The reason why I like this company is that they are a pink sheet about to get filled with assets…..The current owner of GRDX is going to “give” a large portion of stock to the new owners and keep a certain percentage of shares for his own personal portfolio, while spinning all the current assets into a new company of which we as GRDX shareholders will receive a Dividend in the new company, while maintaining all our shares of the newly filled shell.
To me, this means that they quickly figured out it was cheaper to acquire some pink she et shell (providing the current owner with a small percentage of shares to keep), fill it with their own assets and obtain their own private financing, than it would be to have an IPO, where the investment bankers pocket a large percentage of the potential offering and proceeds.
In the second pr.... they announce that the current GRDX assets will be cleared out and put into another company. This is because the WHA wants a clean shell without any other baggage to have to deal with! I think that the team owners do not want any other entities, like golf or real estate, to compete with their financing.
Now, everyone knows that the NHL has agreed to a new owners/players contract…
However, how much of a pay cut did the players have to take??? There are going to be a lot of star players upset about losing so much $$$ and could easily be swayed to move if the dollar is right. On top of that, there are plenty of smaller markets dying to get a professional sports team. This is just the start of the new league and may take a year or two to become viable, but they have already done it once before and they can do it again. And with a notable celebrity player as the new commissioner.. Namely the Golden Jet himself… Mr. Bobby Hull…. There will be plenty of investors that he will have access to help get this thing launched!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
http://www.primezone.com/newsroom/?d=79422 The World Hockey Association and The U.S. Pro Golf Tour to Merge With Park Hill Capital II, Inc. to Create a Publicly Traded Sports Marketing and Management Company NEW YORK, June 6, 2005 (PRIMEZONE) -- Park Hill Capital II, Inc., a U.S. public company soon to be publicly trading on a U.S. exchange, announced today that after several months of confidential negotiations, it will acquire the World Hockey Association and the U.S. Pro Golf Tour to create a complete professional sports marketing and management company to be renamed Major League Sports Corporation. Under the terms of the acquisition agreement, the company will issue fourteen million common shares to acquire both companies and will complete an initial private placement and public financing of up to $60,000,000 with the services of Finkelstein Capital Inc. of Montreal and Westminster Securities Corporation, a New York Stock Exchange Member. The World Hockey Association first took the sports world by surprise in 1972 launching a very successful attack on the National Hockey League (NHL) by attracting the superstars of the time to play in the new league where a mutual respect of owners, players and fans reigned. This new corporate and financing structure will enable the WHA to launch its operation and effectively revive the sport of professional hockey, with a minimum of six teams in cities yet to be announced, in time for the 2005 and 2006 season. Hockey Hall of Famer Bobby Hull is at the center stage of this rebirth serving as the new league's commissioner. Mr. Hull and his associates bring an abundance of hockey experience together with a refined business model strategically aligned with the economics of today's professional sport industry. With the financial backing of investors in place, the WHA is in a unique position to attract star players, like in its previous life when Wayne Gretzky, Mike Gartner, Gordie Howe, Paul Henderson, Rejean Houle, Norm Ullman and Frank Mahovlich, all played for the league. "After already receiving hundreds of current NHL, AHL and other league player inquiries, we expect that a good number of both star players and up and comers will join us in this new and exciting rebirth of both the WHA and the sport of professional hockey. We believe they will welcome this new league, one that respects fans, players, shareholders, sponsors and perhaps most importantly, the integrity of the game," said Richard Smith, President of the WHA. www.worldhockeyassociation.net The business model of the WHA includes plans to expand over the next 5 years with up to 16 franchises in North America and 16 in Europe. Revenue sharing between home and away teams will be implemented and corporate sponsorship will play a significant role in bringing professional hockey back to the fans.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
Grand Lux, Inc. Signs Letter of Intent to Purchase World Hockey Association Corporation ORLANDO, FL -- (MARKET WIRE) -- 07/18/2005 -- Grand Lux Inc. (OTC: GRDX), today announced that it has signed an letter of intent (LOI) with World Hockey Association Corporation to purchase the company for stock. Upon completion, the present board of directors of Grand Lux, Inc. will resign and be replaced by the directors of World Hockey Association, which includes among others R. (Butch) Goring and Robert Marvin Hull. Grand Lux, Inc. will be spinning out all current assets into Marinas International Inc. and will provide Grand Lux, Inc. shareholder a one (1) share dividend of Marinas International Inc., for every ten (10) shares of GRDX. The Marinas International Inc. new symbol and dates will be announced in the near future as they become available. About Grand Lux, Inc. Grand Lux, Inc. is a company that focuses on upscale real estate development around the world. Its emphasis is on building marinas for large yachts, being 160 feet and above, and developing and pre-selling real estate whether condos or villas to the yacht owners. The benefits of our company offerings are manifold. It is a recession-proof industry and many yacht owners have already expressed a strong interest in purchasing berths in the marinas. Thus, appropriate real estate will be developed to meet their needs.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
I'm buying. Looks like the MM's are short on shares. Should take off like a rocket.
Posts: 1271 | From: Sincinnati , Ohio | Registered: Feb 2005
| IP: Logged |
posted
.01.... 60K shares.... it jumped to .012 immediately after it filled... they have ZERO shares to sell...
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
quote:Originally posted by jakeo: already up 50%- what u buy in @ FoT?
It is up that much because they closed it at the bid yesterday when the ask was .01!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
UP 71% today ON LITTLE VOLUME! You go FOT.....You are da' MAN! LET'S GET THE 2's.....Wait till the big volume comes in! WHOOOOO-HOOO! Jmoove....did you get any?
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
| IP: Logged |
posted
finally filled at .012, tried for .01 at open, ask even went there fore a brief moment, after fot's order bumped it, and i didnt get filled
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
Grand Lux, Inc. will be spinning out all current assets into Marinas International Inc. and will provide Grand Lux, Inc. shareholder a one (1) share dividend of Marinas International Inc., for every ten (10) shares of GRDX. The Marinas International Inc. new symbol and dates will be announced in the near future as they become available.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
This is what happens when a pink sheet gets filled with some assets!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
| IP: Logged |
posted
i did some reading last night on this after microcaptrade spit this out, had an order in after reading the two prs above. And for all that think this is a group pick, its not, FOT has found a gem of a co here.
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
how long of a hold do you think FOT? Lil? im thinking 3-4weeks maybe longer? thoughts?
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
