posted
At times today it has been in 2Cent range. Was over a dime a few weeks ago. WTF?
Posts: 282 | From: Atlanta Ga. | Registered: Apr 2005
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posted
No volume today...Im trying to get some more shares.....hopefully the E comes off soon and we fly back to the teens...gl all
Posts: 56 | From: Pa | Registered: Dec 2005
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posted
On top of the pending filing and E removal! I like this PR!
Consumer Direct of America Announces Plan for Distribution of Paragon Shares Pursuant to Shearson Acquisition 3/14/2006 9:00:32 AM LAS VEGAS, Mar 14, 2006 (PRIMEZONE via COMTEX) -- The Board of Directors of Consumer Direct of America ( CSUA ) announced today its intention to pursue the distribution of all of the Company's shares of common stock of Paragon Financial Corporation ( PGNF ) to holders of the Company's common stock. As of the date hereof, the Company owns 80% of Paragon's common stock which is comprised of 592,775,580 shares of PGNF common stock. The distribution contemplates issuing approximately six shares of Paragon stock for every one share of Consumer Direct stock held by CSUA shareholders as of the record date.
The Company intends for the distribution to be tax free for the Company's shareholders, and the distribution will be completed only if the Company receives a favorable opinion of counsel confirming the distribution's tax free status. The distribution is also subject to other conditions including necessary regulatory approvals.
In the distribution, the Company will distribute all of its shares of Paragon common stock on a pro-rata basis to the holders of the Company's common stock on the record date of the distribution. The number of shares of Paragon common stock to be received by each of our shareholders, the record date for the distribution, and the date of the distribution have not been determined. We intend to provide this and other information to our shareholders at such time as the conditions to the distribution, including SEC and other necessary regulatory approvals, have been satisfied
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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