Latino Health Care taking back route in change to Public Status. (Health Care).L.A. has another public company, almost. Latino Health Care, a growing individual practice association with big expansion plans, has nearly completed its reverse shell merger, a move that next month will transform it into a public company. Under the reverse shell process, a private company seeking to go public takes over a dormant Latent; inactive; silent. That which is dormant is not used, asserted, or enforced. A dormant partner is a member of a partnership who has a financial interest yet is silent, in that he or she takes no control over the business. public company, a cheaper alternative to an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. for smaller firms. In this case, the company being taken over is JNS JNS Journal of Neurosurgery JNS Jump If No Sign JNS Narssaq, Greenland (Airport Code) JNS Journal of Neoplatonic Studies JNS Justification for New Start Marketing Inc. of Colorado, which trades over-the-counter. Long Beach-based Latino Health, which as its name suggests is a physician management company that caters to Latino patients, is going public to help finance expansion plans in California, other states, and the border regions of Mexico. Prior to Sept. 11 it sought to raise $5 million in a private placement it was pursuing, along with the reverse shell, to finance a tripling of its 30,000 patient membership over the next 18 months. But since then the company has pulled back. It now wants to have $1.3 million raised at the end of this month, and then raise the difference over the next few months. "We are talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to at least three major investors and three smaller ones," said chief executive Jose Gonzales, a co-founder. The company will be closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. by Gonzales and co-founder Dr. Roberto Chiprut. The company completed its takeover of JNS Dec. 15, after purchasing 3.3 million shares of its common stock, but still needs a stockholder meeting on Feb. 28 so it can reincorporate Re`in`cor´po`rate v. t. 1. To incorporate again. the company in Nevada and wrap up other loose ends. It also needs a new stock symbol. |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion