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PayPro, Inc. announces NOBO review results. Oct 12, 2006 11:10:00 AM Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--
PayPro, Inc. (Pink Sheets:PYPR) CEO Mike Terrell stated, "After careful review of the NOBO and DTC lists we believe there is a major short position hurting our shareholders and the company. I have reported the Market Makers and brokers I believe to be illegally shorting our stock. The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
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BEST PART-------------The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
huge buys coming in, give it some time it will run hard imo; i mean just look at the pr i dont think it'll stay at these levels for too long
Posts: 4071 | Registered: Dec 2005
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quote:Originally posted by superman7: the market is horrible today, but this one is holding up...this new is awsome, and this should breakout after lunch imho
agreed i just added some this should go soon also take a look at MNCS look what they did to it! grabbed a few at 6.12
Posts: 2473 | Registered: May 2006
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"The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors."
Oh hell ya!
Posts: 712 | From: Pungo USA | Registered: Mar 2006
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quote:Originally posted by superman7: BEST PART-------------The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
The way I read this is that they may be considering a Reverse Split. Because of the wording. A reduction and a possible buyback. Could be either or, or just one of them. I could be reading too much into it but just thought I'd express what I read.
Don't read too much into my opinion.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by superman7: BEST PART-------------The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
The way I read this is that they may be considering a Reverse Split. Because of the wording. A reduction and a possible buyback. Could be either or, or just one of them. I could be reading too much into it but just thought I'd express what I read.
Don't read too much into my opinion.
GLTA Wally
in the pr they talk about a short problem how would a reverse split help in that case? i disagree
Posts: 2473 | Registered: May 2006
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quote:Originally posted by superman7: BEST PART-------------The Board of Directors is considering a reduction of the authorized and outstanding shares and a possible share buyback at this time to protect our investors. In our opinion there are certain Market Makers and brokers deliberately hurting our stock, and our investors, and to that end I have filed complaints with the NASD."
The way I read this is that they may be considering a Reverse Split. Because of the wording. A reduction and a possible buyback. Could be either or, or just one of them. I could be reading too much into it but just thought I'd express what I read.
Don't read too much into my opinion.
GLTA Wally
in the pr they talk about a short problem how would a reverse split help in that case? i disagree
I agree that a reverse split would not help but the only way to reduce the AS and OS other than a share buy back is a Reverse Split. I hope that they just weren't very clear in the writting of the PR but it's either one or the other.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by Fuzzy1018: .0018/.0019 all day today
and only 2 MM`s on the bid side and 6 on the ask side but only 2 of them are active! not looking good at all!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
I sold out to take some profit while I could. Good luck!
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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PayPro, Inc. ''Reduces Issued and Outstanding Shares by 2 Billion.''
DALLAS, Oct 16, 2006 (BUSINESS WIRE) -- Mike Terrell, CEO of PayPro, Inc. (Pink Sheets:PYPR) states: "I have immediately reduced the company's issued and outstanding by 2 billion shares. I have done this to preserve and increase our shareholder value as well as to help defeat the shorting of our stock."
Taking into account the restricted and closely held free trading shares, the current tradable float in our best estimation is approximately 500 - 700 million shares according to the recent NOBO and DTC listings. The current naked shorting of our company's stock will hopefully be addressed and corrected by the SEC, NASD, and DTCC. Numerous companies have increasingly had their shareholder value deflated by naked shorting of their securities.
Please review this presentation of naked shorting ("The Corruption of our Capital Markets") for a better understanding of the eroding of shareholder values across the world, http://www.businessjive.com/nss/darkside.html.
In addition to the reduction in outstanding shares and the Board of Director's ongoing discussions regarding a share buyback plan. The company has been diligently pursuing its business plan and to that end has a number of major announcements forthcoming. The significant progress the company has made over the past few months will both please the shareholders and add to the company's growing revenues.
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
SOURCE: PayPro, Inc.
CONTACT: PayPro Incorporated Mike Terrell, 214-774-4870
Copyright Business Wire 2006
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
excellent news. i have 400k at .0019 would be nice to see this move back up to .004 land please:)
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
PayPro, Inc. ''Reduces Issued and Outstanding Shares by 2 Billion.'' Oct 16, 2006 10:42:00 AM Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--
Mike Terrell, CEO of PayPro, Inc. (Pink Sheets:PYPR) states: "I have immediately reduced the company's issued and outstanding by 2 billion shares. I have done this to preserve and increase our shareholder value as well as to help defeat the shorting of our stock."
Taking into account the restricted and closely held free trading shares, the current tradable float in our best estimation is approximately 500 - 700 million shares according to the recent NOBO and DTC listings. The current naked shorting of our company's stock will hopefully be addressed and corrected by the SEC, NASD, and DTCC. Numerous companies have increasingly had their shareholder value deflated by naked shorting of their securities.
Please review this presentation of naked shorting ("The Corruption of our Capital Markets") for a better understanding of the eroding of shareholder values across the world, http://www.businessjive.com/nss/darkside.html.
In addition to the reduction in outstanding shares and the Board of Director's ongoing discussions regarding a share buyback plan. The company has been diligently pursuing its business plan and to that end has a number of major announcements forthcoming. The significant progress the company has made over the past few months will both please the shareholders and add to the company's growing revenues.
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Source: PayPro, Inc.
Posts: 2473 | Registered: May 2006
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