posted
why is this PR different from yesterday? ----------------------------------
First Canadian American Holding Corporation Further Explains Dividend
TORONTO, Dec 14, 2005 (MARKET WIRE via COMTEX) -- First Canadian American Holding Corporation (FCDH) yesterday announced that the Board of Directors has declared a stock dividend, payable to shareholders of record of December 21, 2005. The dividend will consist of one (1) free common share of Suncrest Energy Inc. (SNYY) for every six (6) shares of FCDH held on December 21, 2005.
Many shareholders were wondering if the shares are restricted and what would be the restriction period. The shares that the First Canadian shareholders will be receiving are restricted for one year as they are coming from a block of shares that was issued to First Canadian from the sale of assets to Suncrest which were originally restricted stock.
Based on yesterday's closing price of Suncrest stock (SNYY), the dividend amounts to a Twenty Cents ($0.20) value for each and every share of First Canadian held as of the record date. The price of Suncrest will fluctuate over the period of time just like any stock.
About First Canadian American Holding Corporation:
First Canadian American Holding Corporation is a holding company with subsidiaries that conduct operations in areas of digital television, radio and the internet under The Fight Network brand.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve 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. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
posted
something is not clear. i see SNYY at $1.20 and the PRs say .15 and .20. i can only get a quote on bigcharts, not stockcharts.
now if i buy $1000 worth of shares of FCDH at .0005, thats 2000000 shares. divide that by 6 and you get 333,333. now if you sell that at a $.20 pps you get $66,666...and at a $1.20...you get my drift.
posted
"Based on yesterday's closing price of Suncrest stock (SNYY), the dividend amounts to a Twenty Cents ($0.20) value for each and every share of First Canadian held as of the record date. The price of Suncrest will fluctuate over the period of time just like any stock."
That is the funniest statement I ever heard. I can't believe a company would even try to pull the wool over peoples eyes like that. Per pinksheets.com SNYY has a o/s of 1.6 million shares. The dividend will add around 400 million shares to the o/s diluting the o/s by nearly 25,000% and if the pps is avg. accordingly then the pps would be .0004 after the dilution is complete and then divide that by 6 for your dividend amount would be under .0001.
It is funny how they don't mention that aspect of it. Along with the fact that the company isn't going to allow these shares to become unrestricted until it can at least dilute its shares to match the new shareholders base so they can retain control of the company.
-------------------- Invest with your brain not with your heart.
IP: Logged |
posted
skyman, i did search Sandy... and found nothing really.
what i came up with is a small company that didn't do anything wrong, but also told the SEC on the phone that they werent filing their paperwork on time. With a profit of $35 and a loss of $1665 not sure i blame them... doesnt sound like it was much of a company.
Danbury wasnt even a public company. Sounds like they just peeved off the wrong person.
I'd be more concerned if these werent pinks, but they are and reporting isnt expected.
what do you all interpret when you read?
~BB
--------------------------------------------
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 52773/November 14, 2005 ADMINISTRATIVE PROCEEDING File No. 3-12063 ___________________________________ In the Matter of : : ORDER MAKING FINDINGS AND DANBURY FINANCIAL, INC. : REVOKING REGISTRATION OF : SECURITIES BY DEFAULT : ___________________________________
The Securities and Exchange Commission (Commission) issued an Order Instituting Proceedings (OIP) on September 30, 2005, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The OIP alleges that Danbury Financial, Inc. (Danbury), a company with securities registered with the Commission, is delinquent in its periodic filings.
Danbury was served with the OIP on October 24, 2005. (Order Finding That Service Occurred, Oct. 26, 2005.) The OIP specified that Danbury shall file an Answer to the allegations in the OIP within ten days after service.1 (OIP at 2.) Pursuant to Rules 155(a) and 220(f) of the Commission’s Rules of Practice, Danbury is in default for failing to answer the OIP or to otherwise defend the proceeding. Accordingly, I find the allegations in the OIP to be true. See 17 C.F.R. §§ 201.155(a), .220(f).
Findings Danbury, formerly Hornblower Investments, Inc., was a Colorado corporation based in West Vancouver, Canada. The Colorado Secretary of State dissolved the company on July 1, 2003. A class of equity securities of Danbury was registered with the Commission on March 13, 2001, pursuant to Exchange Act Section 12(g). Danbury’s stock has not been publicly traded. Danbury is required to file reports pursuant to Section 13(a) of the Exchange Act. The Commission assigned Danbury a Central Index Key No. 1136464 for filings made with it.
1 The Division of Enforcement (Division) represents that it sent Mr. Sandy Winick (Winick), Danbury’s President & Chief Executive Officer, a letter dated October 13, 2005, confirming a phone conversation in which Winick represented to the Division that Danbury would not respond to the OIP or attend any prehearing conference.
2 Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports on Forms 10-K or 10-KSB, and Rule 13a-13 requires issuers to file quarterly reports on Forms 10-Q or 10-QSB.
Danbury is delinquent in its periodic filings with the Commission, and has not filed a periodic report since it filed a Form 10-QSB for the quarter ending March 31, 2002, which reported that Danbury had assets of $35 and a net loss of $1,665. See Appendix 1. I find, therefore, that Danbury has failed to comply with Section 13(a) and Rules 13a-1 and 13a-13 thereunder. Section 12(j) of the Exchange Act authorizes the Commission, as it deems necessary or appropriate for the protection of investors, to deny, to suspend for a period not exceeding twelve months, or to revoke the registration of a security. Based on these facts, I find it necessary and appropriate for the protection of investors to revoke the registration of each class of Danbury’s registered securities.
I ORDER THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of each class of registered securities of Danbury Financial, Inc., is hereby REVOKED. This order eliminates the need for the prehearing conference scheduled for November 21, 2005, and that prehearing conference is hereby CANCELED.
_______________________________ Brenda P. Murray Chief Administrative Law Judge
posted
Read the same, no biggie.. Now you show me a news report of fraud or attempting to commit fraud..then we'll talk. Sometimes you just gotta know when to throw in the towel on a business. Seems like he's found his niche now imo.
IP: Logged |
posted
Starting to feel liked we're about to be QBIDed, ie. (enroned)... i hope i'm wrong but am thinking about unloading 1/2 my position just in case.
posted
I believe the dividend will be shares of stock not a cash dividend of 15 or 20 cents. The value of the stock will fluctuate.
I agree that Danbury Financial probably wasn't going anywhere, so he just threw in the towel.
TFN will probably be worth something, I would like know how much of that worth will show up in the price of FCDH stock. Did you notice no trades so far on FCDH today?
IP: Logged |
TFN will probably be worth something, I would like know how much of that worth will show up in the price of FCDH stock. Did you notice no trades so far on FCDH today? [/QB]
Huh? only 51 mil traded...you probably mean the 6 for 1 shares...SNYY
posted
im showing plenty of FCDH trades today... including a few biggies.
0.0006 12000 OTO 09:50:18 0.0006 4330000 OTO 09:46:36 0.0006 4330000 OTO 09:46:31 0.0006 750000 OTO 09:44:02 0.0006 100000 OTO 09:40:02 0.0006 6898 OTO 09:38:05 0.0006 493002 OTO 09:37:48 0.0006 5000000 OTO 09:36:48 0.0006 5000000 OTO 09:33:58 0.0006 500000 OTO 09:33:53 0.0006 70000 OTO 09:31:29 0.0006 100000 OTO 09:30:36 0.0006 1000000 OTO 09:30:32 0.0006 750000 OTO 09:30:08 0.0006 125000 OTO 09:30:08 0.0006 350000 OTO 09:30:07 0.0006 375000 OTO 09:30:05 0.0006 1900000 OTO 09:30:05 0.0006 180000 OTO 09:30:04 0.0006 100000 OTO 09:30:04 0.0006 85510 OTO 09:30:04 0.0006 1000000 OTO 09:30:03 0.0006 462250 OTO 09:30:03
posted
Looks like buys. If you have Scottrade (sky) click on settings on the streamer, then check show T&S. New window shows buys in green, sells in red.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
First Canadian American Holding Corporation President Buys Stock Dec 14, 2005 12:39:00 PM TORONTO -- (MARKET WIRE) -- 12/14/05 -- First Canadian American Holding Corporation (OTC: FCDH) announced today its president -- Sandy Winick -- has purchased shares in the company out of the open market.
"I am committed to this company for the long term and I want to show that to all the shareholders that have shown me support," says Sandy Winick. "I will continue to support the company. Buying shares personally is one way and that is exactly what I will do."
About First Canadian American Holding Corporation:
First Canadian American Holding Corporation is a holding company with subsidiaries that conduct operations in areas of digital television, radio and the Internet under The Fight Network brand.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve 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. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
quote:Originally posted by Akira_Lapin: Maybe he only bought nine hundred and eleven shares.
LOL. It should eventually be on pinksheets.com under SEC filings... I'm really beginning to think those supposed signals mean little or nothing - except maybe to make us think something is happening.
IP: Logged |
posted
CEO buying. Thats always encouraging to me. Sandy Winick told me the other day in my question session on the phone that US carriage is in the works and that, "they are hard to deal with", were his words. I hope he can handle it.
IP: Logged |
posted
I'll tell you what; have Sandy tell us who he wants to carry TFN, or who he's talking to. I and, I'm sure, many others will call them and tell them we want the channel. I have Comcast, and if I have enough info, I'll certainly tell them I want the channel. They know from my PPV bill that I'm a big spender for UFC, K-1, and Pride events, not to mention the big boxing events that aren't carried on HBO & ShoTime.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)
