Thursday, April 12, 2007 7:38:44 AM
OT: OR NOT !! Silver Screens Studios: Update Regarding Adoption of Shareholders Integrity Plan to Address its Capital Structure and NOBO Evaluation and Makes Plans to Migrate to NASDAQ Small Cap Market
Counterfeit Share Issue, Dividend and Acquisition Strategy
Oct 23, 2006 12:41:00 PM
Copyright Business Wire 2006
ATLANTA--(BUSINESS WIRE)--
Silver Screen Studios, Inc. (OTCBB: SSSU), http://finance.yahoo.com/q?d=v1&s=sssu.ob implements Shareholders Integrity Plan to address share imbalance, updates facts regarding trading in the company shares by TD Ameritrade and moves ahead with first acquisition and Reg. E Funds.
TD Ameritrade Facts:
According to the NOBO list SSSU has 770 account holders at TD Ameritrade who have been prevented buying shares in the company. We are in the process of determining the number of shares contained in those accounts.
Facts:
1. The purchase restriction was placed on the company's shares by TD Ameritrade after we announced we were requesting a NOBO list and suspected failure to deliver positions in our shares.
2. On July 14, 2006 a day in which we traded 122 million shares, TD Ameritrade would not allow trading on their platform for 2 hours.
3. A new Market Maker SBSH has recently entered trading in our shares since we requested the NOBO list. According to www.OTCBB.com SBSH is Citigroup Global Markets, a joint venture partner with the DTCC, http://www.dtcc.com/PressRoom/2006/managed_accounts.html, http://www.dtcc.com/Publications/dtcc/sept06/dtcc_partners_with _citigroup.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SSSU Strategy Concerning Counterfeit Shares:
The company is discussing its strategy with legal counsel, investment banking counsel and will have a plan in effect to address counterfeit shares, failure to delivery positions, and any short selling of its shares later this week.
Phase I of the Shareholders Integrity Plan.
The SIP's implementation is proceeding ahead with a planned acquisition of a real estate franchising company for distressed assets as well as a commercial mortgage company for financing of the assets.
Reg. E Funding of Acquisition.
Our first Reg. E Fund will make the initial investment in the franchising and mortgage company. We are negotiating terms for initial investments in the fund.
We plan to have definitive contracts in place this week for the closing of the acquisitions and the planned spin out of shares to our shareholders.
Implementation of Acquisition and SIP:
The management of SSSU has accessed a shareholders list as of 10-11-2006. This list was compared to the NOBO list as of 10-11-2006. The shares in excess of the official total as compiled by the transfer agent will be deemed "counterfeit shares," see http://www.bdcjournal.com/currentissue.pdf, and pages 10-12 on the issue of counterfeit shares.
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a failure to deliver share; each failure to deliver share outstanding of SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows:
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.052 multiplied by 7.77 multiplied by the number of days the failure to deliver position has been open.
(iii) There are currently 102,767,486 shares unaccounted for.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. We are working out the details of a dividend valued in the range of $0.05-$0.12 per share.
Summary:
The SIP will have no effect on our current shareholders. The SIP will affect the imbalance in shares that have failed to be delivered and remain open. We are proceeding with actions deemed necessary to protect the shareholder base and structure our company for growth.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Silver Screen Studios, Inc.
----------------------------------------------
Silver Screen Studios
Inc.
Atlanta
Barry Thomas
404-255-0400
sssu*mindspring.com
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/8/t/024606/p/5.htm...?
Counterfeit Share Issue, Dividend and Acquisition Strategy
Oct 23, 2006 12:41:00 PM
Copyright Business Wire 2006
ATLANTA--(BUSINESS WIRE)--
Silver Screen Studios, Inc. (OTCBB: SSSU), http://finance.yahoo.com/q?d=v1&s=sssu.ob implements Shareholders Integrity Plan to address share imbalance, updates facts regarding trading in the company shares by TD Ameritrade and moves ahead with first acquisition and Reg. E Funds.
TD Ameritrade Facts:
According to the NOBO list SSSU has 770 account holders at TD Ameritrade who have been prevented buying shares in the company. We are in the process of determining the number of shares contained in those accounts.
Facts:
1. The purchase restriction was placed on the company's shares by TD Ameritrade after we announced we were requesting a NOBO list and suspected failure to deliver positions in our shares.
2. On July 14, 2006 a day in which we traded 122 million shares, TD Ameritrade would not allow trading on their platform for 2 hours.
3. A new Market Maker SBSH has recently entered trading in our shares since we requested the NOBO list. According to www.OTCBB.com SBSH is Citigroup Global Markets, a joint venture partner with the DTCC, http://www.dtcc.com/PressRoom/2006/managed_accounts.html, http://www.dtcc.com/Publications/dtcc/sept06/dtcc_partners_with _citigroup.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SSSU Strategy Concerning Counterfeit Shares:
The company is discussing its strategy with legal counsel, investment banking counsel and will have a plan in effect to address counterfeit shares, failure to delivery positions, and any short selling of its shares later this week.
Phase I of the Shareholders Integrity Plan.
The SIP's implementation is proceeding ahead with a planned acquisition of a real estate franchising company for distressed assets as well as a commercial mortgage company for financing of the assets.
Reg. E Funding of Acquisition.
Our first Reg. E Fund will make the initial investment in the franchising and mortgage company. We are negotiating terms for initial investments in the fund.
We plan to have definitive contracts in place this week for the closing of the acquisitions and the planned spin out of shares to our shareholders.
Implementation of Acquisition and SIP:
The management of SSSU has accessed a shareholders list as of 10-11-2006. This list was compared to the NOBO list as of 10-11-2006. The shares in excess of the official total as compiled by the transfer agent will be deemed "counterfeit shares," see http://www.bdcjournal.com/currentissue.pdf, and pages 10-12 on the issue of counterfeit shares.
Counterfeit Shares:
Any position deemed counterfeit will be deemed to be short a failure to deliver share; each failure to deliver share outstanding of SSSU shall be deemed liable as follows:
Counterfeit Shares Liability:
Each counterfeit share shall be liable to SSSU as follows:
(i) $1.00 per share in cash; plus
(ii) The 52 week high of $.052 multiplied by 7.77 multiplied by the number of days the failure to deliver position has been open.
(iii) There are currently 102,767,486 shares unaccounted for.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. We are working out the details of a dividend valued in the range of $0.05-$0.12 per share.
Summary:
The SIP will have no effect on our current shareholders. The SIP will affect the imbalance in shares that have failed to be delivered and remain open. We are proceeding with actions deemed necessary to protect the shareholder base and structure our company for growth.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Silver Screen Studios, Inc.
----------------------------------------------
Silver Screen Studios
Inc.
Atlanta
Barry Thomas
404-255-0400
sssu*mindspring.com
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/8/t/024606/p/5.htm...?
i ask for a sign the other nite
Cody, In memory of Nikki' RIP 01/10/96 - 09/5/08
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