posted
Let this be a lesson, always to keep at least a grand of cash loose in your account - in case an opportunity like this one ever comes around again. Posts: 274 | Registered: Jan 2004
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posted
You are definately right on that one. Keep posting nice stocks like this. I hope you sold with the 97% gain when the ask/bid gap closed.
quote:Originally posted by dazedtrader: Let this be a lesson, always to keep at least a grand of cash loose in your account - in case an opportunity like this one ever comes around again.
Ridgeland, MS, JAN 27, 2004 (EventX/Knobias.com via COMTEX) --
Exus Global, Inc (OTCBB: EXGL) in a PRE 14C filed today, reported that the Company intends to seek the written consent of a majority of stockholders, for the following purposes:
1. to effect a one-for-fifteen reverse stock split of the Company's common stock by reducing the number of issued and outstanding shares of Common Stock from 65,093,562 to approximately 4,339,571 shares;
2. to amend the Company's Articles of Incorporation to (i) authorize up to 20,000,000 shares of undesignated Preferred Stock, which would allow the Board of Directors of the Company to issue, without further shareholder action, one or more series of Preferred Stock, and (ii) authorize up to 900,000,000 shares of Common Stock and (iii) authorize the Board to effect a reverse split of the Company's Common Stock without having to correspondingly reduce the number of authorized shares of Common Stock;
3. to adopt the Company's 2004 Stock Option Plan, which provides for the issuance of options to purchase up to 25,000,000 shares of Common Stock; and
4. to approve the Company's sale of common stock at prices below net asset value per share.
This preliminary information is subject to regulatory approval.
How will this play out regarding the price?
Any thoughts?
PAUL
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
Ridgeland, MS, JAN 27, 2004 (EventX/Knobias.com via COMTEX) --
Exus Global, Inc (OTCBB: EXGL) in a PRE 14C filed today, reported that the Company intends to seek the written consent of a majority of stockholders, for the following purposes:
1. to effect a one-for-fifteen reverse stock split of the Company's common stock by reducing the number of issued and outstanding shares of Common Stock from 65,093,562 to approximately 4,339,571 shares;
2. to amend the Company's Articles of Incorporation to (i) authorize up to 20,000,000 shares of undesignated Preferred Stock, which would allow the Board of Directors of the Company to issue, without further shareholder action, one or more series of Preferred Stock, and (ii) authorize up to 900,000,000 shares of Common Stock and (iii) authorize the Board to effect a reverse split of the Company's Common Stock without having to correspondingly reduce the number of authorized shares of Common Stock;
3. to adopt the Company's 2004 Stock Option Plan, which provides for the issuance of options to purchase up to 25,000,000 shares of Common Stock; and
4. to approve the Company's sale of common stock at prices below net asset value per share.
This preliminary information is subject to regulatory approval.
How will this play out regarding the price?
Any thoughts?
PAUL
You're looking at a 15 to 1 reverse split. So 100,000 shares=6666.666 In penny world is that a good thing? I'm not sure, haven't seen too many reverses or studied the recent ones. Looks to be interesting to say the least. Might see a lot of people jump ship.
Ridgeland, MS, JAN 27, 2004 (EventX/Knobias.com via COMTEX) --
Exus Global, Inc (OTCBB: EXGL) in a PRE 14C filed today, reported that the Company intends to seek the written consent of a majority of stockholders, for the following purposes:
1. to effect a one-for-fifteen reverse stock split of the Company's common stock by reducing the number of issued and outstanding shares of Common Stock from 65,093,562 to approximately 4,339,571 shares;
2. to amend the Company's Articles of Incorporation to (i) authorize up to 20,000,000 shares of undesignated Preferred Stock, which would allow the Board of Directors of the Company to issue, without further shareholder action, one or more series of Preferred Stock, and (ii) authorize up to 900,000,000 shares of Common Stock and (iii) authorize the Board to effect a reverse split of the Company's Common Stock without having to correspondingly reduce the number of authorized shares of Common Stock;
3. to adopt the Company's 2004 Stock Option Plan, which provides for the issuance of options to purchase up to 25,000,000 shares of Common Stock; and
4. to approve the Company's sale of common stock at prices below net asset value per share.
This preliminary information is subject to regulatory approval.
How will this play out regarding the price?
Any thoughts?
PAUL
You're looking at a 15 to 1 reverse split. So 100,000 shares=6666.666 In penny world is that a good thing? I'm not sure, haven't seen too many reverses or studied the recent ones. Looks to be interesting to say the least. Might see a lot of people jump ship.
posted
Unfortunately RS are killing the price because after the change the price is going down approaching the original price pre-RS (but you have less shares)!!!!
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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posted
If this statement holds true in this case. It might be best to stay clear of it until AFTER the RS. Then when it dips back to original levels get in. This should allow you to get a greater value per share.
I will be watching. Thanks.
PAUL
quote:Originally posted by EverGreen: Unfortunately RS are killing the price because after the change the price is going down approaching the original price pre-RS (but you have less shares)!!!!
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
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