Sunday, February 01, 2004 5:13:09 AM
Pinky,GMDP,breaking ??
Checked out the 8-k ..I think I am right.. about GMDP share holders keeping there GMDP shares and getting New shars of redwood worth $0.013 !!!
Here is a part of it, but check it out for your self. See if you agree. If this is the case, then this would be a 165% yield to firdays closing price of $.008, at $.10 this would still be a 13% yield. Am I missing something? looking for opinions. Thanks
(From the 8-k filed on 1/20/04)
3. ESSENTIAL PURPOSE OF TRANSACTION. The essential purpose of the transaction set out in this Agreement is to accomplish the distribution of certain shares of Redwood by Global, in two classes of stock, namely: twelve percent (12%) of the Redwood Class A stock as a dividend to the preferred shareholders of Global, and fifteen percent (15%) of the Redwood Class B stock as a dividend to the common shareholders of Global (in accordance with procedures set out below in this Agreement), thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D000102%2Etxt&FilePath...
Checked out the 8-k ..I think I am right.. about GMDP share holders keeping there GMDP shares and getting New shars of redwood worth $0.013 !!!
Here is a part of it, but check it out for your self. See if you agree. If this is the case, then this would be a 165% yield to firdays closing price of $.008, at $.10 this would still be a 13% yield. Am I missing something? looking for opinions. Thanks
(From the 8-k filed on 1/20/04)
3. ESSENTIAL PURPOSE OF TRANSACTION. The essential purpose of the transaction set out in this Agreement is to accomplish the distribution of certain shares of Redwood by Global, in two classes of stock, namely: twelve percent (12%) of the Redwood Class A stock as a dividend to the preferred shareholders of Global, and fifteen percent (15%) of the Redwood Class B stock as a dividend to the common shareholders of Global (in accordance with procedures set out below in this Agreement), thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D04%2D000102%2Etxt&FilePath...
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