There was no short squeeze, company PR
32K unaccounted shares, $8,000, big deal. I guess gary just doesn't want to get dragged into the valentine thing so he's coming clean?
BW)(FL-JAG-MEDIA-HOLDINGS)(JGMHA) JAG Media Holdings, Inc. Announces Update in Connection with Recapitalization
Business Editors
BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 1, 2002--JAG Media Holdings, Inc. (OTCBB: JGMHA) announced today a final update regarding the status of the submission of beneficial owner lists by the various DTC participants and the issuance of JAG Media Holdings, Inc. stock certificates for shares held in brokerage accounts in connection with the Company's approved plan of recapitalization.
Stockholders will recall that, as part of the recapitalization, the DTC positions in old JagNotes.com Inc. common stock held by brokers whose customers did not voluntarily certificate their positions were exited from the DTC system as of April 9, 2002, the effective date of the recapitalization, and held in the Company's books in the name of each such broker. After receipt of beneficial owner lists from each broker reflecting the name of each of their beneficial owners and their share allocation, the transfer agent cancelled the applicable old JagNotes.com Inc. shares and issued JAG Media Class A and Series 1 Class B certificates in the name of each such beneficial owner in accordance with the Uniform Practice Advisory (UPC # 043-2002) issued by NASDAQ on April 3, 2002.
With the exception of 31,237 shares of JagNotes.com Inc. common stock, which have not been claimed by certain DTC participants, the positions of all DTC participants in old JagNotes.com Inc. shares have been exchanged into JAG Media Holdings, Inc. Class A and Series 1 Class B common stock. In total, 16,196,189 shares of JagNotes.com Inc. common stock held by brokers in "street name" were exited from the DTC system. The following DTC participants (who may be acting as brokers or clearing brokers) have either not submitted beneficial owner lists, or submitted incomplete beneficial owner lists, for their positions in JagNotes.com Inc. to the extent shown. These shares currently remain registered in book entry form with the Company's transfer agent.
Participant Book Position w/Transfer Agent
Citibank 3,620
DBTC 2,065
DBTC/Frank 2,000
Frankel 186
Hill TM 26
Jones ED 140
Online Sec 200
REFCO Securities 4,900
SG/Custody 18,000
Wil-Dav 100
TOTAL 31,237 shares
For our stockholders' information, the Company is also posting on its website (www.jagnotes.com) a summary of the recapitalization showing each DTC participants' position in old Jagnotes.com Inc. common stock and the number of shares included in each such participants' beneficial owner list. We urge all stockholders to review this summary.
In addition, since the Company has throughout the recapitalization received inquiries from stockholders claiming that they never received physical delivery of their new JAG Media Class A and/or Series 1 Class B shares which they requested from their brokers, we are requesting that any stockholder who did not receive physical delivery of his new JAG Media shares (Class A or Series 1 Class B) as requested provide the details of their situation directly to the Company. This information can be submitted to us by fax at (561) 393-6018 or by e-mail to recap@jagmedia.biz.
About JAG Media Holdings, Inc.
JAG Media Holdings, Inc. is a provider of Internet-based equities research and financial information that offers its subscribers a variety of stock market research, news, commentary and analysis, including "JAG Notes", the Company's flagship early morning consolidated research product. The Company also offers, through its wholly-owned subsidiary, JAG Company Voice LLC, its "Company Voice" service which provides publicly traded companies with production services and distribution for their corporate messages in streaming video/audio format. The Company's websites are located at www.jagnotes.com and www.thecompanyvoice.com.
Safe Harbor Statement -- Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.
--30--js/sd* ts/sd
CONTACT: JAG Media Holdings, Inc.
Stephen J. Schoepfer, EVP & COO, 888/828-4174
sschoepfer@jagmedia.biz
KEYWORD: FLORIDA
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET
SOURCE: JAG Media Holdings, Inc. |
