November 07, 2006 09:37 AM Eastern Time
Silver Screen Studios Publishes Investors FAQs
SSSU to become Global 1 Investment Holdings Corporation and
Investment Fund Manager
ATLANTA--(BUSINESS WIRE)--Silver Screen Studios, Inc. (OTCBB: SSSU), Traders Nation, www.tradersnation.com/sssu.shtml, SSSU to change name to Global 1 Investment Holdings Corporation and focus on micro cap investment creation.
FAQs:
We have received many questions regarding our recent announcements and will use this information release to address the questions.
Q1. Why did SSSU change its name, symbol, and cusip number?
A1. The management thought it was in the best interest of the company to verify the number of shares outstanding and the authenticity of its shareholder base. Accordingly, we ordered the NOBO list and the transfer agent’s report and compared the two. We discovered there was an imbalance in the two lists.
Q2. Why did TD Ameritrade and E-Trade prevent the purchase of SSSU shares?
A2. Our legal counsel contacted TD Ameritrade on two occasions and attempted to determine the cause of their actions. Our legal counsel was told there was no one at TD Ameritrade who knew why the action was taken nor was there any person our legal counsel could address the issue with. Our legal counsel contacted more than 20 brokers and only TD Ameritrade prevents investors from purchasing our shares.
Q3. After the name change, symbol change and cusip number change, what effect will it have on the shareholders?
A3. The effect will be that a shareholder can be assured they have purchased registered shares and they are in fact owners in Global 1 shares. A shareholder will own the same number of shares of Global 1 as they owned in SSSU. These actions are not a reverse split.
Q4. What is the record date and can a shareholder still qualify for the dividend?
A4. The record date is set now for November 16, 2006. A shareholder that owns shares now and owns the shares on Nov. 16, 2006 will qualify for the dividend. A shareholder that buys shares or additional shares on or before Nov. 16, 2006 will qualify for the dividend.
Q5. Who will receive the dividend and what is the procedure to receive the dividend?
A5. All shareholders who own shares on the record date will receive the dividend regardless of how many shares they own. The procedure to receive the dividend is being worked out with our transfer agent and will be published on a new IR site, www.global1inc.com that is under construction.
Q6. Will a shareholder have to order a physical certificate to receive the dividend?
A6. That issue is being addressed and a determination will be made after the record date of Nov. 16, 2006. If a certificate has already been ordered we request that the shareholder maintain possession of the certificate until further notice from the company. If a shareholder has not ordered the certificate, do not at this time.
Q7. How will our European shareholders be addressed?
A7. Our European shareholders will receive the same dividend as all shareholders. After the NOBO list review, we determined there was an imbalance estimated at 20 million shares in the European ownership registry. We are devising a procedure to address the imbalance. We believe the imbalance was created by the Frankfurt Exchange where we discovered our shares were being traded without our authorization.
Q8. Will shareholders be allowed to invest in the Reg. E Funds?
Q8. Yes, once the funds are registered we intend to offer our
shareholders and other investors the opportunity to invest in the funds.
Q9. Why can market makers and hedge funds short the shares of SSSU?
A9. Market makers and hedge funds short the shares of small companies seeking to make a quick profit. However, to short shares the shares must be borrowed or delivered. The actions we have taken are designed to address naked short selling and failure to deliver transactions.
We believe preventing investors from purchasing our shares is a manipulative device to prevent a short squeeze that would result from the increased trading volume in our shares. Any short position remaining open after the record date will be responsible for all dividends.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control. ...
home.businesswire.com
November 15, 2006 10:40 AM Eastern Time
Global 1 Investments Addresses Several Frequently Asked Questions Regarding Failure to Deliver and Short Squeeze Questions with Investors Newsletter
We Have Been Informed by Our Auditor Our Reg. E Funds Will Be Ready to Launch to Raise $10,000,000.00
ATLANTA--(BUSINESS WIRE)--Global 1 Investment Holdings Corp. (OTCBB: GOIH), Traders Nation, www.tradersnation.com/sssu.shtml, changes name to Global 1 Investment Holdings Corporation to reflect our new business model. Our IR site www.global1inc.com is active today, see our investors newsletter, Investors Newsletter: 11-15-06.
Short Positions and Failure to Delivery of Shares:
We have been informed that certain brokers are informing shareholders GOIH has not delivered shares to the transfer agent and the transfer agent has not delivered shares to the DTC. This information is not correct.
GOIH is not required to deliver any shares to the DTC nor is the transfer agent required to deliver any shares to the DTC or to your broker. The shares of SSSU automatically converted into shares of GOIH upon beginning of trading on November 13, 2006. See link NASDAQ symbol change verification from SSSU to GOIH.
We believe if your broker is telling you the above statement, your broker sold you shares and the shares were never delivered by the seller of the shares and your broker does not have your shares, and cannot get shares now that the name, CUISP number and symbol has been changed. Online Naked Short Selling Seminar.
Failure to Deliver of Shares:
Your broker will be forced to go into the market and purchase the shares at the current market price and then deposit the purchased shares into your account.
Your broker will attempt to delay this process as long as possible and will attempt to drive the price of GOIH down to purchase the shares as cheaply as possible before crediting your account. Your broker is now in a failure to deliver position and cannot deliver your shares. See our newsletter for more information, Investors Newsletter: 11-15-06.
REG. E Funds:
We have been informed we will receive our audit for our Reg. E Funds and we can officially launch the Funds to raise $10,000,000.00. We will immediately implement our new business model and initiate the dividend and share support strategy.
About Global 1 Investments:
We have officially converted SSSU to Global 1 Investment Holdings Corporation and received a new trading symbol GOIH. Our new business focus will be a diversified financial services conglomerate. Our business model is based on Berkshire Hathaway (NYSE: BRK.A), Sears Holdings (NASDAQ: SHLD), the investment bank of Goldman Sachs (NYSE: GS) and the entertainment unit of Time Warner (NYSE: TWX).
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control. ...
home.businesswire.com
Date November 15, 2006 Volume 1, number #1
Global 1’s Name and Symbol Change: Facts and
Current Information.
We have been informed that certain
brokers are telling shareholders
GOIH has not delivered shares to the
transfer agent and the transfer agent
has not delivered shares to the DTC.
This information is not correct.
GOIH is not required to deliver any
shares to the DTC nor is the transfer
agent required to deliver any shares
to the DTC. The shares of SSSU
automatically converted into shares
of GOIH upon beginning of trading
on November 13, 2006.
We believe if your broker is telling
you the above statement, your broker
sold you shares and the shares were
never delivered by the seller of the
shares and the broker does not have
your shares, and cannot get shares
now that the name, CUISP number
and symbol has been changed. Your
broker will be forced to go into the
market and purchase the shares at the
current market price and then deposit
the purchased shares into your account.
Your broker will attempt to delay this
process as long as possible and will
attempt to drive the price of GOIH
down to purchase the shares as
cheaply as possible before crediting
your account.
Confirmation of GOIH Symbol
Change via NASDAQ website:
Due to numerous inquiries, we
Continued on back page
pdf page 1 of 4
...TD Ameritrade Customers:
We have been notified that TD
Ameritrade is informing investors
GOIH has not provided documents
to TD Ameritrade of the name and
symbol change. That is INCORRECT.
NASDAQ officially notifies
all brokers and market makers
of all pending corporate actions
prior to their taking effect. TD
Ameritrade and E-Trade are attempting
to manipulate the market
in our shares by reducing the volume
of trading shares by preventing
investors from purchasing
shares in GOIH.
pdf page 2 of 4
Continued from page 1
have contacted NASDAQ and confirmed our
symbol change from SSSU to GOIH effective
11-13-06. According to NASDAQ, official notice
has been provided to all brokers and
market participants. Any information being
provided contrary to this is incorrect. GOIH is
not required to contact each broker. Your
shares of SSSU automatically convert to
shares of GOIH on a one for one basis.
Legal Action against Brokers:
The verification link is posted on our website
at www.global1inc.com. Any investors
whose brokers are not allowing them to
trade our shares or their account has not
been updated with the GOIH shares, please
document your contact with your broker for
our legal team who will be taking immediate
legal actions regarding this issue.
pdf page 4 of 4
global1inc.com |
