klce,
I got this from My Track tonight. It's pretty much what the brokers have been saying. Sunday's PR seems to have shook them all up.
Dear Customer,
I am writing in response to your e-mail regarding GVRP.
Due to the events surrounding this split, which is explained
in the article below, our clearing firm has not received the payout
of the split shares. In addition, our clearing is not allowing any
transactions in this security to be made. I apologize for any inconvenience
this may have caused you, if you have any questions or comments
regarding this matter, please contact our compliance department
at compliance@trackdata.com
Respectfully,
Rodger Neblett
Purchases & Sales
GLUV Corp Seeks Trading Halt
Sunday May 22, 4:56 pm ET
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 22, 2005--URGENT: GLUV Corp.
(Pink Sheets: GVRP.PK - News) announced today that it has recently come to
the Company's attention that 3 million shares of the Company's common stock
were issued prior to the dividend payment date. According to the company, it
appears that an unknown number of those shares have been improperly traded
in the marketplace throughout the last few days.
The Board of Directors of the Company had voted that each shareholder
holding shares on May 13, 2005, was entitled to a dividend payable in common
shares of the Company at a ratio of 3 million shares for every 1 common
share held on such date. However, at least 3 million of such shares appear
to have been distributed prior to the payment date. The Company is
investigating the reasons behind the distribution of these shares; however,
it has reached out to the SEC seeking a halt on the trading of the Company's
shares. No such shares should trade until further notice by the Company in
order to determine the extent of the problem. The Company has commenced an
internal investigation into this matter and fully intends to cooperate with
regulators in resolving the situation.
DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE.
AI
