquiring pharmaceutical assets. I think it doesn't make much sense for the CEO to make a scheme like this because there was no press release, the information was very hidden.

Even I, when I bought the stock, I didn't know of this merger agreement.

If you wanted people to buy your stock whit a scheme like this wouldn't you put on a press realease about the subject so everybody knows about the fake merger?

Well, I don't know, there's almost no information about this company, other than the market cap is just $258,000 at this point.

I will continue holding it some more time.

[David Randolph]

Again on the merger subject: I think the fact that the news came on an SEC filing instead of a press release makes it more credible.

Anyway, shares are dead (but more alive than in the recent years) at $0.0012 and I'm losing 58% on this penny stock. I will continue holding some more time, though.

[JKN]

I like the volume pattern on this one, that's why I checked it out just to see what I could find. I really have no opinion one way or another on the info that I found. One just never knows the motivation of a posting, if any.  Just an FYI post.

I do not own this stock, but considering a small interest if it gets down to the 0.0009 range.  If merger news comes, it'll run hard and I'll bet try to break .30.

[David Randolph]

Thanks for your comments JKN 

Nothing new on OXFV.OB, the stock rose a bit yesterday ...