posted
Related Quotes Sym. Price Chg. AXGO Trade News 0.4 -0.1 MSEM Trade News 0.06 0 Axia Group, Inc. Announces Dividend of Stock in MSEM to Axia Shareholders
Jun 5, 2007 12:08:00 (ET)
SAN DIEGO, June 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (Pink Sheets: AXGO), announced today that its plan to distribute a dividend to shareholders of Axia in the form of restricted common stock in MotorSports Emporium (MSEM, Trade ). On May 2, 2007, Axia sold its subsidiary of the company, International Building Technologies, to MotorSports Emporium Inc. for $1.0 million cash and 20 million shares of restricted common stocks of MSEM.
Management will distribute approximately SIXTEEN MILLION (16,000,000) SHARES OF MSEM as dividend on a pro rata basis to shareholders in Axia. The estimated 16 million shares of restricted common stock of MSEM will be issued to the Axia shareholder of record date for the dividend has been set as the close of market on Friday June 8, 2007. AXIA Shareholders of record on this date will each receive 40 shares of restricted common stock of MSEM for each share of stock he or she holds in Axia. Shareholders can buy stock until close of market today and those purchases will apply to the calculation of how much MSEM stock a shareholder receives. Axia stock purchases made after today will not apply. The remaining 4 million shares will be held back in case of any disputes, errors or other issues.
Axia Shareholders should receive the new MSEM common stock certificates or credited to your brokerage account on or before July 31, 2007. The stock in MSEM will be restricted stock, as per Rule 144 of the Securities and Exchange Commission, which means it cannot be traded for a period of two years from the record date unless the stock is registered by MSEM. At this time, MSEM has not stated any intention to register this stock.
Axia shareholders do not have to surrender their AXGO stock or pay for dividend. All costs, including the distribution of certificates, will be done at the cost of the company; shareholders will not have any costs to pay for this dividend. However, shareholders should be aware there may be individual tax consequences as a result of receiving these shares and should seek guidance from tax authorities.
More information on Axia Group, Inc. can be found on the company web site at http://www.axiagroup.info .
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGO officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGO actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGO has no specific intention to update these statements.
SOURCE Axia Group, Inc.
Janet Whitehead of Axia Group, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
posted
Down 66% today on heavy volume. PPS now at .02 Daily RSI at 28.36 / Weekly at 23.05 50 MA at .52 / 200 MA at $85 1 for 10,000 reverse split from .0001 in May should have converted to PPS of .50, now at .02 Looks good for a technical bounce. JMO Posts: 616 | From: Mid West | Registered: Mar 2006
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Holy crap, it's down 83% at .01 Lost 50% since previos post. Good thing I only threw $100 at it. DON'T follow my lead. Looks like CEO is back to what he does best, diluting! We all know this is a POS, but still say it's due for a technical bounce. Posts: 616 | From: Mid West | Registered: Mar 2006
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posted
I did the same thing yesterday at .02, then in dropped to .01. I thought of buying more but I didn't have the guts (I'm such a wuss). She's now sitting at .03 x .04
-------------------- My opinion is only that. Posts: 384 | From: Colorado | Registered: Oct 2006
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I figured I lost my shorts already so I didn't bail. Now I'm a happy camper. I'll see if I can take my money and run soon as she levels off though.
-------------------- My opinion is only that. Posts: 384 | From: Colorado | Registered: Oct 2006
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I made some serious bank today also---55 whole pennies on my 50 shares I was left after R/S. What a joke Flannery is...
Posts: 67 | Registered: Feb 2006
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Related Quotes Sym. Price Chg. AXGO Trade News 0.0012 0.0001 MSEM Trade News 0.06 0 Axia Group Inc. Delivers Dividends in MSEM Stock to Shareholders
Aug 2, 2007 09:00:00 (ET)
SAN DIEGO, Aug 02, 2007 /PRNewswire-FirstCall via COMTEX/ -- Axia Group, Inc. (AXGO, Trade ), announced today that it has mailed the first dividends of stock in Motorsports Emporium (MSEM, Trade ) to the shareholders of record in Axia. On May 2, 2007, Axia sold a subsidiary of the company, International Building Technologies, to Motorsports Emporium for cash and 20 million shares of MSEM. Axia is a provider of a panel-based building technology for the rapid construction of homes and commercial buildings in Sri Lanka, India and other regions of the world.
Management is distributing this dividend on a pro rata basis to shareholders in Axia in two separate tranches. The first tranche was 16 million shares. The remaining 4 million shares will be held back in case of any disputes, errors or other issues. As long as there are no outstanding issues, management will issue the remaining shares to shareholders on September 8, 2007.
The stock in MSEM will be restricted stock, as per Rule 144 of the Securities and Exchange Commission, which means it cannot be traded for a period of two years from the record date unless the stock is registered by MSEM. At this time, MSEM has not stated any intention to register this stock.
More information on Axia Group, Inc. can be found on the company web site at http://www.axiagroup.info .
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGO officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGO actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGO has no specific intention to update these statements.
SOURCE Axia Group Inc.
Janet Whitehead of Axia Group, Inc., +1-619-466-4701, jwhitehead*axiagroup.info
posted
Wow, this POS must be a dilution machine. It took less than 4 months since the last R/S to drop back to the bottom. Glad I don't own this one.
Pink Sheet Security Notes Capital Change=shs decreased by 1 for 50 split. Pay date=4-17-06 Capital Change=shs decreased by 1 for 1000 split. Pay date=8-23-05 Capital Change=shs decreased by 1 for 500 split. Pay date=2-1-05 Capital Change=shs decreased by 1 for 1000 split. Pay date=10-18-04 Capital Change=shs decreased by 1 for 30 split. Effective date=5-19-03 Capital Change=shs decreased by 1 for 10 split. Ex-date=10/31/1997. Rec date=10/31/1997. Pay date=10/31/1997.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Hehehe, Yeah, did anyone actually receive any MSEM shares yet? Maybe, they won't send out any and then everyone who calls will be told they fall into the catagory of those which are being held back until Sept. 8th and then at that time they'll say that there's a problem that needs to be resolved and will have to hold them back indefinately, until resolved. Yeah right! Again, anyone actually receive any MSEM. I have not.
Posts: 616 | From: Mid West | Registered: Mar 2006
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