posted
Just listened to Ray Prescott on warpradio...indication PR will be out tomorrow Tuesday October 18th with specifics about unfolding of U.S. marketing plan for VXBX as per Prescott
quote:Originally posted by jellybean: Its to bad the shares are restricted!!! Another scam for JPHC. Good luck everyone on your future picks.!!!! Might what to watch BHWK fly.
Though I'm wary of JPHC, this isn't a scam, since they did say the shares were going to be restricted. It was my fault for not looking into what that meant
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VoxBox Signs Major Sponsorship Deal With Braun Racing in the NASCAR Busch Series Market Wire - October 18, 2005 8:23 AM (EDT)
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VANCOUVER, BC -- (MARKET WIRE) -- Oct 18, 2005 -- VoxBox World Telecom Inc. (OTC: VXBX) announced today that they have signed a major marketing partnership with Braun Racing, based in Charlotte, North Carolina. VoxBox will sponsor Braun Racing in the NASCAR Busch series, starting on October 22nd in Memphis, Tennessee (the "Sam's Town 250" race).
"VoxBox's sponsorship of Braun Racing will be a critical component of our U.S. marketing strategy," said Ray Prescott, President and CEO of VoxBox World Telecom, Inc. "This is an incredible branding opportunity for VoxBox. We believe that this marketing initiative, combined with our aggressive direct marketing and grassroots marketing campaigns, will position the company very quickly for impressive growth in the U.S. VoIP market. We are currently the only VoIP company that is sponsoring a NASCAR series. NASCAR fans are the most passionate and loyal fans in sports. We are proud to be a new sponsor of Braun Racing and we look forward to building a strong relationship with Braun as we move forward."
"We are very excited to be working with VoxBox World Telecom, Inc. as a marketing partner," said Todd Braun, owner of the Braun Racing Team. "NASCAR is the #2 rated sport on television in the United States and NASCAR fans are three times as likely to purchase NASCAR sponsors' products. Ninety-four percent of these fans are more likely than the general population to have positive feelings about NASCAR sponsors. VoxBox's sponsorship of Braun Racing will give VoxBox an opportunity to reach an enormous audience that has demonstrated unparalleled brand loyalty in sports. Our sponsors are a key part of our team, and no one knows that better than our fans."
VoxBox recently signed an agreement with Macro Communications, an Atlanta, Georgia-based company, which will provide VoxBox with the network capacity to initially service up to 150,000 customers in the U.S. market. "As we ramp up our marketing efforts through our sponsorship of Braun Racing and through additional marketing channels, Macro Communications will provide us with an extremely solid foundation to serve our U.S. customers," Mr. Prescott said.
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quote:Originally posted by NomarKash: got my restricted shares today in my scottrade account. showing a zero value. now to find out how long they are restricted...
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Just got my RESTRICTED SHARES in my Penson Financial Services account!!! How long are they restricted? I would like to use this dividend to buy a stock that will make money!!! Please can someone contact JPHC to find out. There was no answer when I called. Good luck everyone!!!
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Restricted shares are subject to Rule 144. That's actually what they're called, Rule 144 shares. They have a minimum holding period of one year and even after that it can be a royal pain in the azz to get the restriction lifted and in a lot of cases it can cost more to lift the restriction than the shares are worth. Here's a small blurb from the SEC site:
"What Are the Conditions of Rule 144? If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year."
quote:Originally posted by Aquapurity: Do you still have to go through all the red tape even if you wait say three years?
After one year you can sell them by wading through miles of red tape. After 2 years they become free trading. Here's the statement from the SEC's site:
"If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions."
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This is terrible, I waited for these shares for a long time. Now I have them and they are worth nothing. I guess they will just look nice sitting in my account.
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As long as they're the same class of stock as regular common, which they should be, they would be subject to any dividends, splits, etc. that apply to unrestricted shares. If by chance there is a forward split though, your new shares would also be restricted and subject to the same holding period requirements.
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Anybody know what the date is to measure the two years? is it July 8th since that was the divvy date? So July 8 or 9 2007 were free to sell? Seem correct?
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