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GVRP clearly knew: http://www.tgllive.com/gvrpemail.pdf
JOIN MY CLASS ACTION SUIT VS. GVRP
Brian P. Murray, Esq.
Murray, Frank & Sailer LLP
275 Madison Avenue
New York, New York 10016
http://www.murrayfrank.com
GO TO: JOIN CLASS ACTION, CONTACT US
(REQUEST THE IMMEDIATE TEMPORARY RESTRAINING ORDER AGAINST
GVRP FROM INCREASING AUTHORIZED SHARES AND TO TENDER ALL DUE BILLS)
NEWMAN HILL
TOWERINVESTMENTS@NETSCAPE.NET
GVRP clearly knew: http://www.tgllive.com/gvrpemail.pdf
JOIN MY CLASS ACTION SUIT VS. GVRP
Brian P. Murray, Esq.
Murray, Frank & Sailer LLP
275 Madison Avenue
New York, New York 10016
http://www.murrayfrank.com
GO TO: JOIN CLASS ACTION, CONTACT US
(REQUEST THE IMMEDIATE TEMPORARY RESTRAINING ORDER AGAINST
GVRP FROM INCREASING AUTHORIZED SHARES AND TO TENDER ALL DUE BILLS)
NEWMAN HILL
TOWERINVESTMENTS@NETSCAPE.NET
,,,,,,,Submit your contact information, and below in the comments field submit a brief description... "I would like to join in a class action against GVRP, then any additional facts that you feel that are neccessary. You can include my name: Newman Hill
email:towerinvestments@netscape.net as a reference if you wish.
GVRP: JOIN MY CLASS ACTION SUIT VS. GVRP
Brian P. Murray, Esq.
Murray, Frank & Sailer LLP
275 Madison Avenue
New York, New York 10016
http://www.murrayfrank.com
GO TO: JOIN CLASS ACTION, CONTACT US
(REQUEST THE IMMEDIATE TEMPORARY RESTRAINING ORDER AGAINST
GVRP FROM INCREASING AUTHORIZED SHARES/AND TO TENDER ALL DUE BILLS)
NEWMAN HILL
TOWERINVESTMENTS@NETSCAPE.NET
GVRP: JOIN MY CLASS ACTION SUIT VS. GVRP
Brian P. Murray, Esq.
Murray, Frank & Sailer LLP
275 Madison Avenue
New York, New York 10016
http://www.murrayfrank.com
GO TO: JOIN CLASS ACTION, CONTACT US
(REQUEST THE IMMEDIATE TEMPORARY RESTRAINING ORDER AGAINST
GVRP FROM INCREASING AUTHORIZED SHARES/AND TO TENDER ALL DUE BILLS)
NEWMAN HILL
TOWERINVESTMENTS@NETSCAPE.NET
Before the Ink Dried: The Chaos and Confusion Stemming From GLUV Corporation
GLUV Corporation (OTC: GVRP) acknowledged that 3 million shares of the company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace throughout the last week or so. Recently, the Board of Directors of GLUV Corporation had voted that each shareholder holding shares on May 13, 2005, was entitled to a dividend of common shares at a ratio of 3 million shares for every 1 common share held on that date.
The confusion began as the company believes that at least 3 million of such shares appear to have been distributed prior to the payment date. The company is investigating the reasons behind the distribution of these shares and has even called the Securities and Exchange Commission to seek out a halt of the company’s shares. This is in connection to a major problem when the Pink Sheets Electronic Quotation System showed that the outstanding common stock of GLUV Corporation might be as high as 99 trillion shares. Believing that the Pink Sheets service was in error, the company claims that only 11 shares were “outstanding prior to the declaration of the dividend with the 3 million share dividend attached to them,” rather than the Pink Sheets service that reflected 33 million shares of the company’s stock with the three million share dividend attached to each of those shares.
Finally, on Friday, May 27, 2005, the SEC imposed a trading suspension for GVRP stock. In their trading suspension notice, the SEC cited that among other things, “the Commission temporarily suspended trading in the securities of GLUV because of questions that have been raised about the accuracy and adequacy of publicly disseminated information.” This includes the number of shares outstanding for the company, the availability of non-restricted shares for trading and delivery, the current shareholders of the company and the rights attached to ownership of these shares.
Robert W. Pearce, the company's chief executive officer, stated that he is “very grateful to the SEC for having acted so quickly in response to our request for help. The confusion about the actual number of the company's shares that are publicly available for trading appears to have caused some investors and various members of the brokerage community to be maintaining positions in our stock that are far in excess of the actual number of shares that we have outstanding. It is our hope that the SEC will ultimately resolve this problem by fashioning a solution that will permit the brokerage community to reverse the trades that should not have occurred in our stock during the past week."
As the SEC continues to monitor the situation, shareholders can only hope that trading will return to normal as soon as possible.
http://www.antandsons.com/takesalook/
Before the Ink Dried: The Chaos and Confusion Stemming From GLUV Corporation
GLUV Corporation (OTC: GVRP) acknowledged that 3 million shares of the company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace throughout the last week or so. Recently, the Board of Directors of GLUV Corporation had voted that each shareholder holding shares on May 13, 2005, was entitled to a dividend of common shares at a ratio of 3 million shares for every 1 common share held on that date.
The confusion began as the company believes that at least 3 million of such shares appear to have been distributed prior to the payment date. The company is investigating the reasons behind the distribution of these shares and has even called the Securities and Exchange Commission to seek out a halt of the company’s shares. This is in connection to a major problem when the Pink Sheets Electronic Quotation System showed that the outstanding common stock of GLUV Corporation might be as high as 99 trillion shares. Believing that the Pink Sheets service was in error, the company claims that only 11 shares were “outstanding prior to the declaration of the dividend with the 3 million share dividend attached to them,” rather than the Pink Sheets service that reflected 33 million shares of the company’s stock with the three million share dividend attached to each of those shares.
Finally, on Friday, May 27, 2005, the SEC imposed a trading suspension for GVRP stock. In their trading suspension notice, the SEC cited that among other things, “the Commission temporarily suspended trading in the securities of GLUV because of questions that have been raised about the accuracy and adequacy of publicly disseminated information.” This includes the number of shares outstanding for the company, the availability of non-restricted shares for trading and delivery, the current shareholders of the company and the rights attached to ownership of these shares.
Robert W. Pearce, the company's chief executive officer, stated that he is “very grateful to the SEC for having acted so quickly in response to our request for help. The confusion about the actual number of the company's shares that are publicly available for trading appears to have caused some investors and various members of the brokerage community to be maintaining positions in our stock that are far in excess of the actual number of shares that we have outstanding. It is our hope that the SEC will ultimately resolve this problem by fashioning a solution that will permit the brokerage community to reverse the trades that should not have occurred in our stock during the past week."
As the SEC continues to monitor the situation, shareholders can only hope that trading will return to normal as soon as possible.
http://www.antandsons.com/takesalook/
I hear Robert has his house up for sale on EBAY...To pay out due bills. ROFLMAO!
I hear Robert has his house up for sale on EBAY...To pay out due bills. ROFLMAO!
,,,,,,I agree for a GVRP settlement at .005-.01
,,,,,,,I agree for a settlement at .005-.01
OT,,,,,,,Way to go Matt. Did you shake your bum on the way out LOL!
Matt the Ladies man! Weeeeeeeeeeee!
--MoneyMade
Timeline of Robert W Pearce’s mistakes GVRP:
May 16, 2005; Bob directed TA to give F/S shares to the insider prior to May 23rd ex dividend date.
May 17-May 19, 2005; investors called Interwest to question the trades, the answer was that’s the way they do things. They did not care the ex dividend date set by NASDAQ.
May 20, 2005; Bob directed a MM to cover but the price was up to high, the MM won’t take the risk.
May 22, 2005; Bob issued a PR to tell investors not to trade its stock and meanwhile to "work" with SEC.
May 25, 2005; after two days negotiating with SEC, there was no progress made. Then Bob increased common shares to 250 Trillion to cover the shorts and he backdated the amendment to May 20, 2005
May 26, 2005; J Giordano Securities Group (JGIO) was hired to help GVRP to cover since NITE JEFF and other major MMs won’t take the risk.
May 27, 2005; SEC stepped in and halted the GVRP trading after they found GVRP’s amendment dated on May 25, 2005 about 250 trillion shares to prevent Bob Pearce's dumping.
Needless to say, SEC was stunted by the outrageous share structure. The head of DOJ was called in. Department of Homeland Security was called in. Task force was formed to investigae the fruad. What’s the next trick from Robert W Pearce? Of course a very genuine trick. But Bob may overlook it again and will be caught by SEC again. Robert W Pearce’s CEO days are numbered.
Stay tuned…
source
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=GLVP&read=468
Disclosure: All about is my own opinion and should be treated as such. No violation in my freedom of speech. If you inquire the story, I plead 5th. Don’t blame me, I learned from UC.
Timeline of Robert W Pearce’s mistakes GVRP:
May 16, 2005; Bob directed TA to give F/S shares to the insider prior to May 23rd ex dividend date.
May 17-May 19, 2005; investors called Interwest to question the trades, the answer was that’s the way they do things. They did not care the ex dividend date set by NASDAQ.
May 20, 2005; Bob directed a MM to cover but the price was up to high, the MM won’t take the risk.
May 22, 2005; Bob issued a PR to tell investors not to trade its stock and meanwhile to "work" with SEC.
May 25, 2005; after two days negotiating with SEC, there was no progress made. Then Bob increased common shares to 250 Trillion to cover the shorts and he backdated the amendment to May 20, 2005
May 26, 2005; J Giordano Securities Group (JGIO) was hired to help GVRP to cover since NITE JEFF and other major MMs won’t take the risk.
May 27, 2005; SEC stepped in and halted the GVRP trading after they found GVRP’s amendment dated on May 25, 2005 about 250 trillion shares to prevent Bob Pearce's dumping.
Needless to say, SEC was stunted by the outrageous share structure. The head of DOJ was called in. Department of Homeland Security was called in. Task force was formed to investigae the fruad. What’s the next trick from Robert W Pearce? Of course a very genuine trick. But Bob may overlook it again and will be caught by SEC again. Robert W Pearce’s CEO days are numbered.
Stay tuned…
source
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=GLVP&read=468
Disclosure: All about is my own opinion and should be treated as such. No violation in my freedom of speech. If you inquire the story, I plead 5th. Don’t blame me, I learned from UC.
GVRP,,,,,,,Is there a pinksheet system! Pinksheet.com i thought was just a web portal for Electronic Quotation. I could be wrong lol somebody needs to send over Tony Soprano to get our money!!
The company believes that this incorrect information about its outstanding shares entered the market place when the Pink Sheets system began reflecting that 33 million shares of the company's stock were trading "when issued" with a due bill for a three million share dividend attached to each of them, instead of showing that only the 11 shares that were actually outstanding prior to the declaration of that dividend should have been trading with that due bill attached.
WTF!!??
GVRP: ph 561-491-0870 (tellem go to hell)
GVRP: ph 561-491-0870 (tellem go to hell)
,,,,,,,Janice Is it possible to convene a vote and elect a new BOD of directors??? We still have the majority of shares at least until JUN 10th when the Halt is lifted???
We'd better think of legal action Quick. Time is running out....THIS BOGUS AMEND. CANNOT STAND.
Whatever we can do to buy more time and prevent enforcement of the Amendment. Let's do it. Halt is only 10 days.
,,,,,,,Is it time to call in the lawyers SSP? Count me in. I think we have the majority of shares to block any attempt by GVRP to pull this latest stunt. --MM
***GVRP DD/complaint list*****
"NASD rule 11810" about the due-bills
(I will urge you all to call your broker and insist a "demand
for settlement be placed" given NASD rule 11810 due-bill
You are entitled to place a demand for
settlement, sometimes called a "demand buyin" which places
you on record as having "demanded" all brokers involved
in your transaction are to settle, otherwords provide you
with your forward split shares.
NASD regulations department:
PH: 1 800 925 8156
Contact person: Jennifer Coragela
SEND SEC COMPLAINTS HERE:
Against Ameritrade's Chris Nagy/Mike Gonzales: Link
https://tts.sec.gov/acts-ics/do/complaint
Mike Gonzales-Manager, Ameritrade
Chris Nagy -Routing Manager
If If you do nothing,
you can expect nothing --MoneyMade
***GVRP DD/complaint list*****
"NASD rule 11810" about the due-bills
(I will urge you all to call your broker and insist a "demand
for settlement be placed" given NASD rule 11810 due-bill
You are entitled to place a demand for
settlement, sometimes called a "demand buyin" which places
you on record as having "demanded" all brokers involved
in your transaction are to settle, otherwords provide you
with your forward split shares.
NASD regulations department:
PH: 1 800 925 8156
Contact person: Jennifer Coragela
SEND SEC COMPLAINTS HERE:
Against Ameritrade's Chris Nagy/Mike Gonzales: Link
https://tts.sec.gov/acts-ics/do/complaint
Mike Gonzales-Manager, Ameritrade
Chris Nagy -Routing Manager
If If you do nothing,
you can expect nothing --MoneyMade
AMERITRADE: email!Chris Nagy!!! Made the decision to stop ALL buying and hold ANY proceeds at AMERITRADE!
Managing Director of order routing for Ameritrade,
IF WE ARE TO WIN...GUYS WE HAVE TO APPLY PRESSURE TO THESE A-R-R-O-G-A-N-T SOB'S WHO THINK THEY CAN CHANGE THE RULES OF THE F'N GAME WHEN THEY SEE FIT!!!!!! IF NO ACTION TELL THEM WE ARE GOING TO SUE THESE POS BROKERS!
EMAIL, WRITE, CALL AMERITRADE'S: CHRIS NAGY!!!!
-MONEYMADE
****GVRP NEWS****
NEW YORK (Dow Jones)--Trades involving millions of shares of a tiny Florida
company called Gluv Corp. (GVRP) could soon become a major headache for some securities firms.
The trades involved stock improperly sold into the market by one of Gluv's shareholders last week. Although Gluv's stock currently trades at a fraction of a cent, the stakes are high because securities firms that handled these shares
could fail to complete the transactions if they are not unwound by regulators.
If transactions involving improperly released Gluv stock are allowed to stand,investors who sold stock they thought they owned could find themselves short Gluv, having sold shares that they didn't really own. That could result in
losses for investors who would have to purchase shares to deliver to their brokers in order to complete the transactions.
According to market participants, Ameritrade Holdings (AMTD) is one of the brokerage firms that handled some of these improperly released shares.
Ameritrade said it stopped allowing customers to buy Gluv shares on Monday. The firm continues to allow clients to sell the stock.
Gluv is a Pink Sheets company that was recently attempting to restructure its stock ahead of a planned merger with Media Magic Inc. Prior to the merger, Gluv
spun off its assets into a private company, leaving all but a corporate shell for Media Magic to slip into.
In order to get rid of existing shareholders, Gluv conducted a 1-for-6.5 million reverse share split on May 12, which reduced the shares outstanding to just 11. A week later, Gluv said it would conduct a 3 million-for-1 forward
stock split that would bring the shares outstanding to 33 million shares. None of these 33 million shares were supposed to trade before Monday May 23.
But here is the rub: Apparently one of Gluv's 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading. In a press release issued Sunday, Gluv warned shareholders that
shares had improperly made their way into the marketplace and that investors should "not trade these shares until further notice." The company said it's investigating the matter and that it would "cooperate with regulators in resolving the situation." Gluv said it asked the Securities and Exchange
Commission to halt the trading of its stock.
That has not happened. Insteadmillions of shares of Gluv continued trading and that could result in some securities firms ending up stuck with non-existent stock. A spokesman for the SEC had no comment.
The SEC has the authority to suspend trading. The loosely regulated Pink Sheets market falls under the tutelage of NASD which may be waiting for guidance from the SEC. A spokeswoman for the NASD declined to comment.
Trading data shows that some 590,000 shares of Gluv traded last week. It's unclear how many of these shares were not supposed to be trading before May 23.
But since only 11 Gluv shares were really outstanding at that time, it's a fair assumption that most of the shares that changed hands last week were improperly traded.
It's also unclear just how many shares of Gluv are now outstanding. Under the company's 3 million-for-one forward split plan, each of the 11 shares outstanding last week became 3 million shares on Monday. But it's possible, and
even likely, that some of three million shares improperly released prior to Monday were also treated as pre-forward-split stock and broken up into even more shares.
A trading volume of 2.15 billion on Monday certainly indicates that more than just 33 million shares were floating around the market that day. (Trading volume was 556 million shares on Tuesday and 799 million shares Wednesday).
It typically takes three days for transactions to clear. And with settlement time right around the corner for Monday's monster volume, some market participants are wondering whether firms that handled large amounts of Gluv stock will be able to deliver shares.
Neither Gluv, nor Interwest Transfer Co., the company's transfer agent, were available for comment.
Chris Nagy, Managing Director of order routing for Ameritrade, said that as a precaution, the brokerage firm stopped allowing clients to buy shares of Gluv on Monday. The firm has continued allowing customers to sell Gluv stock however.
Nagy said the situation continues to be investigated. Gluv stock closed at $0.0001 a share Wednesday, down 50%.
(Carol S. Remond is an award-winning columnist and one of four who write the "In The Money" feature)
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com
TO ALL,,,,,,,DEMAND your GVRP shares today!
GVRP,,,,,HERE WE GO!
Dude...so the RS price p/ps should = $600!!!!! (.0001 x 6M!!!!)
Tell that idiot McDonald's is looking for deep fry cooks and whizz off!
,,,,,,,GVRP set your limits at 10c see what happens
OT: Hey Matt...i can't post to my board. http://www.investorshub.com/boards/board.asp?board_id=293
i forgot what password i used at the time...and oh yeah i only get three post a day. What can be done. Last of my 3 posts.
--MoneyMade
,,,,,,,Don't panic and chill on the caps. IMO i would suggest finding a broker that WILL allow you to purchase GVRP securities. (in the event that you have too)
As of this moment...
Ameritrade, Etrade, and TD all do not allow the purchase of GVRP. ONLY SELLS. From my research.
,,,,,,,On top of that MATT Ameritrade is no longer accepting Buys in GVRP only Sells.
--MoneyMade