posted
There is also possible CASH dividend to Class "A" common stock holders and the possibility of a reverse split.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
and they filed for a reverse split last year which is going to go into effect any day now
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |
posted
Where is your information comming from that states they are going to do a reverse split any day now? The only thing I can find is that they wanted share holders to give them the right to do one but nothing definitive has been stated as far as I have seen.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
Play at your own risk..........I have had to stock for over a YEAR....and NOW its starts to get volume after fileing for a split.... hmmmm you can ride it out, but let me tell you, THEY WONT TELL YOU WHEN THEY ARE GOING TO SPLIT..they arnt stupid>!
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |
posted
They have to tell you. They can't just RS monday morning without notification.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
i set a small position in ivoc screw it let's see what happens. the weekly chart looks good enough for a small position.
RISK = REWARD
the devil is in the details = DD
-------------------- THE DEVIL HIDES IN THE DETAILS (DD) DO YOUR DD BOOOYAH :) Posts: 345 | From: central florida | Registered: Oct 2005
| IP: Logged |
posted
Really .........I have had plenty stocks do a R/S I dont remember an email or a phone call?????
You own them...you are expected to keep of with them. LOL..you act like your on the board of directors...lol....you didnt get the email..lol
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |
"The information statement shall be sent or given at least 20 calendar days prior to the meeting date or, in the case of corporate action taken pursuant to the consents or authorizations of security holders, at least 20 calendar days prior to the earliest date on which the corporate action may be taken."
....
If I am interpreting this wrong, please, someone correct me. TIA.
NR
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
| IP: Logged |
quote:Originally posted by nar31977: Really .........I have had plenty stocks do a R/S I dont remember an email or a phone call?????
You own them...you are expected to keep of with them. LOL..you act like your on the board of directors...lol....you didnt get the email..lol
I never said each individual is notified. From what I have seen, a PR is released notifying the general public of the intention to RS. I following everything happening with the stocks I have a position in on a daily basis. I may not be on the board of directors but my money is invested in these companies. When people post unfounded accusations it can hurt the stock.
The 20 days seems to be correct as far as I can tell. A PR will probably be issued. I owned stock in AVN when they did a split last month. Following is a link to the Press Release 13 days prior to the RS taking effect.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by wallymac: [QUOTE]Originally posted by nar31977: [qb] Really .........I have had plenty stocks do a R/S I dont remember an email or a phone call?????
You own them...you are expected to keep of with them. LOL..you act like your on the board of directors...lol....you didnt get the email..lol
I never said each individual is notified. From what I have seen, a PR is released notifying the general public of the intention to RS. I following everything happening with the stocks I have a position in on a daily basis. I may not be on the board of directors but my money is invested in these companies. When people post unfounded accusations it can hurt the stock.
The 20 days seems to be correct as far as I can tell. A PR will probably be issued. I owned stock in AVN when they did a split last month. Following is a link to the Press Release 13 days prior to the RS taking effect.
I'm not saying that they can't announce a RS anytime they want, just that if they decide to do a RS there will be an announcement of the execution date which comes at a later time.
In other words, you don't wake up one morning to find out that your shares have been Reverse split.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
| IP: Logged |
posted
3-22-2004 AFRR.... I was at work during their R/S announcement... I never had a chance to sell before it was completely worthless.
When they announce a R/S you better be ready to sell, because smart investors will be long gone and on to new and better things.
quote:Originally posted by wallymac: Just so there is no misunderstanding.
I'm not saying that they can't announce a RS anytime they want, just that if they decide to do a RS there will be an announcement of the execution date which comes at a later time.
In other words, you don't wake up one morning to find out that your shares have been Reverse split.
iVoice Inc. (OTC: IVOC) shares gained 40.0% last Friday to finish up last week at $0.0007 per share, with approximately 865 million shares traded. iVoice has determined that the best way to create shareholder value, separate and apart from the operating performance of iVoice, is to implement new business opportunities by distributing shares of spin-offs to the Company's shareholders. The common stock distributions are part of a broader strategy relating to the transition of iVoice into a company focused on the development and licensing of proprietary technologies.
- Does this mean theres more Spin-Offs in the near future?
Posts: 145 | Registered: Oct 2003
| IP: Logged |
Entry into Material Agreement, Other Events, Financial Statements and Exhibits
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On January 6, 2006, iVoice, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Agreement") with Thomas Pharmaceuticals, Ltd. (f/k/a iVoice Acquisition Corp.), a New Jersey corporation ("Thomas NJ"), a wholly owned subsidiary of the Company, Thomas Pharmaceuticals Ltd., a New York corporation ("Thomas NY"), Farris M. Thomas, Jr., an individual ("Thomas"), John E. Lucas, an individual ("Lucas") Richard C. Brogle, ("Brogle"), Nina Schwalbe, an individual, "Schwalbe"), John H. Kirkwood, an individual ("Kirkwood"), and Maureen Gillespie, an individual ("Gillespie") (Brogle, Schwalbe, Kirkwood, Gillespie, Thomas and Lucas are collectively as the "Shareholders"). Under the terms of the Agreement, Thomas NY merged into a wholly owned subsidiary of the Company, Thomas NJ. The Shareholders of Thomas NY exchanged all of their common stock shares of Thomas NY for 500,000 Thomas NJ Series A Convertible Preferred Stock ("Series A Preferred Stock") shares. The Series A Preferred Stock shareholders can elect to have the Company spin-off Thomas NJ from iVoice. The Company can elect to spin-off Thomas NJ from iVoice anytime after the first anniversary of the merger of Thomas NY into Thomas NJ. The following additional documents and/or transactions were completed as part of the Agreement:
a. The Company purchased $325,000 of Thomas NJ Series B Convertible Preferred Stock ("Series B Preferred Stock"), a $360,000 10% Secured Convertible Debenture issued by Thomas NJ (the "Initial Convertible Debenture") and a $100,000 10% Administrative Service Convertible Debenture ("Administrative Debenture"). The Administrative Debenture was issued by Thomas NY to compensate the Company for the administrative services that it will provide to Thomas NY under the Administrative Services Agreement. The purchase of the Series B Preferred Stock and the Initial Convertible Debenture provided working capital to Thomas NJ.
b. The Company also agreed to purchase an additional debenture in the principal amount of at least $225,000 on or before April 30, 2006 and additional $225,000 of Series B Preferred Stock on or before April 30, 2006. Finally, the Company further agreed that if Thomas NJ generates sales of $1 million in the period beginning on January 1, 2006 and ending on September 30, 2006, then the Company will purchase from Thomas NJ an additional debenture in the principal amount of at least $200,000 on or before December 31, 2006 and an additional $200,000 of Series B Preferred Stock on or before December 31, 2006.
c. A Security Agreement was execute by the Company and Thomas NJ to secure the obligations of Thomas NJ under the various debentures set forth above.
d. The Company also entered into a Registration Rights Agreement whereby it agreed, upon the common stock of Thomas NJ being registered under the Securities Exchange Act of 1934, as amended, to registered 1 billion shares of Thomas NJ common stock that will be issued upon the conversion of the convertible debentures, the Administrative Debenture, the Series A Convertible Preferred Stock and the Series B Convertible Preferred Stock.
e. Thomas NJ entered into an Employment Agreement with Farris M. Thomas, Jr. to serve as its President through December 31, 2008 at an annual salary of $72,000 with annual cost of living increases. Additionally, Mr. Thomas will receive incentive compensation equal to 2.5% of net sales in excess of $1 million in fiscal 2006 and 2007 and 4% of net sales over $6 million in fiscal 2008.
f. Thomas NJ entered into an Employment Agreement with John E. Lucas to serve as its Chief Executive Officer through December 31, 2008 at an annual salary of $72,000 with annual cost of living increases. Additionally, Mr. Lucas will receive incentive compensation equal to 2.5% of net sales in excess of $1 million in fiscal 2006 and 2007 and 4% of net sales over $6 million in fiscal 2008.
SECTION 8 - OTHER EVENTS
ITEM 8.01 OTHER EVENTS.
On January 10, 2006 the Company issued a press release entitled: "iVoice Completes Acquisition of Thomas Pharmaceuticals" that is attached herein as Exhibit 99.1.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
D) EXHIBITS
99.1 Press release dated January 10, 2006 entitled: "iVoice Completes Acquisition of Thomas Pharmaceuticals"
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
