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Wrong type of coal knucklehead. What produces met cole, , used to make metal steel
Money is in the breeding for sure.
It can fetch serious cash if you have a winning horse.
That being said. This company cannot be expected to ever significantly increase share price without a long string of runners/assets / horses.
Valid point you have.
Wow pcfg is soaring!
What a debacle...
These guys are clowns and have left all shareholders leaderless.
Scam artist
Seems like embr is dead.
I took the 61million shares given for the 7 some odd million dollars owed.
$7, 000, 000 / 61, 000, 000 shares = .118 cents per share conversion rate
The shares convert to about. 118 cents per share.
On or before 2018. Must be converted by the 2018 date
Granted this is a penny stock/ pinky stinky and I never believe in the horse manure story lines
That being said, I believe I just doubled my money. I'm in at 0002 and my convertible preferred shares can be converted at .0004.
We'll see. I just have zero faith in pinks.
Mr. Wades email to me regarding split and preferred structure.
From Mr. Wade
It is a rather straight forward transaction ? I will try to clarify it and give the rationale behind it.? During drafting the Form 10 and going through the audit, we finalized the business plan and growth plan for the Company.? The Company estimates that we will need $1,600,000 to $3,600,000 over the next 24-36 months to fully build out our racing and breeding operations.? So based on a stock of $.0002, we are looking at 8 ? 18 billion shares; which is not feasible.? When we looked at a stock price of $.001 (a 500% increase from?today?s close) it would still be 1.6-3.6 billion shares.? We simply cannot support that with the current capital structure.? As such, it was determined that a reverse was inevitable.? We came to that conclusion over the weekend and decided it was best to disseminate the information Sunday night.? But, instead of just reversing the stock out we wanted to see if there was a way that the current shareholders could also partake in the growth of the Company as well instead of their current positions being reversed out.? So that?s how we came up with the Preferred Stock.?
?
The best way to understand the Preferred Stock is through an example.? Let?s assume on the record date you own 10,000,000 shares.? At?today?s stock price that would be $2,000.? After the reverse you would have 200 shares of common stock and would have received 4,000 shares of the Series B Preferred Stock.? The Preferred Stock would have a value of $4,000 instead of $2,000 (essentially equal to a stock price of $.0004today). When the Preferred Stock converts into Common Stock you would receive $4,000 worth of Common Stock.? So, assuming the stock price if $.20 on the date of conversion you would receive 20,000 shares of Common Stock at a price of $.20 which is $4,000.???
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Hopefully this clarifies everything.? If not please feel free to ask additional questions.
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Press Release;
Embarr Downs Announces Corporate Update
Font size: A | A | A
11:08 PM ET 9/22/13 | GlobeNewswire
Embarr Downs, Inc. (OTC: EMBR) annouces that today the company released a letter to shareholders from its Chief Executive Officer.
Dear Shareholder,
As you may or may not be aware, Embarr Downs, Inc. recently completed a reverse merger whereby the Company's name was changed from Globalgroup Investment Holdings to Embarr Downs and the Company's ticker was change from GIHI to EMBR. As part of the reverse merger, the Company began the process of filing a Form 10 with the United Stated Securities and Exchange Commission. The Company filed the Form 10 with the SEC on September 18, 2013. As part of the Form 10 process, the Company's management set forth its long term goals. While reviewing these long-term goals and the capital requirements for this growth, the Company determined that the current capital structure created by the previous management was not ideal. As part of this restructuring plan, the Company decided to change the current capital structure by reversing the Company's common stock by a ratio of 50,000 to 1 and to reduce the authorized number of common shares from 4.45 Billion to 500 Million. These steps were necessary for the company to establish a sustainable and defensible capital structure that will help give Embarr the long-term credibility needed in the market.
As part of the reverse split, the Company will issue to shareholders of record immediately prior to the reverse Series B Preferred Stock, with a face value of $1.00. Each shareholder shall receive 1 share of Series B Preferred Stock for each 2,500 common shares owned (for an effective price of $.0004 per common share or 100% increase from the closing market price on September 20, 2013). Any fractional shares shall be rounded up. For illustrative purposes only, the following table shows the number of shares a common stock holder would receive of our Series B Preferred Stock.
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Common Shares Owned Conversion Ratio Number of Preferred Shares 1,000,000 0.0004 400 2,500,000 0.0004 1,000 5,000,000 0.0004 2,000 7,500,000 0.0004 3,000 10,000,000 0.0004 4,000 15,000,000 0.0004 6,000 20,000,000 0.0004 8,000
The Preferred Stock shall be mandatorily converted by the Company no later that August 31, 2018. The conversion ratio shall be equal to $1.00 divided by the closing market price on the date of conversion.
For illustrative purposes only, the following table shows the number of shares of our common stock that a holder of our Series B Preferred Stock would receive upon conversion of one share of Series B Preferred Stock at various applicable market values for our common stock.
View data
Stated Value of Series B Preferred Market Value of Common Number of shares of Common Stock to Stock Stock be Issued $1.00 $0.05 20 $1.00 $0.10 10 $1.00 $0.15 7 $1.00 $0.20 5 $1.00 $0.25 4 $1.00 $0.30 3 $1.00 $0.35 3 $1.00 $0.40 3 $1.00 $0.45 2 $1.00 $0.50 2 $1.00 $0.75 1 $1.00 $1.00 1
Management has a long-range plan to build a company based on fundamentals and bring real value to our shareholders. We know many of you have heard this before and we do not expect anyone to take my word for it. But in the coming months, you will see that our actions will reflect our stated intentions.
We fully understand the frustration that our remaining shareholders may have with the change in direction, but it was inevitable because of the failed strategies of the past. In the coming months, the Company will endeavor to keep our shareholders informed of our progress in deploying the Company's business plan and strategies.
About Embarr Downs. The Company is engaged in the buying, selling and racing of thoroughbreds. The Company's focus is acquiring thoroughbreds that can race in the allowance and stakes level of thoroughbred racing; however, the Company will initially begin acquiring thoroughbreds in the claiming level of thoroughbred racing.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
CONTACT: Contacts:
Embarr Downs., Inc.
Joseph Wade
(949) 461-1471
info@embarrdowns.com
www.embarrdowns.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNDkzOTcjMjc2Mzc=
Come on, No way... No one else caught or read the PR!
Seems like EMBR stock price has effectively doubled to .0004 without a single share be traded.
Interesting news/PR
I would not hold your breath. I've sent multiple emails to steedley for information an update and receive no reply. Chances are the stock is totally dead
Q: Have you dug any test pits this year
A) No
My opinion; complete fools
Lowtrade, what the heck is going on with pcfg this am?
I'm in on reporting this to authorities.
Can someone post contact info or a direct link to report this activity?
11B eleven B.... this is 12B .... EMBR symbol change from GIHI.... new owners amd low float.... How copy ... over?
Lay out a simple chart. Mid june, mid aug and last 2 days have been large volume spikes. Everything else has been small retail runs here and there imo anyway. This is what we want... Large volume sustained. Shares changing hands " the big guys" before it kabooms. There is something going on behind the scenes...
Have you ever heard the term or phrase volume before price? Whether the big boards or otc markets. Volume always precedes price.
Also, learn to do basic charting. It will answer most of your questions that start out " why"
~
You know better than to neglect leaving details on EMBR.. Come on now!
Spill the beans bro!
EMBR, new symbol, new blood, low float.... Cha ching...
Lol. I purchased SIRI @ .27/ share.
Blindly may I add. Got involved because of Stern . I purchased a headset for my car and instantly fell in love when he left terrestrial radio.
Been holding since.
Ahahahaha....
Hoffman's are way more competent than the baboons running pcfg!
That's 100% fact!
Nice 12 month recovery. Doubled $ here.
Selling off today. It was a fun ride.
As if anyone here has a clue . No fault of our own of course. Everyones in the dark.
I'm Not only exciting from a compliance standpoint, but from the coal joint venture the are involved with.
Coal industry has been significantly sold off and under valued... But this is going to change as government and private industry realize coal is staying as a viable international energy source from electricity to gasoline conversion as seen in Brazil.
If NEWL ( speculative) pulls this joint venture off... They are going to do just fine...
With trials and some tribulations this could become a rags to riches story.
GO NEWL!
At this point , there are folks claiming to be filing complaints to sec and fbi. If one of them shut pcfg your money is gone anyway.
At least a lawsuit can bankrupt them and force a sale... And officially close them down
I keep hearing about some members reporting to the SEC and FBI on pcfg actions... What kind of info are you giving them?
Also, in conjunction with the sec and fbi complaints... How hard would it be to file a class action lawsuit against pcfg and the management?
Perhaps collectively shareholders can force a sale and recoup losses through a lawsuit?
I dunno... I'm not that smart... As seen by my involvement with this company
Day traders... I assume You mean?
In my opinion, it's the best question yet!
Question:
Since you have proven ineffective as managers and gold miners, will you consider selling in an effort to recoup shareholder losses?
If not , why?
I'm not saying your incorrect at all. What I was referring to was fact. What spelled out is exactly what an RS is. It simply modifies your holdings.
Now there are good splits like Priceline.com 1:13 RS , C 1:10 RS and there are of course bad RS's.
It still does not dismiss the fact that it simply modifies the share structure. No question there is bad sentiment after an RS, but some good does come out of them for some company's.
Not saying NEWL is or will RS or if they do it will be good or bad. It is what it is.
Form 20-F is an SEC filing submitted to the US Securities and Exchange Commission used by certain foreign private issuers to provide information.
I believe it provides an apple to apples comparison.... Takes foreign financial reports and translates them to U.S. reporting financials
It's a long shot without am RS.
The same case can be argued by NEWL lawyers. An RS will make the company more attractive and skirt away day traders and also allow for MF's to purchase for their portfolios. Many have a $5 minimum.
Also it can be argued that an RS does not change your holdings it only modifies your holdings. If you hold 10 shares at $10 each and there is an RS for 1:10. You know have 1 share worth $100.
Look back a few years ago with C (citigroup).
BLUG = Smoke and Mirrors.
Nothing more nothing less!
SCAM
Wheeeeeee
Good research. 1B with 795m is peanuts.
Oh and forgot to mention ... The dark side can send a stock from .0002 to .02 at will. Depends on their talent level:)
I'm shocked they haven't yet sold pcfg as a shell ! It's coming though.