Joe,
On Jan 8 in post 21103 I told you about WFFT. It was at a buck then, but went to 12 and has settled at 9. Stocks giving out free shares always rocket just before the Date of Record.
I'd like to let you know one more time about EPWN.
E-Pawn previously announced that it will spin off a special dividend of the UBUYNETWORK.com for shareholders of record April 18, 2000. (2 shares of UBUYNETWORK for every EPWN share owned). The UBUYNETWORK consists of over 200 UBUYNETWORK ".COM and .NET" businesses and services. UBUYNETWORK will continue to develop these web based businesses and to acquire businesses that can be adapted into the UBUYNETWORK in order to build national brand recognition of the UBUYNETWORK. The companies plan is to develop the businesses to the point where each business can be dividend out to existing shareholders at some time in the future.
E-Pawn.com, Inc. (OTCBB:EPWN) e-pawn.com announced that it will spin off UBUYHOMES.com as a special dividend. Each E-Pawn shareholder will receive a special stock dividend of 2 newly issued shares of UBUYHOMES.com for every share of E-Pawn stock for holders of record May 1, 2000.
E-Pawn.Com Inc., (OTCBB:EPWN) e-pawn.com announced today that it has reached an agreement to merge with The Colonels International Inc. (Nasdaq:COLO) colonelsintl.com on a share for share exchange. The closing of the transaction shall take place as soon as practicable after the approval of the transaction by the shareholders of COLO at a meeting scheduled to be held at Tecumseh, Mich. on May 10, 2000. Eli Leibowitz, E-Pawn's President, explained, "The basic transaction is as follows: COLO will acquire all the outstanding shares of EPWN by exchanging one share of common stock of COLO for each share of EPWN. The transaction will be structured in a way acceptable to the Boards of each company." Leibowitz also added, "The Colonels will be the surviving company and will change its name to E-Pawn.com Inc."
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EPWN has two 2 for 1 dividends in late April {settling date is three days before the Date Of Record), merges with COLO and goes NASDAQ in early May. COLO has been trading in the 6 to 7 dollar range by itself and EPWN closed yesterday at 6 1/8. I doubt if I?ll hold for the free shares, I?ll probably sell in the rise before the DOR then rebuy in the inevitable dip that follows, sell just before the next DOR the rebuy in the dip again then hold through the merger and move to NASDAQ. This one should be really volatile but the dates of record should make playing the swings pretty easy and profitable.
<>< fish |
