all shareholders of Global Casinos, Inc (GBCS, Trade) one share of newly issued DTLL Series B Preferred Equity Redeemable Convertible ("PERC") Stock with a stated value of $25 per share for every 10 shares of Global Casinos, Inc Common stock. This would be an offer of $2.50 per Global Casinos, Inc common share and a 150% premium to the recent closing price of $1.00 per share.
Great company only 5.14 million shares Outstanding and insiders own 9.5% of outstanding shares.
Global Casinos, Inc. Responds to Press Release of DTLL, Inc. Wednesday March 8, 6:40 pm ET
BOULDER, Colo.--(BUSINESS WIRE)--March 8, 2006--Global Casinos, Inc. (OTCBB:GBCS - News) responds to the press release issued by DTLL, Inc., dated March 8, 2006 (OTCBB:DTLI - News), in which DTLL, Inc. announced that it is intending to make a tender offer for at least 51% of the outstanding shares of common stock of Global Casinos, Inc. Global Casinos, Inc. is not aware of any tender offer. Furthermore, Global Casinos is not engaged in any ongoing negotiations with any party regarding a tender offer or possible change in control of Global Casinos, Inc. Further, Global Casinos, Inc., is not aware of the filing with the SEC on Schedule TO of any preliminary communications made before the commencement of a tender offer.
Posted by bohica33 on :
Last Update: 6:40 PM ET Mar 8, 2006
BOULDER, Colo., Mar 08, 2006 (BUSINESS WIRE) -- Global Casinos, Inc. (GBCS : Global Casinos Inc News , chart, profile, more Last: 1.44+0.45+45.45%
6:40pm 03/08/2006 Add to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: GBCS1.44, +0.45, +45.5%) responds to the press release issued by DTLL, Inc., dated March 8, 2006 (DTLI : dtll inc com News , chart, profile, more Last: 2.60-0.39-13.04%
8:06am 03/09/2006 Add to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: DTLI2.60, -0.39, -13.0%) , in which DTLL, Inc. announced that it is intending to make a tender offer for at least 51% of the outstanding shares of common stock of Global Casinos, Inc. Global Casinos, Inc. is not aware of any tender offer. Furthermore, Global Casinos is not engaged in any ongoing negotiations with any party regarding a tender offer or possible change in control of Global Casinos, Inc. Further, Global Casinos, Inc., is not aware of the filing with the SEC on Schedule TO of any preliminary communications made before the commencement of a tender offer. SOURCE: Global Casinos, Inc. Global Casinos, Inc. Clifford L. Neuman, 303-527-2903 Fax: 303
Posted by joeyisthebest on :
Check out that PR contradicting the last one now LOL
Posted by metal1 on :
its not contradicting the last one. looks like they haven't contacted Global and haven't made any SEC filings but plan to do so. not a total buy out either, only 51%. intersting to see what happens. kind of a funky deal with the convertible.
Posted by Mysticobra96 on :
Def. looks interesting. Anyone know anything about DLTI's PERC's? I'm going to try to find out more about this. Main thing though, I understand DLTI trading down, but why would GBCS be down so much?
Posted by joeyisthebest on :
DTLL files SEC forms for GBCS share distribution and information