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Good morning Global, it wasn't mentioned in the PR it would be December. Folks really need to re-read the PR. I think we will hear news on the Acquisition early next year. I'm looking forward to the Annual Report as well. Good things are coming and GLTU Global on your large stake in PIHN.
Polaris International Holdings, Inc. has Reached Terms for the Acquisition of a U.S. IT Communications Company
Polaris International Holdings, Inc. (Pink Sheets: PIHN) is pleased to announce that it has agreed on new terms for the acquisition of a U.S. IT Communications Company. It is expected that the transaction will take place in December. This U.S. IT Communications Company, an approved provider for broadband operators and all premium programs, is currently generating revenues in excess of $12,000,000 and operating with a profit margin in the 30 percent range.
Polaris International Holdings, Inc. CEO/President, Kuni Misawa, stated, "The revised terms have made the transaction workable for both sides. We feel there are many benefits of this transaction for Polaris International, including expanding business operations outside of Japan where the Company's core IT business has been focused."
The combination of business is expected to exceed US$18 million in revenues this coming calendar year.
Terms were not disclosed. The targeted acquisition company will remain unnamed.
This is going to get crazy. Forget pennies, we could see dollars. MOASS of the century coming to a theater near you. Get your popcorn ready.
Anyone need a shot pak? I could go for the Kamikaze!!! lol
Agreed. This is going to be fun watching this unfold. DOUBLE WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!
Of course they are aware of the split. That is why their is a D added on the end of the ticker symbol.
I'm starting to think they are doing this on purpose to make big money.
Yes you are correct if the O/S was 4 billion. They would have had issued all their shares in the A/S for this to happen. I believe the O/S will be less than 40 million and I wouldn't be surprised to hear something from the Company next week in a PR stating what their Share Structure should be after the R/S and how the dividend shares will have to be extended due to the fact the brokers haven't received the certificates yet after the split. I basically bought fake shares last week. This is going to get interesting next week.
Key statement in the PR below:
The reverse stock split will not have any impact on the voting and other rights of stockholders.
Means A/S were also reduced with the split or else it would have an impact on voting rights because more shares could be issued.
It stays on approximetly 20 days.
http://www.investopedia.com/ask/answers/06/reversesplitD.asp
Doesn't matter if you can or cannot dilute a "D" stock. Company cannot issue new shares when its shareholders haven't received its new shares from the split. That would be illegal. I think moneymade nailed it on the head and brokers have screwed up and let its customers sell shares under the old Cussip number. Those shares should have been restricted until the new shares were received under the new Cussip number.
GLTU - Hope you turn that $100 into a thousand and go from there.
I can't tell you what you should or shouldn't do with your money. You'll have to make your own decision. I'll tell you I have a small position here of 1 million shares and will be adding more come Monday. GLTU
Great post stuij!!!!!! You're correct and these fools would go to jail if they were diluting as we speak when shareholders haven't even received their post split shares yet. When all the shares are settled post-split their can only be a max of 40 million shares Outstanding if the Company issued all 4B A/S pre-split. The O/S could be much less than this post-split if they didn't issue out all the A/S shares. Market Makers could have been short millions of shares and never covered before the R/S and now are in big trouble. Also, all these shares being traded as we speak are Air Shares. Someone screwed up big time and I'll give back my fake shares for nothing less than 5 cents to make these criminals pay for ripping off people for years. Also, the Company is going to have to release another PR about the GRBG dividend because yesterday was the last day to receive the divi due to 3 days for your shares to settle. How can I receive a divi for shares that aren't even real. The only folks who should be receiving this divi is owners of SSPT stock before the split. GLTA
Could be bigger with the dividend shares and possible news from the Company next week.
closed @ .002 yesterday. 2 U/T and we are green again.
Day isn't over.
I bought more today due to the fact the dividend shares next week should cause MOMO.
Thanks.
How is it possible this many shares being traded after post-split. Company had 4 billion A/S before split. If they even issued all 4 billion shares their would only be 40 million shares after the 100 to 1 split. Either Company is dumping shares on the open market or these are phantom shares. Any explanation?
I also use Scottrade as my broker and my shares now say GRAFF. Getting closer to that IPO. GLTA
No, means the powers to be will have to cover soon. If the Company was smart they would release a good PR to add to the buying frenzy which will send this stock soaring. Plus, they have to cover by the 15th when the Company issues out the divi shares.
The last known filing SSPT had was their 10Q for 1st Qtr 2010 in which the SS was 950M A/S, 618M O/S. Folks have checked the Nevada SOS which states it was 4B A/S. Lets say SSPT diluted all 4B shares before the split. Post split would mean the O/S would be 40M. The PPS tanked right after the split and over 200 million shares traded yesterday. This stock is being manipulated to the extreme with air shares. The MMs have been naked shorting this immensely and the MOASS is coming soon. I picked up shares yesterday and will grab more today. Buckle up your seatbelts folks because this is going to be fun. GLTA
Anyone know the Share Structure? I noticed they did a R/S back in November. Did this go over a $1 when they did the R/S? Looking to buy today and don't have time to do DD.
Doesn't look like the IPO is going to happen this year. We probably won't get any news until next year. I'm looking to grab some cheapies here this month to add to my position from folks selling for tax reasons. GLTA SDVI shareholders.
P.S. - I will be converting all my SDVI shares to Graffiti shares. Looking forward to that day.
I have a purchase order in for 10 million @.0001. Waiting for the LOI for Acquisition of a hot dog stand. I think IKE deserves a 100K Christmas bonus to add to his 350K salary for over performing. PPS is still a 100% higher from a year ago. lol
BUYOUT GOIG!!!!!!! We need GOOGLE, APPLE, VERIZON, SPRINT, AT&T, or any Fortune 500 Company with cash on hand who can Market this properly and get the ball rolling. Go800 is a great concept and service that has the potential to make billions worldwide. I believe the Patent is the key. If patent is disapproved then I believe someone will steal this concept for free.
Mr. FU ate him!!!!! lol
Ike's Master Plan all along was to let the PPS fall to these levels so Mr. Fu & the Insiders can steal as much of the float as possible before Go800 becomes a household name in 2011. HAPPY GOIG NEW YEAR!!!!! Sounds good doesn't it. lol
The Powers to Be want this to go up and it will just like the way they brought it down. No stopping GOIG now!!!!!!!!
PIHN - **VOLUME ALERT** Acquisition news any day now.
That is because those other Companies are scams who hire penny stock promoters to inflate their PPS why they dump all their shares leaving the innocent holding a bag of crap. If all goes as planned here and the IPO goes forward soon we'll all be having a very Merry Christmas. GLTU
They cannot buy back 3 billion shares when the float is only 2.6 billion. Also, we have no clue how many shares Insiders own out of that 2.6 billion. They could retire 2 billion shares from the Authorized Shares so peeps wouldn't be concerned of any more dilution.
Hello, anybody here? We need a juicy PR to get this jump started again. PPS is a steal at this level.
IMO, it isn't but I hope I'm wrong.
I got my dividend shares. My broker is Scottrade. It shows up as (GR.C1). It is restricted until the IPO and then it will become unrestricted with the Graffiti Ticker. If IPO is 3 Euros I'm looking at $70,000 in dividends. Oh yeah, I forgot EURO is much stronger than the dollar. More like 100K when converted to dollars. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
Someone is loading up the .0003s. Haven't had this kind of volume in months. Maybe news in finally on the way and I'll get an early Christmas gift. Believing in RELM is like believing in Santa.
Yeah, I'm with you. I will write this turd off to bring down my Capital Gains so the tax man doesn't rip me off too. No PRs since May and Company has been silent for four months. I'll give another week or two and time to move on.
The price decline as of yesterday was one or the other. MMs have been shorting this from .06 and will bring it to .000s. They do this with all Pinks because most are scams and the few Companies like GOIG that a real suffer due to lack of SEC regulation here in the OTC (Wild West). SEC barely can police the Major Exchanges where most people invest their money. They don't give a damn about the OTC Market unless they are getting many complaints about a specific company and maybe they will look into it.
Agreed. I'll be adding to my 30 million also. I can wait til next year if be. GLTU
Another good question for the CC would be what the Company did with the transaction of MONA shares the Company received in exchange for its China Based Assets. Were these shares restricted for one year and will they be issued as a dividend to the shareholders or used to Market Go800. I would rather have GOIG liquidate those shares to use for Marketing purposes of the Go800 service.