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Wang
I think he loaded up cheapies the bum.
SPNI .0017 green
SPNI :)
Puease....Puease....can I get out of jail. LMAO
Even odds you picked up cheap shares.
Wrong. First, the deal is done. With the decreased shares can certainly meet requirements of up listing especially considering the business activities of the merged company. I'd say it is a pretty good bet it will happen, I'll leave the guarantees to your next stock pick.
Lets see--getting listed on the NASDAQ is like hoping to become the next Michael Jordan? I don't think so, happens everyday in penny land. Moreover, they've been working on this for 6 months. Nice try though--maybe ought to stick to reverse mergers vs. mergers to knock price down more.
penny_ta
Apparently the truth man has taken his BS over to BHUB. I am sure he has been in and out of that one quite a bit over the past week LOL.
The prescribed due date was 3/30/07 so 4/15/07 is the extended date which is Sunday.
IYSA
10K should be this week as 15th falls on Sunday.
SPNI
On the move..
10K should be this week right?
So the pay date is what counts, correct. In other words, if you buy it on April 30th (pay date) and sell it May 1st you get the dividend. The record date is rather meaningless except for playing a trade on those confused between the two.
You gotta love this game. Fearnow Fear now!
Here is language from another trust established pursuant to 1145 and it states the shares can be traded without registration with the SEC FWIW:
The PGE Common Stock, CrossCountry Common Equity, Prisma Common Stock,
Litigation Trust Interests, and Special Litigation Trust Interests will be deemed to have been issued in a
public offering under the Securities Act and, therefore, may be resold by any holder thereof without
registration under the Securities Act pursuant to the exemption provided by section 4(1) thereof, unless
the holder is an “underwriter” with respect to such securities, as that term is defined in section
1145(b)(1) of the Bankruptcy Code. In addition, the PGE Common Stock, CrossCountry Common
Equity, Prisma Common Stock, Litigation Trust Interests, and Special Litigation Trust Interests generally
may be resold by the holders thereof without registration under state securities or “blue sky” laws
pursuant to various exemptions provided by the respective laws of the individual states.
In addition, according to the annual report, DEXTQ issued shares that were not subject to Sec. 1145 of the bankruptcy code.
Here is another company that issued sec. 1145 securities and it trades:
http://www.wcisteel.com/investors/StockInfo.asp
Here is the section in bankrutpcy code:
http://www4.law.cornell.edu/uscode/html/uscode11/usc_sec_11_00001145----000-.html#FN-1REF
Odiaz:
I got no problem with your post he said basically the same thing to me, but I found him to be at best unsure of himeself.
He said that the reverse split has not been effectuated, that the shares may be cancelled and that shares went to creditors. Also he kept emphasizing it is a public shell, but a public shell has shares to trade, right? Otherwise it is private. In addition, none of this jives with the 10K which says all this was done last year. What did he tell you?
I did.
The way I read the 10K they increased their shares to 100 million and then did a 500-1 reverse split. They then issued other shares to investors and creditors. The reorganization plan was adopted last year and supposedly the reverse split and the issuance of the shares were done as well. When I spoke to Mike he wasn't sure what happened and made references to the reverse split and the new stock. I read NOWHERE that shares were cancelled or that they are going to be private corporation.
jjack1137:
No, it makes your posts noninformative is all.
jjack1137: Explain this then:
The annual report states:
1. The Company will increase it authorized capital stock to 100,000,000 by filing a Certificate of Amendment to its Articles of Incorporation and then effect a 1-for-500 reverse split of all issued and outstanding stock. This was completed July 27, 2006.
DEXTQ
The annual report states:
1. The Company will increase it authorized capital stock to 100,000,000 by filing a Certificate of Amendment to its Articles of Incorporation and then effect a 1-for-500 reverse split of all issued and outstanding stock. This was completed July 27, 2006.
DEXTQ:
I spoke with Mike and I do not think he is sure of what happened. He kept telling me this is a public shell and the shares will be cancelled, but any publicly traded company whether a shell or not has shares otherwise it is a private company.
What is the number?
How can they cancel shares when bankruptcy court orders the new shares? Second, what will happen if cancelled--new shares issued and if so when?
SSP: IYSA
4/23 INCLUDES the 15 day extension--so original due date was 3/30/07. I think I am confusing everyone!!
IYSA
Just out of bankrutpcy--90 Million O/S, lump sum payment equal to .05/share---share price .005!
Next stupid question:
What is the due date? (I looked and couldn't find it)
SSP: IYSA
Any idea when they will file the 10-K? TIA
IYSA
Just out of bankrutpcy--90 Million O/S, lump sum payment equal to .05/share---share price .005!
IYSA
90 Million O/S, lump sum payment equal to .05/share---share price .007!
IYSA
90 Million O/S, lump sum payment equal to .05/share---share price .007!
IYSA
90 Million O/S, lump sum payment equal to .05/share---share price .007!
SSP: IYSA
If they have about 90 million fully diluted and 4.8 million net income isn't that .05 EPS?
I was under the impression it was 91 million after the bankruptcy.
http://www.investorshub.com/boards/replies.asp?msg=18417475
How many shares outstanding?