R-n Becoming More Liquid?

Mike AI · 12-11-2002

http://story.news.yahoo.com/news?tmpl=stor...&u=/eo/20021211

RICKS CABARET INTERNATIONAL INC (RICK)
form 8-K
Item 2. Acquisition or Disposition of Assets.
Effective May 31, 2002, we purchased 700,000 shares of our own common stock from Voice Media, Inc. for an aggregate price of $918,700 that equals approximately $1.32 per share. That purchase price was below market value on the date of the purchase. Voice Media. Inc. presently owns none of our shares of common stock. These shares were not registered under the Securities Act of 1933. These shares are presently treasury shares. We may cancel these shares at a later date.

The terms of this transaction were the result of arms-length negotiations between us and Voice Media, Inc. We believe the transaction was favorable to us in view of the market value of our common stock and the payment terms, although no appraisal or fairness opinion was done. All management contracts previously signed relating to the management of www.xxxpassword will remain in effect.

We will pay Voice Media, Inc. for the 700,000 shares as per the following schedule:

(a) The amount of $229,675.00 due on January 10, 2003; (

The amount of $229,675.00 due on January 10, 2004; © The amount of $229,675.00 due on January 10, 2005; and (d) A final payment in the amount of $229,675.00 due on January 10, 2006.

The control person of Voice Media, Inc. is Ron Levi, who presently serves as one of our Directors. Mr. Levi will not stand for re-election at our June 12, 2002 annual shareholder meeting. Mr. Levi continues to own 59,000 shares of our common stock.

We now have approximately 3,800,000 shares issued and outstanding.

Winetalk.com · 12-13-2002

the way it's going
http://www.siliconinvestor.com/research/qu...in=Quote&s=rick
Ron's price could be easily HIGH for the year 2003
;-)))

Mike AI · 12-13-2002

Serge no doubt about that, R-n ain't stupid!

Praise R-n!

Nickatilynx · 12-13-2002

Amen!

DrGuile · 12-13-2002

Quote:

Originally posted by Mike AI@Dec 11 2002, 02:03 PM
The control person of Voice Media, Inc. is Ron Levi, who presently serves as one of our Directors. Mr. Levi will not stand for re-election at our June 12, 2002 annual shareholder meeting. Mr. Levi continues to own 59,000 shares of our common stock.

This is either very old news or a typo....

Last edited by DrGuile at Dec 13 2002, 03:06 PM

RawAlex · 12-13-2002

Consider this:

http://setgo.com/article.html?id=941e1aaab...b62c14a3a175a61

It might be getting more liquid - or it might be hollowing out the shell that is Voice Media...

the paysites are gone to an offshore company, and the Rick's shares are sold - what is left inside VM?

I like this quote:

"Ron Levi, Chief Executive Officer of Voice Media said, “This sale allows us to focus on the future and position ourselves for the revolution to come in mainstream.”"

Does this mean that R-n is moving away from porn?

Alex

Mike AI · 12-13-2002

I would think R-n is moving things around to help his Visa/mastercard - billing situation. Trying to stay one step ahead.

12-11-2002	#1
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	http://story.news.yahoo.com/news?tmpl=stor...&u=/eo/20021211 RICKS CABARET INTERNATIONAL INC (RICK) form 8-K Item 2. Acquisition or Disposition of Assets. Effective May 31, 2002, we purchased 700,000 shares of our own common stock from Voice Media, Inc. for an aggregate price of $918,700 that equals approximately $1.32 per share. That purchase price was below market value on the date of the purchase. Voice Media. Inc. presently owns none of our shares of common stock. These shares were not registered under the Securities Act of 1933. These shares are presently treasury shares. We may cancel these shares at a later date. The terms of this transaction were the result of arms-length negotiations between us and Voice Media, Inc. We believe the transaction was favorable to us in view of the market value of our common stock and the payment terms, although no appraisal or fairness opinion was done. All management contracts previously signed relating to the management of www.xxxpassword will remain in effect. We will pay Voice Media, Inc. for the 700,000 shares as per the following schedule: (a) The amount of $229,675.00 due on January 10, 2003; ( The amount of $229,675.00 due on January 10, 2004; © The amount of $229,675.00 due on January 10, 2005; and (d) A final payment in the amount of $229,675.00 due on January 10, 2006. The control person of Voice Media, Inc. is Ron Levi, who presently serves as one of our Directors. Mr. Levi will not stand for re-election at our June 12, 2002 annual shareholder meeting. Mr. Levi continues to own 59,000 shares of our common stock. We now have approximately 3,800,000 shares issued and outstanding. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

12-13-2002	#2
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	the way it's going http://www.siliconinvestor.com/research/qu...in=Quote&s=rick Ron's price could be easily HIGH for the year 2003 ;-))) __________________ why dogs sniff each other butts?

12-13-2002	#3
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	Serge no doubt about that, R-n ain't stupid! Praise R-n! __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

12-13-2002	#6
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	Consider this: http://setgo.com/article.html?id=941e1aaab...b62c14a3a175a61 It might be getting more liquid - or it might be hollowing out the shell that is Voice Media... the paysites are gone to an offshore company, and the Rick's shares are sold - what is left inside VM? I like this quote: "Ron Levi, Chief Executive Officer of Voice Media said, “This sale allows us to focus on the future and position ourselves for the revolution to come in mainstream.”" Does this mean that R-n is moving away from porn? Alex __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds

12-13-2002	#7
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	I would think R-n is moving things around to help his Visa/mastercard - billing situation. Trying to stay one step ahead. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

12-13-2002	#4
Nickatilynx Banned Want to see your own Advertising Here! Join Date: Oct 2002 Location: Vancouver Canada Posts: 15,115	Amen!