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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » BGRR - This will be HOT one for 50% gain

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Author Topic: BGRR - This will be HOT one for 50% gain
Teufelmann
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If you saw my posts on ALAN back when it was 0.87 and it went to 2.57 then you will understand me on this one. BGRR is a company about to restructure it's stock. In addition it is issuing a dividend for Stockholders of record on 15 May 04. I has fallen prey to naked selling onthe Berlin Stock exchange and they have asked to be delisted from Berlin Exchange and asked for an audit on all outanding shares. This will cause Fits for the MMs and the share prices will rise.
Currently, this stock is at a record low of 0.17 and with a 1 share for every 3 shares held that on top is an automatic 25% return. P/E on company says shares are worth around 0.47 per share.

Make a quick 50% by May 15. Gotta hurry before everyone jumps on the low price.

This one is gonna move!!!!!!!!!


Posts: 164 | From: greenville, SC, USA | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Teufelmann
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BGR Corporation Requests Return of All Restricted Share Certificates In Connection With Stock Dividend
Tuesday May 11, 10:30 am ET
Company to Change CUSIP Number to Address Short Selling on Berlin Stock Exchange


PHOENIX--(BUSINESS WIRE)--May 11, 2004-- BGR Corporation (OTCBB:BGRR - News) -- As previously announced, beginning on May 15, 2004, BGR will commence the process of paying a stock dividend to holders of record of its common stock on May 15, 2004. In connection with the stock dividend, BGR is requiring that shareholders holding physical stock certificates representing common stock of the Company return their certificates to the Company in order to receive their stock dividend. Shareholders participating in this exchange program will receive a new stock certificate representing their existing shares in addition to new shares acquired as part of the stock dividend.
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As an incentive to induce shareholders to participate in this exchange program, the Company has agreed to pay the cost of exchanging the stock certificates for 60 days, or until July 14, 2004. Thereafter, shareholders will be responsible for the cost of exchange in order to receive their new stock certificates reflecting the stock dividend.

BGR has also recently learned of the possibility that shares of its outstanding common stock that are currently considered "restricted" under applicable Federal securities laws, may be trading, inappropriately, on the Berlin Stock Exchange. None of BGR's officers, directors or other affiliates ever requested to be listed on the Berlin Stock Exchange. During the past several weeks the Company's share price has suffered. Management believes that the persistent pressure on the share price, in the face of numerous positive corporate developments, may be related to the erroneous listing on the Berlin Stock Exchange.

Securities that are restricted under applicable securities laws may not be traded without registration unless done so (i) in a private sale, exempt from registration, or pursuant to Rule 144 of the Securities Act of 1933, as amended. Rule 144 allows non-affiliates of a company to sell restricted securities after one year, subject to volume limitations and manner of sale restrictions or after two years without any restrictions. BGR's records show that all restricted shares currently outstanding have been held for less than one year and, accordingly, are not eligible for sale pursuant to Rule 144. BGR has learned that holders of restricted shares in other companies trade those shares on the Berlin Exchange without compliance with Rule 144 or applicable securities laws in general. BGR suspects that certain holders of restricted shares of its common stock have employed this same tactic to skirt the rules and regulations of the securities laws.

In an effort to address this problem, in addition to requiring the return of all outstanding stock certificates, BGR will also change the Company's CUSIP number effective May 17, 2004, requiring all brokers to request delivery of certificates to legitimize the exchange of shares.

ABOUT BGR CORPORATION

It is the intention of BGR Corporation to acquire new innovative fast-casual and casual dining restaurant concepts, develop them into a profitable working design, and franchise them across the country. BGR Corporation has developed a team that has extensive experience in the industry of professional restaurant design, franchising, and restaurant management. BGR Corporation is listed on the NASDAQ Electronic Bulletin Board under the trading symbol BGRR.

Look for our website soon at www.bgrcorporation.com.

Special Note Regarding Forward-Looking Statements

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties, such as our success in acquiring new concepts, funding these acquisitions, and successfully adapting and franchising these concepts, could cause the company's actual results in the future materially to differ from the forward-looking statements.

--------------------------------------------------------------------------------
Contact:
BGR Corporation
Peter Matousek, 503-332-9675 (Investor Contact)



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Sweets!
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Wow Teufelmann, thank you! I got in just in time to see it jumped 16+%

------------------
--Sweets!


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DeadSurf
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how high do you see this on going? if i were to get in today would i be able to recieve the dividend? thanks!
Posts: 91 | From: winchester, va, usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
Teufelmann
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Yes. you have until May 15th to get in. I think this will hit 0.35 per share soon.

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jiffer
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Thanks for the heads-up. I gave it a quick look and then placed my order. We'll see if it gets filled...
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Lutalo
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Be careful of the may 15th theory.... even though 'may 15th' is the day... the price of the stock has this news built into it.. make sure you're out when the big sell out occurs... a lot of people will want to ride their free shares after the split.
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DeadSurf
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so i decided to get in on this one today...but i'm still trying to understand. the shares i bought today are going to be worth x3? by may 15th? when and if that happens will the pps go down or up higher...and is 0.35 a reasonable pps?
thanks again!

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Teufelmann
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I think 0.35 or higher is very conservative target. This stock has a very small float so the dividend may only make it more valueable and not deflate the stock at all. (more than likely it will drop alittle)

This is a strong company. I highly recommend you pull charts, read the news releases, financials, go to website and call the CEO like I did before I bought.

I think the mgmt is handling the issues with the listing/delisting on the Berlin Stock Exchange (see previous messages) in the best manner possible and rewarding the true investors/stockholders that put their money into the company.

As for me I am in at 0.17 and look for it to exceed 0.40 in May.

PLEASE before you invest "DO the DUE" and make informed decisions.

Ignorance breads Angst.

Happy Trading!


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STAR GAZER
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In requard to how high it can go, in Jul '03 it was .75 in Nov '02 it was 1.25 Has been steadly going down since then, but if there was naked short selling and if things are going good for the company, it could be ready
to start a long term climb. If it went from .18 back to 1.25, that would be a 600% increase. If went to $2 that would be over 1,000%

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DeadSurf
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quote:
Originally posted by DeadSurf:
so i decided to get in on this one today...but i'm still trying to understand. the shares i bought today are going to be worth x3? by may 15th? when and if that happens will the pps go down or up higher...and is 0.35 a reasonable pps?
thanks again!


i wanted to post my question again to the people who are in here tonight.


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DeadSurf
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^bump^
Posts: 91 | From: winchester, va, usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
   

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