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FUSR: FINRA deleted symbol:
http://otce.finra.org/DLDeletions
I think they did a huge R/S to drop the A/S.
Outstanding Shares
31,472,371 as of Jun 30, 2010
Authorized Shares
950,000,000 as of Jun 30, 2010
Float (shares)
4,713,735 as of Jun 30, 2010
Number of Shareholders of Record
554 as of Jun 30, 2010
yet last qrtly says 20 bill a/s???
nevada sos 950 mill
MK
Is this a good stock ?
Please don't reply to this post. In case you havn't noticed the first sentence is sarcasm.
Thank You for your time,
The Management
Could this news help make some noise??
Big Apple Worldwide Reduces Authorized Shares
NEW YORK, NY, Jul 17, 2008 (MARKET WIRE via COMTEX) -- Big Apple Worldwide, Inc. (PINKSHEETS: BPWI) is pleased to announce that its Board of Directors has approved a reduction of the Company's authorized common stock to 950 million shares. The purpose of the reduction is to aid the Company in its objective to increase the share price in concert with its current business plan and marketing efforts. Since February 2008, Big Apple Worldwide's authorized share count was reduced from 20 billion to the current level of 950 million shares.
The Company believes that the overall value of Big Apple Worldwide has a tremendous upside and wishes to reflect that value in its stock price. The reduction was filed with the Nevada Secretary of State. Big Apple Worldwide's Board of Directors received the consent of a majority of the shareholders to amend the Company's Articles of Incorporation.
"By reducing the authorized share count, we want to assure our shareholders that the Company is committed to maximizing shareholder value. This is all part of an effort to increase our share price and become more attractive to the large investment community," stated Neal Jablon, CEO and President of Big Apple Worldwide, Inc.
The Company believes that a significant increase of the share price is obtainable with existing assets in place and projected income based on current business contracts and those in negotiations. It intends to raise additional growth capital to achieve a share price worthy of a move to a higher trading arena.
About Big Apple Worldwide, Inc.:
Big Apple Worldwide, Inc. (www.bigappleworldwide.com) is a holding company focused on serving the hospitality, leisure and retail market. Big Apple Wallcovering, Inc. (www.bigapplewallcovering.com) is a wholly owned subsidiary of Big Apple Worldwide and has inspired the Architecture and Design community with cutting-edge design and the manufacturing of architectural wallcovering and fabrics for hospitality, private offices and commercial interiors. Big Apple Wallcovering now enters the retail industry, placing its "No More Books(R)" kiosks into major retailers across the country. Big Apple Worldwide, Inc.'s subsidiary, Elabrient Surfaces (www.elabrient.com), is a commercial interior design development and manufacturing company specializing in commercial wallcovering. Big Apple Travel, Inc. (www.bigappletravel.com), a wholly owned subsidiary of Big Apple Worldwide, Inc., is a full-service travel agency and features a next-generation travel salon in Orlando, Florida.
nething brewing here...see the action today but not much excitement?
LOL !!! Why did administration throw you in ihub jail ?
I hope you weren't pumping this pos !!!!
I think this one could get going today
no - I guess that was the only good thing
sad! did you have to pay the 150 dollar fee?
i had 55,000 restricted shares of bpwi (i got it from my purchase of prrm.pk several years back). i searched on how to lift the restriction - stumbled across this board. did as it stated (requesting stock cert.) when finally received stock cetificate from etrade after four months of waiting, i had only 220 shares due to their convienient reorganization before issuing my stock cert. (which entailed a reverse stock split of 1:250) easy come, easy go
slider - bpwi did a r/s? when??
Well hopefully etrade didn't charge you for delivering them to you. Now you see how these pink pos companies screw over there shareholders. They reverse split and sell more onto the market. They don't care.......
They basically work just like our federal reserve. They print money whenever they need it. Don't ya wish you could do that !!!
Striper - I finally got my stock certificate from etrade - but instead of being for 55,000 shares of BPWI.PK, they did a reverse split of 1:250. So after the reverse split my shares equal 220. And on top of that the issued a stock certificate for 114 shares; not enough even to cover the cost to get it unrestricted.
From memory it took between 4-5 weeks before they were sold.
This is what you need to do first.
Get your broker to send you the certificate.
or,
find out if they will send it to the transferr agent for you and if any costs are involved.
personally I would have them send me the certificate.
striper
my shares are still restricted...lol
at which broker did you have your shares and how long did they need exactly ( in working days...)to converse your shares??
thanx for reply and glty!!
ok, fwiw, my impression has allways been this company is in business to sell shares.
don't know, just here to moderate and help people sell their restricted stock.
do you know by chance a/s and o/s here?
WOW !! That's a long time ! Ameritrade sent me mine in no time compared to that. The whole process from the day I requested my certs to the day I sold them only took 4-5 weeks tops.
hello striper
this is the news i received from etrade regarding my bpwi shares. i hope that the pps will not be in the tripple zeros in 6 weeks...
Your Restricted Stock Research request was received and is currently in process.
Please note: Restricted Stock Research requests are normally completed within four to six weeks.
We will notify you once your request is complete. At any time, you can check the status of your request in the Online Service Center.
It should say restricted right next to the entry in your portfolio. That is if it is.
hello stripper - thany 4 ur reply. i still don't know if they are restricted or not. etrade told me it could take a week for further investigation, so let's wait & see.
If they are restricted you need to get the legend removed in order to sell them. If they are not restricted your guess is as good as mine why you havn't sold them yet !
hello stripper
i appreciate your dd about this stock. my problem is: i got rich overnight. etrade booked 32000 shares of bpwi in my account. no idea where they are coming from. they are worth between 15 and 32 thousand dollars. is this company a real company? can i sell one day? of course i wrote to etrade, but the answer is still pending. so i ask you know: what the hell is going on with bpwi.
thanx in advace
thx and may the same come upon you.
thank you very much for your help and may some good luck come your way!
First you have to make sure you have enough shares left to make the venture worth your effort. There are fee's involved. You will have to pay the transferr agent $150. That's how much it cost me when I did this procedure. Your broker may also have a fee as well.
First call the transferr agent. His number is in the ibox at the top of the page. He will instruct you on what to do. You also need to have your stock certificate sent to you.
This is what I did. I had ameritrade send me my certificate. Then I sent the certificate, a check for $150 and a letter demanding the legend, restriction be removed from my certificate under rule 144k to the transfer agent. The exact letter I wrote is also in the ibox at the top of the page.
The whole procedure took me about 4 or 5 weeks before I could sell my stock.
striper - I have some shares of BPWI with eTrade. I wrongly assumed that the restriction to sell would be lifted after a year or so. What's the first step I have to actively take to remove the restrictions placed on these shares? Thanks.
Your welcome and may I say the same to you. Though I am a bit surprised to see you on this board !!! lol !
Thanks Striper. Good to see you.
Don't know Creede, I'm just here to make sure the board stays some what sane and to inform anyone who needs help in selling their restricted divvies they recieved when they owned prrm or prmm. I even forget the symbols now lol !!!
Is the a/s here still 20B? TIA
I keep my 6000 shares, me thinks this one will go up significantly some day
3+ dollars this year imo
isn't it better to wait for the forward split which was mentionned in a PR a couple of months ago ?
or was it a dividend ?
This is all you do, write this letter below. Send a check for $150 along with it and include your cert.
Please call the t/a and verify it.
They will in turn send you back the certificate with the legend removed. You send the cert to your broker. After it clears through them you sell it.
Here is the exact copy of the letter I sent to the t/a....
To , Signature Stock Transfer, Inc.
I am demanding the removal of the restriction on my Big Apple Worldwide, Inc. stock (BPWI) under rule 144k.
I would like the unrestricted shares sent back to me at :
your name
your address
city, state, zip code
Thank You for your time and effort,
signed,
your signature and date
Allan,
We who held PRRM in late 2004 were issued this dividend and were issued it at the same time. It became 2 years old in my account in aproximately december 2006 or january 2007.
I believe you are confusing the cert date on that form with something else. It definately has nothing to do with when those certs were given to you.
This is a very simple process to redeem your certificate. Call the transfer agent and he will tell you what to do. I can't make it any simpler than what I put in the ibox. All's you have to do is exactly what I did.
Let me go get the info from the ibox for you.
I guess I'll wait 'til August as per the cert date. I don't see any way of getting around that. One more query: #5 on the list. Is a "stock power signature" the "Signature Guarantee" on the back of the cert? Sorry one more: Had you held yours for over two years? I would have thought this divvy or whatever you want to call it from Sumus would have come to us all with the same cert date at the same time.
Maybe I'll hand it over to Etrade when it's time. They did one once before for me; don't know if you remember MJXC that spun off GDVI? Cleared just under $20,000.00 on that one; subber now.
Thanks again and sorry if I'm being a pest.
No problem.
I sure will. Thanks a lot.
If you got those restricted certs through holding old prrm then they are good to have the legend removed NOW, under rule 144k. Call the transfer agent and get on the ball and make some money.
GET SOME BABY !!!!!
Thanks I had found the info. The date on the cert is 08/04/06 so have to hold them for a while longer.
Sell the dam thing !!! info is in the ibox !!
I was going through my stock slips for tax purposes and came across a cert for 5500 shares of Big Apple that I'd forgotten about. I have no idea where they came from or if they are salable. The cert is dated 08/04/2006. I don't see any restrictions. Hey I'll take the $3575 if I can. Anyone know any more about this? Thanks.
Edit:
I just noticed that my broker sent the cert to me as they don't accept restricted securities. But I don't see any restriction on the cert.
Ooops just noticed on the back that it's a 144 restricted.
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