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with the right pr we will definitely go straight up.
There is something fishy going on though. This stock always seems to have so many 9 million blocks go threw all the time. Also, every time the price goes back up to .0002 some one sells at .0001. we had about 6 million buys this morning at .0002 and then back down to .0001
i can't wait until this stock picks up again
has anyone looked at the accumulation/dis graph.( it is at the bottom of the ibox) someone seems to be accumulating lots of shares.
This could help explain the due bill redeemable date on the stock dividend
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=3817
scroll down to stock dividends
Does anybody know if BIHC would have to release its share structure to the brokers when releasing the 2:1 stock dividend?
As of this morning scottrade has the total shares outstanding at 175.2 million.
Which if you subtract the total restricted shares that galo holds, which is 160 million,
you get 15.2 million public float.
could galo have reduced the public float again through a buy back?
just a thought
on ihub trades it says as of 2:37
2,620,130 buys v. 1,070,000 sells
This came up on my scottrade account:
Prime Restaurants Royalty Income Fund Announces January 1, 2009 Adjustment to Royalty Pool
Prime Restaurants Royalty Income Fund (the "Fund")(TSX: EAT.UN) and Prime Restaurants of Canada Inc. ("PRC") announced that as of January 1, 2009, the gross sales of 12 new Prime restaurants, opened during the period January 1, 2008 through December 31, 2008, will be added to the royalty pool (the "Royalty Pool") on which the Fund earns royalty revenue. The Royalty Pool will receive an estimated increase in net gross sales of $14.8 million annually, due to the addition of $26.2 million in estimated gross sales from the 12 new restaurants, less $11.4 million in actual gross sales from six closed or divested restaurants. The addition of these restaurants, after taking into account the closure or divestiture of the six Prime Restaurants during the year, will increase the total number of restaurants in the Royalty Pool to 161.
Annually on January 1st, the Royalty Pool is adjusted to include the gross sales from new Prime restaurants that have opened during the prior year, after deducting the gross sales from any Prime restaurants that permanently closed during the same time. In return for adding these net sales to the Royalty Pool, PRC receives the right to acquire indirectly additional Fund units (the "Additional Entitlement"). This Additional Entitlement is determined based on 92.5% of the royalty revenue added to the Royalty Pool divided by the annual yield of the Fund units. PRC receives 80% of the estimated Additional Entitlement initially, with the balance retained in escrow until the actual full-year performance of the new restaurants is known with certainty after year-end.
As a result of the January 1, 2009 contribution of the additional net $14.8 million sales to the Royalty Pool, PRC's Additional Entitlement will result in 394,686.3 Limited Voting units of the Fund (including those held in escrow) being issued to PRC.
Also, the January 1, 2008 addition of restaurants to the Royalty Pool has been finalized. The actual gross sales for the five new restaurants added to the Royalty Pool for the 52 weeks ended December 31, 2008 was approximately $11,080,574, for a net sales increase (net of gross sales from restaurants closed in the corresponding period) of $1,256,502 compared to the nil amount originally estimated. This resulted in PRC receiving a prior year entitlement of additional 33,487.2 Limited Voting units of the Fund as compared to nil Fund units originally estimated as of January 1, 2008.
PRC will have an entitlement to approximately 3,639,819.3 Fund units, representing 37.33% of the Fund units on a fully diluted basis on January 1, 2009.
About Prime Restaurants of Canada
PRC operates and franchises a diversified portfolio of leading brands of casual dining restaurants and premium pubs in Canada. As a pioneer in the Canadian casual dining industry since 1980, it is considered an important innovator in the development of strong brands, and today has three core brands: East Side Mario's, Casey's and Fionn MacCool's. PRC and its franchisees employ over 12,000 people across the country.
Prime Restaurants Royalty Income Fund (the Fund) is a limited purpose trust with an unlimited number of Trust Units (Units) established to invest in PRC Trademarks Inc. (TradeMarkCo). The source of revenue for the Fund is through its ownership in TradeMarkCo. The Fund receives interest income on the TradeMarkCo Note from TradeMarkCo based on 11.25% per annum which it distributes to its Unitholders. TradeMarkCo owns the Prime Restaurants of Canada Inc. (PRC) trademarks and licenses their use to PRC which operates the restaurant and bar business. In return, TradeMarkCo receives royalty income based on 3.25% of gross revenue from the royalty pooled restaurants operated by PRC.
Certain information included in this news release is forward looking and based on current expectations and entails various risks and uncertainties. Forward-looking statements may involve, but are not limited to, comments with respect to our objectives for 2009 and beyond, our strategies or future actions, and our targets or expectations for our financial performance and condition (including estimated revenue from royalty pooled restaurants and the prospective number of new restaurants and pubs). Although management of the Fund and PRC believe that the expectations represented in such forward looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.
By their nature, forward-looking statements require us to make assumptions (such as, on the demand for the goods and services provided under the Prime Marks) and are subject to inherent risks and uncertainties, including those discussed in the current annual information form of the Fund and annual and quarter MD&A of the Fund and PRC, which are available at www.sedar.com. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. We caution readers not to place undue reliance on our forward-looking statements because a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date hereof. Except as required by applicable securities laws, the Fund does not undertake to update any forward-looking statement, whether written or oral, that it may make or that may be made, from time to time, on its behalf.
Contacts:
Prime Restaurants of Canada Inc.
John Rothschild
Chairman and CEO
(905) 568-0000
Email: jrothschild@primerestaurants.com
Website: www.primerestaurants.ca
Prime Restaurants Royalty Income Fund
Douglas J. Black, Q.C.
Chairman of the Board of Trustees
(403) 268-6879
Email: doug.black@fmc-law.com
Website: www.primeincomefund.ca
SOURCE: Prime Restaurants Royalty Income Fund
mailto:jrothschild@primerestaurants.com
http://www.primerestaurants.ca
mailto:doug.black@fmc-law.com
http://www.primeincomefund.ca
newsss!!
i think everyone should look at this. those people on yahoo maybe on to something
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_B/threadview?m=tm&bn=75951&tid=33422&mid=33475&tof=10&rt=2&frt=2&off=1
I cant wait unil monday to get here already, this is going to kill me the rest of the weekend!!
Hopefully we get a pr that explains EVERYTHING that has been going on.
sundays going to be another night of no sleep haha
Theororetically yes. it might go sub penny. cause you take 0.033 and divid it by 4 nd get 0.00825 as a pps.
usually when a stock does a split it is because the stock is to expensive. when a split occurs it makes the price of the stock cheaper so more people can afford it. this might cause an increase of demand because now more people can afford it driving the price up again. But since this is a penny stock and not being able to afford shares is not the case there has to be something else in the works imo
well if its a 4:1 split. the shares you are buying after the split has taken place are going to be worth 4 times as less then if you bought them before hand.
if i have lets say 100,000 shares in my account. After im credited for the shares from the split i will then have 400,000 shares. They would be worth the same as a total but individual the shares are worth less
what i think might happen is that the dividend might be back dated to lets say 12/04, before the date of the stock split. this would give all sharholders of record the dividend they were promised in the beginning. On 12/05 the company would split the shares 4:1. i dont think this is some sort of trick because everyones shares are still worth the same as they were before the split. they will have more shares with a smaller pps. Since galos shares are restricted this would not help him or make him any richer. A stock for stock merger on the the other hand would benifit us all. this may be the reason for the split. We might be already be apart of galos next venture in acquiering another company.
what deos everyone else think?
i found two articles that could be of use
Stock Splits as a Manipulation Tool: Evidence from Mergers and Acquisitions
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1001243
This one you need to sign up to see:
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V87-3X3KBWS-2&_user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=6d65d079ed16f92a51b214b1c6bf1e2e
every trade this morning has been a buy so far. look!
http://ih.advfn.com/p.php?pid=trades&cb=1227630950&symbol=NO^BIHC&java_vm=sun&java_vm_ver=1.5.0_16&fp=9.0.124
I GOT THE DIVIDEND!!!!