3million O/S around 500k float shell priced only at .03
It appears theres a $2.00 IPO for this company on july 3rd, I have absolutely no idea what this does for the company and share price or how it works, just thought it was really really interesting. Bought 20k shares for fun
posted
No Stock I dont BUT I have allllll weekend to find out. lol. I hate being away from home but it does give me time to research AND it gives my beautiful bride time to add to her honey do list. Have a great weekend. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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posted
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Mississauga, Ontario - June 25, 2007 - Genesis Worldwide Inc. ("Genesis" or the "Company"), announced today that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with its initial public offering of 10,000,000 common shares at a price of $2.00 (£0.94) per share. The offering is being underwritten by a syndicate of underwriters led by Canaccord Adams, including CIBC World Markets Inc. and TD Securities Inc. In addition, the underwriters have been granted an option to purchase up to an additional 1,500,000 common shares at a price of $2.00 per share at any time within 30 days of the closing of the offering.
The Company has applied and has received conditional listing approval to list its common shares on the Toronto Stock Exchange. It has also applied for its common shares to be admitted to trading on the AIM Market of the London Stock Exchange.
*It is expected that the offering will close on or about July 3, 2007, and is subject to customary closing conditions.
~The common shares to be issued pursuant to this proposed offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. Accordingly, this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or same would be unlawful prior to qualification under the securities laws of any such jurisdiction.~
quote:Originally posted by Wit: NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Mississauga, Ontario - June 25, 2007 - Genesis Worldwide Inc. ("Genesis" or the "Company"), announced today that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with its initial public offering of 10,000,000 common shares at a price of $2.00 (£0.94) per share. The offering is being underwritten by a syndicate of underwriters led by Canaccord Adams, including CIBC World Markets Inc. and TD Securities Inc. In addition, the underwriters have been granted an option to purchase up to an additional 1,500,000 common shares at a price of $2.00 per share at any time within 30 days of the closing of the offering.
The Company has applied and has received conditional listing approval to list its common shares on the Toronto Stock Exchange. It has also applied for its common shares to be admitted to trading on the AIM Market of the London Stock Exchange.
*It is expected that the offering will close on or about July 3, 2007, and is subject to customary closing conditions.
~The common shares to be issued pursuant to this proposed offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. Accordingly, this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or same would be unlawful prior to qualification under the securities laws of any such jurisdiction.~
So how would that work. Say I bought like 1k shares monday morning, would they then be transferred to the TSX or the AIM exchanges automatically or something?
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quote:Originally posted by tmanfromtexas: No Stock I dont BUT I have allllll weekend to find out. lol. I hate being away from home but it does give me time to research AND it gives my beautiful bride time to add to her honey do list. Have a great weekend. TMAN...
lol find anything interesting? Something is up with this play, wonder if a short squeeze may commence soon.
-------------------- Disclaimer: Not accountable for anything I say
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posted
Not anything I can put my finger on. This may be just like any other company that opens up on a new exchange whether its AIM Toronto or Frankfurt. They are just issuing new shares to be sold but not in the US. The thing that I cant figure out is that if this company went bankrupt in 2001 why isnt the stock trading with a Q. I havent found a final disposition of the BK. IF there is one then this may run like a scared rabbit because the stock is clean and not part of the old company. Either way good luck. I will watching early in the AM. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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posted
Note=9-01 company & ten of its subsidiaries filed petitions under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Ohio. 11-01 Bankruptcy Court approved the sale of substantially all the domestic operating assets & businesses of the company & its subsidiaries to Genesis Worldwide II, Inc., an unrelated party
-------------------- Disclaimer: Not accountable for anything I say
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Business Name Charter / Registration Number Type Original Filing Date Status Expiration Date Location / County / State Agent / Contact Info Business Filing Info Prior Business Name Info
GENESIS WORLDWIDE INC. 38523 Corporation For Profit Jun 24 1909
National City Bank sold the shares on Dec 31, 06 according to the filing, there was nil volume on this issue for the week before and week after, they must have sold the shares to a private party, prolly a r/m going on in the background...
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Spoke to atty handling tail end of GWOW bankruptcy filed in 2001, dismissal finally coming for case very soon.
Yes, there is interest in the shell remaining, he would not tell me who was interested or go into any detail.
It is notable that National City Bank (Ohio) did indeed sell thier 5% interest (about 198k) at the end of '06 and filed that sale with the SEC in Feb 07.
Interestingly, the shares did not show up in the volume pre or post transaction date reported to the SEC, one can only surmise that they were sold to a private party in a off market transaction, that in itself is eye opening. I have a call into National City legal department to see If I am lucky enough to glean out anything from them on that filing and attempt to determine to whom the shares were sold.
The atty also advised that the former officers and directors owned nearly the entire outstanding shares save a few, that would account for the volatility in this issue, I would guess the float to be 500k at most.
This one may get real interesting here folks, good luck and health to all. -------------------------------------------------
-------------------- Disclaimer: Not accountable for anything I say
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quote:RE: GWOW some US news services seem to have missed this bold line in Genesis Worldwide's news release and have confused the Canadian company with the shell company trading on the Pinks.
Genesis Worldwide Inc. Files Final Prospectus For Initial Public Offering Of Common Shares
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES
Mississauga, Ontario - June 25, 2007 - Genesis Worldwide Inc. ("Genesis" or the "Company"), announced today that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with its initial public offering of 10,000,000 common shares at a price of $2.00 (£0.94) per share. The offering is being underwritten by a syndicate of underwriters led by Canaccord Adams, including CIBC World Markets Inc. and TD Securities Inc. In addition, the underwriters have been granted an option to purchase up to an additional 1,500,000 common shares at a price of $2.00 per share at any time within 30 days of the closing of the offering. {PR continues, already posted here}
could be a geek play, if folks think GWOW is the Canadian company, though...worth watching
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Yes, should be very interesting...volume and price is way up lately....proof is there that this only has 3.8 million O/S with that institutional sell filing, and there was no volume to show the shares sold, something seems to definitely be going on behind the scenes. Wish I could get more info on this one.
-------------------- Disclaimer: Not accountable for anything I say
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posted
So not exactly following, you believe that these old shares will be canceled, or primarily the shell still exists and its just a mix up between canadian and us shell company..gotta wonder why volume/price has been up lately though, especially where did national city corp sell their shares to?
-------------------- Disclaimer: Not accountable for anything I say
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posted
Agreed...but I'm not convinced this "news" was the reason this has moved up on stronger volume. You cant find this PR connected anywhere to GWOW except on pinksheet.com news...many traders havent seen it IMO. The real question is if something is going behind the scenes shortly with R/M for the shell? I'm intrigued on where the volume was to show that national city corp sold.
-------------------- Disclaimer: Not accountable for anything I say
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bigcharts shows more volume in May than in June, and actually hit 52-week high in May (.09); some other spikes on thin volume suggest it's been getting groped.
I would make some calls and try to confirm any relation between principals... I won't be here tomorrow, but will check in to a local broker and maybe place a phone trade if it's rolling...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
it does appear to me based on volume from this year that something is going behind the scenes, and something favorable. I guess we will wait and see, but this stock was dead for 5 years and now life has come back, i think something is up.
posted
I looked into this once I saw the thread but didn't buy any. Not clear enough for me,...
Something could be up but, it isn't really clear what's happening with this one, at least to me. That's why I posted that info a few posts up. I thought it was worth mentioning to some who had more time than I this weekend for DD.
By the looks of the pps so far today, it appears that many 'misread' a few things.
I guess if anyone wants in, 'now's a good time', but I'll just watch for now,....
-------------------- ~You aren't wealthy until you have something money can't buy.~
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quote:Originally posted by tmanfromtexas: Not anything I can put my finger on. This may be just like any other company that opens up on a new exchange whether its AIM Toronto or Frankfurt. They are just issuing new shares to be sold but not in the US. The thing that I cant figure out is that if this company went bankrupt in 2001 why isnt the stock trading with a Q. I havent found a final disposition of the BK. IF there is one then this may run like a scared rabbit because the stock is clean and not part of the old company. Either way good luck. I will watching early in the AM. TMAN...
AAAAAAAAAACCCCCCCHHHHHHBHUBOOOOOOOOOOOOOOO.
-------------------- If ignorance is bliss, why aren't more people happy?
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