posted
The last PR (see below) about Shares of FNRP was 7 days ago. They said 7 to 10 days for the announcement.
MM have been playing it down with lower volume last few days and especially today.
Big support at bid and a very good entry level IMO right now....but it's PINK World...do your own DD...might be another reason for that big dip today.
I'M going back in good...FNRP has no volume but last tick was at 1.75$
Malloy
GXXL: Increase Special Share Distribution of FNRP
Wednesday, July 14, 2004 17:19 ET
Global Explorations Inc. (OTC: GXXL) increases the special share distribution. Previously, it has been announced that the company was declaring a 10 for 1 stock dividend, however it has been increased.
"For every 7 shares of GXXL, shareholders shall receive 1 share of the Feinstein Report Inc. (OTC: FNRP)," stated Atul Mehta, PR Manager, Global Explorations Inc.
"We are going to be very generous with our loyal shareholders. The dividend date has not yet been set, but will be announced within the next 7-10 days, and will be set for sometime in July. The exact details of the distribution are still being worked out," continued Atul Mehta.
posted
just did the calculations and GXXL is now valued at .25 per share price shouldn't go down last time at this price jumped to .022
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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posted
Can this be right? If I buy 100 thousand shares today, it costs me roughly $650.00. Then for every 7 shares I own I'm going to receive 1 share of FNRP which would equal 14,285 shares. FNRP is at 1.75 right now which would give my shares a value of $24,998.00. What's wrong with this picture?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Hope nothing's wrong...I trust your accounting..didn't check
:-)
quote:Originally posted by Upside: Can this be right? If I buy 100 thousand shares today, it costs me roughly $650.00. Then for every 7 shares I own I'm going to receive 1 share of FNRP which would equal 14,285 shares. FNRP is at 1.75 right now which would give my shares a value of $24,998.00. What's wrong with this picture?
posted
Congrats to all those who got in today! Tomorrow should be a great day - Couple big buys right at 4:00-4:01 and every sale was a BUY from 2:00PM on. SUMTINS UP
Posts: 1451 | From: Somersworth, NH | Registered: May 2004
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quote:Hope nothing's wrong...I trust your accounting..didn't check
Malloy, Is that what everyone is banking on, the dividend? Believe me the old adage about looking a gift horse in the mouth might be true here but how can this be the case? 700 bucks turns into 25 thousand in a matter of weeks? Upside is looking for the downside.
posted
What i think is the price of the stocks they'll give us might not be at the same price next year...so, that's not all I'm counting on.
They added many customers recently and have new stuff coming out. All good news for the last month. I believe this, with the free shares, is good enough to see the PPS go up again.
But this is PINK World...and everything can happen..especially with low volume cause by mid summer vacation.
Hope it helps.
Malloy
quote:Originally posted by Upside: Malloy, Is that what everyone is banking on, the dividend? Believe me the old adage about looking a gift horse in the mouth might be true here but how can this be the case? 700 bucks turns into 25 thousand in a matter of weeks? Upside is looking for the downside.
posted
If it seems too good to be true, it probably is. That's exactly how I'm looking at the upcoming dividend. However, I'm very interested in all the good news coming out of the company recently. I own the stock for that reason, not the dividend.
Posts: 82 | From: Portland, OR, USA | Registered: Jul 2004
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posted
It does seem too good to be true, I'm probably going to buy some in the AM if I can at a good price.
I do have a question, the July 14th PR says the div date will be sometime in July, but they haven't announced it yetf, what are the chances of the date having already past?
posted
Up side if U find the downside let us know. I waited till that first run was over to buy my shares and did.
RUH- normally a stock doesnt announce the dividend date after it has past, they do it forward there fore pr. with their stock twice driving up the price.
good luck
Keith
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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quote:Originally posted by keithsan: Up side if U find the downside let us know. I waited till that first run was over to buy my shares and did.
RUH- normally a stock doesnt announce the dividend date after it has past, they do it forward there fore pr. with their stock twice driving up the price.
posted
There is no definite YES or NO to that question. We only can say that it's a better entry level now than it was a couple of days ago. Since there has been no bad news, that we are expecting something good and that after a very good run, the stock retrace to a comfortable level...it's more a speculative buy than a sell.
But everything can change in a sec. Just watch it go, make some DD and take your decision based on it...not on what anyone says...including me! :-)
GL
Malloy
quote:Originally posted by Breezer: is this a good time to still get in?
I just didnt want to jump into this stock if the dividend record date had officially passed..usually (well at least with regular Nasdaq stocks) they tell you well in advance when you have to be in.
One notable example was Conexant spinning off Mindspeed last summer I believe it was. Was nice to get in and make an overall profit on MND even though I lost money on the CNXT shares - spinoffs are cool.
posted
Well I jumped in with a small amount - but it looks good! If it's on the up and up that is..
Posts: 0 | Registered: A Long Time Ago!
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posted
So...FNRP hasnt been traded since March 12th? Is it in transitioning between exchanges then - from Nasdaq to OTCBB? Comes up as "undefined" on Scottrade's streamer for an exchange.
Posts: 0 | Registered: A Long Time Ago!
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posted
Congrats to everyone who got in! NEWS we were wating for!
Global Sets Record Date of July 30 for 7-1 Share Distribution of the Feinstein Report via COMTEX
July 22, 2004
RESTON, VA, Jul. 22, 2004 (MARKET WIRE via COMTEX) --
Global Explorations Inc. (OTC: GXXL) hereby sets the record date of the share distribution as of July 30th.
"All shareholders as of record of July 30th shall receive 1 share of FNRP for every 7 shares held of GXXL. More details shall be made available next week," stated Atul Mehta, PR Manager for Global Explorations Inc.
Global Explorations Inc is quoted on NQB Pink sheets as "GXXL."
About Global Explorations Inc.
Global Explorations in association with MillenniumSMS (http://www.MillenniumSms.com) develops SMS software for consumers and businesses. The company in the process of building a worldwide database of cell phone numbers which can be used as a marketing vehicle.
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. Mr. Mehta Public Relations (703) 478-3222 investors@millenniumsms.org
posted
here is the facts on FNRP they have around 3 million OS from pinksheets.com GXXL has operational control of FNRP and after dividend of GXXL FNRP will be under 12 million OS I not sure if 1.75 will hold for a year but with GXXL at the controls of FNRP which PR states I like the chances of it going up than down. Also GXXL stated in PR that they are working quickly to get FNRP listed on OTCBB which should be extreamly good news for GXXL and FNRP future share holders (GXXL share holders after July 30 are share holders of FNRP). GXXL should get back to .05-.06 range very soon IMO.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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posted
yeah looks good i watch it have a small dip today then i was lucky and jumped in.. remeber you can not pass up dividends its free money i think it will do great after everyone sees the news
Posts: 187 | Registered: Feb 2004
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posted
Good chance to get in. Hold it for the weekend - nothing wrong with that since everyones gonna buy it next week hardcore Posts: 1451 | From: Somersworth, NH | Registered: May 2004
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posted
yeah shoe looks like it had strong support and the bid moved up to the ask a few times. and you can never go wrong with free shares Posts: 187 | Registered: Feb 2004
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posted
So, any predictions on what this week will bring? Friday is the record date for the dividend. I wonder if any news is on the way.
Posts: 82 | From: Portland, OR, USA | Registered: Jul 2004
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