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post #101 of 109
Quote:
Originally Posted by jackfree View Post

Form 10-Q Released

Form 10-Q Released

Only New Info I see:(I don't understand if this has happened and why we were not informed) Maybe not the same common trading shares we hold on the OTC:BB

On April 2, 2012,a five (5) share for one (1) share reverse stock split of the Company’s common stock was approved by our Board of Directors and by the written consent of our stockholders entitled to vote and holding at least a majority of our outstanding common stock, par value $0.0001 per share. Stockholders holding in the aggregate 54,670,271 shares of Common Stock or approximately 57.44% of the voting stock outstanding as of April 20, 2012 approved the reverse split.

Revenues
Total revenues for the six-month period ended March 31, 2012 were $236,931 as compared to $74,220 generated for the same period a year ago, an increase of $162,711 or about 219%. We continue to pursue revenue opportunities in all forms (consulting, royalties and license fees).

My Guess above Revenues are from a bit of sales from Mexico and the last of the discontinued research income.


got that backwards....the split would be 1 for 5 rolleyes.gif
guess they are trying to make it look like a positive lol...or just have no idea what they are doing with the company
post #102 of 109

Note: AlphaRx Inc. Now trades under the new symbol of ALRXD and the 1 for 5 share split has been processed at a price of .075 so now opening price is .375 to make it more attractive as you have pointed out kevin1612.

http://www.otcmarkets.com/stock/ALRXD/company-info

post #103 of 109

AlphaRx Signs Binding Letter of Intent to Acquire UMeLook

HONG KONG, June 21, 2012 (GLOBE NEWSWIRE) -- AlphaRx Inc. (OTCBB:ALRXDOB) is pleased to announce that it has signed a binding letter of intent to acquire all of the issued and outstanding shares of UMeLook Holdings Limited ("UmeLook"). The transaction is expected to close on or before August 15, 2012. UMeLook is a digital media startup with an intense focus on China. UMeLook's first product is a global online video distribution platform tapping into the power of full motion video, helping advertisers large and small to tap into a massive market while having no competitors. If a picture is worth a thousand words, a video message can be worth millions in revenues. UMeLook is releasing a beta site www.umelook.com for public testing in China and the USA simultaneously. YouTube and many other popular video sites are blocked by China's "Great Firewall". UMeLook is uniquely positioned to offer advertisers the ability to use their existing promotional video assets to access mainland China consumers. Marketers spent $7.4 billion on online marketing in China in 2011, representing 13.5% of total media spending. That was up from $5.1 billion, or 10.6% of the total, spent in 2010. More than 60% of China's approximately half billion internet users watch online videos, equivalent to about 325 million users in the second half of 2011. As the number of China's internet users grows, so will the online video market. Chinese are spending much of their time online -- an average three hours a day, compared with two hours watching television, according to a study conducted last year by Starcom Mediavest Group. The statistic is the same for consumers even in the less developed, lower-tier markets that brands are keen to crack. The acquisition of UMeLook is to be completed as a share exchange through the issuance of 70,000,000 common shares of AlphaRx Inc. to the shareholders of UMeLook at a deemed price of $0.30 per share in exchange for all of the issued and outstanding shares in the capital of UMeLook. The common shares to be issued pursuant to the acquisition will not be registered for sale under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and will be subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under SEC guidelines.

post #104 of 109

AlphaRX - ALRX - Release QT Financials

finance.yahoo.com/q/is?s=alrx

It is not a high volume trading stock and I don't think too many people follow it. People will come if they complete any new media deals in China. Also no real earnings in the new venture or it seems from old deals in Mexico.

post #105 of 109

Form 8-K for ALPHARX INC


31-Aug-2012

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry into a Material Definitive Agreement.

On August 29, 2012, we entered into an agreement (the "Agreement") to acquire UMeLook Holdings Limited ("UMeLook Holdings"), a corporation formed pursuant to the laws of the British Virgin Islands on February 12, 2012, from its shareholders. Under the terms of the transaction (the "Transaction") we will acquire 7,000 shares of the common stock of UMeLook Holdings, representing 100% of its securities outstanding in exchange for Seventy Million (70,000,000) newly issued shares of our common stock and 2,000,000 options to purchase common shares. The options are exercisable until September 30, 2017, at the price of $.50 per share. Prior to the acquisition, we had 19,036,000 common shares outstanding. After the acquisition of UMeLook Holdings, we will have 89,036,000 common shares outstanding. There will not be a change of control of our officers and Board of Directors as a result of the Transaction. As such, Michael Lee will remain our President, Chief Executive Officer and Director. There will be a change of our shareholder voting control as a result of the transaction. After the transaction, Vago International Limited, a company controlled by Yee W. Chu will hold 62.90% of our outstanding common shares.

On August 30, 2012, we completed the transaction and acquired all of the issued and outstanding shares of UMeLook Holdings. We are engaged in the development of proven therapies by reformulating FDA approved and marketed drugs using proprietary drug delivery technology. As of our last fiscal year, our revenues were approximately $183,500, representing the sale of our product in Mexico and income from consulting services. For the nine-month period ended June 30, 2012, our revenues were $102,306, and during July and August, 2012, we generated additional revenues of approximately $26,138. Presently, we offer our Indaflex prescription drug product for the treatment of inflammation in one country, Mexico.

We plan to offer digital media products in China through UMeLook Holdings which was formed on February 12, 2012. UMeLook Holdings' operations will be conducted through its wholly owned subsidiary UMeLook Limited, a company formed under the laws of Hong Kong on February 23, 2012, which is 100% owned by UMeLook Holdings. As a result of the transaction, UMeLook Holdings will become our wholly owned subsidiary. UMeLook Limited will remain a subsidiary of UMeLook Holdings after the transaction. As a result of the transaction, our management will become the management of UMeLook Holdings and UMeLook Limited. To date, UMeLook Holdings and UMeLook Limited have not generated revenues. There is no assurance that the acquisition of UMeLook Holdings and UMeLook Limited will increase our revenues or cause us to be profitable.

post #106 of 109
post #107 of 109

I don't know if this changes anything?????

 

Form 8-K for ALPHARX INC 19-Feb-2013 Other Events Item 8.01 Other Events. AlphaRx Inc. (the "Company") has completed the continuation as a British Virgin Islands company, the shares of the Company will begin trading on the OTCQB Marketplace under a new symbol "ALRXF" on February 19, 2013. Furthermore, the Company will be deregistered with the State of Delaware as of February 25, 2013.

post #108 of 109

Financials Released:

 

http://finance.yahoo.com/q/is?s=ALRXF

post #109 of 109

AlphaRx Announces Name Change to UMeWorld Limited -- New Name Reflects Company's Focus, Direction and Commitment to Create Significant Shareholder Value

Full News Link

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