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Hey Matt
Either let me out or cancel my membership
Hey Matt - i just kidding around about the IP addy because everyone was using Paulie / Pauly / Paul Taylor's name in post after post.
It won't happen again
? Matt
What precisely did I violate?
The only post that I'm suspecting might be the cause is :
http://www.investorshub.com/boards/read_msg.asp?message_id=16168626
Thanks
Yea, your right. But its all Letter of intent right now so things can change before it closes.
How so softened? I'm trying to interpret this as best I can, with the tools I have available. Potentially there's some bank to be made here for the guys how can trade this based on just a bit more understanding than the average joe. Lets see if we figure it out.
thats how it reads eom
I'd love to hear the Brokers response
Thats assuming they don't have sufficient leverage to re short it to themselves. Think about it.
It would take me too long to type the "Text Book" of how shorts, banking institutions, brokerages will deal with the problem. Suffice to say they have the solution.
No, its says:
The HLC shareholders will receive one share of the Company's stock for each share of HLC stock currently held by such shareholder.
No mention of an exchange there
good - then what is your correct answer?
the Company will
I doubt it ;)
In a perfect world - thats true
I can recall that happening. But in the cases that I can recall it involved a 12G status and a bonafide merger where 2 publics merged and one was extinguished. The wildly short sold 'extinguished" entities equity WAS converted to the mergered entity and IT ROCKED!!!
indeed - Nakeds only exist in one place and only one group ever know the truth. In deals FAR LARGER than this that famous group have NEVER revealed
I feel that buckey eom
Shorted Shares that are naked don't exist do they?
Who covers the dividend on the shorted shares?
Rhetorical question
Correct assumption.
If you own one share of HVLN that was shorted to you, you receive the dividend.
good question; Nothing stops MMKR's making a market. CIRU will be shorted as a normal course of business if it suddenly becomes active from dormancy.
But your question says Shares of HVLN will be "converted" to CIRU --- LONGS will receive additional DIVIDEND's of CIRU based on their LONG position in HVLN. No 'CONVERSION" occurs unless HVLN is mergered and its Entity is extinguished along with its CUSIP, all common and preferred shares.
Are we in agreement that a Dividend can only be paid to LONG owned shares?
like I said - take care
You need to be very careful what you post from that IP address.
In a merger -yes thats true, but as an acquisition to a wholly owned subsiduary - the ENTITY that you own shares in is not extinguished. It continues to live. Therefore an EXCHANGE doesn't occur. A Dividend or payout in some form occurs.
You want to give me Investment banking lessons? thats so sweet.
Its not me you need to educate/.
two different DTC accounts (HVLN/AWYB & CIRU)
in an ACQUISITION they stay as two different accounts.
IN a completed MERGER they would be consolidated into one account as one of the equities is EXTINGUISHED!!!!!!
You guys have loads of information to process. Don't be jumping to conclusions.
What you got there? A NOBO fetish?
Well you may be right, but I wouldnt put anything but Las Vegas money on it.
Good luck
because its NOT a merger.
Acquisitions are NOT mergers
Mergers are NOT Acquisitions
good question.
The longs who bought the shares that allegedly where shorted to them should receive what ever dividend or payout that is due upon the dated effected date of the closing of this acquisition.
IT's an Acquisition!!!! NOT A MERGER or REVERSE MERGER, therefore no exchange & extinguishment occurs.
The more I think about it, the less likely a short needs to cover - moreover Shorty gets off TAX FREE and keeps his $$
This was a way around completing HVLN's 15c IMO.
BTW - stunning website http://www.cirilium.com/
This just got nice and interesting.
I'll speculate that treating HVLN as an "ACQUISITION" (not a merger or a reverse merger) with CIRU was a smart move. It certainly stops the 15c211 requirement for HVLN. That is an indication that GLEN and NASDAQ where struggling with the comments. No surprise there.
Question - is "as HVLN is an ACQUISITION" it could mean that HVLN as a trading pubco is totally kaput. It won't trade again??, its parent CIRU (a dormant shell with an old 15c211) becomes the equity currency for CIRU and its wholly owned subsiduary HVLN. AS LONG AS NASDAQ DOESN'T REQUIRE A REFILING OF CIRU's 15c211 - (btw - my bet is that NASDAQ will require an updated CIRU 15c - as it has been dormant a long time ______which is bad news)
Whoever had convertible notes or convertible debt in Donny's old deal has now got a new Public deal to pollute as long as the right legal opinions are in place, and I'm sure they are ;)
Shorted shares that had yet to cover in HVLN are possibly off the hook. I'll be interested in the logic of why a short sale in HVLN equals the need to cover in CIRU - highly implausable and suspect to lots of arbitrage interpretation.
Has the acquisition of HVLN by CIRU affected the majority controlling shareholders of CIRU? If so, the 15c211 trigger in CIRU will get pulled and CIRU will go gray as AWYB did after its fiasco merger with Harvard.
As for the poster leaking news of news "days" prior to actual news. SRO's are WATCHING and they aren't as dumb as the guys paying you - BE CAREFUL!!!!!!
Harvard Learning Centers, Inc. Announces Letter of Intent
Harvard Learning Centers, Inc. (PINKSHEETS: HVLN) ("HLC") announces today that it has signed a letter of intent to be acquired by Cirilium Holdings, Inc. (the "Company"). The Company is a Florida corporation trading on the NASDAQ Pink Sheets (PINKSHEETS: CIRU). Historically, the Company was in the telephony voice over IP business but has recently acted as the holding company for development stage businesses which could benefit from the management services of the Company.
We anticipate closing the transaction before the end of the month. This will give us time to complete our full due diligence before finalizing the transaction. Upon completion of the transaction, HLC will become a fully owned subsidiary of the Company. The HLC shareholders will receive one share of the Company's stock for each share of HLC stock currently held by such shareholder. We are particularly enthusiastic about this transaction because HLC will enjoy the benefits of being a member of the Cirilium family while maintaining its separate focus and identity. Because the Company will not interfere with the management and direction of HLC, HLC will continue to control its own destiny. The only distinction is that HLC will be a Cirilium company and the HLC shareholders will receive stock of the Company in exchange for their HLC shares.
Mr. Platten, CEO of Harvard Learning Centers, states, "We believe that this transaction will benefit both HLC and the Company. Our primary motivation has always been the well-being of our shareholders. This is why, as per our prior announcement, the share-for share dividend for owners of shares of HLC as of December 31, 2006 will be honored. We are thus particularly enthusiastic about the exchange of the HLC shares for shares of Cirilium Holdings, Inc. because, after the proposed transaction, the HLC shareholders will be the principal shareholders of the Company."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Source: Market Wire (January 11, 2007 - 1:26 PM EST)
News by QuoteMedia
www.quotemedia.com
Oh you are too funny dude
too funny. where's that wabbit?
Oh I know- know its another murder - I mean merger with another POS shell that has no liquidity.more paper more stock trix by amateur stock trixsters.
hows that ol' 15c211 going? given up already? after only 200 comments? that musta given the GleNN heartburn
so theres a squeeze here is there?
PROVE IT
SQUEEZE ME PLLLLLLLLLLLLLLEEEEEEEEEEEEAAAAAAAAAAAASSSSSSSSSSSSSEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!
lol.
and I thought you knew.
who are you calling pauly moron?
what a moronic thing to,, do i hope its fake eom
effing hilarous i can't begin to contain my hilarity
its so funny i thing i have to call it again yep
did it again these guys are so dumb they mooked up a mook to put the shell the market then the guvnor of the mook pumps his officerless old 144 to have a jolly xmas mooking up the busboy of his speakeasy as president. then when busboy mook feels the heat he does a quick about turn and runs putting mook 2 into play only this mook is so dumb he gives out the guvnors cell phone as a pr contact
did i miss anything important
how about a few effing links to the lawsuits filed damage?
how's that shipment of cruise missles coming/>
lol -- that;s a good one.maybe its a scam? nah