Item 5. Other Events and Regulation FD Disclosure. On February 27, 2004, GlobeLink Capital, Inc., an affiliate of the Registrant and EarthNetMedia, Inc., accepted an introductory funding proposal from Villa Noble S.L., Marbella, Spain, in the amount of EURO $50 million (US $62.5 million). The primary purpose of the funding is to provide capital to Chinese companies in which the controlling interest has been conveyed to GlobeLink Capital from Beijing Guo Xin Well-tel Technology Co., Ltd., a division of The Ministry of Information Industry, People's Republic of China (Well-tel).
The first tranche of EUR $10 million (US $12.5 million) will be divided. EUR $5 million will be designated to GlobeLink Capital, Inc. for Chinese investment and EUR $5 million in the Registrant for the acquisition of a ten (10) percent equity in the Registrant. The Registrant will in turn invest EUR $2.5 million to acquire a five (5) percent equity position in EarthNetMedia, Inc. The second tranche of funds in the same amount will be divided as stated above.
The Agreement also states that for each investment that GlobeLink Capital, Inc. makes in a Chinese company, twenty-five (25) percent of the equity received will be distributed GlobeLink Capital, Inc. shareholders in the form of a special dividend.
GlobeLink Capital, Inc. will cause its preferred and common stock to be registered and free trading to Villa Noble's investors at the time of the initial placement of EUR $10 million including each incremental investment thereof to EUR $50 million.
Global Medical Products Holdings, Inc.'s Affiliate GlobeLink Capital, Inc. Accepts Funding Proposal for 50 Million Euro Dollars (US $62.5 Million) Under Which 10 Million Euro Dollars (US $12.5 Million) Will be Invested in Global Medical Products Holdings
PrimeZone via COMTEX
Mar 1, 2004 10:35:44 AM
SAN DIEGO, Mar 01, 2004 (PRIMEZONE via COMTEX) --
Global Medical Products Holdings, Inc. (Pink Sheets:GMDP) has filed this date with the Securities and Exchange Commission Form 8-K -- Current Events which outlines a 50 million Euro dollar (US $62.5 million) financing proposal received and accepted by its affiliate, GlobeLink Capital, Inc., from the representative of Villa Noble S.L., Marbella, Spain, an European investment group. Under the Agreement, GlobeLink Capital, Inc. will invest 40 million Euro dollars (US $50 million) into Chinese companies that Beijing Guo Xin Well-tel Technology Co., Ltd., a division of The Ministry of Information Industry, People's Republic of China (Well-tel) conveys controlling interest in to GlobeLink Capital, Inc.
Further GlobeLink Capital, Inc. will invest the balance of $10 million Euro (US $12.5 million) in Global Medical Products Holdings, Inc. for a 20 percent equity position. Global Medical Products Holdings, Inc. will in turn invest $5 million Euro in EarthNetMedia, Inc. (OTCBB:ENTM) for a 10 percent equity position in that company. Global Medical Products Holdings, Inc. will use the remaining $5 million Euro to effect certain acquisitions outstanding.
About Global Medical Products Holdings, Inc.
Global Medical Products Holdings, Inc. is a U.S. based technology company specializing in the development, manufacture, and distribution of cardiovascular and body fluid-related products for the growing worldwide medical market. Global Medical Products Holdings, Inc. focuses 50% of its revenue base in China and 50% in North America and Europe. China represents some 1.3 billion people, twice the population size of North America. It is the only world market leader that has enjoyed an eight percent annual growth in its Gross National Product in recent years and should continued to do so through 2010.
The Company is contemplating increasing its exposure to the global marketplace by assisting small foreign companies arrange for financing and marketing of their products.
EarthNetMedia Inc., a U.S.-based multimedia and international marketing company, which produces and distributes home improvement, interior design, and lifestyle television programs aimed at providing a gateway for businesses to enter China's lucrative markets.
'The Art of Living'interior design and lifestyle television series has been broadcast on Beijing television to an audience in excess of 90 million viewers. This program is a vehicle to brand and market merchandise and to endorse selected products of program sponsors and advertisers.
EarthNetMedia is a gateway for U.S. and international businesses to establish their presence in China and to assist firms with the marketing and branding of their products and services. The Company merchandises consumer products via product placement on television, leading our viewers to our website, providing the Company and its shareholders great capital value.
posted
I hope so. I've waited years for this one to take off. If the funding goes through then I see this one leaving the pinks and never looking back!
The previously announced Spin Off dividend for Global Medical Products Holdings Inc (OTC: GMDP) will only be applicable to shareholders of record as of March 05, 2004. Shares are also expected to go ex-dividend on March 03, 2004.
DECL-DATE X-DATE REC-DATE PAY-DATE----------- ----------- ----------- ----------- 02/26/2004 03/03/2004 03/05/2004 06/01/2004 AMOUNT: Spin OffFREQUENCY: N/ACHANGE: N/A ADDITIONAL INFO: One share of GlobeLink Capital Inc for every 50 shares held. Pending SEC effectiveness, if not registered by P/D shares will be restricted.
Tuesday , March 02, 2004 06:59 ET
According to the NASDAQ Dividend List, Global Medical Products Holdings Inc (OTC: GMDP) are expected to go ex-dividend on March 03, 2004. This Spin Off dividend was originally declared on February 26, 2004.
DECL-DATE X-DATE REC-DATE PAY-DATE----------- ----------- ----------- ----------- 02/26/2004 03/03/2004 03/05/2004 06/01/2004 AMOUNT: Spin OffFREQUENCY: N/ACHANGE: N/A ADDITIONAL INFO: One share of GlobeLink Capital Inc for every 50 shares held. Pending SEC effectiveness, if not registered by P/D shares will be restricted.
posted
Yep, this one has taken off and yet no one here at allstocks seems to be interested. This one has as much potential as QBID, maybe more since there are now all sorts of partners and funding looks like it's comming in. Plus there are dividends declared. Speaking of which, today is the last day to get in on the first one.
We'll soon have to move this to the .10 and above forum!
posted
Maybe. I think everybody has their favorites and follow them closely and perhaps don't even look at others until they are ready to put some money elsewhere. I'll bet there are some out there that are terrific buys that we don't even know about. Oh well, all you can do is post and let hope people read.
posted
Somebody is paying attention. I followed your suggestion and "bought" it on paper 1-1/2 weeks ago. I would have been up 0ver 600 had it been real. I am a newbie and want to do my DD. Better to be educated than just jump in blindly. I do appreciate your insights and will avidly look for your posts.
Thanks, Nico
Posts: 7 | From: Queens, NY | Registered: Mar 2004
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posted
If I already own and sell on wednesday do I still get the dividends? If so, any idea when they come out? Thanks in advance.
Posts: 32 | From: Olathe, KS USA | Registered: Feb 2004
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posted
If I read back to what MM was jamming the stock (IFSC), he's now at 0.10. Might be a good sign...but that's a long shot.
Anyway, this company has potential.
Here's more news:
03/02/2004 (11:00 ET) GMDP: New 52-Wk High @ $0.060 up 20.00% - Knobias
03/02/2004 (10:50 ET) Wall Street Capital Funding: Speculative Stocks to Watch! March 2, 2004
Should get more people's attention. We see a lot of small buys at 0.07. Might be the reason.
Malloy
quote:Originally posted by GatorMan: Maybe. I think everybody has their favorites and follow them closely and perhaps don't even look at others until they are ready to put some money elsewhere. I'll bet there are some out there that are terrific buys that we don't even know about. Oh well, all you can do is post and let hope people read.
posted
I need someone to explained that to me also.
Malloy
quote:Originally posted by sick money: If I already own and sell on wednesday do I still get the dividends? If so, any idea when they come out? Thanks in advance.
quote:Originally posted by sick money: If I already own and sell on wednesday do I still get the dividends? If so, any idea when they come out? Thanks in advance.
My understanding has always been that if you own the stock by the end of today you could sell it tomorrow and still get the dividend. But I can't point to anyplace without doing some research to back that up. The stock goes EX-DIVIDEND on the 3rd, which means you definatly don't get the dividend. If your were to sell it on the 3rd or after who would get it if not you (since you owned it on the 2nd)? But, why would you want to sell this winner? I suspect it will go down tomorrow just because it is ex-dividend. And don't forget, we still have the Redwood dividend coming at an undislcosed date, hopefuly in the near future.
This is also interesting since it talks about stock dividends. Note the next to last paragraph. Your guess is as good as mine as to exactly how it applies in our case. My advice is to hold until you see the stock in your account! http://www.sec.gov/answers/dividen.htm ------------------ ~,-,-< GatorMan
[This message has been edited by GatorMan (edited March 02, 2004).]
[This message has been edited by GatorMan (edited March 02, 2004).]
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