posted
You'll receive 200 shares for every 1 share you own as of July 1st
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Hmmm, that's an odd strategy. The dilution would be massive!
-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
I just did some math... I think it has to be 200 of my shares for 1 of GBBI. If it's the other way around, JHPC LOVES their investors.
-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
I think the recent move to pink sheets have rattled a lot of cages, and no one has lots of confidence in JPHC.
-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
Yes...good to see that they clarified the ratios
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Yeah, if I got 200 for every 1 of mine, I'd be pretty damn rich.
-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
Just curious as to how much effect the dilution will effect the GBBI stock. GBBI SP is sitting at .095 right now....wonder how far it will drop with the distribution of the dividend shares...
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
I don't know if it means anything, but the shares of GBBI we'd recieve would be restricted, not common. Maybe that wouldn't lower the PPS?
-------------------- Long term investments are simply day trades that didn't work. (except QBID :P) Posts: 292 | From: Worcester, MA | Registered: Apr 2005
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posted
I am interested in knowing how many shares the other holders have? I have about 1.7mill. What do you guys have and what is your target price for selling?
posted
I have 2.6 mil. This quote seems to be a lost cause. A lot of dilution and late fillings. Some good news (dividend) but...So, i am planing to sell between .0012-.0019 but i am really not sure that the price will rise at this level.Maybe sell at lower price.
Just see what is hapening the next few weeks.
Good luck.
Posts: 2 | Registered: Jun 2005
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posted
I only have 750K, but with the GBBI dividend I stand to make $400+ on that alone, if price stays close to what it is now. With the Promo Staffing break off soon, who knows the dividend or starting price? Seems like money to be made.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
I'll try to get it straight for ya stockmover:
1. JPHC will sell it intrest in VOXBOX to GBBI, so that GBBI can own VOXBOX as a whole and change its name to become a public traded company.
2. In return GBBI will give or sell JPHC 3.5 to 5 million shares of their company.
3. JPHC in turn will divide those shares among its shareholders. Those shareholders who own JPHC at close of the traading day July 1 that is.
4. The ratio 200 to 1 means that for every 200 shares of JPHC you own, you will get 1 share of GBBI.
% GBBI wont pay a dividend for your shares, the shares ARE the dividend.
Hope that helps. Let me know if i missed something or made a mistake people.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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THANKS FOR THE CLARITY! Now my last question is this. With us getting 1 for every 200 shares, will we still own JPHC shares and then GBBI shares at the same time? Or will these be traded in, for the most part?
Yes, you will still own all shares of JPHC. Companys give out dividends like free shares. Keeps people lookin at the stock and gets the company noticed. After July 1, (may be days or weeks, dont know) when they give out the shares, they will be on your positions screen on your brokers web site.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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Global Bancorp Inc. Announces the Company Has Received Shareholder and Board of Director's Approval to Change the Company Name to VoxBox World Telecom, Inc. and to Issue a Forward Split of the Company's Stock on a 10 - 1 Basis Effective July 06, 2005
VANCOUVER, BC, Jun 24, 2005 (MARKET WIRE via COMTEX) -- Global Bancorp Inc. (OTC: GBBI) today proudly announced that it has received shareholder and Board approval to change the company name to VoxBox World Telecom, Inc. and to issue a forward split of the company's common stock on a 10 - 1 basis. These approvals will be effective on or about July 06, 2005. All shareholders who own shares of Global Bancorp Inc. as of close of business on July 5, 2005, will be entitled to the forward split.
Global Bancorp (Global or the Company) is incorporated in Nevada, and has its corporate office in Vancouver, British Columbia. Global's corporate objective is to become a leader in advanced digital media technologies including Video on Demand, Voice Over Internet (VoIP), and a smart card bank platform for future integrated commerce and eCommerce applications such as Web-Enabled ATMs (personal banking in the home).
This release contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Contact Information Global Bancorp Inc. Phone: 1 604 288 8292
SOURCE: Global Bancorp Inc
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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You will receive 1 share of GBBI for every 200 shares of JPHC that you own as of July 1st.
Now GBBI is doing a 10-1 F/S for owners of record as of July 5th.
I guess the big question is, what is the payout date for the GBBI shares for JPHC owners as of July 1st.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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1. At the end of the tradin day July 1 JPHC holders will be entitled to a 200:1 dividend of GBBI.
2. On July 6 GBBI does a forward split. In my mind,(Again Im no guru) that means that the few shares of GBBI I do get multiply by 10 on July 6.
3. Seems good all around. Oh, did you see also that around the 17TH of June, they are gonna spin off with Promo Staffing? More dividends? Right now I can"t see too many bad things with this company.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
Sorry, ment July 6 on the split date. My mistake.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
Dammit! I ment July 5 on the split date. {sigh} Twice in one day. Need vacation.
-------------------- "Remember... no matter where you go, there you are." - Mad Max Beyond Thunderdome Posts: 261 | From: BFE | Registered: Jan 2005
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posted
Nomed, you don't have to add a post to correct a mistake; you can edit any post by clicking on the paper/pencil icon in the upper right. Anyway, it looks good, as long as our GBBI shares are distributed by July 5th (July 1 is the effective date, but I'm not certain it is the execution date).
Posts: 81 | From: New Jersey | Registered: Apr 2005
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posted
Lets hope we dont get the forward split shares of GBBI. I mean 1 new Voxbox for 200 JPHC.
Posts: 425 | From: NL | Registered: Jun 2005
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200 shares of JPHC = 1 share of GBBI on July 1st
On July 5th, GBBI 10-1 F/S would give you 10 x your 1 share of GBBI giving you 10 shares of GBBI.
So essentially, you'd be getting 10 shares of GBBI for every 200 shares of JPHC on a post forward split basis.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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