Begin date: Saturday January 1, 2011 12:01 A.M. U.S. Eastern Time
End date: Thursday March 31, 2011 11:59 P.M. U.S. Eastern Time
Compliant former AllSportsMarket (ASM) trading account holders will be offered two (2) options for the final legal settlement of open balances:
- Exchange of common stock in Crystal World Holdings, Inc. (Washington, D.C.) for trader cash and sports derivative contract open balances. This excludes ASMA1 which was previously conveyed. My personal CWH common stock will be used and exchanged at a rate of $2.00 per share. This assumes the scheduled 40 to 1 split and a minimum listing price of $2.00 per common share. Sports derivatives will be valued at last tick at market shutdown. These common shares will be drawn from my personal holdings and a legal document will be executed to convey the transfer. A full release of liability and agreement to full settlement will be required by each ASM trader accepting the offer.
- A debt instrument will be executed describing the total sum of cash and sports derivatives (at last market tick) payable on the books of Crystal World Holdings, Inc. owing the total original balance plus interest at a rate of 6% per annum from market suspension until fully paid. A full release of liability and agreement to full settlement will be required by each trader accepting the offer.
No combination or other settlement mechanisms will be offered, entertained or agreed to. Any open accounts remaining from Friday April 1, 2011 12:01 A.M. U.S. Eastern Time forward will no longer be recognized by Crystal World Holdings, Inc. or any of its parents, successors, principals or affiliates.
Interested parties should join this social network (if not already a member) and contact me directly for instructions. Account information will be verified against our records and fulfillment instructions will be provided to valid holders. Time is of the essence.
Published this 16th day of December 2010.
By Chris P. Rabalais
President & C.E.O.
Crystal World Holdings, Inc.
1701 Pennsylvania Avenue N.W. Suite 300
Washington, DC 20006
NOTE: This is neither an offer of sale of securities nor an indication of a public stock offering of any kind.
I would like to confirm my balance. Thank you, Matt
February 9, 2011 at 12:32 am
Good morning, Matthew. Your open balance is $308.00
February 9, 2011 at 5:54 am
Given the two options available, I will select option 1. Thank you, Matt
February 9, 2011 at 12:02 pm
Confirmed $308.00 as equity (#1). Thank you, Matthew.
February 9, 2011 at 2:07 pm
Hi Chris, Can you confirm my balance? Thanks
February 10, 2011 at 8:47 am
Hi Brian. Your open balance is $0.51.
February 10, 2011 at 3:55 pm
Thank you for my details - Looking at the Two options - I elect to go with No. #1
You sent -(Hi George. You have an open balance of $1,602.17. Separately you have an intact investment of 143,664 ASMA1)
February 10, 2011 at 12:05 pm
Confirmed, George. Thank you.
February 10, 2011 at 3:56 pm
Hi Chris, can you confirm my balance?
Thanks,
Marc
February 10, 2011 at 4:24 pm
Hi Marcus. Your balance is $39.42.
February 10, 2011 at 5:09 pm
hello chris, please confirm my balance, I’m assuming option 1 is to take stock options and 2 is for cash payable to the account owner to liquidate their assets, if so please contact me with further details on how i can cash out,
I’d rather receive cash then trade one stock for another..
I am ready to cash out and cut my losses either way, my time and money has been tied up for way too long now and want at least part of my initial investment back approx $250 - $350 and leave the asm/cwh scene
February 10, 2011 at 9:08 pm
chris, could you briefly explain a bit more in laymans terms what options 1 and 2 mean exactly as I’m not 100% sure what they mean exactly, looking forward to your reply, thanks,
mike
February 10, 2011 at 9:13 pm