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Those previously in at '.0002' will be today’s 3-4 bagger profit takers. But the stock will still rise as those who didn’t get in following yesterday's PR that posted at about 15Min till market close, will likely be today's buyers or flippers.
After the BUM-RUSH of profit takers at open, SPNG will dip, then later tick closer to .30/pps or more.
LOL! There's a BASH for every UP-TICK! But as for yesterday, I've seen this stock turn like wildfire!
I've seen columns of shorts become columns of Short-Coverages as the MM's attempt to fight against this stock's massive buying power throughout yesterday.
LOL!
I mean, these MM's tried their Dambest to tank this stock yesterday.
I could actually see them in action!
it was amazing to watch!
They'd buy a boat-load of shorts, then there's a dip down a few ticks, then there follows a boat-load of buys from common investors -LOL!
Next thing you know, there's this massive list of buys to cover all the previous shorts and the stock soars up several ticks -LOL!
Then the MM's, as if to assume there will now a pull back from this new high, goes for another boat-load of shorts on the stock.
Then there's a mild dip followed by a group of massive buys from common investors.
and once again, there follows a massive list of buys to cover previous shorts and the PPS soars to even newer highs -LOL!
But the MM's seems to be "Hard-headed", they just keep on trying to short this stock, only to find themselves buying to cover it moments later -LOL!
I mean, these MM's are helping to drive up the stock they're busy trying to short from all Shares they keep buying to cover their shorts! -ROFLMAO!
It was like reading a comic book –LOL!
I guess that's their lot in life!
ROFLMAO!
we'll see what pressures they'll be under on today's trades.
Wink-Wink!
>6^}
Ex 'Squeeze' me, if I might modify a line from Star Wars?
MM’s? “you don’t want to tank this stock”
“THIS, is not the STOCK you’re looking for”
“There are other’s you’ll have better lock with”
“The buying FORCE IS STRONG here”
“Now, MOVE ALONE”
>B^}
ROFLMAO!
What the hell? Someone became a millionaire on this stock?
Recently?
DAMN!
That’s one hell of a stimulus package.
And SPNG is nowhere near how high they’ll be later on.
Trading in the .20’s is peanuts to what’s to come.
MY BRAIN HURTS! I'm Totally Confused here!!
The following is the latest update from TFZI's Home Page;
Found at http://www.goldrecyclecorp.com/dare.html
Now I must ask, if TFZI pay's 5 damn times the mount paid out by their competitors and also sends payout checks faster to their clients/customers than their competitors do, then why in the hell is TFZI’s stocks trading lower than their comparatively lesser performing competitors?
If TFZI is that good in their services, this stock should be well above triple zeros by now.
I mean, TFZI has a hell of a package in their services.
Had I any gold and/or other valuables of this nature to sell, they’d be the first on my list, being that they’d likely pay me more than anywhere else I’d go.
By right, they should be attracting seemingly all the customers from their competitors and therefore driving TFZI from out of the PINKS onto the BIG BOY'S BOARDS.
Fortune 500 for all we know.
Am I missing something here?
A Glitch? how the hell can there be a GLITCH. That's an interesting GLITCH.
I think there's something else at play here.
I mean, if the market allows for a '.0005' Glitch, it can just as well allow for a '.005' glitch, or yet even a '.5' Glitch.
(imagine a $5 to $5,000,000/PPS Glitch!).
I'm not buying the "GLITCH" claim, although you may very well be correct.
Unless one of my antennas has a crimp in it, I getting a different sense in the air of something else going on here...
We'll soon see.
But then again, we're in the land of the PINKS.
(Just keep'n it real here.)
But what do I know...
>6^}
WHAT THE HEY'ELL HAPPENED? we hit .0005 today?
I mean, with GOLD on the rise, should I expect this and more?
or was that just a teaser of what's yet to come.
Wink-Wink!
WOW! looking at the trades over the last few days, I can see there were PIG loads of shares being gobbled up.
Is there something I'm missing?
Never seen so many '0002's' get bought like this..
Someone knows something pending down the pike?
OK BACK FROM VACATION! WHAT DID I MISS!?!?
GOLD UP over night! Not that it matters "HERE"
-Wink Wink!
But if this company is into gold, it's even hotter NOW than when they 1st started.
So why do we still have no BID?
I say we get a BID by the end of the month into early july.
The "INSIDE" doesn't dictate a class actions Lawsuit against itself.
>6^}
But, unless I'm suffering from perception impairments, 'Shearson Financial Network' wants to return.
However, in doing so they'll need to FIX the things they broke.
Actually, they'd have been in a much worse situation had they begin trading under the new symbol, only to then face the claims made against them, for which now follows the pursuit for a class actions lawsuit against them.
That would've stunk. LOL!
No offense but, how do we know you're not working on the "Inside" and this is a scheme to know "WHO" are the potential participants in the Class Action Lawsuit against 'Shearson Financial Network'.
-Wink-Wink!
(Hey, I gotta think on all sides)
-And if the lawsuit occurs, what are the likely means of settlement(s) for those injured?
>6^}
Guess this still have value and rising LOL!!
Where?
This company will succeed by THEIR OWN TERMS, not ours.
I wouldn't bother getting into a pissing match with this company (or any company) I'd simply sell out by shares and leave.
Unless I think there's pending progress with this company.
(Why would I hang around and allow pointless stresses to snip years off my life.
I knew the risks and gambled accordingly.
If I didn’t include the known risks, then perhaps I should reconsider gambling.
But if the stock played an unfair game, (i.e., -LIED), then that's a different argument and warrants a battle of the worst kind.
But this stock has not done any wrong as far as I can see.
They played within the known unregulated rules of the PINKS.
Unless they're operating fraudulently, (which I've so far, not seen), I have no arguments with their movements and or operations or their timelines.
There are many companies (All over the world) that are currently doing what they can to survive the KNOWN economical struggles.
This is in MY opinions.
>6^}
HRNF: NEWS update.
Heathrow Natural Food & Beverage, Inc. Updates Sales Projections for 2009, Expecting to Ship 4.7 Million Units
9:01 AM ET 6/4/09 | Market Wire
Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) would like to update sales projections for its super food brand ACAI Plus for 2009. With added distribution and soon to be announced distribution agreements in Europe & Australia, unit sales for 2009 are expected to reach 4.7 million units. ACAI Plus is the only functional gum of its kind in the marketplace and will provide the wellness industry and the consumer with a very effective alternative to nutritional beverages and supplements which are currently available.
"Demand from distributors for our functional gum, ACAI Plus, has been overwhelming. The health conscious consumer has not had a choice in the past like ACAI Plus Chewing Gum, which delivers up to 17,000 ORAC of anti-oxidants in such a simple and effective delivery system," said Michael Pagnano, CEO, Heathrow Natural Food & Beverage, Inc. ACAI Plus will be the only product on the market which will address the needs of the health minded consumer seeking a low cost and easy to use method of ingesting very high levels of anti-oxidants anywhere, anytime.
About Heathrow Natural Food & Beverage, Inc.: www.heathrownfb.com - www.incredibledrink.com
Heathrow Natural Food & Beverage, Inc. (HNFB) is a national distributor of the botanical Super Food beverage, Exfuze Seven + and Exfuze Seven + Pro as well as the Heathrow Super Food Brand which includes, ACAI Plus Chewing Gum, Super Food Bar and Super Food Snack Chips. HNFB is part of the $100 Billion Dollar Wellness Industry, which is growing at 10% per year. The nutritional beverage and functional supplement segment is the largest sector of the market at 27% of sales. HNFB provides healthy and natural choices for the growing segment of the population seeking a healthy and active lifestyle.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Heathrow Natural Food & Beverage, Inc.
1-866-754-1115
IR/PR/Events
Wyndam Group
1-954-513-7911
SOURCE: Heathrow Natural Food & Beverage, Inc.
OFFERING MY APOLOGY! FOR POST #7551.
I DID SEE SMWF SHOWING UP IN MY PORTFOLIO WITHOUT THE 'E'
BUT AS WE CAN ALL SEE, IT'S STILL THERE.
WELL AT LEASE MY PORTFOLIO STILL SHOWS IT.
SORRY ABOUT THAT.
Happy Trading..
LOL! actually, the only thing Obama did differently, was ACT on it.
We're always supposed to be socialists.
I mean, why bother colonizing the Moon/Mars if people can't get alone on EARTH first.
OOPS,,, off topic..
lemme git back on topic.
ROOF! ROOF! Grrrrrrowl -GUARD DOG!!
-Inc.
>6^}
WOW!!! we're all still here????
Oh well, good luck to everyone here and to those who're not here yet.
No harm what so ever is wished upon anyone!!
So what's the update on this stock.
Should I SHELL, MOLD or DIE.
I MEAN SELL 'HOLD' or BUY!!
(damn typos)
lol
I've not been around here lately, need to know what's the latest update.
Surly at least "one" of you HGLC VETS been keeping up.
so,
whacha got so far?
So when are we going to $1?, I mean, what better way to help the economy recover than to raise the PPS here,
which would create jobs,
Which creates consumer spending,
which create more jobs,
which create more consumer spending,
which create even more jobs,
which create even more consumer spending,
which....
which.....
which....
(Which is making me feeling sort of, Inundated)
>6^{|}
Very Interesting here. Will SHSNQ return?
I wonder this because usually, when a stock is delisted, iHUB also delist that stock from its forums.
The only time an unlisted stock is not removed is cause its due to become reinstated.
Although SHSNQ is currently not trading (Not Listed), I questions whether that is permanent.
Else iHUB would have long since removed this forum.
I think something's up with SHSNQ.
(Researching pending)
in the mean time, if anyone else have related info, I'm interested to know what's your findings.
NEWS!! and SMWF W/O 'E'
(Although OTCBB still showing SMWFE by my Brokerage account now showing 'SMWF')
**********************************************************************
Not for the NEWS!!
*
*
Seamless Sales eCommerce Is Now ActiveFont
8:31 AM ET 6/3/09 | Market Wire
Seamless Corporation (OTCBB: SMWFE) subsidiary, Seamless Sales site has successfully completed sales transactions and has had over 16,000 "unique" visitors and over 700 accounts opened.
Seamless Sales is also holding another drawing with a first place prize of $300, a second place of $150, a third place of $100 and nine fourth place winners of $50 each. The drawing will be held on June 5 at 12 pm for all signups that created an account at its eCommerce website before midnight, June 4, 2009. The winners will be notified on Friday, June 5, 2009, to create an account you should go to www.seamlesssale.com to register.
"With the Seamless Sales website launch completed and signups growing every day our next goal is to complete our 10 Q which is currently being reviewed by the accountants for filing. Once filed, we will increase our website awareness with a large website marketing campaign," stated Al Reda, CEO of Seamless Corp.
About Seamless Corporation
Seamless Corporation (www.seamlesscorp.com) is quoted on the OTCBB: SMWF. Seamless develops and markets hardware and software products manufactured by Seamless and others and sells those products through its subsidiary: Seamless Sales LLC (www.seamlesssale.com).
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact:
Seamless Corporation
Investor Relations
1-(866)-284-2835
info@e-mediadirect.com
NEW!! NEW! WE HAVE NEW!!
oh,, I see you all already knew this.
heh..
>6^}
More BOUNCE to the OUNCE. Today’s chart was wild!
Sorry, but, I gotta busta a GMGMQ Rap!
Boom BAM! KaBoom-boom BAM!
Motha Flippers be Flipp’n
Like the just don’t care
Be flipp’n this motha
Cause they gonna get their’s
They said the stock
Aint gonna worth a penny
But wit so much buys
Some-body expect’n plenty
They say if you aint sold out
By the end of today
Motha-Flipers gone be flipp’n
Yo SH-ares away.
I understand this stock
is gone be DELISTED
With all the fun I had
I’m really gone MISS-it
I bought some shares
Think’n it’s gonna Rise
Been hearing bout “BK”
But thought it was Lies.
How I sit wit share values
Sitt’n in da TANK
Pass the “XXXXX” whisky
Time for a DRANK
Although Buy&Hold may be a good play on some stocks, in today's tough economy, your Hold is someone's Flip.
When money was plentiful and "many were employed", investments were somewhat predictable using charts and what all.
In the current market, there's a new variable to include among the charts, called;
"No job -No income -Sell my position to pay immediate living expenses"
So don’t expect too many Buying and Holding on almost any stock at this time.
Practically everyone is a flipper.
Pinks know this and for those who don’t, they learn rather quickly.
PPS controls may need to happen, in order for the companies to maintain enough investment capital "seed money" for their growth.
Otherwise, Flippers may flip it all away.
HGLG will do well, but by their OWN TERMS, not ours.
WOW! hell of a lot of buying going on for a stock Destin for BK today.
What’s going on!!!
ya figure we'd be at .001 by now..
Did they change their minds?
Thought GM would be $3+ on Monday.. was I wrong?
>B^{|}
Wink-Wink!
Current Shareholders gets nothing? -Show where it says, in "PRINT" that they get nothing, or shares would be worthless next Monday, ON and/or AFTER.
-Speculations, hearsay, assumptions, gut instincts, doesn’t count.
Lol!
>6^}
IN PRINT!
From GM themselves.
(Provide Link!)
>B^}
not Blogs, not Spams or Cur&Pastes from other forums.
HRNF: News Update: Heathrow Natural Food & Beverage, Inc. Completes New Distribution Agreements for Its ACAI Plus Chewing Gum
4:00 PM ET 5/29/09 | Market Wire
Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce it has completed two new distribution agreements for its Super Food brand ACAI Plus Chewing Gum. The first distribution agreement will cover five states, which include California, Nevada, Arizona, Oregon and Washington State. The second agreement covers the southeast, which includes North Carolina, South Carolina, Georgia and Florida. This is in addition to the distribution agreement already in place for the Northeast United States. The agreements call for ACAI Plus to be distributed in drug chains, convenience stores, gas stations and supermarkets. Distribution will begin in August 2009 and HNFB expects to ship over 1.4 million units in the United States and 500,000 units in the UK & Ireland in 2009.
"Our distribution channels are coming along very nicely and include the most populated sectors of the country. As ACAI Plus popularity grows, our distribution will become national by the first quarter of 2010. It is very critical that we ramp up production and distribution on a gradual scale, so we can meet our commitments for demand and maintain quality control over the entire manufacturing and distribution process," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. ACAI Plus will be the only product on the market which will address the needs of the health minded consumer seeking a low cost and easy to use method of ingesting very high levels of anti-oxidants anywhere, anytime.
About Heathrow Natural Food & Beverage, Inc.: www.heathrownfb.com - www.incredibledrink.com
Heathrow Natural Food & Beverage, Inc. (HNFB) is a national distributor of the botanical Super Food beverage, Exfuze Seven + and Exfuze Seven + Pro as well as the Heathrow Super Food Brand which includes ACAI Plus Chewing Gum, Super Food Bar and Super Food Snack Chips. HNFB is part of the $100 Billion Wellness Industry, which is growing at 10% per year. The nutritional beverage and functional supplement segment is the largest sector of the market at 27% of sales. HNFB provides healthy and natural choices for the growing segment of the population seeking a healthy and active lifestyle.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Heathrow Natural Food & Beverage, Inc.
1-866-754-1115
IR/PR/Events
Wyndam Group
1-954-513-7911
SOURCE: Heathrow Natural Food & Beverage, Inc.
Interesting that purchases are occurring even after market hours
Oh well, so much for BK Panic Sellings LOL!
LOL! "Probably?", "Speculations?" -Again, NONE of those links are set in stone.
The only shareholders who'd likely have issues (if any) are flippers.
If this stock doesn't trade for 6-18 months, shares will be held for that period.
After 6-18 months, they'll be "Released" at the going rate.
The so-called "NEW" GM will do well with their NEWER model of state of the art cars, likely GREEN.
It's PPS will trades $10-$20/PPs or more.
Sometime down the road, many will reflect back and wish they've locked in at today's PPS rates.
(happens all the time.)
BTW, there's still loads of buying going on.
So much that it's resisting the massive panic-sells.
If what you've implies is true, shouldn't we already be trading at .001 by now?
I mean, there were enough dumps for that to have happened.
Apparently, there are countless investors that are obviously betting for the better, rather than the worse.
And that speaks "Volumes"
>6^}
Happy Trading!
'uhlmant'?, Of current GM: shareholders, those links say nothing regarding total loss of shares held.
GM is NOT going out of business, they're being "Reorganized" via the Bankruptcy's Chapter 11 plan.
However, what I am getting from forums regarding this, is Panic Ranting..
Posters who are steering this stock into something of their own worst fears.
What I DO see/saw are the GM's 8-K filings with the SEC, as at 05/28/2009. After reading it, I've not seen any references to losses of investments there either.
Bloomberg-Blogs, Basically Blabs Blatant Blasphemy, Boldly.
SHSNQ was also one of Bloomberg’s exploding “STOCKS TO WATCH”.
Now that stock is unlisted.
ROFLMAO!
>B^}
So there goes trusting Bloomberg, who then denied their claims when placing the blame on the company who PAID them for the AD.
I’d rather follow GM’s lead by the legal documents they’re “Currently” bind to, rather than 3rd parties (Bloomberg Blogs), who’s only bind to getting paid for “AD” service rendered.
We'll see by next week!
And I've also noticed that there's still a lot of buying going on.
The buys are so strong, that the massive Panic-Dumpings are getting resistance.
Interesting the latest 8-K filing (05/28/09) makes no mention of your assessments;
**Responding to;
----------------------------------------------------------------
Posted by: uhlmant Date: Friday, May 29, 2009 10:25:28 AM
In reply to: ib12u who wrote msg# 3072 Post # of 3090
Nope. I sold my gm bonds yesterday as I posted. I do hold GM $1 June PUTS. I don't work for anyone.
I am simply stating fact. Read CNBC, WSJ, BLOOMBERG....yahoo
GM commons will get ZERO starting on 1 JUNE. I think only folks holding are hoping for a last second (weekend) reprive. In my opinion this won't come. Deal has been sealed by bondholders. BK is the course GM/Administration have set.
Thanks for asking.
TROY
----------------------------------------------------------------
**BEHOLD!, The 8-K!
-Wink-wink!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004
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) May 28, 2009
GENERAL MOTORS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 38-0572515
(State or other jurisdiction
of incorporation)
(I.R.S. Employer
Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
(Address of Principal Executive Offices) (Zip Code)
(313) 556-5000
(Registrant’s telephone number, including area code)
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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
ITEM 8.01 Other Events
U.S. Treasury 363 Sale Proposal
As previously announced, GM’s exchange offers for $27.2 billion of its unsecured public notes (the Notes) and the related consent solicitations expired on May 26, 2009 and the exchange offers will not be consummated. GM’s Board of Directors will be meeting to discuss GM’s next steps.
The U.S. Department of the Treasury (U.S. Treasury), GM’s largest lender, has indicated to GM that if GM decides to seek relief under the U.S. Bankruptcy Code and seek bankruptcy court approval for the sale of substantially all of its assets pursuant to section 363(b) of the U.S. Bankruptcy Code, the U.S. Treasury currently anticipates that a new company sponsored by the U.S. Treasury (New GM) would agree to acquire such assets (the 363 Sale) from GM (following the 363 Sale, GM is referred to as Old GM) substantially on the indicative terms set forth below under the heading U.S. Treasury 363 Sale Proposal (the Proposal).
As provided in the Proposal, the U.S. Treasury has indicated that if holders of Notes of an amount satisfactory to the U.S. Treasury have provided (prior to 5:00 pm EDT on Saturday, May 30, 2009) statements of support satisfactory to the U.S. Treasury indicating that they will not oppose the 363 Sale (if conducted on terms substantially consistent with the Proposal), the U.S. Treasury currently would propose that New GM issue to Old GM as a portion of the consideration offered in connection with the 363 Sale 10% of the common equity of New GM and warrants to purchase an aggregate of 15% of the equity of New GM. The U.S. Treasury has indicated that if these statements of support are not received, the amount of common equity and warrants that it would propose be issued by New GM to Old GM would be substantially reduced or eliminated.
We have been informed by the advisors to the unofficial committee of unsecured GM Noteholders, Houlihan Lokey Howard & Zukin Capital, Inc. (financial advisors) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (legal counsel), that the unofficial committee and other large Noteholders (who collectively hold approximately 20% in aggregate principal amount of the Notes) support the economic terms of the Proposal.
2
--------------------------------------------------------------------------------
U.S. Treasury 363 Sale Proposal
363 Sale Pursuant to Section 363(b) of the U.S. Bankruptcy Code, (a) GM and its debtor subsidiaries (collectively, the “Sellers”) would sell to New GM substantially all of the assets of Sellers (other than certain specified assets) and (b) New GM would assume certain specified liabilities of the Sellers.
Following the 363 Sale, the U.S. Treasury contemplates that:
• the approximately $27.2 billion principal amount of Notes would ultimately comprise substantially all of Old GM’s debt and a significant majority of the total unsecured claims against Old GM, although there can be no assurance as to the ultimate amount of unsecured claims against Old GM that might arise in the context of a Chapter 11 case,1 and
• if issued, the New GM common equity and warrants described below would comprise a substantial portion of Old GM’s assets
Capitalization of New GM: New GM would be expected to have the following capitalization:
Debt • Approximately $17 billion estimated total consolidated debt (excluding debt related to GM’s automotive supplier financing program and warranty program), including approximately:
• $8.0 billion of debt owed to U.S. Treasury2
• $2.5 billion of debt owed to new Voluntary Employee Beneficiary Association (“New VEBA”)
• $6.5 billion of other debt
Perpetual preferred stock • $9.0 billion cumulative perpetual preferred stock with a 9% dividend per annum
• $2.5 billion issued to the U.S. Treasury2
• $6.5 billion issued to New VEBA
1 In the event the total allowed unsecured claims against Old GM exceed $35.0 billion the U.S. Treasury has agreed that New GM would issue up to an additional 2% of New GM common equity to Old GM.
2 A portion of the debt financing for New GM may be provided by the governments of Canada and Ontario in which case a portion of the perpetual preferred stock and common equity of New GM to be provided to the U.S. Treasury will be allocated to the governments of Canada and Ontario.
3
--------------------------------------------------------------------------------
Common equity The outstanding common equity of New GM would be allocated as follows after consummation of the 363 Sale (without giving effect to the warrants described below):
• 72.5% to the U.S. Treasury 2
• 17.5% to New VEBA
• 10% to Old GM
Warrants
Old GM Warrant 1
• Old GM to receive warrants to acquire newly issued shares of New GM equal to 7.5% of New GM common equity outstanding at closing, exercisable at any time prior to the seventh anniversary of issuance, with an exercise price set at the share price that would equate to an aggregate equity value of $15 billion based on the shares outstanding at closing, fully diluted for the issuance of such warrants
Old GM Warrant 2
• Old GM to receive warrants to acquire newly issued shares of New GM equal to 7.5% of New GM common equity outstanding at closing, exercisable at any time prior to the tenth anniversary of issuance, with an exercise price set at the share price that would equate to an aggregate equity value of $30 billion based on the shares outstanding at closing, fully diluted for the issuance of such warrants
New VEBA Warrant
• New VEBA to receive warrants to acquire newly issued shares of New GM equal to 2.5% of New GM common equity outstanding at December 31, 2009, exercisable at any time prior to December 31, 2015, with an exercise price set at the share price that would equate to an aggregate equity value of $75 billion based on the shares outstanding at issuance of the warrants, fully diluted for the issuance of such warrants
Debtor-in-Possession Financing and U.S. Treasury Debt Reduction The U.S. Treasury, by or through itself or New GM, together with one or more non-U.S. governmental entities, will offer debtor-in-possession financing to Sellers to provide funds for the wind down and liquidation of Sellers’ remaining assets.
Other than the $8.0 billion of debt owed to the U.S. Treasury by New GM described above, all amounts owed by Old GM, other Sellers or New GM to the U.S. Treasury under existing debt (excluding debt related to GM’s automotive supplier financing program and warranty program), debtor-in-possession financing or other financing to New GM in connection with the 363 Sale would be equitized (such equitized amount estimated to be in excess of $50 billion, as compared to an equitization of at least $10.7 billion contemplated by the U.S. Treasury Debt Conversion
4
--------------------------------------------------------------------------------
condition of the expired exchange offers) in exchange for the New GM preferred stock, common equity and warrants described above. No other debt will be owed by Old GM or other Sellers to the U.S. Treasury.
Noteholder Support The U.S. Treasury’s proposal above with respect to the amount of New GM common equity and warrants currently proposed to be issued to Old GM is subject to holders of an amount of Notes satisfactory to the U.S. Treasury having provided (prior to 5:00 pm EDT, Saturday, May 30, 2009) statements of support satisfactory to the U.S. Treasury indicating that they will not oppose the 363 Sale (if conducted on terms substantially consistent with the terms described above). The U.S. Treasury has indicated that if these statements of support are not received, the amount of common equity and warrants that it would propose be issued by New GM to Old GM would be substantially reduced or eliminated.
5
--------------------------------------------------------------------------------
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 hereunto duly authorized.
GENERAL MOTORS CORPORATION
(Registrant)
May 28, 2009
By: /s/ Nick S. Cyprus
(Date)
Nick S. Cyprus
Controller and Chief Accounting Officer
LOL! Are you working for/with the tree shakers?
LOL! Now now young man, you've heard nothing of me LOL!
I'm here to cheer GM on.
um, now where was I,
OH!
GO GM!! GO! GO! GO!
Hmmm, what was I thinking. GM stock to invest in?. or am I too late? too early?
What's the scoop here folks!
It’s alleged they’re heading for Bankruptcy filing.
The reorganization Chapter 11, to be more exact.
So what's likely to be the new ticker symbol, GMQ?
Then after two months, they're to emerge as a NEW COMPANY or something like that.
I'M STILL WATCHING AND WAITING...
Wink!
COOL! we got an up-ticked!
I only own 1 share.
-Wink-Wink!
I cant wait till this stock gets to $20/PPS
GOOOOOO TFZI!
Your a "GOLDEN GLOVE" with a real "KNOCKOUT"
(Pun not Intended)
NEWS: Encore Energy Systems to File 2009 Quarterly Results With OTC Disclosure Service
9:00 AM ET 5/26/09 | GlobeNewswire
RELATED QUOTES
Encore Energy Systems (Pink Sheets:ENCS) announced today it will file its 2009 First and Second Quarter Reports with the OTC Disclosure Service to provide regular disclosure and transparency to investors. The Company will continue making regular public filings as part of its regular disclosure policies to reach full current information status.
The Company will release its First Quarter 2009 results on 1 June 2009.
Second Quarter 2009 results will be released 15 June 2009.
The filings may be accessed at:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ENCS
Encore's portfolio is well positioned to capitalize on projected increased demand for eco-friendly fuels and related green technologies. In anticipation of explosive demand the Company continues targeting distressed biodiesel asset purchases and biofuel production and distribution agreements. The company has soon to be announced programs in Combined Heat and Power (CHP) and in the emerging energy-saving technology sectors.
The Company is confident its strategy will lead to continuing increase in stockholder value and believes it is well positioned in the alternative fuel and energy conservation sectors.
The Company will soon release additional news on:
View data
-- Continuing acquisition of biodiesel facilities and
joint-ventures with biodiesel production plant.
-- New web sites, corporate image, and published business plans
-- Electric Power co-generation technology and related systems
-- Low-to-zero-emission, Multi-Fuel electric power generation
-- Solar energy technology and related product lines
-- Continuing acquisition of biodiesel facilities and joint-ventures with biodiesel production plant. -- New web sites, corporate image, and published business plans -- Electric Power co-generation technology and related systems -- Low-to-zero-emission, Multi-Fuel electric power generation -- Solar energy technology and related product lines
About Encore Energy
ENCS is an international aggregator bio-diesel reactor technology, fuel distribution, production systems and fuel production facilities.
The Company also owns the patents for the use of grey-water, and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. See our video at http://www.encoreenergyinc.com. The Company licenses its patented technology to other energy-related businesses.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Encore Energy Systems
Encore Energy Systems, Inc.
Investor Relations:
1.662.253.5766
info@encoreenergyinc.com
****************************************************************
OK, now I've read the PR, but, I've also read others from this company.
I'm hoping that the financials of the Company will actually release its First Quarter 2009 results on 1 June 2009.
Second Quarter 2009 results will be released 15 June 2009.
Because we're several months over due (and counting), on the last PR claim of such reporting.
Perhaps they'll stay true to their words this time.
Hats off for providing updates though.
As for SMWFE, whereas the truncated "E" signifies a Nasdaq-Tag for Late filings with the SEC.
The Late Filings was verified and currently being resolved by SMWF to be brought current.
(At least SMWF was honest about it and making corrective provisions)
-Per the following NT 10-Q Notification that form type 10-Q will be submitted late;
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One)
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: March 31, 2009
--------------
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ________________________
+------------------------------------------------------------------------------+
| |
|Read Instruction (on back page) Before Preparing Form. Please Print or Type. |
| |
| Nothing in this form shall be construed to imply that the Commission has |
| verified any information contained herein. |
-------------------------------------------------------------------------------+
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Seamless Wi-Fi, Inc.
------------------------------------------------------------------------------
Full Name of Registrant:
------------------------------------------------------------------------------
Former Name if Applicable
800 N. Rainbow Blvd. #208
------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Las Vegas, NV 89107
------------------------------------------------------------------------------
City, State, Zip Code
PART II - RULES 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be
XX filed on or before the fifteenth calendar day following the prescribed
-- due date; or the subject quarterly report of transition report on Form
10-QSB, or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period.
The Registrant is unable to file the subject report in a timely manner because
the Registrant was not able to complete timely its financial statements without
unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Al Reda (775) 588-2387
---------------------------- ----------------- ---------------
(Name) (Area Code) (Telephone No.)
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If the
answer is no, identify report(s). [X]Yes [ ]No
------------------------------------------------------------------------------
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof? [ ]Yes [X]No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
------------------------------------------------------------------------------
Seamless Wi-Fi, Inc.
------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 15, 2009 By: /s/ Albert Reda
----------------------------- -------------------------------------
President
Hats off to SMWF!
Efforts well noted!