December 6, 2018 at 3:06 pm #93019
DD:Ticker ‘NHPI’ just now getting known around-the-financial-world:
-so here we are the lucky penny Ihub people, who watch penny stocks everyday and were able to find this right away…but the public at large certainly didnt – but now slowly are being clued into whats going on…and IF the public at large is just finding out about ticker NHPI because of these news articles coming out in last couple days….
—-, as a way to essentially buy pre-IPO shares in The Woodbrook Group when you think about it (if Woodbrook went traditional IPO route well we wouldnt be here and no one except the big boys and firms could by pre-IPO shares : how lucky are we guys?) – and shares at mere penny prices…and it takes some time for people to find the right Broker thats able to buy and sell most all penny stocks if they dont already have say Etrade and are overseas….: then guys, we may have waves of buying and new buyers for awhile, and it doesnt take much with a penny stock already so heavily accumulated for two months…to really move it parabolic — when the public at large slowly starts buying in along with the penny market.
-According to Boardmarks only several hundred here on Ihub NHPI Board so far….we are not even at 500(!)…so could you imagine if a thousand people and new money from public finds their way here in the next couple months?
Here is one of Irelands oldest and largest newspapers, The Irish Times and its article yesterday on us:
Financial advisory founded by Irishman gears up for Nasdaq listing
Woodbrook Group is targeting €20bn in assets under management
”In the US, Woodbrook recently acquired NHPI, The Irish Times has learned, which will allow it list on the Nasdaq exchange.”
Then, another article out on International Advisor….who also found out the same thing: they found the filing that Woodbrook Group took over the NHPI ticker in U.S.! Most even in the financial world are just finding out about ‘NHPI’(!) – and btw i like how Michael describes why he choose to do the RPO….with….the clean shell that is in fact : NHPI yesssss!:
”Speaking to International Adviser, Woodbrook chief executive Michael Doherty explained: “The group decided to pursue an IPO through a private equity firm in the US.
“Through discussions, we found that the easiest solution would to be a reverse public offering. It works by us identifying a company that is already listed, with a clean share class, and purchasing it.”
Also known as a reverse takeover, the move sees Doherty installed as chief executive and president of the newly restructured business.
He is joined by existing senior Woodbrook executives: Senan McGonigle as chief operating officer, Maria Milaj as chief commercial officer, and Christina Doherty as director of IT and marketing.
Doherty declined to name the US company involved in the reverse IPO. (Im thinking either he cant yet for SEC reasons and doing it all by the book – or he doesnt want public to be confused with the NeuroTech name or maybe even ticker NHPI cause it may cause confusion and a new ticker name is coming…)
Woodbrook remains sole focus
International Adviser, however, has seen a document that strongly indicates that it is called Neuro-HiTech.
A share exchange agreement was announced between the firm and Woodbrook Group on 29 October 2018.
According to the document: “Under the agreement, we [Neuro-Hitech] acquired all of the issued and outstanding capital stock of Woodbrook in exchange for issuance to the former shareholders of Woodbrook, on a pro rata basis, of 2.4 million of our newly designated series A convertible preferred stock.”
It goes on to state: “Following the closing of the agreement, we intend to continue the business of our newly acquired subsidiary, Woodbrook, as our sole focus.”
The document also confirms the appointments of Michael Doherty, McGonigle, Milaj and Christina Doherty in the positions outlined above.
No financial details of the deal were disclosed.
Doherty, who recently appeared in International Adviser’s list of the most influential people in the industry, said the firm has “worked hard [towards] the milestone” of potentially listing on the Nasdaq.
“This will enable us to grow as an organisation and expand in new markets without compromising on our integrity and the bespoke services we provide to our clients.”
The firm has a target of €20bn (£17.7bn, $22.6bn) of assets under management within the next three to four years.
“The only way to do that is by acquiring companies,” Doherty told IA, adding that Woodbrook already has its eye on at least four firms. .
December 6, 2018 at 3:10 pm #93020
Dan@danspinnerDecember 6, 2018 at 3:12 pm #93021
Thanks for the useful post, buddyDecember 6, 2018 at 3:13 pm #93022December 6, 2018 at 3:14 pm #93023
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