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No they did not. The CEO said he did not see a need for a RS.
Excuse me for interrupting, but they stated in a past pr that with acquisitions, there would probably be a r/s done along with it, If I recall.
Look at the dates of the post , this board is no longer active new symbol yesterday , new board NXCP
The new board is NXCP and it"s active
Is the new board active yet? Can't seem to find it.
looks like a mistake jupiler. His posting is from january 2007
New board NXCP
why do you start talking about R/S - they will NEVER do that with this SS. Why all this BS?
you better should, news and fund coming in... see you at 0.10++
Mods!! off topic! remove these messages about his loss in another stock please.
Low cost Wifi is coming just in time to rescue all these small under performing ISP hosting companies like Sunrise Broadband SBBD which was suppose to merge with NexHorizon and I guess it never happened? Anyone know about this, I was doing search and came across this posting.
Still here jip53? Created a new board today for NexHorizen.
http://www.investorshub.com/boards/board.asp?board_id=8219
GLTU!!
Addict
Last day before the R/S and all in all not a bad reaction from the street! It's actully settled a little higher then before the accouncement. So many of these stock tend to sell off on this. I guess time will tell. GLT Us!!
Addict
IMO The company has never had a better chance of going somewhere. If the 25 million financing is still in play that is,and I have to assume it is,they could move forward with their business plan if they receive it. With the R/S there won't be a lot of shares out there which could mean some big moves(hopefully up)! As for me adding,my wife will only give me so much money to play these pinks and for now I have no more money to play with at present(LOL)
GLTU
Addict
see you there,would you be adding here?
Nothing yet on the Share dividend shareholders of SBBD will receive so I can't say for sure how many shares I will eventually end up with??? 40,000 shares of SBBD is what I started with. As soon as we get a new symbol I'll start a new board.
Addict
just 30k,bought @.041,no DD,just based on the share structure,to me all the pinks and 90% of the BB stocks are scams,the idea is not get greedy and take profit and move on!,i think we should do o'kay here,lets hope.
The R/S isn't especially a bad thing. It may be that in order to get the 25 millon in financing they may have had to do this. If they can announce this financing within a couple weeks we could see a nice pop! Regarding my venting in my last post,I guess I'm frustrated with the lentgh of time it's taken to move forward with all of this! Do you own shares at this time? GLTU!
Addict
oooops....
BROOMFIELD, CO--(MARKET WIRE)--Jan 19, 2007 -- Y-Tel International, Inc. (OTC BB:YTLI.OB - News) announced today its board has changed its name to NexHorizon Communications, Inc. and set an 8.5 to 1 reverse split of its common shares, which was previously approved by shareholders. Additionally, the holders of the Series A, B and C preferred stock will be converted to common and be reversed 4.5 to 1. The effective date will be January 29, 2007.
Said Calvin D. Smiley, Sr., Y-Tel International CEO, "This realigns the Company's capital structure thus providing a solid foundation from which we can build upon. It accomplishes the issues surrounding our funding challenges and positions the Company for execution of its new business model. This is an exciting time for the company and our investors as management will be releasing information in the coming weeks and months regarding the name change, funding and acquisition targets for the company."
thanks! share count alone and the price of .04,looks good though!,lets hope it moves higher.
Don't count on it! These guys are a bunch of crooks IMO.
Smiley F%$#@ all the shareholders that invested in SBBD by not transfering ther're shares over to the new company while making sure he got his. If he'd do it once he'll do it again! Had a little of it which is now worthless!!
Good Luck
Addict
A/S.....50 mil.
O/S......19 mil. (as of 10/31/06)
this should easily move!,great share structure!
Someone's Buying! May be things are about to get interesting around here. We will see. Never did get enough volume to sell. Hoping it works out. Cancelled my sell order given the interest thats seems to be building here.
Addict
Filing today proves that Smiley has no ones interest at heart other than his own!! I'm out of here.
GLTA
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Still sticking around waiting for God only knows what! Time will tell on this one. GLTA
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starbright,This may be why no action yet......
"The closing of the transaction is subject to delivery of audits for Sunrise Television Networks, Inc. and its subsidiary Sunrise Broadband of Colorado, Inc."
IMO the deal is done but until these audits are completed and delivered, but, as with all deals, there is always a chance the deal won't get done. Smiley has already assumed the role of CEO so the odds of this R/M not happening are about as low as it can get. Once the audited financials are done it is my impression from the P.R.'s that the company will then have access to the $25 million credit line for which to grow the company. IMO this is a lot of money and should throw a spark into the PPS. This may be a chance to get in early for a nice bump in PPS. I look for this all to happen sooner rather tham later.
Addict
P.S. Sorry for the public reply but I'm still a freebie at this point.
Checked with the company today and the Equity Line Funding agreement with Dutchess Private Equity Funds, LP for up to $25 million is very much in play and is part of the merger deal between Sunrise and YTEL. When this merger closes,within 60 days,this $25 mil will kick in. I look for a big boost in PPS when this happens IMO. GLTA
Addict
If anyone feels something else should be added or changed or you feel you may want to be an assiant don't be afraid to post this at any time.
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Believe this to be a good intermediate to long term play. Once they become fully reporting they will be securing the $25 million dollar line of credit. This is when the action begins IMO. GLTA
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