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Raven Moon's Board Approves 5-for-1 Forward Split to Reward Shareholders Who Hold and Acquire Stock in the Last Month of 2005 12/1/05
ORLANDO, Fla., Dec 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Raven Moon Entertainment, Inc. (OTC Bulletin Board: RVMN) announced today that its Board of Directors and majority stockholders approved a forward stock split on a 5-for-1 share basis. The record date for the forward split is December 31, 2005. The effective date will be January 30, 2006.
As a result of the forward stock split, every one outstanding share of the company's common stock will be exchanged for five new shares of common stock. Common stockholders are not required to take any action related to the forward split.
"The forward split will increase the holdings of our shareholders, including all those current and new shareholders who have exercised their 100- for-1 warrants before December 31, 2005," said Joey DiFrancesco, Chairman and CEO of Raven Moon. "We have been making good progress in executing our strategy of increasing the visibility of GINA D'S KIDS CLUB(R), which will increase demand for toys and other products based on the show's characters. Building a following is a lengthy process but we have come a long way since the show first aired in September 2004. We have produced 24 episodes of the show and expanded our market reach to include 227 stations that carry the show. Earlier this month, we signed an agreement with WPBT/Channel 2 in Miami to become public television's exclusive presenting station for our show. Further, American Public Television (APT) has offered the series for distribution, with a targeted June 2006 release. These activities represent our growth strategy, which is augmented by the 'Gina D's Reading Across America Program'(TM) and other public appearances to promote the show and reinforce its value to its pre-school audience. The 5-for-1 forward split and the 100-for-1 warrant dividend are two ways that we can show our appreciation for our shareholders for their loyalty as we work to grow the company."
ABOUT GINA D'S KIDS CLUB:
GINA D'S KIDS CLUB(R) was launched in September 2004 as a once-a-week series in selected markets. In November 2005, an exclusive agreement was signed with public television station WPBT Miami designed to expand the reach of GINA D'S KIDS CLUB(R) for pre-school and early elementary school-aged children on a premier pre-school destination like public television.
The program is a family friendly show that provides educational content in an original and entertaining format, at the same time inspiring and reinforcing positive values. Gina D (R) invites children to join her in a familiar yet highly imaginative world that is filled with original, uplifting songs, state-of-the-art animation, puppets and live action characters. The programs are produced by Emmy Award-winning executive producers Joey & Bernadette DiFrancesco for Raven Moon Entertainment, Inc. based in Orlando, FL.
quote:Originally posted by lilpennypincher: It says those that hold and aquire the last month of 2005
sorry lil, I dont mean to be stupid here but that means yes, if you buy shares now you'll be part of the split........ those who have shares in the last month of dec will get a forward split
-------------------- "We're just all victims of soicumstance." The 3 Stooges Posts: 346 | From: Indiana | Registered: Nov 2004
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As a result of the forward stock split, every one outstanding share of the company's common stock will be exchanged for five new shares of common stock. Common stockholders are not required to take any action related to the forward split.
-------------------- 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
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posted
500k so far at 3, got filled on the bid :-)
-------------------- 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
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posted
let her build some steam here in the 3-4 range, im looking at 6-8 for an exit
-------------------- 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
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-------------------- 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
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posted
there is no logical reason to F/S at these levels. why increase the float by 5x while cutting an already very low price by 1/5!. they did a 1 for 1000 R/S in july!! now have 517 million shares out. if it splits at 0005 it will be at 0001 post split with 2.5+ billion out! they will be selling huge numbers of shares at that level witch will increase the float by hundreds of millions if not billions of shares!, maybe a good day trade but a real gamble to hold! JMO!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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-------------------- 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
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-------------------- 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
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