quote:Originally posted by HossTrader: LOL A r/s by any other name...
How's this a reverse split? We're not losing our JMCP shares.
Yep, and the billions of shares of JMCP now will own a small fraction of onyi, which is what now owns diversified ethanol and where all the action will be. So our jmcp shares will be virtually worthless (like now) and the only possible action we will see will be from the shares we get in the new structure at a 200-1 ratio over our current position. So we are left with fewer shares of a smaller portion of the pie. just like in a r/s
sorry but not 1 for 200 but...1 share of ONYI for every 2000 shares of JMCP,
-------------------- dont drink and drive!!!
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The shares exist whether they are given as a divi or not. It isn't gonna hurt for us to have them. Most people only have a couple million shares of JMCP and will only get a thousand or so shares in the divi. And the divi is gonna be restricted, so they are not tradable for up to 2 years.
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The way I read the news is: If $100 wil be turned to $350 restrictd shared....then... My $500 will be worth $1700 in restricted shares of ONLI.... JMCP didnt say it was a merger but a divi.... of course in the end they may explain more (merger) ect.. so just have to wait an see... Never know.
The restricted shares may never be worth any $$$$ or not enough volume to sell them..
As of now... we may still keep the JMCP shares owned.
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Main Entry: stock dividend Function: noun 1 : the payment by a corporation of a dividend in the form of shares usually of its own stock without change in par value -- compare STOCK SPLIT 2 : the stock distributed in a stock dividend
-------------------- Trading is a blast!!
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Main Entry: stock split Function: noun : a division of corporate stock by the issuing to existing shareholders of a specified number of new shares with a corresponding lowering of par value for each outstanding share -- compare STOCK DIVIDEND
-------------------- Trading is a blast!!
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We will all still have both our jmcp shares and our shares in onyi. JMCP as a whole will simply be a minority shareholder in onyi. So if you own 1% of jmcp, then you will end up owning maybe .0001% of onyi plus however many we get in the dividend. (not accurate numbers, just simple math for example sake) What matters in the end is what percentage of the float of onyi do we own, either directly or through jmcp. After this is over, we will each own a smaller percentage of onyi than we now hold of jmcp.
So unless onyi becomes worth a lot of money per share, it will be hard to sell any of the jmcp shares. We would probably be better off with an r/s as then it would be easier to sell, even at a loss.
Now we can still make money off of the new shares, just like you can still make money after an r/s, but we will more than likely take an initial hit and it could be a big one.
-------------------- I just want to make enough money to be eccentric.
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You are acting like there is a lot of money on the line here. How many shares do you actually own? A couple hundred dollar's worth? Did you actually think of JMCP as an investment? I have $3000 worth and I still see JMCP as nothing more than a lottery ticket. I have zero EXPECTATIONS of ever seeing that money again. If I make a penny over what I invested, it will be a pleasant surprise.
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I personally only have 1.5 million shares ($150) I have had them from the cfwg days. What ever happens happens. I agree it is just a lottery ticket. Most of these companies are junk anyway.
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Maybe my words came off sounding defensive, but all I meant to say was that I think we all know this is a POS stock and I think you are over analyzing it. You act like this divi is going to ruin a good stock. The stock is garbage. It can't be ruined.
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I love POS stocks that are ambitious. Monroe seems hungry and is making moves. I think this thing COULD go on a run someday and put a bundle in my pocket. PYCT ran to over .001. But I don't EXPECT it to.
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yea ok I am glad 3000 dollars is such chump change for you.last time I checked a lottery ticket cost 1.00.thats one expensive lottery ticket-and then your just gonna act like you don't care if you lose your money-why did you invest in it then? big money over hea
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It's money from a flip. I don't really consider it to be "my" money. None of the money I got in subpennies is "my" money anymore. I'm playing with free shares and profits from flips. My job pays the bills. I trade subpennies as a goof.
quote:Originally posted by USFBRIAN: yea ok I am glad 3000 dollars is such chump change for you.last time I checked a lottery ticket cost 1.00.thats one expensive lottery ticket-and then your just gonna act like you don't care if you lose your money-why did you invest in it then? big money over hea
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MAX, LOTS OF GUYS DONT GET THAT, I PLAY ALOT LIKE THAT MYSELF AND WIN ALOT OF THE TIME, JUST TAKES TIMES IF YOU GOT IT, HOSS IS MY MAIN MAN AND HAS GOOD INPUT JUST AN FYI.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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I get where you are coming from Max, I just play more conservatively. Especially with "free" money! I never keep more than $5-10K in pennies total. If I have a big score, I usually rake it off the top and stick it on the big boards. So I still pay attention to the 2 grand I have in here, because it makes up a good chunk of my "play" money. So I can definitely be guilty of over analyzing a POS stock!
-------------------- I just want to make enough money to be eccentric.
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CHICAGO, Nov 09, 2006 (BUSINESS WIRE) -- Diversified Ethanol Corporation, a subsidiary of Originally New York, Inc. (ONYI, Trade ) has announced that it is nearing completion of its first plant, which is the original award-winning Butterfield Plant officially called the A70, with numerous updates and improvements.
Even after completion, ethanol plants typically require several weeks of set-up and tuning to operate at capacity, as well as alcohol permits. Typically, permits come before the plant is complete. This plant, however, was assembled ahead of schedule. Company execs are excited to have put together a plant faster than the time it takes to get permits. Because the company is ahead of schedule, it will build a second A70 plant instead of laying-off workers until construction of the A500 begins on January 3, after a real estate closing.
The company will begin assembling the second A70 plant, which it anticipates it will use for research and development for cellulose and fruit waste research and development. The company expects the new A70 to take much less time to build.
CEO Taylor Moffitt said, "The small plants we offer will fill a big need in the industry. California just passed more good legislation, and we have more environmentalists in office now than ever before. Small plants are good for food waste, good for cellulose, good for research and development, and good for remote areas. We are preparing to produce these Henry Ford style, in mass production. Every plant we produce will be built more efficiently than the last. Because it is a reliable, standardized design, we will be able to produce ethanol plants like they have never before been produced."
For more information about Diversified Ethanol, please visit the company web site at www.diversifiedethanol.com .
Originally New York is developing a new web site solely for the purpose of providing information about Originally New York and products and services it offers. The web site, when developed, will be at www.onyionline.com .
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Originally New York, Inc.
Originally New York, Inc, Eagle Grove, IA Chris McGovern, 515-603-6292
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WE STILL ARE GONNA MAKE SOME CASH ON THIS ONE WAY ARE ANOTHER!
