Silver Screen Studios Publishes Investors FAQs Tuesday November 7, 9:37 am ET SSSU to become Global 1 Investment Holdings Corporation and Investment Fund Manager
ATLANTA--(BUSINESS WIRE)--Silver Screen Studios, Inc. (OTCBB: SSSU - News), Traders Nation, www.tradersnation.com/sssu.shtml, SSSU to change name to Global 1 Investment Holdings Corporation and focus on micro cap investment creation. ADVERTISEMENT
FAQs:
We have received many questions regarding our recent announcements and will use this information release to address the questions.
Q1. Why did SSSU change its name, symbol, and cusip number?
A1. The management thought it was in the best interest of the company to verify the number of shares outstanding and the authenticity of its shareholder base. Accordingly, we ordered the NOBO list and the transfer agent's report and compared the two. We discovered there was an imbalance in the two lists.
Q2. Why did TD Ameritrade and E-Trade prevent the purchase of SSSU shares?
A2. Our legal counsel contacted TD Ameritrade on two occasions and attempted to determine the cause of their actions. Our legal counsel was told there was no one at TD Ameritrade who knew why the action was taken nor was there any person our legal counsel could address the issue with. Our legal counsel contacted more than 20 brokers and only TD Ameritrade prevents investors from purchasing our shares.
Q3. After the name change, symbol change and cusip number change, what effect will it have on the shareholders?
A3. The effect will be that a shareholder can be assured they have purchased registered shares and they are in fact owners in Global 1 shares. A shareholder will own the same number of shares of Global 1 as they owned in SSSU. These actions are not a reverse split.
Q4. What is the record date and can a shareholder still qualify for the dividend?
A4. The record date is set now for November 16, 2006. A shareholder that owns shares now and owns the shares on Nov. 16, 2006 will qualify for the dividend. A shareholder that buys shares or additional shares on or before Nov. 16, 2006 will qualify for the dividend.
Q5. Who will receive the dividend and what is the procedure to receive the dividend?
A5. All shareholders who own shares on the record date will receive the dividend regardless of how many shares they own. The procedure to receive the dividend is being worked out with our transfer agent and will be published on a new IR site, www.global1inc.com that is under construction.
Q6. Will a shareholder have to order a physical certificate to receive the dividend?
A6. That issue is being addressed and a determination will be made after the record date of Nov. 16, 2006. If a certificate has already been ordered we request that the shareholder maintain possession of the certificate until further notice from the company. If a shareholder has not ordered the certificate, do not at this time.
Q7. How will our European shareholders be addressed?
A7. Our European shareholders will receive the same dividend as all shareholders. After the NOBO list review, we determined there was an imbalance estimated at 20 million shares in the European ownership registry. We are devising a procedure to address the imbalance. We believe the imbalance was created by the Frankfurt Exchange where we discovered our shares were being traded without our authorization.
Q8. Will shareholders be allowed to invest in the Reg. E Funds?
Q8. Yes, once the funds are registered we intend to offer our shareholders and other investors the opportunity to invest in the funds.
Q9. Why can market makers and hedge funds short the shares of SSSU?
A9. Market makers and hedge funds short the shares of small companies seeking to make a quick profit. However, to short shares the shares must be borrowed or delivered. The actions we have taken are designed to address naked short selling and failure to deliver transactions. We believe preventing investors from purchasing our shares is a manipulative device to prevent a short squeeze that would result from the increased trading volume in our shares. Any short position remaining open after the record date will be responsible for all dividends.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Contact: Silver Screen Studios, Inc., Atlanta Barry Thomas, 404-255-0400 sssu*mindspring.com
-------------------------------------------------------------------------------- Source: Silver Screen Studios, Inc.
Posted by macdrsirules on :
Silver Screen Studios Publishes Investors FAQs Nov 7..Our European shareholders will receive the same dividend as all shareholders. After the NOBO list review, we determined there was an imbalance estimated at 20 million shares in the European ownership registry. We are devising a procedure to address the imbalance. We believe the imbalance was created by the Frankfurt Exchange where we discovered our shares were being traded without our authorization. http://biz.yahoo.com/bw/061107/20061107005743.html?.v=1
Prepares Report for NY Attorney General against TD Ameritrade, Citigroup Capital Markets and E-Trade and Retains Legal Counsel for Class Action Lawsuit/Silver Screen Studios Prepares to Declare Dividend and Board of Directors to Meet to Set Record Date.....Oct 27 Friday http://biz.yahoo.com/bw/061027/20061027005521.html?.v=1
dopts Shareholders Integrity Plan to Address its Capital Structure and NOBO Evaluation and Makes Plans to Migrate to NASDAQ Small Cap Market>>>>Pr from Friday October 20, 2006 http://biz.yahoo.com/bw/061020/20061020005421.html?.v=1
To protect our shareholders from failure to deliver positions, we are developing the share exchange program with one of the Reg. E Funds that will place an estimated value of $.25 to $.50 on the shares of SSSU, http://www.businessjive.com/nss/darkside.html. We have developed a new class of stock to use as a reward for long term investors in our stock. The new class of stock will reflect our new business model and enable our "legal" shareholders to profit from failure to delivers and from our efforts to protect their investment
Posted by macdrsirules on :
Looking good today, anticipation of name/cusip change. IMO
Posted by kilikili on :
heavy buys going on now.
Posted by thesource on :
Hopefully this is starting to get good .
Posted by stnkng1 on :
see everyone at $1.00 JMHO
Posted by thesource on :
Yeah that would be sweet but chances are I'd be out at .50 !!! and be smiling all the way to the bank .
Posted by macdrsirules on :
Word is cusip/name change on Monday. Moving nice this morning.
Posted by quickpicker on :
I am in at .038. Looks promising. So far the company has done everything it said it was going to do. Maybe PR today regarding name and cusip.
Posted by macdrsirules on :
Keep an eye out for EOD run and Monday as well.
Posted by kilikili on :
Lotta buys coming in
Posted by kilikili on :
Global 1 Investments Announces New Stock Symbol and CUSIP Numbers
Global 1 Investment Holdings Corp. (OTCBB: SSSU), Traders Nation, www.tradersnation.com/sssu.shtml, changes name to Global 1 Investment Holdings Corporation to reflect our new business model.
Name and Symbol Changes:
We have been notified by the NASDAQ officials our name change, CUSIP number and symbol changes have been accepted and we will trade under the new name of Global 1 Investment Holdings Corporation with symbol GOIH effective November 13, 2006 opening of business.
Reg. E Funds:
We will launch the first Reg. E Fund as soon as the audit is complete. We have several companies and concepts we will invest in for future dividend distributions by the first Reg. E Funds. We are committed to increasing the value of GOIH to $.35- $0.75 via spin-offs of Reg. E developed companies.
Effects on Shareholders:
The new name and symbol will have no effect on the shares currently owned in your accounts. The name change will be automatic by your broker and you will own the same number of shares of GOIH as you owned of SSSU. TD Ameritrade customer should attempt to purchase the shares of GOIH on Monday.
Dividend Declaration:
Per our recent conversations with NASDAQ officials we are delaying the record date and the payment procedure of our recently declared dividend. We will announce the new process for our shareholders to receive the dividend as soon as the details are worked out with NASDAQ officials.
Physical Certificates:
DO NOT order physical certificates from your broker until notified by the Company.
We are committed to awarding the current dividend, and we have several other concepts in development from which we will award dividends in cash and shares to our loyal shareholders.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, and commercial assets as investment opportunities.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Global 1 Holdings Barry Thomas, 404-255-0400 Investor_Relations*mindspring.com
Source: Business Wire (November 10, 2006 - 2:27 PM EST)
in at .049, moving fast
Posted by MidwestConnection on :
in at .05
Posted by kilikili on :
.052(8) x .0525(1)
Posted by Sally77 on :
It's running.
Posted by kilikili on :
shake shake shake
Posted by MidwestConnection on :
killkili what do you think will happen to this stock
Posted by kilikili on :
Well, I hope it continues up LOL
Posted by mrinos on :
ameritrade will not let me buy this security
Posted by driver4t4 on :
etrade is not letting me buy either...
Posted by driver4t4 on :
alright, was able to buy , just had to call the order in....
Posted by driver4t4 on :
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 Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 16838234
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy 50-Day Average Volume - 18098830
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 - 12407584
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
0.0435 0.0372 0.0422 0.0472
Posted by macdrsirules on :
Ameritrade and Etrade customers should be able to buy on Monday under new symbol. Should run, Nobo list stated over 100 million shares short. Covering should be hot and heavy, and ameritrade customers in particular will be buying in for the first time.
Monday should be GINORMOUS!!! JMHO
Posted by thesource on :
We need a big dip down to .040 Monday so I can get back in . I sold out Friday for .052 . This makes the third flip on this stock for an average profit of $250.00 per flip .
Posted by quickpicker on :
This should be very interesting Monday. The company has followed thru with everything they said they were going to do. We should all benefit from the companies actions next week. GLTA
Posted by quickpicker on :