EDIT: Oh nevermind, I thought I was responding to the PRRM thread...

Universal is also paying a non-refundable deposit of $50,000 for an option to acquire an additional 10% of the company at a price of 2.5 cents per share. The option is good for one year.

Michelle Yulanda, Vice-President of Business Development & Acquisitions at Universal, explains the reasons for which Universal is acquiring a substantial stake and paying a premium for shares in Global:

-- The database of cell phone numbers that Global has assembled
during the last few months is priceless. The ability to reach
more than 1,000,000 unique individuals at anytime is on par with
some television networks.

-- Universal is taking a strategic equity position in Global as the
company is positioned for exponential growth in earnings and
revenues within the next few months.

-- Universal believes that Global is following highly a successful
SMS business model which has been proven very successful
overseas. We want to make sure that we do not miss the boat
again.

-- Global's SMS messaging interface is by far the simplest and easy
to use compared to other SMS providers. This gives Global a
strategic advantage over its competitors.

-- Universal can utilize Global's current cell phone database to
market its products.

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.

SOURCE: Global Explorations, Inc.

quote:

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Originally posted by kbpkt:
If I'm not mistaken, today is the date of record for the dividend, tomorrow we should have our shares, right?

9/27/04 Date of record
9/28/04 Distribution date

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Global to Register Premium SMS Short Code Numbers: Initiating Direct Billing via Cell Phone Carriers
Wednesday September 29, 7:21 am ET

KAMLOOPS, British Columbia, Sept. 29, 2004 (PRIMEZONE) -- Global Explorations Inc. (Other OTC:GXXL.PK - News) is in the process of registering a number of premium SMS short code numbers. Once these premium numbers have been registered, the company shall approach cell phone providers such as AT&T Wireless (NYSE:AWE - News), Cingular Wireless, Sprint (NYSE:FON - News) and Verizon (NYSE:VZ - News).
ADVERTISEMENT


Premium SMS short code numbers which translate into names such as ``games,'' ``scores,'' and ``videos,'' are extremely valuable.

Once these names have been registered with the carriers, users simply have to type in these names on their cell phones and they can immediately download content. The carriers would bill the subscribers directly and Global would then receive funds directly from the carriers.

This will significantly streamline the companies' operations, as additional staff, servers and maintenance shall not be required.

Global is striving to increase shareholder value.

CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.

Contact:
Global Explorations, Inc.
Lisa Blackstock
Public Relations
(250) 579-9914
investors@millenniumsms.org

quote:

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Originally posted by kbpkt:
If I'm not mistaken, today is the date of record for the dividend, tomorrow we should have our shares, right?

9/27/04 Date of record
9/28/04 Distribution date

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Just received this reply from Ameritrade:

Thank you for contacting us today concerning GXXL.

quote:

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Originally posted by WinsumLosesum:
Just received this reply from Ameritrade:

Thank you for contacting us today concerning GXXL.

For GXXL, the ex-dividend date was 9-27-04, record 9-27-04, payable 10-5-04. The rate will be .04 for 1. The spin off will be restricted shares of FNRP.

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Thank you for your email. We have not yet received the shares. The information that we have is that we are waiting for the appropriate documentation from the transfer agent . Once that is received then the shares will be transferred and paid to the shareholders who are due the dividend. At this point we do not have an estimate for when this will be resolved, but if you may find more information by contacted GXXL's investor relations department.

Sincerely,

Thank you for contacting us today concerning a spinoff of FNRP shares from GXXL. At this time, no shares have been received. The shares were anticipated to have been paid on 10/4/04 and no new payable date has been given.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

quote:

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Originally posted by kbpkt:
So whats the conclusion? Did we get scammed on this one too? I'm getting tired of this crap. According to my streamer, we have only traded 1,160,000 shares today. Is this right?

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quote:

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Originally posted by EpiC1234:
I got mine too, but what good are my shares of a company that has not traded in months?!?

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More than likely, FNRP is a shell. GXXL will probably merge with it, making FNRP legitimate. It's the easiest/cheapest way of getting a company to reporting status I think. Least that's how I think it works.

EDIT: It hardly matters anyway. The real question you should be asking is: "How much is this crap going to be worth once they get off restricted status, which is going to take up to a year?"