pretty much means they are taking 24,399,086 shares from the treasury and making them available for SOME purpose...could be to sell, use to buy soemthing,incentives for employees, or collateral on a loan... they have to pay a registration fee of 401$ to do this...
Posted by GHOST on :
Glassman: Did you read the whole thing? Is this good news or bad? The price has been going up in the right direction lately!
What You Will Receive in the Merger - Treatment of Stock, Options and Warrants
At the effective time of the merger, each issued and outstanding share of Bingo Florida capital stock will be converted into one common share of Bingo Anguilla in accordance with the terms of the merger agreement.
Bingo Anguilla will assume each option or warrant to acquire Bingo Florida common stock granted under Bingo Florida's stock plans or otherwise issued by Bingo Florida and that is outstanding and unexercised immediately prior to the effective time of the merger. At the effective time of the merger, Bingo Anguilla will replace these Bingo Florida options and warrants with options or warrants, respectively, to purchase Bingo Anguilla common stock. The duration and other terms of each such Bingo Anguilla option or warrant, including the vesting schedule, will be the same as the Bingo Florida option or warrant assumed.
Appraisal Rights of Dissenting Stockholders (page 1 9 )
If you object to the merger, the Florida Business Corporation Act, or FBCA, permits you to seek relief as a dissenting stockholder and have the "fair value" of your shares of Bingo Florida common stock determined by a court and paid to you in cash.
If you are a Bingo Florida stockholder who did not execute the written consent resolution approving the merger and wish to dissent to the merger, you must deliver to Bingo Florida, before t , 2005, a written demand for appraisal of your shares.
As discussed under the heading "Appraisal Rights of Dissenting Stockholders of Bingo Florida", any stockholder who opposes the Merger may exercise dissent and appraisal rights under the Florida Business Corporation Act. The Merger contemplated hereby has been submitted to the
Posted by glassman on :
now you are asking me to be a finacial analyst..honestly? i'm not good enough to come up with a good answer.....LOL
i see that they will get a tax benefit from moving offshore, but it also looks like they will increase th OS by about 1/3....
see what the charts say...
it's not a micro, so the charts should be FAIRLY reliable..
Posted by glassman on :
chart says people have BEEN liking it for months....
Posted by GHOST on :
I was just going in for a day trade, got in at .50 today. Trying to figure out to go longer or to jump!
I know nothing but if they are increasing the OS, Jump when it turns. The enlarged OS will cause it to dip harder at some point. you need to beat that point.
Posted by GHOST on :
Do you think I should hold and play it longer or jump?? I'm trying to figure out if this is good news or bad! Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 41205
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 47836
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 42222
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.5850 0.4717 0.5567 0.6417
Posted by GHOST on :
keithsan Thanks! All just for a supposedly simple in and out!!! Glassman and Keithsan, Thanks for your help!!
Posted by glassman on :
there is one thing about mergers you need to always remeber...the new company has some time to set up the new share structure...
the new shares could be restricted for a period of time(GOOD) and there could be bonuses to employees(somtimes good).... i look at charts first and then i read filings. if i want to hold a year, i read a LOT of filings and check them every day(well almost...LOL).....
looks like RSI just hit 70 but it has 80 a couple times in the last runups good luck...
Posted by GHOST on :
A year right!!! I've been playing long lately, but thats not why I entered this trade. Two days was going to be my limit in! No, I came in for a day or swing trade I should say. I'm going to play it the way I meant from the start!! Just a swing trade, unless I get stuck before I get out?? Take care!