Money never sleeps pal. I just made $800,000 in Hong Kong gold. It's been wired to you -- play with it. You done good, but you gotta keep doing good.
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Guard Dog Inc. Announces Terms of Acquisition of 15 Seconds of Fame Inc.
The Chief Executive Officer of Guard Dog Inc. (Pink Sheets: GRDO), (“Guard”) John Bonaccorso announced today the details of the acquisition of its new wholly owned subsidiary, 15 Seconds of Fame Inc. (“15SOF”) (www.15sof.com) completed June 2, 2011.
Guard Dog Inc. entered into an agreement to acquire all of the outstanding shares of 15 Seconds in exchange for approximately 3,650,000,000 shares of Guard Dog Inc. The Company increased its authorized shares to 6,000,000,000 to accomplish this merger and acquisition by filing with the State of Nevada its Articles of Amendment on June 15, 2011.
In conjunction with the acquisition, the Company accepted the resignation of all of the members of the Board of Directors and appointment of John Bonaccorso as the Company’s new CEO and President. Mr. Bonaccorso purchased a controlling interest in the common stock of the Company from the Company’s prior CEO, James Watson pursuant to an agreement dated June 2, 2011. In addition, new members of the Board were appointed as previously disclosed in our June 9, 2011 Press Release.
The Company has determined that it will not continue to pursue the previous business model of Guard Dog Inc., including Identify Theft Protection. The company will focus primarily to grow and expand 15SOF and its business model.
15 Seconds of Fame Inc. (15SOF) business model is to provide an active and entertaining experience for aspiring stars and those who enjoy discovering great talent, as well as funny and unique contests. 15SOF makes it easy for their Entry to be uploaded and posted to the 15SOF site, Facebook, Twitter and almost 300 other social media sites around the world to encourage all of their friends and fans to view, vote and comment. This in turn creates page views. Because 15SOF limits the length of videos to 15 seconds, the result is many more page views per user per visit than virtually any website we are aware of on the Internet. The Company can hold hundreds of simultaneous contests each day and thousands each year. Revenues are earned on advertising, sponsorships and social media games, with mobile application revenue expected in the near future.
The Guard Dog Inc. website (15sof.com) may include forward-looking statements related to Guard Dog Inc. that involve risk and uncertainties, including, but not limited to, member services, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Guard Dog Inc. results, please refer to the Company's filings with the OTCMARKETS. Prospective investors and shareholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Current report filing (8-K)
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): June 13, 2011
DORAL FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
Puerto Rico 001-31579 66-031262
(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)
1451 Franklin D. Roosevelt Avenue, San Juan, Puerto Rico 00920-2717
(Address of Principal Executive Offices, Including Zip Code)
Registrant’s telephone number, including area code: 787-474-6700
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective on June 13, 2011, Mr. Frank W. Baier resigned from the Board of Directors of Doral Financial Corporation (the “Company”). Given his resignation, Mr. Baier will not stand for election as a member of the Board of Directors of the Company at the 2011 Annual Meeting of Shareholders to be held on June 28, 2011.
Mr. Baier resigned from his position in the Board of Directors of the Company in order to pursue an employment opportunity with another financial institution. Mr. Baier confirmed that there were no disputes or disagreements with the Company’s management or the other members of the Board of Directors of the Company in connection with his decision to resign as a director of the Company.
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.
DORAL FINANCIAL CORPORATION
Date: June 17, 2011 By: /s/ Enrique R. Ubarri
Name: Enrique R. Ubarri
Title: Executive Vice President and
General Counsel
Doral Financial (NYSE:DRL)
Historical Stock Chart
1 Year : June 2010 to June 2011
Trading Great Here today..... Push this over $1.20!!!
Pandora Shares Sing at Debut, Then Fall
Pandora IPO story updated with afternoon share price information.
NEW YORK (TheStreet) -- Shares of Pandora Media surged more than 63% in their market debut Wednesday, as strong investor interest in the social media sector continues.
But while the stock hit $26 at one point during morning trading -- which valued the company at more than $4 billion -- shares fell to around $18.50 by midday. Shares are still trading above the IPO price of $16 set Tuesday evening.
Last week Pandora increased its price to between $10 and $12, up from its prior range of $7 to $9 a share.
Pandora's IPO comes in the footsteps of other recent Internet IPO successes including LinkedIn, which saw shares more than double in its first day of trading, and Yandex, the Russian Internet search shop that saw its stock jump more than 40% on its U.S. trading debut.
Pandora IPO Pressures Sirius Shares
While Pandora has posted significant growth and a rapidly expanding user base -- it comprises about half the Internet radio market -- it faces losses and mounting competition from tech powerhouses like Apple, Google and Amazon, who are also breaking into the online music space.
Pandora lets listeners create personalized radio stations based on their tastes. Listeners can then provide feedback by selecting "thumbs up" or "thumbs down" to influence the types of songs that are played going forward.
The service is available for free through the Web, tablets and smartphones and is also integrated into the sound systems of several car makers. The company's iPad app is the most downloaded free app in the history of Apple's App Store and its iPhone app is the second-most popular, following Facebook.
Pandora generates about 87% of its revenue from display and audio ads. However, users can buy a subscription to the service to bypass ads.
THANKS FOR THAT UPDATE
Trading well here today in a down Market! Should Build as the 22nd approaches..
Were within a week of this one Taking off .... June 22nd might be the day....
Just saw the Movie on HBO
To big to Fail !!!!!!!!!
Winks have you seen the Movie To Big To Fail on Hbo Yet? Very interesting Movie
Good day to Add some cheap shares...
Trading Nice to Close out the week............
11-22-99
Im very happy the way this stock has been trading....
Its been a tough week for the Entire market... DRL has Held up well
This one moves 10 to 20% pretty quick and thin....
great post....
Looks to me like they are Dumping stock and the Buying is just not supporting or keeping it up...
I wanted to see $1.50 before we went back to $1
Nice Winks!!
I think we might see that $1.60 Sooner then later... No News and 1.5 Million shares moved taking us down 15%
Ups and Downs Buddy Makes $$ for people... Market Movers!!
Summer is Here winks!!
Just got back in town today.. Stock Held up Great seeing what the Dow did last week... I sold higher last week and refilled today for less..
TIme to see $2.50
I probably owe you more then 2 dinners Now Winks!! LOL@!!
Gotta be in it to win it!! More North Movement to Come.....
Doral Financial Corporation to Hold Special Meeting of Preferred Stockholders to Elect Preferred Directors
Doral Financial (NYSE:DRL)
Intraday Stock Chart
Today : Saturday 28 May 2011
Doral Financial Corporation (NYSE: DRL) ("Doral Financial" or the "Company"), the holding company of Doral Bank and Doral Bank FSB, with operations in Puerto Rico and the U.S., today announced that it will hold a special meeting of the holders of the Company's Preferred Stock (the "Preferred Stockholders") on August 3, 2011 (the "Special Meeting"), at which holders of record of its 7.00% Non-cumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"); 8.35% Non-cumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock"); 7.25% Non-cumulative Monthly Income Preferred Stock, Series C (the "Series C Preferred Stock" and, together with the Series A Preferred Stock and the Series B Preferred Stock, the "Non-Cumulative Preferred Stock") and 4.75% Perpetual Cumulative Convertible Preferred Stock (the "Cumulative Preferred Stock" and, together with the Non-Cumulative Preferred Stock
Bro 100k shares this changed my entire year.. THANK YOU BILLY BOY!!
Winks what a friday to Sell my holdings before my Cruise Monday... I recall telling you monday I could taste that $2...
This has alot more $$$ left to run....
HAVE A GREAT WEEKEND WINKS!!
I seem this going to $3 within 45 days from here.... Moves nice on thin volume................
GREAT CALL WINKS!!
Strong Close today......
HELLO MR WINKS!!!
We close out the week or Day Strong and will be looking back at the $2 mark.....
Hold Long and strong here..
With a few days of volume this will run North No Problem.....
I can taste that $2 Mark for Friday........
Looking to Close out the week Strong....
Thank You
Washington Mutual, Inc. Announces Settlement With Significant Creditors and Equity Committee
Washington Mutual, Inc. (Pink Sheets: WAMUQ.PK) ("WMI" or the "Company") today announced that the Company and certain of the Company's creditors have reached a tentative settlement agreement with the Official Committee of Equity Security Interest Holders.
Under the terms of the tentative agreement, which remains subject to the parties executing definitive documentation memorializing the terms thereof, the parties have agreed to the following:
¦A litigation trust will be established to pursue claims and causes of action that are property of the Debtors against certain non-released third parties. This litigation trust will be funded by the Company with an initial $5 million cash contribution and additional contributions, under certain circumstances, in an amount not to exceed $25 million. The previously announced liquidating trust contemplated by the Company's pending plan of reorganization will be entitled to receive all proceeds realized by the litigation trust until repaid in full (other than with respect to the initial $5 million contribution); thereafter, the beneficiaries of the litigation trust will be the holders of allowed, subordinated claims, as well as preferred and common equity holders.
¦Common equity in the reorganized Debtor will be distributed to holders of allowed, subordinated claims and the Company's preferred and common equity holders. In addition, certain holders of allowed claims, other than those holding allowed claims who would have previously received common equity in the reorganized Debtor, have agreed to receive a debt instrument and a preferred equity instrument having a combined, aggregate net present value of approximately $160 million.
¦Certain significant creditors will commit to provide a senior secured credit facility for the reorganized Debtor in an amount not to exceed $100 million.
¦Upon filing of a plan consistent with these additional terms, the Equity Committee will stay its appeal of the Bankruptcy Court's order, dated January 7, 2011, regarding plan confirmation. Additionally, upon confirmation of such plan, the Equity Committee will withdraw, with prejudice, such appeal.
WMI issued the following statement:
"WMI is pleased to have reached this tentative settlement agreement, which is an important step toward completing the Chapter 11 process. WMI looks forward to distributing over $7 billion to the estate's parties-in-interest upon confirmation and approval by the Bankruptcy Court."
If the parties are unable to reach a definitive agreement that incorporates the tentative settlement announced today, the Debtors intend to proceed with the hearing scheduled to begin on June 29, 2011 to seek confirmation of the plan of reorganization currently pending before the Bankruptcy Court.
Additional details regarding the settlement agreement are available at www.kccllc.net/wamu.
SOURCE Washington Mutual, Inc.
Very Solid here today Boss...
Sounds good to me...
IntelGenx Welcomes Dr. Rajiv Khosla to Its Board
IntelGenx Technologies Corp. (TSX VENTURE: IGX)(OTCBB: IGXT) ("IntelGenx"), is pleased to announce that Dr. Rajiv Khosla has agreed to join IntelGenx' Board of Directors. Dr. Khosla will bring a wealth of expertise and experience in oral drug delivery technology, pharmaceuticals and business development to the Board.
"We are very pleased and excited to have been able to attract somebody with Dr. Khosla's qualifications, strengths and background in pharmaceutical business development," Dr. Horst G. Zerbe, President and Chief Executive Officer of IntelGenx. "Dr. Khosla's impressive scientific qualifications and background, as well as his work experience in pharmaceutical transactions, are exceptionally relevant to our endeavours at IntelGenx and will be invaluable for the continued success of our pipeline products."
Dr. Khosla expressed his enthusiasm about joining IntelGenx' Board stating, "I truly believe in the work that IntelGenx is doing. The Company has several products that are close to commercialization and continues to pursue unique opportunities for pharmaceutical drug delivery. It will be my pleasure to serve on the Board of Directors."
Dr. Khosla was recently named President, Chief Executive Officer and a member of the board of directors of Orasi Medical, a leading provider of clinical neurophysiology biomarkers, which is focused on the industrialization and standardization of magnetoencephalography (MEG) in central nervous system drug and therapeutic device development. In January 2011, Dr. Khosla founded CEUTEC LLC, a private company that offers a full-service of business development activities to Biotech, Specialty Pharma and Venture Capital/Private Equity Firms. From September 2005 to December 2010, Dr. Khosla was Vice President of Business Development at Biovail Corporation, a Canadian pharmaceutical company operating internationally. During his tenure at Biovail, Dr. Khosla successfully led the transaction process for over 75 deal opportunities in a variety of therapeutic areas, including the central nervous system, dermatology, women's health, cardiovascular and gastrointestinal, drug delivery, orphan drugs, generics and pipeline partnerships. From 2003 to 2005, Dr. Khosla held the position of Vice President and General Manager, Pharmaceutical, of Sensient Technologies. From 1998 to 2003, Dr. Khosla served as Senior Business Director, Healthcare at ICI Group, where he managed a new worldwide healthcare business.
Dr. Khosla possesses a Ph.D. in pharmaceutical science, with a thesis on Oral Drug Delivery Technology, which he completed in 1987. Additionally, Dr. Khosla holds an Executive MBA from the Henley Business School in England, a Bachelor of Pharmacy (Honours) from the University of Nottingham, England and is also a registered pharmacist in the UK.
The appointment is subject to TSX-V approval.
About IntelGenx:
IntelGenx is a drug delivery company focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems. IntelGenx uses its unique multiple layer delivery system to provide zero-order release of active drugs in the gastrointestinal tract. IntelGenx has also developed novel delivery technologies for the rapid delivery of pharmaceutically active substances in the oral cavity based on its experience with rapidly disintegrating films. IntelGenx' research and development pipeline includes products for the treatment of pain, hypertension, erectile dysfunction, sleep disorders, allergies and depressive disorders. More information is available about the company at www.intelgenx.com.
Forward Looking Statements