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I'm going to guess that the correct number of outstanding shares shares is probably around 62,000,000 or so, if you accept their figure of 53.3MM being 87 % of the outrstanding shares.
Is the HMWM rs the one with the screwed up dates in which shares bought before a certain date were not to be split?
From EFTB's last PR:
EFT BioTech Holdings, Inc. Announces New Developments
Tuesday November 20, 11:57 am ET
Share Exchange, New Ticker Symbol and Management Team, and 2007 FYE Forecasts
CITY OF INDUSTRY, CA--(MARKET WIRE)--Nov 20, 2007 -- EFT BioTech Holdings, Inc. (formerly HumWare Media Corp.) (Other OTC:EFTB.PK - News) today announced the following:
-- On November 18, 2007, the Company consummated its previously announced
share exchange with EFT BioTech, Inc., a Nevada corporation engaged in
Business-to-Consumer (B2C) internet merchandising. Pursuant to the share
exchange, the Company acquired 100% of the issued and outstanding shares of
common stock of EFT BioTech, Inc. in consideration for 53,300,000 shares of
the Company's common stock, representing approximately 87.01% of the issued
and outstanding shares of the Company's capital stock on a fully diluted
basis. EFT BioTech, Inc. is now a wholly owned subsidiary of the Company.
-- That the ticker symbol for the Company's common stock on the OTC Pink
Sheets will change from HMWM.PK to EFTB.PK, commencing the beginning of
trading on Tuesday, November 20, 2007. The change is in connection with the
Company's name change from HumWare Media Corp. on November 7, 2007 in
contemplation of the share exchange with EFT BioTech, Inc. described above;
and
-- On November 18, 2007, the Company's Board of Directors appointed the
following persons to be the new executive officers of the Company,
effective immediately:
Person: Position:
Jack Jie Qin President
Tony Kwok-Man So Chief Operating Officer and Treasurer
Dr. Joseph B. Williams Secretary
Outlook for the Fiscal Year Ending December 31, 2007
The Company is also reporting its forecasts for the fiscal year ending December 31, 2007 based on its results for the fiscal year ended December 31, 2006 per the table below:
For the Fiscal year Ended December 31,
--------------------------------------
2006(a) 2007(b)
(Unaudited) (Projected)
------------------------ -----------------------
% of % of
($) Revenue ($) Revenue
Revenue
Sales $ 44,300,000 100% $ 88,000,000 100%
Costs of Goods Sold
Commissions (27,466,000) 62% (54,560,000) 62%
Product Costs (4,669,220) 17% (9,275,200) 17%
------------- -------------
Total Cost of Sales (32,135,220) 73% (63,835,200) 73%
Gross Profit 12,164,780 27% 24,164,800 27%
General and
Administrative
Expenses (G&A) 1,772,000 4% 3,520,000 4%
Other Income from
Operations 886,000 2% 1,760,000 2%
Net Income 11,278,780 25% 22,404,800 25%
------------- -------------
(a) Source: Unaudited financial statements for the fiscal year ended
December 31, 2006.
(b) Projected.
About EFT BioTech, Inc.
EFT BioTech, Inc. is a very unique E-Business Company designed around the concept of Business-to-Customer using the World Wide Web as our "storefront" and business platform. EFT's method of conducting business is for a customer to go online and join EFT as an Affiliate. Once the customer completes the necessary information for joining EFT, selects and pays for his/her order, he/she is then considered as an EFT Affiliate. From that time on, the Affiliate is allowed to receive a commission on the purchases made by others who he/she introduces to EFT and also on additional Affiliates who his/her Affiliate introduces to the EFT. EFT's website is www.ef2t.com.
From the HMWM pr about the reverse split:
The Company also announced that it will effect a 20,000 to one (20,000:1) reverse stock split of the Company's common stock on November 12, 2007 for the holders of record of the Company's common stock as of the close of business on October 27, 2007. As of the record date, there were 2,337,999,585 issued and outstanding shares of common stock of the Company. After giving effect to the reverse stock split that number will be reduced to approximately 118,662 issued and outstanding shares of common stock of the Company, rounding up for fractional shares.
From Pink Sheets:
Estimated Market Cap 187,446,114 as of Dec 10, 2007
Outstanding Shares 61,256,900 as of Nov 20, 2007
Authorized Shares 4,975,000,000 as of Nov 20, 2007
Float 7,720,133 as of Nov 20, 2007
yeah, I saw that. hmmm... another piece of the puzzle
BKRT on the inside bid and ask is Buckman, Buckman, and Reid in New Jersey. Anybody know anything about them?
Very different indeed. The way I understand it, r/s's are often done in reverse mergers to get the share count down to a reasonable number, sometimes in order to boost the price enough so that the newly-public company can apply to the AMEX or NASDAQ for trading. That could be happening here. Another possible scenario would have them forward-splitting the stock to bring it down to the price range where OTCBB and Pinkies usually trade. In both scenarios I'm just guessing.
Damn, the ask just went to 3.25! It's all good!
There we go, that's better - 1580 and 15000 share buys @ 3.17.
A measly 1136 share buy @ 3.17. Come on! Minimum size here is at least 10K shares! LOL
Yeah, from 1.02 to 1.51 to 1.60 before someone sold 500. Evidently, someone wants some shares and is willing to raise the bid to get them. hmmmm....
We shall see...I'm not convinced that the selling is over.
EFTB - WAY different.
You definitely could be right about this. Whatever the case, the selling continues as we speak.
Likely confirmation that the selling was coming from the former owners. Let's hope they're done or will be done soon.
WHAAAAAAAAAAAAAAAAAAAAAAATTT!!!
Yeah, I bailed out of most of my original hmwm at a small loss, but kept a little just in case. Now if I break even I'll be happy! And frankly, the way this thing is trading it could happen down the road. Even if I don't break even, I want to know why some folks are sinking such big bread into this one. $300,000? $150,000? WHAAAAAAAAAAAAAAAAAAAAAAAAATTTTT!
yep. Go EFTB!
EFTB big buys - very encouraging indeed.
Yes, I believe that you're right about this. In David Feldman's book on reverse mergers he says that he advises clients who are not yet public to have their chosen MM file the 211 with NASD while the SB-2 or 10-SB is being filed with the SEC. This concurrent filing can cut down on the delay in actually trading on the OTCBB. Since SLON is already a public company, I'll bet that the process goes much more quickly.
I like your rabbit/carrot sig - that's exactly what the MMs do with SLON when the volume is low and some buying comes in. They partial-fill and then raise the price. Bastages! Let's hope the volume that comes in once SLON is really ON the OTCBB overwhelms their efforts to walk the price back down! Go SLON! Go Steve!
I'm not sure what EFTB's story is, but I'm holding on to the few I have left with the goal of breaking even on my loss from the hmwm r/s.
EFTB - yesterday there was a 100k share buy at 2.98. Evidently, someone is optimistic.
I agree with NYPDBLUE. I encourage you to stay with the board - you are a valued member! There are always jerks on these boards who say rude things. Don't let ff's rudeness push you away.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported December 6, 2007)
Sea Containers Ltd.
(Exact name of registrant as specified in its charter)
Bermuda
1-7560
98-0038412
(State or other
(Commission
(I.R.S. Employer
jurisdiction of
File Number)
Identification No.)
incorporation)
22 Victoria Street, Hamilton HM 12, Bermuda
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code 441-295-2244
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240 .14d-2 (b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
ITEM 8.01 Other Events.
On December 6, 2007, the Company issued a press release announcing its winning the GE Seaco arbitration case. The press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release Issued December 6, 2007.
2
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SEA CONTAINERS LTD.
By:
/s/ Robert Mackenzie
Name:
Robert Mackenzie
Title:
President and Chief
Executive Officer
Date: December 10, 2007
3
--------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press Release Issued December 6, 2007.
4
--------------------------------------------------------------------------------
Exhibit 99.1
sea containers ltd
news release
SEA CONTAINERS WINS GE SEACO ARBITRATION CASE
GE CAPITAL HAD ASSERTED A CHANGE OF CONTROL AT SEA CONTAINERS
Hamilton, Bermuda, 6th December, 2007. Sea Containers Ltd, which owns half of the common equity in GE SeaCo SRL, one of the world’s largest container leasing companies has won the arbitration case brought against it by GE Capital, the co-owner of GE SeaCo.
In September last year, GE Capital of Stamford, Connecticut, contended that when Mr James Sherwood, the company’s founder, stood down from his duties as Chairman of the Board of Directors of Sea Containers in March 2006, there had been a change of control at Sea Containers that allowed GE to buy out Sea Containers’ interests in GE SeaCo.
Sea Containers welcomes the decision by the Arbitrator of the Commercial Arbitration Tribunal in the International Institute for Conflict Prevention and Resolution. The Arbitrator found that, for numerous reasons, when Mr Sherwood stepped down from his position at Sea Containers, there was no change of control that might have triggered any right of GE Capital to purchase Sea Containers’ interest in GE SeaCo.
The favourable arbitration ruling is a major step forward in Sea Containers’ efforts to advance its financial reorganization. Sea Containers looks forward to working with GE Capital to maximise the value of GE SeaCo.
ENDS
For further information:
Adrian Flook, M:Communications
+44 (0)20 7153 1588 / +44 (0)7768 608396
flook@mcomgroup.com
Sea Containers Ltd., 22 Victoria Street, P.O. Box HM 1179, Hamilton HMEX, Bermuda
YOW! Somebodies REALLY know something. Go EFTB!
EFTB's pps has been steadily rising since 11/26. This 100k share buy is the biggest one I've seen yet. LOTS of money has flowed into this stock since the r/s. I, too, am wondering what's happening, but I'm pretty sure that whatever it is, it's good.
WEST HOLLYWOOD, Calif., Dec 10, 2007 (BUSINESS WIRE) -- Salon City, Inc.
(OTC:SLON) announced today that its Form 10-SB/A has cleared the Securities and
Exchange Commission's process of review and comments, making it possible for the
company to begin trading on the Over The Counter Bulletin Board.
Salon City, Inc. president and CEO, Steven Casciola, proudly stated, "This is a
watershed moment in our short time as a public company. I'm confident that
trading on the OTCBB will benefit our many loyal shareholders by giving them
increased liquidity, and will provide Salon City, Inc. with increased
credibility and access to capital markets. Further, the increased exposure that
SCI will experience by trading on the OTCBB will broaden the Company's
opportunities to expand its investor base and allow more shareholders to
participate in the company's bright future. "
The OTCBB currently provides access to, on average, more than 3,617 securities
and has approximately 211 participating daily market makers. The company must
make application for listing on the OTCBB through a registered FINRA market
maker. This application is made on a disclosure docume nt commonly referred to as
a Form 211.
Salon City will announce shortly the filing of a 211 application to begin
immediate trading on the OTCBB exchange. The SEC approval brings the company one
step closer to its goal of advancing to a national exchange.
ABOUT SALON CITY, INC.
Salon City, Inc., the leading media company for beauty entertainment and the
first to brand the genre, publishes Salon City magazine, where Life is
Beautiful(SM). It is distributed nationally by Time Warner Retail, a Time Warner
Company (NYSE:TWX), and internationally by Kable Distribution Services, an AmRep
company (NYSE:AXR), in 31 countries around the world.
Visit www.saloncity.com or email SLON's Investor Relations Department at
info@saloncity.com. Join the weekly conference call Thursdays at 4pm EST
(605/725-1900, Code:010405).
Certain information contained in these materials is "forward-looking"
information, such as projections, est imates, pro formas, or statements of
intentions, expectations or plans. All forward-looking information is subject to
known and unknown risks and uncertainties, many of which are outside of the
control of the Company. Consequently, actual results may, and probably will,
differ materially from the results contemplated in such forward-looking
information.
SOURCE: Salon City, Inc.
CONTACT: Salon City, Inc.Steven G. Casciola, President and CEO, 310-402-2819orRenee Simone, Media Communications, 310-734-4320
Copyright Business Wire 2007
bid and ask continue to creep up - 2.95 x 2.98. 1.02% ain't huge, but it's better than goin' on down.
EDIT: somebody just bought 5K shares @ 2.98!
EDIT: and another 2.5K shares @ 2.98
Got it. Thanks.
Where did the 1.6B figure come from? I looked in the 8K, but didn't find it. Maybe I'm not looking in the right place.
One can only hope!
nothing would suprise me, except maybe a stock buyback of all the shares they sold this week.
I hear you, but pigs do sometimes fly - witness BHUB, CBAY, EWDI. It could happen to TDWV sometime way, way down the road. So I'll wait for that possibility or use TDWV as a tax-loss write-off in the future. I've got a few of those littering my accounts.
Next!
Unfortunately, yes.
Tidalwave Holdings, Inc. Announces Management Appointment and Additional Information
Dec 7, 2007 12:13:00 PM
TALLAHASSEE, FL -- (MARKET WIRE) -- 12/07/07 -- Tidalwave Holdings, Inc. (PINKSHEETS: TDWV), a publicly held holding company, today announced that effective immediately, the company has appointed John H. Beebe as its Interim President and Director.
Mr. Beebe, in his capacity as Interim President, will help in the company's search for qualified board members and executive management to oversee the day-to-day operations of Tidalwave Holdings. Mr. Beebe may elect to remain on the board of directors subsequent to the selection of a new management team.
Recently, Tidalwave Holdings announced a proposed 5-for-1 forward stock split. It is anticipated that as a result of the stock split and equity financings, the common outstanding shares and publicly 'floating' shares of the company will increase. However, the company also believes that the potential asset, revenue, and income potential created from financing activities should provide long-term value to common shareholders.
The company will provide further updates on the status of future management appointments and acquisitions as they become available.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
Contact:
Tidalwave Holdings Investor Relations
(888) 620-6815
ir@tidalwaveholdings.com
UBSS leapfrogged NITE to .026 on the bid
will do.
bid is creeping up.
I think that Meuse sold the shell to Beebe. I've never heard of Meuse diluting like this. If anyone knows about Meuse diluting in the past, please let us know.