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rocky301

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rocky301

Re: supervalue post# 350

Tuesday, 04/13/2004 4:51:23 PM

Tuesday, April 13, 2004 4:51:23 PM

Post# of 157299
supervalue,
The last available filing was 9-30-03(3rd qtr) it shows about 81MM in revenues for 9 months ending in September with a net loss of 4MM. The real kicker is posted below and is the cause of it's drop from 24 cents to under 4 cents...

"On December 31, 2003, holders of a majority of the voting capital stock of our company, GlobalNet Corporation, acted by written consent in lieu of a special meeting of shareholders to adopt amendments to our articles of incorporation to increase the number of shares of common stock which we are authorized to issue from one billion shares to 20 billion shares. "
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001013762%252D04...


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