posted
PSPJ breakout on oversold and news confirmation of share structure. Also 1:10 dividend scheduled for holders of 9/28 SPP Holdings, Inc. Announced Instructions to Stop the Transfer of Certain Shares of the Company's Common Stock Sep 24, 2007 9:00:00 AM LAS VEGAS, NV -- (MARKET WIRE) -- 09/24/07 -- PSPP Holdings, Inc. (OTCBB: PSPJ) announced today that last week it instructed the Depository Trust Company (DTC) to stop the transfer of certain shares of the Company's common stock held in the names of affiliates and related parties. In addition, the Company instructed its Transfer Agent, PacWest Transfer, LLC, to freeze all shares also held by these affiliates. In response to our request DTC and PacWest have segregated these shares and they may no longer be presented for transfer.
The Company has taken this extraordinary measure because it believes that prior management allowed the removal of the restrictive legend from affiliate shares and that the removal of such legend was in violation of applicable SEC Rules and Regulations. "We have taken a large hit in the market in the past few weeks and believe it is because a large number of these shares were sold subsequent to the legend's removal," stated the Company's new CEO and Chairman Larry Wilcox. "We are doing everything we can to stop this activity and assure our shareholders of fair trading."
The Company also notes that nearly 15 million shares have been traded since it filed Form 8-K stating that it had reason to believe that certain affiliates or former affiliates of the Company may have sold shares of the Company's common stock in a manner that did not comply with the registration requirements of the Securities Act of 1933 and failed to file with the Securities and Exchange Commission all reports relating to such stock sales, as required by the Securities Exchange Act of 1934.
The Company continues to investigate this matter and has hired the new counsel to help with its investigation. Shareholders who would like additional information or who question the validity of their shares are urged to contact the company via email at ir*eluxefinancial.com.
Posts: 660 | From: california | Registered: Nov 2005
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posted
Indeed it does. I got in last week at .10 How nice would it be to see it close at or above .13 today?
Posts: 8 | Registered: Sep 2007
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posted
Looks like .13 is the next resistance then .16 but if there is a short squeeze in progress could go much higher.
Posts: 660 | From: california | Registered: Nov 2005
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posted
Should get very interesting here this week with management putting the squeeze on the TA and divy coming up this friday 1:10
Posts: 660 | From: california | Registered: Nov 2005
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posted
Let's see if we get a continuation today. My guess is there is much more to come with all those shares that were dumped from the .60 cent level we should gradually get back to higher levels .16, 25 being the 2 major resistance points. Hopefully, there will be a gap this am over the .16 and some consolidation then higher today and this week.
Posts: 660 | From: california | Registered: Nov 2005
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posted
PSPP Holdings, Inc. Expands Internationally to Mexico Tuesday September 25, 9:00 am ET
United States, Africa, and Now Mexico
LAS VEGAS, NV--(MARKET WIRE)--Sep 25, 2007 -- PSPP Holdings, Inc. (OTC BB:PSPJ.OB - News) reports that they have strategically aligned with an MSB (Money Service Business) provider whereby they will now be able to offer wire transfer and debit card offerings to Mexico. The LAC (Latin America and Caribbean) remittance market has been quoted to be $54 Billion and is a significant international business marketplace. PSPP Chairman Larry Wilcox states that this is another international milestone to our Virtual Banking platform and brings us front and center with regulatory and compliance with respect to money transfers for Mexico. As we implement this strategic program, PSPP and our partners will then offer banks and credit unions the ability to process international card transactions, mobile banking and loyalty programs. By creating a network of countries and a network of currencies we are completing our International vision of Virtual Banking. PSPP Holdings is proud to announce that we are now in the United States, Africa, and Mexico.
ADVERTISEMENT click here Remittance data worldwide have historically been of poor quality and grossly underestimated migrant transfers for years. The benefits of remittances are profound. Studies have shown that migrants' transfers home reduce poverty, increase investment in children's schooling, boost health spending, finance small businesses and increase access to financial services. A global effort to standardize the definition and measurement of remittances is currently under way, led by a group of multinational institutions, including the World Bank and International Monetary Fund. Better data will facilitate cross-country comparisons of remittances. Remittance ranks 3rd in Foreign Exchange in Mexico and remittance have had a 15-20% growth rate. The Southwest Economy published by the Federal Reserve Bank states that the purchasing power of Latin immigrants is estimated to be more than $500 Billion while 10% of those earnings are sent home.
Mr. Wilcox goes on to state, "How do we give more remittance recipients and their families access to the financial systems in order to provide them increased options to use their money? Significant amounts of immigrants still feel disenfranchised from the banking systems partly due to a lack of appropriate products. PSPP will provide an array of products from Payroll cards, benefits, mobile banking, and loyalty and make virtual banking efficient and accommodating."
About PSPP Holdings, Inc.
PSPP Holdings, Inc., headquartered in Las Vegas, Nevada, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions.
Safe Harbor Statement:
Under the Private securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements, including all statements regarding paying a stock dividend, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Contact: PSPP Holdings, Inc. 800-504-5844
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Something smells here...the ask has been getting smacked all day...yet the pps keeps getting lower. Either dilution or mm's are shorting the hell out of it...
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
Looks to me like the gap has been filled. All the selling on tuesday was in my opinion mm's being short those 7M or so shares that were aquired illegally and accumulating at low pps. If this is the case the covering by them should be a lot of fun for current holders. Today should be very interesting. good luck
Posts: 660 | From: california | Registered: Nov 2005
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posted
I thought the selling was over but looks like someone is still manipulating this one. Upside down at this point but still believe there is big upside so going to be patient here and ride it out for bigger gains.
Posts: 660 | From: california | Registered: Nov 2005
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posted
This from another board fwiw. There could very well be a short squeeze today if in fact there are illicit shares being traded in the past few days:
Subj: RE: Concerned Shareholder about current stock price Date: 9/27/2007 1:23:53 PM Eastern Standard Time From: ir*eluxefinancial.com
Thank you for your enquiry.
The company is doing everything within its power to remove these shares from the system and is aware of the recent activity.
The company will release a statement this afternoon as it pertains to the dividends and the effects the freeze has on this. Let me tell you now, though, that you will receive the dividend as promised.
PSPP Investor Relations
From: xxxxxx*aol.com [mailto:xxxxxx*aol.com] Sent: Wednesday, September 26, 2007 5:13 PM To: ir*eluxefinancial.com Subject: Concerned Shareholder about current stock price
Hello,
I am a concerned share holder, and I read the press release the other day with a sigh of relief. However, there still seems to be some unwarranted selling going on and some are questioning whether or not the dividend is even going to go through.
Can you possibly look into the selling a little deeper? And also preferably confirm to me that the dividend is going to share holders that are shareholders as of the 28th?
Thank you for your time, and any and all information regarding this matter is highly appreciatedr a pr this am about the dividend.
Posts: 660 | From: california | Registered: Nov 2005
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posted
PSPP Holdings Announces Change to Dividend Date 12:38 PM EDT September 28, 2007 LAS VEGAS, NV -- (MARKET WIRE) -- 09/28/07 -- PSPP Holdings, Inc. (OTCBB: PSPJ) announced today that is has changed the Record Date for its dividend from September 28, 2007 to October 12, 2007 in order to accommodate NASDAQ Market Operations.
All Shareholders of record on October 12 will receive the dividend, which will now be distributed on November 9, 2007. Further, Shareholders will not have to surrender their certificates nor fill out any form to receive their dividend.
Shareholders who presently hold paper certificates will receive their dividend certificate from the Transfer Agent, via mail and those who deposited their share with their broker(s), or who have purchased shares in the open market, should see their dividend deposited in to their brokerage account electronically.
The dividend, as announced before, will be a 10% dividend, with no fractional shares. Shareholders, for example, who hold 524 shares, will receive 52 dividend shares while Shareholders who own 525 shares will receive 53 dividend shares.
The Company would also like inform its Shareholders that it has identified and provided to the clearing houses and brokerage firms a list of individuals and their assigns that are considered Affiliates of the Company in order to ensure that these individuals' shares are properly legended and do not further flood the market.
About PSPP Holdings, Inc.
PSPP Holdings, Inc., headquartered in Las Vegas, Nevada, is a financial services company that is establishing an international banking network to facilitate electronic remittance, Mobile Banking, e-benefits, and stored value and pre-paid card solutions.
Safe Harbor Statement:
Under the Private securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements, including all statements regarding paying a stock dividend, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: PSPP Holdings, Inc. 800-504-5844
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;) Posts: 936 | From: Virginia | Registered: Aug 2007
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-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;) Posts: 936 | From: Virginia | Registered: Aug 2007
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posted
I was really hoping for a .07+ eod which would have made a great looking chart for a pop still think this one has a lot left but puzzled at the selling or stagnancy. The forward looking event (1:10 divy) being pushed up took some of the urgency out of it and may trade sideways with some nice pops here and there .... The volume tells me some selling still going on. When this one goes it goes big so still holding. good luck
Posts: 660 | From: california | Registered: Nov 2005
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posted
Today should be interesting with the new sec rule regarding the sho list and pps friday trying to breakout... watching this one
Posts: 660 | From: california | Registered: Nov 2005
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