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Anybody ask them how's that legal?
buddy called TDA fri after they RS the shares. they seem to know about the round up now. guy even said we should have them that day. LOL. yeah right.
CAGTF folks: Roundup Shares
Call your broker and ask to speak to Corporate Actions and then mention these things:
1. China Agro-Technology (CATGF) underwent a 1 for 2000 reverse split on 6/22, and the new shares were finally delivered just a few days ago.
2. After the split, DTC rejected CAGTF and they are no longer DTC eligible.
3. There was a roundup provision attached to the split: All fractional shares to be rounded up to the next whole share, and no shareholder will hold less than 100 post-split shares.
4. Ask them to contact the transfer agent to verify the details of the split and request the roundup shares: Stephanie Campbell at OTC Stock Transfer (801-272-7272).
5. Also remember to ask if there will be any fees associated with selling this stock because the new shares are no longer DTC elgible.
That should be it, good luck!
it's not worth the risk anyway. current bid is .0005.
X 300 is .15
so $15 if your lucky before commissions. Even if your commissions are very small ($5) That's $5 whole dollars after the buy and sell commissions for the long wait. And most likely the bid would be crushed down.
Wow, two in a row now pushing for record holders only. Good thing this one isn't even worth it, trading now at .0005.
The corporate action involves one (1) proposal (the “Proposal”) providing for the following:
To approve a 1-for-300 reverse stock split of the issued and outstanding shares of Common Stock, such that each Three Hundred (300) shares of Common Stock, $0.00001 par value, issued and outstanding immediately prior to the effective date (the “Old Common Stock”) shall be recombined, reclassified and changed into One (1) share of the corporation's Common Stock, $0.00001 par value (the “New Common Stock”), with any fractional interest rounded up to the nearest whole share provided that, no Stockholder of record as of the effective date of the Reverse Split shall have fewer than One Hundred (100) shares of New Common Stock (the “Reverse Stock Split”)
ONLY THE STOCKHOLDERS OF RECORD AT THE CLOSE OF BUSINESS ON JULY 19, 2011 ARE ENTITLED TO NOTICE OF THE PROPOSAL. PRINCIPAL STOCKHOLDERS WHO COLLECTIVELY HOLD IN EXCESS OF FIFTY-FIVE (55%) OF THE COMPANY’S SHARES OF VOTING CAPITAL STOCK ENTITLED TO VOTE ON THE PROPOSAL HAVE VOTED IN FAVOR OF THE PROPOSAL. AS A RESULT, THE PROPOSALS HAVE BEEN APPROVED WITHOUT THE AFFIRMATIVE VOTE OF ANY OTHER STOCKHOLDERS OF THE COMPANY.
(my emphasis)
CAGTF just RS'd in my account, TDA,
Nope, at this point I'll just wait and see if anyone get's round-up shares.
Did you hear anything back today on FLST?
Thanks for the update... I'd be shocked if they changed it at this point. The only hope that I had in all my phone calls was when Jason (the guy that I spoke with most often) said that he thought a roundup provision only for registered shareholders wasn't fair and that wasn't the way they typically do roundups, but he would contact the company about it. After talking to them about it, he told me that the company was sticking by what they had requested, that it be for registered shareholders only.
Adds to the mystery though, let us know what you hear!
I guess you obviously talked to the proper people when you called both the TA and the company (FLST).
Dan from Colonial stock transfer called me back. He said that they were still waiting on info as to what to do with the rounded-up shares (registered vs. street-name shareholders).
He had just called FLST, and they told him they were waiting on their attorney to let them know what the deal was.
So both the TA and the company seem clueless at this point. Frustrating. I assume that you have the correct info, having called several times over 6-8 weeks.
FLST - Only registered shareholders (holders of physical certs) would be eligible for rounded-up shares.
As ottoman stated, this is the case. I spoke with the company directly and the TA several times over the last 6-8 weeks and both of them were very clear that the roundup would be done at the registered shareholder level.
ya, I know, thx
there is a round up, but it was established that only registered shareholders (holders of physical certs) would be eligible for rounded-up shares.
I just talked to TA to re-confirm. I'll wait an hour or so, and call again.
FLST, 1-100 rs, no mention of the round up
12:50 8/3/2011 FLST FuelStream, Inc. Common Stock FLSTD FuelStream, Inc. NEW Common Stock 1-100 R/S **
FLST on daily list today. I just called TA, talked to Dan. He seemed oblivious. Said he would check into it and call me back. Not holding my breath.
CAGTF Update:
Since CAGTF is no longer DTC eligible, DTC is in the process of "Exiting" their position on the stock, which I think means that they are physically mailing the stock certs directly to the brokerage houses. Once the brokerage houses receive the certs, the cusip will change to a "contra" cusip, and they will each interact directly with the transfer agent to get the new shares. After they get the new shares, each brokerage house will then have to contact the transfer agent directly to request the additional roundup shares. Because DTC does not have the roundup provision in their instructions, you will have to call your broker and get them to contact the transfer agent to verify the roundup provision and make the necessary roundup share request.
So at this point we're waiting on DTC to exit their position. After that is done, then we can contact our brokers and get them to talk to the transfer agent about the roundup provision.
Looks like we'll be continuing to share info on this for the next few weeks, but doing so on a broker by broker basis.
Good Luck Everyone =)
DTC screwing a lot of stuff up lately, RS that pre-split holders wait weeks to get split shares. can the SEC get DTC under control?? this is BS, DTC seems to make their own rules and no compromise
Thanks! That SUCKS, but thanks for the info!
JJ
CAGTF update:
The new shares will NOT be DTC eligible. DTC still does not have the roundup provision entered into their system, despite the fact that the Transfer Agent swears that she has already given them this info. Apparently two weeks ago they also submitted a ton of paperwork to be DTC eligible and they were rejected with no explanation at all. TA said that she can't even contact DTC, they won't take her calls so there's nothing she can do. She suggested waiting until the new shares are allocated, and then having the broker check again with DTC to see if they have the roundup provision in their system at that point. It may be a situation where they are taking care of the normal shares first, and then will deal with the roundup provision later.
I wonder how this will be handled by the brokerages, given the trend of charging crazy fees for Non-DTC eligible stocks. It was DTC eligible before the split, but now it's not, so I wonder if they will charge fees to handle the roundup stuff.
DTC sure has made a mess of this...
Haven't seen a single share trade since the split.
JJ
LOL I have NA in my accounts now too. I guess they'll get it done eventually.
JJ
just talked to TDA, they just moved it in my acc. its down listed under NA. they are just waiting for split shares at this point. don't know anything about the round up yet.and no time frame as to when it might happen.
I don't think the stock has traded at all since the split, so I bet that the TA hasn't even issued any of the new shares yet.
Anybody have an update from DTC as of today? I haven't called my broker yet, but I'm sure they are getting tired of checking for me every few days.
hmmm, TDA, gone from my account too, nothing in history saying where it went. I bot 1 so I would expect it to disappear, but buddy bot 2000 - he should still have 1 after rs and its gone too.
The symbol changed back to CAGTF. TDA took it out of the accounts. Still shows in Unrealized Gai/Loss. Wish DTC would get on the stick.
JJ
Believe it or not, as of this morning DTC is still processing the info provided by the TA.
13:17 7/25/2011 CAGTD China Agro-Technology Holdings, Ltd. NEW (Ordinary Shares) Belize CAGTF China Agro-Technology Holdings, Ltd. (Ordinary Shares) Belize **
hasn't even RS'd in my account yet
Probably nothing, but ADAC has a paragraph that caught my eye in their latest pre14c (and prer14c) filing.
"The number of stockholders will remain unchanged as a result of the reverse split. As a result of the 300 to 1 reverse stock split, with special treatment to preserve round lot stockholders, our largest shareholders will own a lesser percentage of the Corporation's voting securities."
It doesn't mention anything about rounding to 100 shares etc, but when the Def14c comes out, I'll give the TA a buzz.
DTC apparently requested more info from the TA last week, and the TA was prepping that paperwork on Thursday afternoon when I called.
As of this morning, DTC either hasn't received that info, or doesn't yet have it in their system.
<twiddling thumbs>
any news about the CAGTD roundup?
you best stop.. My blood pressure rising thinking about that Drage sht.
MXES - I bought in 4 account and got the round up shares. I sold them for 7.50 or almost pure profit as I paid peanuts for them. Then Nathan Drage the lawyer wrote a letter to the TAs and sadi the round up only applied to those on the record date but the EX date was something like NOV 23rd. I bought the day before and was rounded down and back up. I cant remember how long it took me to get shares but it wasnt bad. Anyway about a MONTH later they claimed I wasnt due the shares and claimed I was short and they went and bought the 400 shares back at about same price. I lost maybe $60 in the whole affair but they took back $3,000 in profit
http://www.otcbb.com/asp/dividend.asp?sym_id=MXES&dDate=11/23/2007&sDateType=ex_date
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=11/21/2007
1-1000 R/S; Shareholders with more than 500 shares will not be reversed below 500 shares; Shareholders with less than 500 shares will be eliminated; please refer to SEC Filing DEF 14C filed 10/25/2007 for further details. **
It's a fairly common scheme. Doesn't usually work when enough peeps complain, re: "Beneficial shareholders' rights." Keating comes to mind, and of course, Nathan Drage.
A few traders in the past have squirrelled out some responses from the DTCC, but not many and not often. The problem is structural: DTTC is a private entity funded by the brokers, not subject to open government records requests.
In order to complete a FOIA request for DTCC records, you have to file--with specific info--on the SEC.
A few traders in the past have squirrelled out some responses from the DTCC, but not many and not often. The problem is structural: DTTC is a private entity funded by the brokers, not subject to open government records requests.
In order to complete a FOIA request for DTCC records, you have to file--with specific info--on the SEC.
Good work, and congrats. FINRA's corporate action office does indeed oversee these things.
However, why DTCC ever sticks its nose into actual rulings is beyond me: they're supposedly in place merely to distribute shares where they're supposed to go. In other words, they *should NOT* be making decisions--they should follow orders.
I bought a share a couple of weeks ago in a smaller brokerage, not TDA. The only reason I bought is because I have some free trades that expire soon, so it only cost me a few cents. I might have a shot at it paying off, we'll see. Hopefully we can congratulate each other in a few weeks for getting lucky ;)
TA is not Jason Freeman (I like him too). The only one to mention the record date thing was the guy at the company, and I just ignored it because it wasn't worth getting into a discussion over. Jason never mentioned anything in the documentation about a record date (and I didn't see anything in the DEF about it either), so I never brought it up with him. I'm pretty sure he knows what an x-date is though, he seemed to have a good handle on things.
I hadn't previously noticed the revised DEF, but just read it and it still says July 8th in there, so I'd bet it stays the same. Don't see a revised DEF too often, so it will be interesting to learn what happens to the 20 days in this case. Thanks for bringing up that point.
originally they came out with a def-14c on 6/17, 20 days would be, like, right now for it to happen. then they come with a defr-14c on 6/27. does that reset the 20 days?? so now its not gonna happen till around 7/17??
sounds like you all ready own it, thinking pretty serious about joining ya. what do I got to loose? $30
I don't like their terminology they using. typical company - TA talking that don't know what an xdate is.
"shareholder of record on the record date" hmmmmmmmmmm.
ya mentioned Jason, TA, Jason Freeman?? I've talked to that guy yrs ago, sharp.
Here's my thoughts/info that I gathered on your questions:
> whats a "registered shareholder"??
The company told me that this was a record holder, and the TA also told me the same thing.
> and how many times have ya heard a TA say ya gotta be a shareholder of record on such and such day??
I spoke with the company and mentioned pulling my certs from my broker and the guy (was really nice) said that it was only for record holders as of the record date, but I could leave my name with him and he would call the TA and direct him to make and exception for me. (I did not pull my certs due to the cost and uncertainty of the whole situation)
> now if no one else buys it through TDA, I'll get it.
I would almost certainly bet that TDA already holds an aggregate of 20,000 shares of FLST ($600 worth), but I guess it's worth a shot.
ya know what, I'm kinda talking myself into buying FLST. looks like all ya need is 1 share, thats $10.03 to find out.lol
As a result of the Reverse Split, each shareholder of record as of July 8, 2011, will receive one (1) share of common stock for each one hundred (100) shares of common stock they held prior to the Reverse Split, provided however, that fractions of a share shall be rounded up to the nearest whole share and any registered shareholder who would otherwise hold less than 200 shares following the Reverse Split will be rounded up to 200 shares. Consequently, none of our registered shareholders will hold less than 200 shares following the Reverse Split.
whats a "registered shareholder"??
and how many times have ya heard a TA say ya gotta be a shareholder of record on such and such day??
now if no one else buys it through TDA, I'll get it.
those are understandable. All street-name shareholders are all considered only 1 shareholder (through Cede & co)
Definition of Cede & Co.
"Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock."
So if the company is going private, and needs less than 300 shareholders of record after the reverse split, it doesn't need to cash out streetname shareholders, because they are all just 1 shareholder of record.
Learned that the hard way lol
yup, been through cash outs too that you had to be a cert holder, requested certs and got the cash, and all them beneficial holders are bizatching about not getting it. I tell em, they just don't believe me.lol
Thanks for the explanation JT. I guess it makes sense... if a cashout can be handled at the record holder level, then a roundup provision could also be handled the same way.
So we're back to square one and it looks like FLST won't work out.
ok, lol, here we go. MXES/MXSV said in the def-14c NO CERTIFICATE more than 500 will be reduced below 500 (something to that effect). same deal as FLST. it also said shareholder in a couple places just like FLST.
everyone has been blaming it on Drage, I don't and haven't believed that since it happened.
I know 2 guys, 1 with TDA the other with etrade that bot MXES and requested certs. got the round up and kept it. the guy with etrade bot in 7 accounts, requested certs in 3 accts and got the round up for those 3. the 4 accts that he didn't request certs he got nothing.
I also know 1 guy that got the round up with IB(broker)(fronted shares) sold right away for $3.00($1500) don't remember how long it was but couple weeks later IB doesn't get enough shares and takes em back (1st time IB ever took anything back). this guy was short, had to buy em back, luckily at $1.00.made $1000, pretty good for a round up that he shouldn't have got in the first place.
it was a cert deal, shareholder of record, and if ya had a cert in your name, making you a shareholder of record you got the roundup.
What was the MXES thing that made it illegal? Was it the fact that they tried to set the record date as the date to qualify for the roundup? Or was it that they tried to apply the roundup to record holders instead of beneficial holders?
been through a few of them in the past 11 yrs. shareholder of record - certificate holder. if ya want to participate and ya have time request certs. you will get the roundup. BUT is it cost effective??
tried the same thing years ago, LOL, told em I worked for a broker, didn't work very long. click.
like I said I've never seen a share round up for only shareholders of record before (in my very limited experience). I've seen several reverse-split/cash out transactions with only record holders being cashed out. (which makes sense if the company wants to go private and get below 300 shareholders of record).
we'll just have to wait and see. If it's not allowed by the DTC then a new DEFR14c would have to be filed, spelling out the new wording. And/or the transfer agent will eventually change their tune as far as the conditions of the split.
That has been my experience... I talked to DTC once about 3 or 4 years ago and they abruptly stopped giving me info after they found out I was just a shareholder. I was able to get the lady to call the transfer agent to hammer out the issue though.
I think the only hope at this point is to call the TA and see if they will call DTC to find out what DTC's policy is on enacting a roundup provision at the record holder level.
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This Board is for posting Reverse Split/Round up Share plays...ALL R/S Round Up Share Plays. For instance, when a stock does a Reverse Split (R/S) and NO shareholder will be left with less than X amount of shares, that's what this board is going to post. I've never opened a board before, and just thought this was a good IHUB board to have. Maybe we can make some money in the future. *********************************************************************************************************** CURRENT R/S ROUND UP PLAYS: JDMO/JDMC.....JDMO did a 1:200,000 R/S on 7/13/07. On 9/17/07, JDMC did a 100:1 Forward Split. On 7/13/07 I bought 1 JDMO for .025 leaving me 1 share JDMC post R/S. After the F/S, I now have 100 shares of JDMC. On 10/12/07 the high of the day so far on JDMC is $7.00 per share. WEEEEEEEEEEEEEEEEEEEEEE Here's the JDMC PR that was released today, 10/12/07: Dalian RINO Environmental Engineering Science and Technology Co., Ltd. Completes Merger with Jade Mountain CorporationLast update: 10/12/2007 8:00:00 AMJade Mountain Corporation Completes $25 Million Private Placement DALIAN, China, Oct 12, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- On October 5, 2007, Jade Mountain Corporation (JDMC), a Nevada corporation (the "Company"), acquired all of the issued and outstanding capital stock (the "Innomind Shares") of Innomind Group Limited, a British Virgin Islands corporation ("Innomind") through a share exchange (the "Share Exchange"). Innomind, through its direct and indirect subsidiaries, including Dalian RINO Environmental Engineering Science and Technology Co., Ltd., a PRC company ("RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, exhaust emission desulphurization equipment, in addition to high temperature anti-oxidation systems, which are utilized principally by iron and steel manufacturers in the People's Republic of China ("PRC"). RINO's products are designed to reduce either industrial pollution and/or energy utilization. Simultaneously with the Share Exchange on October 5, 2007, the Company completed a private placement with institutional and accredited investors which resulted in gross proceeds to the Company of approximately $24.4 million through the issuance of approximately 5.46 million shares of common stock. As part of the private placement, management entered into a "make good agreement" and is required to place 5.58 million of their shares into an escrow to secure its obligations to meet specific net income targets. In the event the Company does not achieve $16 million in after tax net income ("ATNI") for 2007 and $28 million in ATNI for 2008, 1.674 million and 3.906 million shares respectively will be transferred on an all or none basis to the investors in the private placement on a pro-rata basis.[\b] China is the world's largest producer and consumer of steel products and its steel industry is comprised of approximately 1100 companies. For 2007, it has been estimated that the PRC will manufacture approximately 450 million tons of crude steel. RINO's proprietary and patented wastewater treatment equipment, called the "Lamella Inclined Tube Settler" wastewater disposal system, is a market leader in China's iron and steel industry. The Lamella Inclined Tube Settler system provides comprehensive treatment of wastewater resulting from the harsh manufacturing processes, and is a closed-loop system which significantly reduces the amount of water consumed during the manufacturing process. In addition, RINO introduced the Circulating Fluidized Bed Method Desulphurization System for eliminating sulphur dioxide emissions specifically in the sintering process of iron and steel operations. RINO's third product is an anti-oxidation system which significantly reduces the scrap produced in steel plate production. A proprietary coating is applied to hot flat rolled steel as part of the process will be sold to customers on an ongoing basis, creating a recurring revenue base. The Lamella system is patented, and patent applications are pending on the anti-oxidation system. Both the desulphurization and anti-oxidation products were developed as a result of RINO's cooperative efforts with the Chinese Academy of Science. "We are pleased to have completed this financing," stated Mr. Dejun Zou (David), CEO and Chairman of RINO. "The proceeds are expected to be utilized for working capital and to expand our production capacity to meet the growing market demand. This will include implementing new operating systems, equipment and technology to improve both our operating efficiency and profitability. In addition, we intend to expand and strengthen our distribution and sales network in China, while continuing to focus on new product development efforts." For the first six months of 2007, ended June 30, 2007, RINO recorded revenues of $28.7 million and net income of $7.3 million, compared to revenue of $4.1 million and net income $1.3 million in the respective year ago period. About RINO RINO is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, exhaust emission desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or energy utilization RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards. Cautionary Statement Regarding Forward Looking Information This press release may contain forward-looking information about the Company, Innomind and RINO. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on October 12, 2007. The shares of common stock issued in connection with the transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, within 45 days of closing. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities referenced herein in any jurisdiction to any person. For more information, please contact: For the Company: Bruce Richardson Tel: +86-411-8766-1233 Email: bruce.richardson@rinogroup.com Investors: HC International, Inc. Tel: +1-858-704-5058 Email: info@hcinternational.netSOURCE Dalian RINO Environmental Engineering Science and Technology Co., Ltd. Copyright (C) 2007 PR Newswire. All rights reserved CONGRATS TO ALL JDMC PLAYERS! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE *************************************************************************************** NTCC Ex Date: 8/20/2007 1-100 R/S Notes: New symbol: NTCI. Holders of 10,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) TQWI Ex Date: 1-1200 R/S Notes: N/C to Diversified Acquisitions, Inc. (DVFA). Holders of 120,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) ____________________________________________________________________________ ################################################################################################################################ WHEN TO BUY 100 SHARES OR 1 SHARE: Here's some examples of when you had to buy 100 shares to end up with 100 shares post R/S: MERH "There will be no change to the authorized shares of common stock of the Company and any fractional shares will be rounded up. No shareholder who currently has 100 or more shares will be reduced below 100 shares." ******************* MPNC/NWMO "N/C to New Motion, Inc. (NWMO). Special Treament of Shareholders; Further details available in SEC filing DEF 14C received on 4/2/2007." http://www.otcbb.com/asp/dividend.asp?sym_id=mpnc "stockholders holding less than 30,000 shares but at least 100 shares as of the Effective Time, and who continue to hold such shares as of the effective date of the Reverse Split ("Eligible Holders"), will receive 100 shares of common stock after the Reverse Split. The Reverse Split will not affect the common stock held by stockholders holding less than 100 shares as of the effective date of the Reverse Split. The result of this special treatment is that additional shares of common stock will be outstanding than if the Reverse Split identically affected all stockholders. No fractional shares will be issued for any fractional share interest created by the Reverse Split and held by a stockholder with more than 100 shares after the Reverse Split; those stockholders will receive a full share of common stock for any fractional share interests created by the Reverse Split." ***************** If you didn't buy 100 of those above, you didn't end up with 100 post R/S. **************************************************************************** The following are some examples of plays you could have just bought 1 share and ended up with 100 shares: DSKT/DSKA "No Shareholder to be reduced below 100 shares; New Symbol: DSKA" http://www.otcbb.com/asp/dividend.asp?sym_id=dskt NTCC/NTCI New symbol: NTCI. Holders of 10,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) UTNF United National Film Corporation Common Stock UNTF United National Film Corporation New Common Stock 1-2,000 R/S; No shareholder being reversed to less than 100 shares. ** ************ Pretty easy to look at the language to tell whether you need to buy more than 1 share to end up with 100 (or whatever the round-up number is) post split. ################################################################################################################################ ################################################################################################################################ SWNE did a 1:500 R/S, effective Monday, with NO Shareholder to be Reversed under 500 shares. If you bought 1 share today, you should own the same amount (500 shares) Post R/S as someone that owned 250,000 shares. [b]SWNE BECAME MCII MCII ROUND-UP SHARES HIT TDA USA ACCOUNTS ON 7/9/07. I've actually played a couple dozen of these, and they have ALL been money makers thus far. They are Nominal investment plays, so even if one goes bad, you can't lose more than a little beer money. Look forward to having a dozen or so of these plays a year. This is NOT a board that will get tremendous exposure during the year, but one to check for the plays in the afternoon after the OTCBB Daily List comes out to see if there are any plays that day. There will only be one chance to get in for most of them, unless the company posts in a DEF 14 that this is what they intend to do in the future, which will give us a heads up that it's coming. Anyway, I'll work on it in the coming days. GL TRADING! Remember, Trade'em, Don't Marry'em. JJ PS...MAY RENAME THIS BOARD TO R/S ROUNDUP PLAYS & CASH BUYOUTS! ************************************************************** HERE'S SOME EXAMPLES OF SOME PRIOR ROUND UP AND/OR POST R/S PLAYS THAT GIVE THE SHAREHOLDERS A CERTAIN AMOUNT OF SHARES AFTER THE R/S HAS OCCURRED: ____________________________________________________________________________ 14:03 12/28/2006 UTNF United National Film Corporation Common Stock UNTF United National Film Corporation New Common Stock 1-2,000 R/S; No shareholder being reversed to less than 100 shares. ** (I bought 1 share of UTNF in 3 separate accounts for .24 to .30 each share and Post-R/S I still ended up with 100 shares in each account of UNTF and sold for $1.50 per share. Less than $1.00 worth of shares sold for $450.00) UTNF had a DEF 14C which stated: "To reverse split the currently issued and outstanding common stock (the "Common Stock") of the Company on a 2000 shares for 1 share basis, with no stockholder being reversed to less than a round lot of 100 shares with fractional shares rounded up to the nearest whole share." ____________________________________________________________________________ 15:55 3/26/2007 DSKT Duska Therapeutics, Inc. Common Stock DSKA Duska Therapeutics, Inc. New Common Stock 1-20 R/S; No Shareholder to be reduced below 100 shares ** ____________________________________________________________________________ 13:58 5/3/2007 MPNC MPLC, Inc. Common Stock NWMO New Motion, Inc. Common Stock 1-300 R/S; Special Treament of Shareholders; Further details available in SEC filing DEF 14C received on 4/2/2007. ** SPECIAL TREATMENT OF STOCKHOLDERS HOLDING FEWER THAN 30,000 (BUT AT LEAST 100) COMMON SHARES AND FRACTIONAL SHARE TREATMENT The Company's board of directors approved special treatment of stockholders as of the Effective Time (as defined in the Certificate of Amendment to Amended and Restated Certificate of Incorporation attached hereto as Exhibit A) holding fewer than 30,000 shares of common stock to prevent those stockholders from holding less than 100 shares after the Reverse Split. The special treatment is being afforded to preserve round lot stockholders (i.e., holders owning at least 100 shares). Accordingly, stockholders holding less than 30,000 shares but at least 100 shares as of the Effective Time, and who continue to hold such shares as of the effective date of the Reverse Split ("Eligible Holders"), will receive 100 shares of common stock after the Reverse Split. The Reverse Split will not affect the common stock held by stockholders holding less than 100 shares as of the effective date of the Reverse Split. The result of this special treatment is that additional shares of common stock will be outstanding than if the Reverse Split identically affected all stockholders. No fractional shares will be issued for any fractional share interest created by the Reverse Split and held by a stockholder with more than 100 shares after the Reverse Split; those stockholders will receive a full share of common stock for any fractional share interests created by the Reverse Split. ____________________________________________________________________________ ******************************************************************
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