posted
We should know something shortly about the MMs
I am confirming that I received your telephone message and that we received your complaint concerning UBS.
We have sent your complaint to the firm’s compliance department and asked them to respond directly to you. We also asked the firm to send us a copy of their letter to you.
Please do not hesitate to contact me if you have any questions.
Sincerely,
BRENDA E STANFIELD U.S. Securities and Exchange Commission (202)551-6316 Tue 3/21/2006
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
IP: Logged |
Transworld Oil and Gas Ltd. Announces Completion of Negotiations for the Acquisition of 100% of TWOG HOUSTON, TX -- (MARKET WIRE) -- 12/09/2005 -- Transworld Oil and Gas Ltd. (OTC: TWOG) announced today that it has completed negotiations for the share acquisition of all shares of TWOG. Shareholders will receive shares in the new company with a minimum value of $0.085 per twog share.
Management is recommending acceptance of this offer and mailings will be sent to shareholders shortly to provide the opportunity to vote on this deal. Management anticipates the completion of this offer prior to the end of February 2006.
About Transworld Oil and Gas Ltd.
Transworld Oil and Gas Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short- and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
IP: Logged |
I'm new to the market, so I'm trying to learn all I can. Any good sites or books I could read that would teach me about reading charts? Thanks.
IP: Logged |
posted
ILGY is up at .082. I think that is good news for TWOG shareholders. If ILGY in the next week continues to go above a dollar I think TWOG pps will go up accordingly.
IP: Logged |
posted
Read in another board: "ETrade charges for mergers, splits, reorganizations and has already charged for this one" "Cutoff next week" "New shares by 4/15"
Can anybody confirm?
Also, in the PR: Shareholders of record on March 25, 2006 are expected to receive the dividend by the second week of April 2006.
Is March 25th the cutoff date? Careful with this, you may not want to sell before time.
IP: Logged |
posted
No matter how you look at it today did not matter one way or the other. IF tommorrows record date is the actual cut-off(I doubt this)Purchases would have had to be made no later than yesterday. Since it takes 3 days for a trade to settle. In other words the day you trade plus 2 days. Thursday at the very latest.
Now if it's as I believe that the record date was for bookkeeping only then the stock will be freely traded until the day before being switched over to ILGY shares. This is somewhat borne out since nothing has been posted on the OTCBB daily list yet. It should usally be posted 10 days prior to the event.
There will probably be a PR on Monday clarifiying all this.
IP: Logged |
posted
Hopefully a PR clarifying everything. If the company doesn't issue anything there will be panic selling and the pps will suffer.
If they issue a statement that the deal is on track and a date that the stock will be merged into IGLY then we may see a slight bounce. I just don't believe the action will actually occur on this stock until the final week which according to the last PR is the second week of April.
Short term sideways or down, mid term it will probably go to .04-.075.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
