Matto you in this one too??? Dude you've got serious skillz finding the stocks that go BANK!
Did you hear that dude on SubPennyRadio talking about the chart and how GRXI still holding up strong hasn't filled the gap and its the next PTSH?? And did you hear him tell us about NAWL?? Hope you got some shares of that one too!!
Here's to SubPenny and making 2006 super green!!
Posted by packet37 on :
Btw... when Matto's talking about Live365 that's the SubPenny show...
GTREX Capital Enters into Escrow Agreement to Acquire Travel Businesses 2/16/06
ALISO VIEJO, Calif., Feb 16, 2006 (BUSINESS WIRE) -- GTREX Capital, Inc. (OTCBB:GRXI) today announced that it has entered into an escrow agreement to acquire all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies. GTREX Capital expects to close the acquisition by the end of February 2006.
For fiscal year 2005, Dominion Pacific Travel posted over 4.2 million in total revenues, and AsiaWorld Travel exceeded 2.1 million in total revenues.
Under terms of its Letter of Agreement, GTREX Capital is acquiring these two companies for stock and long-term notes. AsiaWorld Travel is one of the largest hotel room wholesalers in the Vancouver region, and Dominion Pacific Travel is one of Vancouver's largest ticketing wholesalers for EVA Air (40 destinations on four continents, including Asia, Australia, New Zealand, Europe and North America) and China Airlines (59 destinations in 23 countries around the world).
The investments in these travel businesses, who are expected to become customers for GTREX Capital's wholly owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology, will have the dual purpose of providing immediate revenues and portfolio value for GTREX Capital, as well as building the supplier and customer base for Global Travel Exchange.
"The escrow agreement is an important step in the acquisition of AsiaWorld Travel and Dominion Pacific Travel, and we look forward to the close of the acquisitions and the implementation of Global Travel Exchange's travel distribution solution for these businesses," said Christopher Berlandier, chairman and chief executive officer of GTREX Capital.
"We also expect to enter into additional agreements to acquire another round of travel-related businesses in the near term that will further diversify the interests of GTREX Capital and increase the revenues generated by its portfolio companies. These are important steps in developing GTREX Capital as an investment fund that returns value to its investors, and we look forward to achieving this goal for the benefit of our shareholders," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Posted by Thomas Mick on :
Why is the stock going down on this news?
Posted by nathraq on :
unchanged atm
Posted by ugotworms on :
im showing down 26% =(
Posted by nathraq on :
just saw it. could be shake. gonna wait and see. what else can i do? heh
Posted by nathraq on :
still down atm.
Posted by nathraq on :
creeping back up
Posted by nathraq on :
still hovering below opening price
Posted by ugotworms on :
this one is killin meh.. does this good news mean nothing?? Posted by nathraq on :
matto, your op on this one atm?
Posted by bddfc on :
making small run, maybe we have some slow readers.
Posted by ugotworms on :
yea im still in this one.. took a deep loss but unlike other people im NOT blaming matto, its my fault and my fault only!
Posted by nathraq on :
not blaming anyone. creeping up slowly Posted by matto on :
Great sec filing!!!! today!
Posted by matto on :
nice slowly growing
Posted by matto on :
Strong eod!!!!
Posted by matto on :
Folks don't let this company get away it looks strong !
Posted by matto on :
i got in at .019 unfortunately =( im still holding =P
Posted by matto on :
You will do fine!
Posted by Sprintpcs on :
The reason why this stock went down on the news is because they knew it was coming. Buy on rumors sell on news. Hope you didn't lose the farm on this one. Not to mention the 5th of this year they had a meeting to dilute the eye balls out of this stock. My guess is when the next 10Q is released the o/s will no longer be 23m .
Dear Shareholders:
A special meeting of shareholders of GTREX, INC., a Delaware corporation (the "Company"), will be held on February 5, 2005 at 10:00 a.m. local time, at 65 Enterprise, Aliso Viejo, CA 92656 for the following purposes:
1. To consider and vote upon a proposal to amend the Company's Articles of Incorporation:
a. To amend Article I of the Articles of Incorporation to read as follows: "The name of this corporation is GTREX Capital, Inc.", and
b. To authorize 5,030,000,000 shares of capital stock of the Company, of which 5 billion shares will relate to Common Stock and 30,000,000 million shares will relate to preferred stock, subject to further designation by the Board of Directors of the Company; and
c. To authorize the Company's Board of Directors, without the consent of the stockholders of the corporation, to adopt any recapitalization affecting the outstanding shares of capital stock of the corporation by effecting a forward or reverse split of all of the outstanding shares of any class of capital stock of the corporation, with appropriate adjustments to the corporation's capital accounts, provided that the recapitalization does not affect the ratio of unissued to authorized capital stock of that class.
Only shareholders of record at the close of business on January 10, 2005 will be entitled to receive this Information Statement and notice of the special meeting and to vote on the above matters.
By Order of the Board of Directors,
Posted by Sprintpcs on :
Matto how about you learn how to read SEC filings you bad pumper.lol
Posted by matto on :
i have dislexia i read backwards!
Posted by matto on :
Sprints post was from 1 year ago! dont trust anything he says.
sprint like someonething 10 yrs ago is going to change GOOG for reaching 400... please
Posted by Sprintpcs on :
Thats the point Matto the Great! Because they had a meeting to dilute it means anytime after posted they can do so. That could be the reason why the stock went down on news or maybe just people who got in before sold on the news. lol
Posted by BuyTex on :
alex, lol, you goofball...that's the best you can do these days?
Nomi wites: "A special meeting of shareholders of GTREX, INC., a Delaware corporation (the "Company"), will be held on February 5, 2005 at 10:00 a.m. ....[/quote]
btw, what happened to your big hedge fund or whatever that was gonna take over the world?
Posted by will on :
According to last 10Q ammended 2/9/06 :
The Registrant had 166,868,800 shares of its common stock, $0.0001 par value per share and 100,000 shares of its Series B Preferred Stock, $0.0001 par value per share, outstanding as of October 14, 2005. Series B Preferred Stock is convertible to common stock on a one for one share basis.
Not a bad O/S for a micropenny. There were no other filings past that diluting the stock.
The last paragraph of the quoted DEF 14C that was posted said,
"c. To authorize the Company's Board of Directors, without the consent of the stockholders of the corporation, to adopt any recapitalization affecting the outstanding shares of capital stock of the corporation by effecting a forward or reverse split of all of the outstanding shares of any class of capital stock of the corporation, with appropriate adjustments to the corporation's capital accounts, provided that the recapitalization does not affect the ratio of unissued to authorized capital stock of that class."
It says, that consent is not required, that is not the same as not reporting issueing shares. True the A/S were raised, but because they file you would be able to see any dilution via required SEC filings.
I think you can ignore the DEF 14C filed 1/18/2005 for period ending 2/5/2005. Any dilution has been factored in PPS for over a year now. O/S stands at : 166,868,800.
Posted by matto on :
do you have anything else on this? or do you fel silly enough sprint!
Posted by matto on :
cool will?
Posted by ugotworms on :
matto once again defending his empire!
Posted by BuyTex on :
quote:Originally posted by ugotworms: matto once again defending his empire!
lol, what are you saying? I see matto 5 hours earlier asking a question...
Posted by ugotworms on :
sorry was just late on posting (^_^)
Posted by nathraq on :
could still be a good week ahead
Posted by nathraq on :
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