09.11
NEW YORK, Sept 11, 2009 /PRNewswire-FirstCall via COMTEX/ — GoIP Global, Inc. (GOIG) http://www.goipglobal.com. Further to the company’s press release of August 4, August 11, August 17, August 28 2009 and even date (http://www.pinksheets.com/pink/quote/quote.jsp?symbol=goig) the company announces that it completed its recapitalization from 500 million shares to 988 million shares, in order to acquire the China based operating subsidiaries. See Nevada Link https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=P2oyOrs99%252bqq4%252b9rJFMZOQ%253d%253d
A significant part of the pending merger is that a block of merger stock will be held in escrow pending satisfactory performance of the China operations with GOIG. All of these shares are restricted, and should not enter the market for a long time, in some instances several years.
The company recently updated Pink Sheets, with this and other current information, for our followers’ review.
Although the company recently announced that the merger, it is actually a four way merger and a conglomerate of three companies based in China and Canada, with substantial operations. All subsidiary companies are focused and engaged in the media and print type services. The company will provide a detailed topography of all operating subsidiaries as a filing on Pink Sheets and from its corporate web site shortly, for the reference of its followers.
More details will follow shortly.
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