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Re: Mike2112 post# 44226

Wednesday, 05/18/2005 1:35:04 AM

Wednesday, May 18, 2005 1:35:04 AM

Post# of 285861
GVRP - What's up?!
A large reverse split followed by a large forward split is not uncommon to reduce shareholders, paying off those that hold fractional shares in cash.
The reverse split is followed immediately by the forward split, Now GVRP:

Here's the scenario,
GVRP attempted such a tactic and goofed up, the timeline between the RS/FS is over a week apart.
The plan seemed to be to spin off Homeland Productions Inc:
http://www.otcbb.com/asp/dividend.asp?sym_id=GLVP&dDate=05/09/2005&sDateType=Record_date

Then apply a 1 - 6,500,000 reverse split:
http://www.otcbb.com/asp/dividend.asp?sym_id=GLVP&dDate=05/12/2005&sDateType=ex_date ,
to eliminate all current shareholders, paying off the fractional shares next to nothing,

Then forward splitting the shares 3,000,000-1 over a week later
http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

And perform a merger and name change:
http://biz.yahoo.com/bw/050517/175743.html?.v=1

Once the reverse split was performed, the box in level2 stayed blank, no MM's since early morning 05/17/05. An MM showed up EFGI on the offer, selling the shares $3.50 to start, WAAAY before Ex-Date 05/23/05. Then shortly later a PR came out stating it has finalized a Merger Agreement with DigiKidz Holdings, Inc, and has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.

Well, it appears the company jumped the gun, thinking they had already forward split the shares and had begun a news release and dump campaign. They sold a total of 34,853 shares, shares that have due bills attached entitling the buyer to the Ex-Date forward split! 

GVRP        open      high     low     close    change       volume             
  05/17/05     3.50     4.75     2.90     3.75    +0.25        34,853             
  05/16/05     0.00     3.50     3.50     3.50    +0.00             0             
  05/13/05     0.00     3.50     3.50     3.50    +3.50             0


Now the company will have billions of shares out beginning Monday 05/23/05, just from the shares sold on 05/17/05 alone.
They have a mess at hand, calls made confirmed the forward split has not been performed yet, calls to transfer agent showed there was 3 shareholders at the beginning of the day. Shares were sold, and the buyers are having a really fun time, if nothing else, it's worth the entertainment value. Many have bought their admission ticket and having a ball!



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