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TOPIC: Odimo Inc (ODMO) reverse merger

ODMO 3 years 11 months ago #1705

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Saw this on "The Lion" Was an ODMO post

Now for my speculation finding: ODMO is a non operating shell company. They are basically a dormant company looking for a reverse merger, but what makes them unique is the fine print in one of their filings.
ODMO was suppose to merge with another company a few years ago but due to certain events the transaction was voided out. Read about it here: biz.yahoo.com/e/121113/odmo10-q.html
Now in their latest financial filings, they threw in the statement "from an action we may pursue against Hubei Jinlong Cement Co. and/or their affiliates" This was the company they were suppose to merge with. I don't know if they took any actions against this company but if they did and if they win the results could be big for a company that has nothing! Everything with ODMO is what if, so keep it on your watch list. Quote: finance.yahoo.com/q?s=ODMO
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Odimo Inc files Form 15 4 years 6 months ago #1669

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ODMO filed a Form 15 today to terminate their sec filings. Either they gave up on the shell, or decided to let it sleep for awhile.
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Odimo Inc (ODMO) reverse merger 5 years 11 months ago #1607

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ODMO showing signs of life. Is this the other shoe dropping?

Editor's Note: I moved this post back to the original ODMO Topic.
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Odimo Inc (ODMO) reverse merger 6 years 7 months ago #1553

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Yes, that is why ODMO was added back to the Profile List on 2/16/11.
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Odimo Inc (ODMO) reverse merger 6 years 7 months ago #1552

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Guest,
This deal is dead. Transaction has been rewound. See latest 10K. Waiting for the other shoe to drop...meaning a brand new merger deal. It will happen.
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Odimo Inc (ODMO) reverse merger 7 years 6 days ago #1537

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[Odimo Inc (ODMO) reverse merger]
Odimo Incorporated Completes Reverse Merger With Standard Crushed Stone Industry Limited

HUBEI, CHINA, Nov 17, 2010 (MARKETWIRE via COMTEX) -- Odimo Incorporated, Inc. (the "Company") today announced the completion of a reverse merger transaction on November 11, 2010, with Standard Crushed Stone Industry Limited ("SCSI"), through which the Company acquired control of SCSI's cement manufacturing and distribution business in the People's Republic of China (the "PRC" or "China"). The Company plans to change its name in the near future to better reflect its new business direction.

SCSI produces and sells Portland cement in China under the brand "Xuanlong." All of the business operations are carried out by Hubei Jinlong Cement Co., Ltd. ("Jinlong"), which SCSI controls through contractual arrangements between Jinlong and SCSI's wholly-owned subsidiary in the PRC, Great Mountain Information Consultant Co., Ltd. Jinlong's cement plant, located in Shiyan, Hubei Province, commenced operations in 2005 and recently completed a new production line bringing total annual production capacity to 2.3 million metric tons.

Mr. Zhilian Chen, who was appointed Chairman and Chief Executive Officer of the Company in connection with the reverse merger transaction, remarked from China: "Every enterprise desires success, but very few companies reach the pinnacle of achievement. This is only the start for our company and shareholders alike. Through our perseverance, modernization and hard work, the company looks to continue to advance organically and through acquisition as infrastructure in China continues to flourish."

Continued Chairman Chen, "Based on unaudited results for the nine months ended June 30 2010, our net revenues and net income were approximately $32.31 million and $2.64 million, respectively, as compared to $26.49 million and $4.74 million for the nine months ended June 30, 2009, respectively. For the year ended September 30, 2009, we reported net revenues of approximately $36.15 million and net income of $6.10 million, respectively."

About Odimo Incorporated: Odimo Incorporated ("Odimo" or the "Company"), through Hubei Jinlong Cement Co., Ltd., a PRC company which it controls, is engaged in the manufacture and sale of Portland cement in China. The Company's cement products are marketed under the name "Xuanlong," and are used for residential, commercial and infrastructure constructions.

Safe Harbor Statement Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.


www.marketwatch.com/story/odimo-incorpor...ed-2010-11-17?d=nbkt
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