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Petel Incorporated Acquisition triggers $207M stock dividend to shareholders
Monday, 04 June 2007
Petel Incorporated Acquisition triggers $207M stock dividend to shareholders
(Pink sheets: PTEL.pk)
Petel Incorporated today announces the agreement to acquire a further company into the Petel Group. The new addition to the Group will provide Petel Incorporated with the vehicle to build a global, non-adult, broadband broadcast television corporation.
The acquisition company is listed on a UK stock exchange and will not be identified until it has completed a required reorganisation. Funding of the acquisition will be via a like-for-like share exchange between the two companies. The transaction will result in a strike price of £0.75 ($1.50) for the acquired company shares. The acquired company will issue over 138 million shares to existing Petel Incorporated shareholders, resulting in a dividend stock issuance valued in excess of $207M.
It is anticipated that the company will be identified week commencing 11th June 2007, the proposed record date.
In summary:
• The acquired company will become a subsidiary of Petel Incorporated.
• The company will be acquired into the group via a like-for-like, 1-for-1 share exchange.
• All existing Petel Incorporated shareholders at date of record will receive one share in the newly acquired company for each Petel Incorporated share they own, with a strike price of £0.75 ($1.50).
• Further details and the identity of the acquisition will be published week commencing 11th June 2007.
Petel Incorporated CEO David Morton comments “We are very pleased to have successfully concluded the negotiations for this acquisition. The new addition adds massive value to our operation, both in terms of product and resource, and will open significant new markets to the Company. In addition, it is gratifying to be able to deliver a valuable dividend to our shareholders and supporters”.
Petel Incorporated’s five year forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page.
Don't stray too far Lem, it's not good for the Knee. Thanks.
New bid/ask
bid
1-255
1-25
1-23
1-21
Ask
2-27
1-28
1-29
1-32
1-40
Bid
1-25
1-23
1-21
Ask
1-27
1-28
1-29
1-30
1-40
BWAD, next time you have a party can I come PLEASE !!!
Just hit .26 again. !!!
Looks good to me!
Bid
1-23
2-21
1-20
1-12
ASK
1-24
1-28
3-30
1-40
I'm not a charts guy, but when it comes to MSNBC,CNN money and other financial mediums I am hearing more about internet Broadband TV channels all the time. This company is on the ground floor of the futre. Good luck all !!!!
Well Lem, when anybody reads my history of posts they will see what I'm all about. Good luck in your next venture.
Once I check the figures out for myself, I will consider updating the box. Have a good night lem.
Lem, I hope your knee gets better. Good luck in your investmeent in PETEL if you have one.
Good up tick today !! I feel the train comin!!!!
Bid
3-21
1-18
1-12
ask
1-24
1-27
1-28
1-30
1-40
1-46
Some interesting news.... Have a great day everyone.
http://www.dmwmedia.com/news/2007/05/29/wpp-television-broadcasters-face-severe-pressure-in-online-s...
bid
2-20
1-18
1-17
1-12
1-05
ask
1-22
1-225
1-23
1-25
1-26
1-28
1-40
volume 203,400
Nice work dog!!! Sell some at the top baby!!
Relax. It was a holiday weekend. Remember what Jack said( all work and no play). This is probably one of the best boards on IHUB, from what I read. We have a good mix of people here. Let's finish May strong, and go into June with full head of steam !!! Have a great short week everyone.
When I have information I will post it.
bid
1-26
1-22
2-21
1-20
1-15
1-12
ask
1-27
4-30
2-31
1-40
bid 29 ask 30
35,000 buy at .295
10,000 buy at .30
It's moving !!!!
New investors, profit taking, traders(pro's),good news, and the kitchen sink.
3,200,000 .25
No pictures?
bid ask 21/25
Hey Dog, I blinked and it's at .20 again. bid .175/ ask 5X 20
bid
1-165
1-15
2-145
2-12
1-10
ask
1-17
1-18
1-19
1-20
1-30
1-35
1-40
volume 2,600,000
Great question! I did! thanks and GLTA!!!
bid
2-30
1-29
1-27
1-20
ask
1-32
1-33
2-35
1-40
1-45
bid
1-.335
4-.33
1-.30
ask
1-35
3-36
1-37
1-42
1-50
OUCH.. lmao !
Done.
bid
2-35
2-33
2-32
1-30
ask
1-38
1-39
1-40
2-42
1-50
On our way back up!!!!!!!!!!!!!
ditto
No problem.
bid
1-.405
2-40
ask
1-.42
1-.43
1-.45
so far.
100% with you on that. I have a small business, but a good team is KEY !!
my bad. sorry
Penny I have been to the site, believe me it works! Please collect your facts before you make statments like that again. Thanks.
I think $1.07