posted
Hey, Stickfigurefred. Please explain the MGGL operation, I think it is important in here.
I know they have some kind or joint venture and is one of the reasons that make me decide on going in with this.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
Does this mean the same thing as the one on March 15th. I don't get - can we play some other things until April 24th and then get paid the dividend at May 1st. Why was a date of March 25th given out then? Can someone explain this one?
posted
I think this is starting to shape up now with solid ex-div date and ILGY with new pr , we should see more good news coming out prior to 4/19 and hopefully ILGY back to .80 or more and TWOG going .02 or .03
Posts: 230 | From: florida | Registered: Feb 2006
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This is not related to the divy, but it is great. -------------------------------------------------
Press Release Source: International Energy, Ltd.
International Energy, Ltd. Finalizes Agreement for 25% Ownership of Magellan International Energy Tuesday April 11, 3:40 pm ET
ORLANDO, FL--(MARKET WIRE)--Apr 11, 2006 -- International Energy, Ltd. (Other OTC:ILGY.PK - News), has finalized an agreement with Magellan Energy, Ltd. (Other OTC:MGGL.PK - News). Under the new finalized agreement, International Energy, Ltd. will become a 25% owner in Magellan International Energy, Ltd, and its operations. Magellan is currently planning on becoming an independent oil & gas producer.
About International Energy, Ltd.
International Energy, 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, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
With the divy we also have part of Magellan International Energy.
Note the "International Energy" in the name of Magellan. I mentioned that on a post about a month ago.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
I like it - still going as planned. This should pop pretty good by the 19th for last chance takers.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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TWOG will probably dissolve or merge into ILGY and we will have shares of ILGY. The shares should appear in your account as a 10 to 1 conversation as ILGY
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
Im not an expert on this, but why does everyone keep saying it's going to be a conversion into ILGY shares when both the pr AND otcbb.com use the words "stock dividend". To me that's just what it is, a dividend! I'm not doubting any of you, just an honest question, I'd like to know why you think it's going to be a conversion and not just a dividend in the form of shares.
quote:Originally posted by Opethian: Im not an expert on this, but why does everyone keep saying it's going to be a conversion into ILGY shares when both the pr AND otcbb.com use the words "stock dividend". To me that's just what it is, a dividend! I'm not doubting any of you, just an honest question, I'd like to know why you think it's going to be a conversion and not just a dividend in the form of shares.
thanks
correct
ILGY shares will be a div.
Mergers are expensive with lawyers and are to be avoided.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
the original PR from BDWH wich is now ILGY stated they had agreed to purchase 100 percent of the outstaning shares of TWOG so how can this be a divy? even though thats what the PR clearly stated, I`m confused!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
ORLANDO, FL, Mar 15, 2006 (MARKET WIRE via COMTEX) -- International Energy, Ltd. (OTC: ILGY), formerly BDW Holdings, Ltd., has finalized an agreement with Transworld Oil & Gas (OTC: TWOG). Under the new finalized agreement, International Energy, Ltd. will purchase all assets of Transworld Oil & Gas for stock and Transworld Oil & Gas will dividend out these shares to its shareholders.
Each Transworld Oil & Gas shareholder will receive one (1) share of International Energy, Ltd. for every ten (10) shares of Transworld Oil & Gas. Shareholders of record on March 25, 2006 are expected to receive the dividend by the second week of April 2006. Further transaction dates and details will be announced in the near future.
About International Energy, Ltd.
International Energy, 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, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.>>>>>>>>>> sorry forgot about the NEW agreement
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
7 of 9 tomorrow we'll try again with Simon. With the Magellan deal even ILGY can go up.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
The only thing that should be confusing is the value of the shares you recieve. We will recieve a dividend because twog will have no value and it is based on the number of shares (investment) you have in twog. I expect to still have one hundred thousand shares of twog when this is done, except they will have no value. I suspect that this method was found to be the most advantagous for the new owners. We just have to hope they don't pull some fancy accounting moves that will devalue our investment. Personally, I am holding my breath which accounts for the blue face.
[ April 11, 2006, 18:22: Message edited by: leavenart ]
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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posted
why do you guys think TWOG will go up before Apr. 20th as the same thing was scheduled to happen March 25 and the price didn't go up * all. Why is now any diferent then before Marchc 25?
Posts: 122 | Registered: Mar 2006
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posted
March 25th didn't mean anything - it was just the Record Date and the Record Date doesn't mean anything, now the Ex-Date that is the date that means everything.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
Now that the Ex-Date is set for April 20th. It will be like sitting at a card table on April 19th and you have to decide whether to call or to fold them - you are either in on the deal or you are out of the deal at the end of the day on April 19th.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
ok, if this means that every 10 shares of TWOG will be worth 1 share of ILGY, is there going to be any trade restrictions after it changes?
Posts: 345 | Registered: Apr 2006
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quote:Originally posted by deleet: ok, if this means that every 10 shares of TWOG will be worth 1 share of ILGY, is there going to be any trade restrictions after it changes?
Yes they are going to be restricted shares but they have not released any details regarding the restriction.
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
I'm getting the feeling every thing with this stock is going to happen at the last possible moment and I want ILGY back over a $1.00 !!!!
Posts: 230 | From: florida | Registered: Feb 2006
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posted
i would be happy if it goes 0.022 so I can at least get my money back before divy. imho i don't think we'll see that but i hope i'm wrong.
Posts: 122 | Registered: Mar 2006
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posted
i encourage anyone who wants to make alot of money in the short term to buy twog right now... right after this transaction takes place and twog shares turn into ilgy and you make a huge gain off that, i think ilgy's gonna suck up the float when twog sellers sell ilgy and will be profitable too. buying twog at anyting below .025 is a bargain
Posts: 101 | Registered: Aug 2005
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