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Author Topic: BPNT
BigChris7709
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I got in late @ $0.26, but it's still not too late to cash in around March......

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 5, 2004--BarPoint.com, Inc. (OTCBB:BPNT - News), an online and wireless product information and shopping service technology provider, and Fundever, Inc., owner of SchoolPop, Inc., a leading provider of year round school support and fund-raising solutions, jointly announced today that the two companies have signed a definitive merger agreement for Fundever to acquire a controlling interest in BarPoint by way of a reverse triangular merger. Concurrent with the announcement of the transaction with Fundever/SchoolPop, and conditioned upon the closing of the transaction, BarPoint announced a cash and stock dividend to shareholders of approximately $ 0.05 per common share and approximately 0.429 additional shares per common share. Subject to the closing of the merger, this cash and stock dividend is to be paid on or about March 2, 2004, to shareholders of record as of February 17, 2004. In addition, subject to the closing of the merger and the resolution of various contingent liabilities, a second cash dividend of approximately $ 0.03 per common share may be issued to the BarPoint shareholders of record as of February 17, 2004. If issued, this additional dividend is currently scheduled to be paid approximately six months after closing of the merger. The merger transaction is expected to close on or about February 18, 2004, subject to the satisfaction or waiver of certain customary closing conditions.


Posts: 15 | From: Orlando, FL., USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Art
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Becoming overbought - I would stay away.
Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
shag26272
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i think its safe to say this baby is only going up and the dividends cant be beat
Posts: 15 | From: Westlake,LA, USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Art
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quote:
Originally posted by shag26272:
i think its safe to say this baby is only going up and the dividends cant be beat

Investor uncertainty shown in chart today - caution.

May form a pennant pattern, consolidate, and go up later. May go down though.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

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