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Author Topic: GXXL...dividend coming soon
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Well, something disturbing.

Found at least 3 grammar and 3 spelling errors on the Millennium SMS site, under the Marketing Presentation link.

Still digging around.


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WinsumLosesum
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quote:
Originally posted by Phoenixx:
Wouldnt they have had to purchase yesterday then, since it's only 2 days til the 30th..

Oh, crap.


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Meshoe45
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Lots of news lately and those who get also take advantage of the foward split once they release the date again for that!
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quote:
Originally posted by WinsumLosesum:
Oh, crap.


Yeah, my sentiments exactly. I was considering buying more today too. Think I'll hold off. I dont like the questions I still have anyway.


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rajarammx
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quote:
Originally posted by WinsumLosesum:
Sure.

"...when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books. As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three days before the date of record..."
http://www.investopedia.com/articles/02/110802.asp



Well, I bought in anyway..hoping I will slide in by Friday....hopefully...If not I will atleast get the 1-10 forward split.....

------------------
GLTA

Raja

Always do your DD before Investing or Daytrading


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Meshoe45
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MORE NEWS

http://biz.yahoo.com/iw/040728/070580.html

Press Release Source: Global Explorations Inc


Global Explorations to Launch Product on Friday; Requesting All Shareholders to Assist Marketing Program
Wednesday July 28, 1:10 pm ET


RESTON, VA--(MARKET WIRE)--Jul 28, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will launch its main consumer product on Friday. This is a free service. The URL can be found at http://beta.MillenniumSms.com.
"This is a service that anybody can use. Just as email is used now, SMS will be used in the future," stated Atul Mehta PR Manager for Global Explorations Inc.

"How many companies make their shareholders a part of their marketing strategy? This is an opportunity for our shareholders to get involved first hand with the company.

"Everyone owns stocks. Do you own stocks of companies in which you actually use their product? Well, you do now," continued Atul Mehta.

Once the product is launched please email the URL to your friends and family. Some examples of the possible uses of the service are below:

-- Save Cell Phone Numbers in your address book. Send a message to
everyone at the same time. This saves you time since you do not have to
call everyone

-- Sports Teams (Soccer/Basketball/Volleyball) -- If it starts raining or
there is a change in venue you need to get the message out quickly. SMS
Text messaging is the only way to do it

-- Websites: Cut & Paste code once you login and place it on your
website. Your address book will automatically get updated with cell phone
numbers.

-- Card Games/Parties: Throw a party and inform everyone via SMS Text
Messaging. If they can't make it, tell them to call you. Save yourself some
time!
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:
CONTACT:
Global Explorations Inc.
Mr. Mehta
Public Relations
(703)478-3222
investors@millenniumsms.org


--------------------------------------------------------------------------------
Source: Global Explorations Inc


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WinsumLosesum
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I faxed this about an hour ago to investor relations.

quote:
If I buy GXXL today, Wednesday, July 28, will I be too late to receive the 5 for 1 stock dividend of FNRP?

Please reply via email to:

xxxxxxxxxx

An immediate reply would be most appreciated.

Thank you,


I received this reply:

quote:
The record date is July 30th. So you would receive the shares as long as you own the stock before July 30th.

Atul


Looks like there's still time to buy. Investopedia's reasoning was that on the record date, your shares might not appear in their books yet (if you bought too close to the record date). Well, if they wait until 3 days AFTER the record date, they'll see ALL of the owners of the stock as of the record date, right?


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donnyboy
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Another business contract signed, the consumer product on its way, and talks of dividends and splits. It all sounds good to me!
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WinsumLosesum
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I was still not convinced, so I emailed him again:

quote:
Thanks for your quick reply. But I'm still confused by one thing. I've heard
the ex-dividend date is 3 days before the record date, as it takes 3 days for
my shares to settle.

Are you saying people who buy GXXL even up until Thursday will receive the 5
for 1 dividend?


I received this reply:

quote:
Yes,

Settlement has nothing to do with this.

Atul


So go for it, if you want to. I picked up a few earlier @ .008


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Leardron
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quote:
Originally posted by EDDIE138301:
Global Increases Special Share Distribution; 5 for 1 Share Distribution of the Feinstein Report
Wednesday July 28, 6:31 am ET


RESTON, VA--(MARKET WIRE)--Jul 28, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) hereby increases the special share distribution. Previously it was announced that the company was declaring a 7 for 1 stock dividend, however it has been increased.
"For every 5 shares of GXXL, shareholders shall receive 1 share of the Feinstein Report (FNRP)," stated Atul Mehta, PR Manager for Global Explorations Inc.

Global Explorations Inc is quoted on NQB Pink sheets as "GXXL."


Okay, what I am getting out of this is that you will get 1 additional share of gxxl for every 7 shares of gxxl. Plus you will get 1 share of FNRP for every 5 shares of gxxl.

So If you have 100,000 shares of gxxl you will end up with and additional 14,285 shares of gxxl plus 20,000 shares of fnrp. Is that correct?


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WinsumLosesum
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I don't think so, Leardron.

Now, you will get 1 share of FNRP for every 5 shares of GXXL. So I bought 50k shares today. I will get 10k shares of FNRP, and later, my 50k of GXXL will split and become 500k.

quote:
Originally posted by Leardron:
Okay, what I am getting out of this is that you will get 1 additional share of gxxl for every 7 shares of gxxl. Plus you will get 1 share of FNRP for every 5 shares of gxxl.

So If you have 100,000 shares of gxxl you will end up with and additional 14,285 shares of gxxl plus 20,000 shares of fnrp. Is that correct?


[This message has been edited by WinsumLosesum (edited July 28, 2004).]


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donnyboy
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Here's how it works:

Dividend: Take the number of shares you own in GXXL and divide by 5. That's how many shares of FNRP you get.

10 for 1 Split: Take the number of shares you own in GXXL and multiply by 10, that's how many shares of GXXL you will end up with. Of course, the share price will drop by a factor of 10. The overall value of your shares will remain the same.

Hope that helps.


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Questions that bother me:

1. What is Global and why dont they have a website? I see Millennium SMS and their website.... [Okay I might have already answered my own question, apparently GXXL acquired both Millennium SMS and The Feinstein Report as subsidiaries, but that still doesnt explain why the parent company doesnt have a website]. The one company currently being traded and the other isnt. Isnt that kinda backwards...I mean..the one company you can actually buy right now, unrestricted shares is GXXL, yet they dont have a website..

EDIT: Are they just a couple investors who created a company, went public with it, and now buy up other companies?

ANSWER?: Reading through all their press releases...apparently they used to be an ISP? ...with a website at http://www.bharatisp.com/ ..which no longer works...

2. How long has the M SMS website been out? Why havent they fixed the grammar and spelling errors? That doesnt exactly help investor confidence.

3. "We are currently negotiating with various different groups to acquire an OTCBB shell as this would be the quickest way to become a fully reporting company." What is an OTCBB shell?

4. What the HECK IS THE FEINSTEIN REPORT?

5. How are they getting all their cell phone numbers? As of June 23rd they claimed to have 1 million in their database...are the users of their products basically agreeing to have their numbers used?

EDIT: I hope I'm not pissing off anyone with my questions, but I sure would like some clear answers.

[This message has been edited by Phoenixx (edited July 28, 2004).]

[This message has been edited by Phoenixx (edited July 28, 2004).]


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Leardron
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quote:
Originally posted by donnyboy:
Here's how it works:

Dividend: Take the number of shares you own in GXXL and divide by 5. That's how many shares of FNRP you get.

10 for 1 Split: Take the number of shares you own in GXXL and multiply by 10, that's how many shares of GXXL you will end up with. Of course, the share price will drop by a factor of 10. The overall value of your shares will remain the same.

Hope that helps.


Sorry, I guess I should have read further. I now see the 10 for 1 split. I got the two mixed up.


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quote:
Originally posted by WinsumLosesum:
I was still not convinced, so I emailed him again:

So go for it, if you want to. I picked up a few earlier @ .008


Thanks for emailing him. I didnt like the price after you posted so I held off...and I'd still like the answers to my questions before I consider adding more to it...so if someone could spiff up my questions and send them to the PR guy I'd appreciate it. Done all the DD I feel like doing on this stock today.


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Leardron
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Got another question. Do you still have to have the stock at the close of trading on the 30th or just when it opens. Meaning if you sell your shares on the 30th does that mean you lose the dividends or not?
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Spinoff
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Ok guys this is my last trade this year. If this doesn't work then i'm quiting trading all together and joining a monastery
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Malloy
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Call your broker. That's the best way to get the answers. Have them email it to you to have a print recort of the answer...then, you can go ahead an take a decision to get more or not for friday's dividend.

The broker is the key to all your question here.

Malloy


quote:
Originally posted by Leardron:
Got another question. Do you still have to have the stock at the close of trading on the 30th or just when it opens. Meaning if you sell your shares on the 30th does that mean you lose the dividends or not?


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Well according to the rules of the NYSE, if this was a stock traded on that exchange, then yeah, any stock bought today or later wouldnt get the stock dividend. How the OTCBB and pinkies do it, is anyone's guess. Maybe because they altered the dividend amount it reset the date as well? <shrugs>. If I were you Winsumlosesum, I'd keep a copy of that email for a record. Who knows, we might need it (I know, I'm pessimistic).

[This message has been edited by Phoenixx (edited July 28, 2004).]


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Well I just called Scottrade. They have no information on the dividend being put out by GXXL.

They said there are 3 dates. Ex-dividend, record date, and pay date.

The guy (Jim)-- he said (this being a different case) that we have to hold the stock til the DIVIDEND PAY DATE, and presumably have to own it before Friday (the ex-dividend date not applying).

So I dunno what to think. I advise you all to call your brokerages and see what they have to say, especially before you sell.

[This message has been edited by Phoenixx (edited July 28, 2004).]


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donnyboy
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About the OTCBB shell, my guess is before any company is allowed to trade on an exchange they must meet certain reporting and disclosure requirements, so after that they would be issued a "shell" stock symbol, and probably after a certain amount of time has passed the symbol would trade on the exchange.
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Az...Cats
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FNRP=0 volume in over 4 months. Good luck trying to sell that one.
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WinsumLosesum
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quote:
Originally posted by Phoenixx:

3. "We are currently negotiating with various different groups to acquire an OTCBB shell as this would be the quickest way to become a fully reporting company." What is an OTCBB shell?

Here's an article about how a company can go public without the hassle of an IPO. Instead they do a "reverse merger" into an existing "shell". It's way too long to post here, so read it at your leisure.
http://tinyurl.com/4gzgq


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WinsumLosesum
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I sent another email after the first two, asking about The Feinstein Report, but nothing else. I'll post the reply. Oh, and you KNOW I'm keeping copies!

quote:
Originally posted by Phoenixx:
Thanks for emailing him. I didnt like the price after you posted so I held off...and I'd still like the answers to my questions before I consider adding more to it...so if someone could spiff up my questions and send them to the PR guy I'd appreciate it. Done all the DD I feel like doing on this stock today.


[This message has been edited by WinsumLosesum (edited July 28, 2004).]


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Meshoe45
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quote:
Originally posted by Az...Cats:
FNRP=0 volume in over 4 months. Good luck trying to sell that one.

It's free why not accept it?


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jackpot
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FNRP, last trade, in March.
GXXL was too good to be true.

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WinsumLosesum
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The record date is the day you must own the stock. I don't think there's any problem selling the day after that. BUT DON'T FORGET... we don't know the record date for the split yet. July 30th is the record date for the dividend only.

DIVIDEND
"All shareholders as of record of July 30th..."

SPLIT
"The record date will be announced shortly..."


quote:
Originally posted by Phoenixx:

The guy (Jim)-- he said (this being a different case) that we have to hold the stock til the DIVIDEND PAY DATE, and presumably have to own it before Friday (the ex-dividend date not applying).


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WinsumLosesum
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Nobody's posted this yet, so I guess I will:

Global Explorations Inc     (OTHER OTC: GXXL) Last Update: 2:36:24 PM ET Jul 28, 2004  
 
Global Explorations Informational Statement

RESTON, VA, Jul. 28, 2004 (MARKET WIRE via COMTEX) -- Global Explorations Inc. (GXXL) wants to be transparent and to give shareholders some confidence in management that we are working toward the same goals.

1. Price appreciation is key for shareholders and management.

2. Management wants to achieve that by acquisitions that will be accretive to the bottom line in a short time. (Companies with Revenue)

3. We are currently negotiating with various different groups to acquire an OTCBB shell as this would be the quickest way to become a fully reporting company.

4. We are interviewing individuals to handle Investor Relations.

5. The current share structure will be announced following the 10-1 forward split.


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stock_82
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so if I get in tomorrow will I get the free shares of FNRP??
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quote:
Originally posted by Az...Cats:
FNRP=0 volume in over 4 months. Good luck trying to sell that one.

Well, see, that's the strange thing..when I first looked at my Scottrader screen at this stock, I saw "March 12" and an "Undefined" stock exchange listed...cause isnt that what GXXL said...they arent listed on any exchange but GXXL wants to get FNRP on the OTCBB. But today (June 28th that is) I saw them listed as OTCBB with today's date being the last trade...but just checking this now at 2:20 AM, they're back to March 12, Undefined.

I dunno, all. I think I'm just gonna stay away from this stock in the morning, barring hearing anything interesting. If it works out, I'll have some decent gains. If it doesnt...shrugs. Maybe I'll try daytrading it after it plunges down after the split. Gonna call the broker again -- not happy with my answers.


EDIT: Thanks for that link and emailing the guy, Winsum I'm most curious as to what he has to say about the Feinstein report. Heh, I asked my niece about it, (cause she works in this industry field) and she goes..."which one..?"


[This message has been edited by Phoenixx (edited July 29, 2004).]

[This message has been edited by Phoenixx (edited July 29, 2004).]


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Well, the broker I talked to was remarkably unhelpful - Scottrade has no info whatsoever.

You a gambling person, stock82? If so, plunk down $200 and share the risk with us. But remember do your DD and dont risk more than you can afford to lose.

Happy 100th post everyone!


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News out
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WinsumLosesum
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Global Explorations Inc     (OTHER OTC: GXXL) Last Update: 11:52:02 AM ET Jul 29, 2004  
 
Global Explorations SMS Technology to Power Equity Retirement Savings Distributors; 18th Company to Partner With Global

RESTON, VA, Jul. 29, 2004 (MARKET WIRE via COMTEX) -- Global Explorations Inc. (GXXL) SMS software will be used to power Equity Retirement Savings Distributors.

"This is the 18th company to partner with Global. Equity Retirement Savings will be using our SMS technology to notify their clients of price movements in stocks, volume alerts and IPO opportunities," stated Atul Mehta, PR Manager for Global Explorations Inc.

"Financial companies need to inform all their clients at the same time about potential opportunities in the equity markets. What happens is that a broker will call his 'best clients' first and if you are on the bottom of the list you might not even receive a call.

"With Global's SMS Technology, everyone will be informed at the same time. The company hopes that this will become a standard in the financial community in the near-term future," continued Atul Mehta.

Global Explorations Inc. is quoted on NQB Pink sheets as "GXXL."


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WinsumLosesum..

I take it that Mr. Mehta hasnt responded to the 'what is the Feinstein Report' email yet?
How fast did he respond to the other one?


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quote:
Originally posted by Meshoe45:
It's free why not accept it?

I think I'd be less concerned about the state of things if FNRP was actually a company whose website we could check out, actually was trading on an exchange with some volume currently, and people could actually find out what The Feinstein Report actually is. All we really have is Mr. Atul Mehta's WORD that we're going to receive 1 share of FNRP for every 5 shares of GXXL. Dividends can and do disappear. Simple fact. One example...Schering Plough I believe it was that cancelled or reduced their dividend some time back because they simply couldnt afford it. I'm not trying to be cynical here, but you know the old adage regarding pennies/pinks..100,000 stocks....90,000 are scams, 9000 are worthless, 900 are trying their best, leaving 100 that are worth buying (goes something like that anyway). After getting my nose bloodied this year by pennies, I'm not so keen anymore to step into the stock boxing ring again w/o some research. I just bought Revlon (REV) at $2.20 and SimpleTech, Inc (STEC) at $3.06. Think I may have a better chance with these, seeing as Scottrade wont let me play some of the .0001 stocks like USCI anyway.

Well anyway, not trying to be negative. I bought some GXXL on the 22nd. Let's see how the poker hand plays out.

[This message has been edited by Phoenixx (edited July 29, 2004).]


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