Replies to post #25228 on Globe Photos Inc (fka GBPT)

[badge0913]

I didn't think listening to shareholders was a bad thing, to me it's a responsible move. The bashing is getting old !!

[Capt Bob]

Sound farmiliar????

[pick]

I haven't read all of the posts about this, but I see the 1:4 divvy as good news.

They are trying to work a deal with a2a that benefits the PTEL shareholders. The problem was that the a2a shares trade on a market to which many PTEL investors have no access.

So. It strikes me that PTEL has still worked their deal with a2a, and instead of the PTEL shareholders getting stock in another company that we really can't trade, we get a dividend.

I think the real question to be asked is this; who now gets the a2a shares? My guess is that PTEL would own and vote those shares, making a2a a partly or wholly owned subsidiary of PTEL. That adds value to PTEL, because a2a's bottom line would then go to PTEL, not any of the individual PTEL shareholders, be it Dave Morton or Phil Evans or Jonathan Bryant or Lem or Purple or BV or me.

In the meantime, all of the PTEL shareholders get a 25% stock dividend - does anyone know what the tax rules are on that?

(I think to qualify for special reduced tax treatment, you have to own the shares of stock for 60 days out of the 120 days before and after the dividend is paid. PLEASE: correct me if I'm wrong.)

I think this is a good thing - the shareholders get a benefit, we can freely trade the shares, the deal gets done, and PTEL's bottom line is enhanced by the a2a revenues.......