posted
I dont think we would get anyone into this on a Friday. It will only get volume on a PR. We are at the mercy of the Divy and PR.
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
ILGY does not have anything to do with TWOG anymore, you get your ILGY shares for whatever TWOG you've had march 25 and that's it, TWOG is a floating shell company right now which will reverse merge with some private company one day, might be monday or 6 months from now, got nothing to do with divy whatsoever.
Posts: 122 | Registered: Mar 2006
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posted
Just remember - they still have to file and you can still buy TWOG and you will get the ILGY Divy throughout the one day before the Ex-Date. Those are the rules and they must follow them.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by JHenry: Just remember - they still have to file and you can still buy TWOG and you will get the ILGY Divy throughout the one day before the Ex-Date. Those are the rules and they must follow them.
I thought this was answered before, but JHenry are you saying..........
That if I buy 10000 shares of twog, I'll get 1000 shares of ILGY and the divy because they havent set the ex-date or what?
Just making sure its clear for the newbies
Posts: 135 | From: DC | Registered: Dec 2005
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There has to be an official comunication from NAS about the ex-date. The date is not set by the company.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
They did not have to to write it as they almost missed the plane to the carribean... they got my money too.. nothing to do but wait and see...
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
This wait and see is killing me. Got money tied up in this damn stock that could be making money else where. They better pay the divy haha
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
Just imagine for a minute ILGY and TWOG are owned by the same people in the first place...no merger, what merger..money is gone!!! Just by the grace of GOD will we get out with some money!!
Posts: 2063 | From: Europe | Registered: Feb 2006
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posted
interesting the 2000 shares of ILGY you sold were they shares you received from BDW? and how long did it take to sell? thanx
Posts: 230 | From: florida | Registered: Feb 2006
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posted
Yes, they were the shares converted from BDWH. The sell executed in about a minute or two.
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
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posted
TWOG ON OTCBB DAILY LIST TODAY. LOOKS LIKE THE X-DATE IS 04/20/2006, RECORD DATE 04/24/2006 AND PAYMENT DATE 05/01/2006. One restricted share of International Energy Ltd (OTC: ILGY) for every 10 shares held.
-------------------- Michael Posts: 2 | From: McLean, Virginia | Registered: Apr 2006
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posted
restricted? that means we can't sell them when we get them?! I mean anything can happen to those ILGY shares in the meantime, right? i don't know man... still holding 100k shares (at a loss currently), would be nice to see them green again Posts: 304 | From: Belgium | Registered: Jan 2006
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Dividend Type: Stock Div. payable in another company Dividend Amount: +stk
Notes:
+One restricted share of International Energy Ltd (OTC: ILGY) for every 10 shares held.
-------------------------------------------------
Well, it starts to make sense.
Dates are defined. Just need to know the conditions of the restriction.
I think this should go up again. May double tomorrow.
Market will define the discout for the ones that want to sell before the conversion to ILGY and not wait the restriction period. Currently the discout is 85%, I think an appropriate discount would be 15% to 20% (TWOG at .055 to .050) considering ILGY stays at .65.
If I don't get a good amount for TWOG I'll keep the ILGYs. After all the restriction period is to assure ILGY goes higher.
posted
I guess we have to wait another month, because Investor relations at ILGY just don't exist.
I have seen restrictions for months to years, also restrictions can be for volume, with discounts, restrictions to vote and participate in company meetings, etc. A complete contract with the conditions is defined. I guess here is where the .85 appears. Have to wait and see.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
why did the last PR mention the 25th of march as the record date by which time you needed to have the TWOG shares, because that doesn't have anything to do with what we're seeing here (or am I missing something). Someone care to explain? thanks
Posts: 304 | From: Belgium | Registered: Jan 2006
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