Skeptical? Why? Are you insinuating they did something "shady" with that investment, and that it does not benefit GZ shareholders in "any" way? If that were the case, why would they mention it in a PR?
wick Thanks for the response - sorry I didn't get back to you, but night comes earlier heere than there.
As a reminder, I wrote a post about the fact that GZFX is quoted as already having 25% ownership. Heree are the posts:
starting with my post A reminder
"...Everard, an experienced TV producer and consultant who produced BBC's Talking Movies series, prepared the ground by securing an initial £1.1 million from US video games/DVD movies producer GameZnFlix. The American group, which has taken 25 per cent of London International, may invest up to another £13 million over the next year and Everard has not ruled out an eventual AIM float for London International if the project pays off...."
Notice the use of the present perfect: which HAS taken a 25 %.....
prof, what scares me in that paragraph is they refer to the money coming from gameznflix, but then call the investors an "American Group"....Gameznflix is not a group....it is a corporation....I am still very, very skeptical as to the GZFX stockholders' interest in LITV...
here’s what I have found early Saturday morning:
I (prof) searched the internet for combinations of the words “corporation” and “group” – actually, I searched for “American group”, but group would have had the same – or more – results. There are more hits than I care to read, but the one thing I came away with after reading many hits:
They refered to a corporation as a “group” when it had many sub-divisions within its corporation: A few quotes:
“…acquisition by Jacobs Engineering Inc, an American group of companies listed in New York,…
one more: “…Viking and owns 60% of Data Broadcasting Corporation, an American Group distributing information through TV and the Internet…” http://finance.yahoo.com/q/pr?s=PSON.L
this clearly puts the words corporation and group in the same sentence, with no problem about ownership disparity.
My guess – assuming that there is NO problem: they are calling GZFX an American Group because it has
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