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Podium Venture Group, Inc. Announces the Ordering of the Company's NOBO List Following Announced 25% Stock Dividend and Shareholder Concerns Dec 13, 2006 10:09:00 AM Copyright Business Wire 2006
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (Pinksheets: PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has initiated the ordering of the company's NOBO to coincide with the previously announced 25% stock dividend and shareholder concerns.
"Given the recent momentum of our M&A strategy, the previously announced 25% stock dividend, and shareholder concerns in regards to shorts and PPS movement, the ordering of the NOBO list is an obvious step needed to instill shareholder confidence and stage the company for what is shaping up to be a very successful close of '06 and beginning of 2007. We are committed to our shareholders' confidence and strive to provide a tangible, non-transparent platform from which to invest wisely." Jim McGinley, President & CEO, Podium Venture Group, Inc."
The NOBO listing, which stands for Non Objecting Beneficial Owners, allows the company to identity a portion of its beneficial shareholders who maintain their ownership through a brokerage and who have instructed their broker that they do not object to the disclosure of certain ownership information.
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.
Was .10 yesterday morning...dilution at its finest
actually i´m looking for a rebound here
.023 x .028 could be dilution, could be big shorts - look at most NOBO plays - they are dropping when company is ordered NOBO list and running on results
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check ihib boards many have contacted company seems rosier it's naked shorting, not dillution.... buyins . net added them to naked list Dec 5th or so
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