What this BD received on the stock
Subject: GLUV Corporation - Symbol GVRP
Date: 5/23/05 6:08:32 A.M. Pacific Daylight Time
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%&*son received the following communication from the referenced Issuer. We want to ensure that our Correspondents are aware of this situation. Please be sure to take appropriate measures with respect to your front-end trading platforms.
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.
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