Mick,
Thanks for the new board and your
continued effort with this rollercoaster
ride we are on.
I posted yesterday on the SSTY board
asking for some clarification on the
end result of the corporate restructuring.
I retract my inaccurate posting about GSCI.
From the replies that were posted, I assume
the following:
1. SSTY will remain the "holding company" and
the existing outstanding shares will continue
to trade on the grays.
2. Owners of record will receive a dividend of
"restricted" ONTV shares on the 1/19 split,
based on a 2/1 split of ONTV making the settled
share price .36/2 = .18/ps. The symbol will change
from ONTV to TPDI at some point. TPDI will pay
royalty/licensing fees to SSTY per contract.
3. The merger/acquisition of Power Source and Globe
Staff has no bearing on any of the SSTY/ONTV/TPDI
transactions. No fantasy spinoff dividends, only
royalty/licensing fees paid to SSTY per contract.
In conclusion, SSTY will remain as is. ONTV will change
to TPDI at the end of the month and all dividend shares
issued to SSTY shareholders remain "restricted" for one (1)
year. Revenue to SSTY will come from TPDI and GSFC per
contracts.
If any of these assumptions are bogus, please advise.
Just trying to make sense out of all this.
Thanks,
Searay38
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