Printer Friendly
The Free Library
5,677,147 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Global 1 Files Form 8-k Announcing Dividend Structure and Business Plans for Reg. E Funds.


ATLANTA -- Global 1 Investment Holdings Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:GOIH), www.gobal1inc.com announces dividend structure and business plans for Reg. E Funds and files Form 8-k Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.


Form 8-K

See 8-K.
, http://www.secinfo.com/$/SEC/Registrant.asp?CIK CIK Central Index Key (SEC)
CIK Commission Internationale de Karting (French)
CIK Crypto Ignition Key
CIK Contribution in Kind
CIK Confederazione Italiana Kendo
=1262456.

Dividend Structure:

The dividend structure will be as follows. We are creating three new classes of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.

Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate.
; Class A, par value $0.25, Class B, par value $0.50, and Class C, par value $1.00. These new classes of preferred stock will have a CUSIP number CUSIP Number

An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system.

Notes:
This system is used in the U.S. and Canada.
 and we will register the shares to trade in the market. The Class A preferred shares Preferred shares

Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock.
 will be convertible into shares of Global Franchising Corp. at a conversion price of $0.25 per share for a period of twenty four (24) months.

CASH PORTION OF DIVIDEND:

Fifteen percent (15%) of the net income after expenses for the period of twenty four months after operations commence of Global Franchising Corp. shall be set aside and paid as a cash dividend, ("the CASH DIVIDEND").

Shareholders of record date December 25, 2006 shall receive one (1) share of preferred stock, Class A, par value $0.25, for each share of GOIH owned and receive the right to twenty five (25%) percent of the Cash Dividend.

Shareholders maintaining continuous ownership of shares of GOIH for a period of twelve months after December 25, 2006 to December 25, 2007 shall receive an additional right to receive twenty five percent (25%) of the Cash Dividend; and shareholders maintaining continuous ownership of GOIH from December 26, 2007 to December 25, 2008 shall receive one (1) share of Class B preferred shares and the right to receive the remaining fifty percent (50%) of the Cash Dividend.

Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on GOIH behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 29, 2006
Words:326
Previous Article:Central Parking Corporation Announces Engagement of Financial Advisor.
Next Article:Media Alert: Genetic Links to ALS to Be Unveiled in New Research.
Topics:



Related Articles
Consolidated returns: post-tax reform developments.
Proposed loss disallowance regulations.
Proposed consolidated return stock basis and E & P systems.
Consolidated return intercompany transaction regulations: clearly reflecting income is clearly not simple. (part 2)
Investment adviser checklist.
Failure to comply with tax shelter disclosure regulations: what's at stake?
Disclosure of confidential transactions: August 8, 2003.
Business electronic filing.(Regulations)
Bringing it home: summary and analysis of the repatriation provision of the American Jobs Creation Act.
Pesos, pounds and drachmas: code hassles caused by foreign investments.(Taxing Issues)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles