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.
Chris, What is the best way to contact you directly… and are you wanting us to begin this process right away? Thanks so much for the clarification… Was a little confused if we should wait until after the begin date of 1/1/2011 or not… thanks so much… Funman
December 16, 2010 at 12:27 pm
Please send me a message inside the system. You can send the information now but it won’t be acted upon until after 1/1/2011.
December 16, 2010 at 12:36 pm
OK, I have discussed this with my wife and with her insistence… and we have opted for the #2 option - The debt on the books… the only question being — what would be the distribution schedule of payments from this debt?
December 16, 2010 at 12:45 pm
Payments will not begin until the SRI is trading and CWH is generating positive cash flows sufficient to maintenance debts. I have no visibility on that date at this moment as we must get to market first.
December 16, 2010 at 1:03 pm
Chris,
At what point will the trader(s) see what number or dollar amount option 1 and option 2 will end up beinng for each of us?
Those bits of info may indeed sway us to chose one or another.
Thanks
~ Nick
December 19, 2010 at 5:14 am
In either case, the SRI must be trading and CWH must be cash flow positive before any determination for either option can be made.
Once that is the case (SRI trading), option #1 will be the total balance plus interest, as described, from market shutdown until paid off. The repayment schedule will determine the interest.
#2 will be far harder to calculate as the final figure will be determined by the stock price at each closed sale (by the trader).
December 19, 2010 at 7:17 am
Just to clear this up. Is all of this going to happen once Asm1 starts trading right after the 40 to 1 split and new shares are distributed?
Thanks,
Brett
December 19, 2010 at 8:29 am
The 40:1 split has already taken place for ASMA1 and that stock is issued.
The 40:1 split must happen on CWH shares to match them up with ASMA1. The reason it hasn’t happened now is due to the drastic increase in Delaware State corporate franchise fees charged based on the number of shares outstanding.
For the purposes of calculating offer #1, the 40:1 split will be assumed completed and the price per share (post-split) is $2.00 each for the sake of the exchange. So essentially ASMA1 and CWH are both set at $2.00 each and the number of shares outstanding match at 500,000,000.
The essence of the cash offer is compensation of valid ASM accounts with their account values plus interest until paid and recorded on the books of the company as corporate debt. This is a conservative view.
The essence of the stock offer is compensation of valid ASM accounts with their account values represented in (my personal) CWH stock. This takes the debts off the books of CWH and closes the transaction by diluting my personal stake. This is the “long-view” and a more speculative approach.
In either case, if we don’t make it to operational status, there will be no payment of any kind. It also means I personally never earned a cent from this massive 8-year+ undertaking.
December 19, 2010 at 8:42 am
Will we be receiving a new certificate reflecting the new Asam1 or will that happen once the CWH matches up?
Thanks,
Brett
December 19, 2010 at 7:13 pm
If you purchased ASMA1 and your account was compliant, you have already received your certificate reflecting the proper number of shares.
December 19, 2010 at 7:53 pm
Hi Chris,
Is this the certificate that was signed and sent in or around November of 2007?
thank you,
Jordon
December 21, 2010 at 1:38 pm
Yes.
December 21, 2010 at 3:31 pm
I am assuming my account is in compliance but I never received any certificate. What do I do? I want to choose Option 1
Thanks
Todd
January 10, 2011 at 6:06 pm
I’ve recorded your balance of $4,186.72 as #1 (exchange for CWH stock). That is all that is needed for now, Todd. Thank you.
January 10, 2011 at 7:15 pm
Thank you Chris. Much appreciated.
January 12, 2011 at 11:29 am
Hello, I also have not received a cerificate. I sent in my paperwork to be compliant as well.
Can you let me know what else I need to do?
Thanks
Larry
January 13, 2011 at 8:02 am
Please send me a private message to request your account balance and then decide whether you choose option #1 or #2.
January 13, 2011 at 8:11 am
What about the newest shares after the split?
December 19, 2010 at 8:17 pm
I have 170510 shares. After the 40 to 1 split that should make it 6,820,400 new shares.
December 19, 2010 at 8:23 pm
Brett, you have the correct number. The ASMA1 shares are already split 40:1. Only CWH will be split 40:1 so they match.
December 19, 2010 at 9:08 pm
Just to clarify. The stock certificate I already have from ASMA1 shares is seperate from what is proposed here? This transfer is to settle the cash balances in our ASM accounts when the market closed?
Thank you
Jason
December 20, 2010 at 7:52 am
Yes, that is correct.
This settlement process covers any open cash and sports derivative balances when the market closed.
December 20, 2010 at 7:55 am
Hello,
I am so sorry to bug you about this, I just really don’t understand what these options mean. I am stock illiterate. Could they be simply explained, because I don’t have a clue of what to do with my stocks, cash, derivatives etc. Am I selling my stocks to Chrystal world holdings? What exactly am I doing with everything? I feel so silly asking you this, just don’t have a clue.
thanks,
mike
December 20, 2010 at 11:11 pm
If you choose option #1, you are agreeing to exchange your open account cash and sports derivatives (if you had any) for my personal CWH stock at a value of $2.00 per share (post CWH 40:1 split).
If you choose option #2, you are agreeing to exchange your open account cash and sports derivatives (if you had any) for a note payable, with interest, on the books of CWH. This debt repayment will begin when the SRI is trading and the company net operating cash-flow positive.
There is a great deal of information contained on this site about the history of our project, our present status and forward plans. Please take the time to look it over if you are sincerely interested.
December 21, 2010 at 8:25 am
Now that I understand what I can do with my account cash and Sports derivatives, What do I do with all of my asma1 shares, what happens to them when the market closes?
December 22, 2010 at 1:26 pm
ASMA1 shares are still valid. They represent pass-through ownership in CWH. See the volumes of information in the ASM/CWH Stakeholders Only area for more details.
December 22, 2010 at 1:52 pm
Regarding #1, the share issuance will be rounded UP to the next whole share.
December 23, 2010 at 9:59 am
Good morning Chris.
When will we find out the value of our ASM accounts?
Will the processed withdrawals that were not received be included??
Thanks.
December 23, 2010 at 10:58 am
I have a report that was generated right before the market terminated. It includes the account balances of cash and sports derivatives.Please send me a private message if you want to compare our figures with your records (if you have them). Yes, any legitimate unprocessed withdrawals will be included in the total used for the exchange.
December 23, 2010 at 11:02 am
Thanks. I’ll hit you up next week.
December 23, 2010 at 4:00 pm
Chris,
I sent you a personal message. I am interested to get more details on both, but would like to know my account balance first. If it could be emailed to me that would be great.. Thank you.
Michael aka Snowsand
December 28, 2010 at 8:12 am
Your account balance was sent to you.
What additional details on #1 and #2 do you need to know that are not already covered by the disclosure and subsequent comments in this thread?
December 28, 2010 at 9:43 am
I replied to the message. I had a bunch of questions actually. I was mentioning perhaps it would be good to post a FAQ for everyone. I’m sure you are getting a lot of the same questions over and over again. If there already is one, please direct me to it, thank you Chris.
December 29, 2010 at 6:08 am
The purpose of this thread is to answer questions. Please read the settlement offers very carefully. Most of the questions I’m receiving are a result of rushing through the text and not taking the time to understand the details.
December 29, 2010 at 8:12 am
Understood, received message as well. Would like the cash (Option #2) asap please. Thank you.
December 29, 2010 at 12:31 pm
Chris, i requested the #2 option before 1/1 and I’m not sure that was the right timing? so, to make sure… consider this my request for the #2 option… thanks so much for all your hard work and dedication… God Bless… Howard… funman
January 6, 2011 at 9:51 am
Yes, I’ve got it Howard.
January 6, 2011 at 10:28 am
Chris, do you have a total for my account balance? I have an idea what my total was… But, it is not current as of the closure of trading on the OLD ASM site… Thanks
January 12, 2011 at 5:34 pm
I already sent this to you and recorded option #2.
January 12, 2011 at 5:53 pm
Chris? I don’t think i received it if it was email? if it was via a message on this sit i can’t find it… don’t mean to a pest… thanks again… Howard
January 12, 2011 at 6:19 pm
Also the only certificate i have is for rain forest internet providers in the amount of 29397 shares is this also correct and all that i should have… i think it is but, my spouse wants me to clarify… thanks again - Howard
January 12, 2011 at 5:38 pm
Yes, everything is in order at this point.
January 12, 2011 at 5:54 pm
Chris,
One question for the option #1.
If I understand correctly, for $100 from a valid ASM accounts the account holders will receive 50 shares from 500,000,000? The number of shares outstanding match at 500,000,000. The value of all shares is one billion?
Or for $100 from a valid ASM accounts the account holders will receive 50 shares in CWH and after 40:1 split => 2000 shares in CWH+ASMA1? The number of shares outstanding match at 500,000,000. The value of all shares is $25.000.000?
Thank You in advance,
Angela Secrieru (AngelaS)
January 10, 2011 at 6:30 am
$100 = 50 common shares @ $2.00 in CWH from a post 40:1 split float of 500,000,000. Market capitalization = $1B
January 10, 2011 at 7:43 am
May I know the equivalent of 100 common stock ASMA1 in CWH from a post 40:1 split float of 500,000,000. Is 100 common stock CWH from a post 40:1 split or not?
January 10, 2011 at 11:35 am
100 common shares
January 10, 2011 at 11:37 am
100 common shares in CWH post 40:1 split is equal to 100 ASMA1.
Prior to split, each CWH common = 40 ASMA1.
January 10, 2011 at 11:44 am
Chris - Do you want us to mail our option pick to you or is there some other way?
January 12, 2011 at 4:58 pm
Regardless of how you want the info please sign me up as option 1. I dont see a way to email in the system. I can view messages but not send any. Thanks.
January 12, 2011 at 5:06 pm
Please send me a message inside the system. Look at the links along the top.
January 12, 2011 at 5:15 pm
Chris-i think I was compliant since I sent all sorts of info to you folks. Can you tell me if this is true. And if it is I would like to go with option #1. Can you send me info on my account balance. Thanks in advance.
Michael
January 12, 2011 at 4:59 pm
I’ve recorded your balance of $919.00 as CWH stock (option #1). That is all I need right now. Thank you.
January 12, 2011 at 5:18 pm
Hi Chris,
Can you please verify what my outstanding shares were. I tried withdrawing my balance a couple of years ago and the money never arrived so I gave up. Any help would be appreciated. Please let me know what is needed.
January 12, 2011 at 5:06 pm
Chad, I show your open balance as $4.81
January 12, 2011 at 5:20 pm
Hi Chad. Finally got logged on! I would like option #1 and would appreciate knowing the balance and if I am all compliant. It is difficult to not be confused with the length of time it has taken. I imagine you have kept very busy with it- that is appreciated. Here’s to good things in the future. Thanks.
January 13, 2011 at 2:14 pm
I’ve recorded your balance of $983.36 as equity (#1). Everything is in order. That is all I need right now.
January 13, 2011 at 2:34 pm
How do I find out if I am compliant, and how many shares I have?
January 13, 2011 at 5:59 pm
Michael, your account balance is $851.12. That is the figure you need to decide to exchange using option #1 or #2.
January 13, 2011 at 6:09 pm
Hello Chris,
Could you please e-mail me my balanace? Based on that I will choose the option.
Thanks
January 13, 2011 at 9:20 pm
Thanks Chris.
Please sign me up for option 2.
Please confirm.
Thanks,
Chris
January 14, 2011 at 7:42 am
Confirmed.
January 14, 2011 at 9:13 am
Hi Chris,
I have been out of the loop for a while on all this. Can you tell me what my balance is and what option to decide on?
Thanks
Andrew Pavlik
January 13, 2011 at 9:40 pm
$13,079.35
January 14, 2011 at 6:16 am
Hi Chris,
I would like an update on my balance and would like to choose option #1 if everything is in compliance.
Thanks
Jake Pisarkiewicz
January 14, 2011 at 6:36 pm
I’ve recorded $795.48 as equity (#1). Thank you.
January 15, 2011 at 6:44 am
Hi
Could you tell me where I stand on this, please
Peter
January 14, 2011 at 7:09 pm
Hi Chris,
I would like to chose option #2. Thanks
January 14, 2011 at 9:51 pm
Hi Chris,
On my certificate i have 9779 asma1 shares….how much is my account now ? Thank you so much !
Michel
January 15, 2011 at 2:45 am
i mean my balance and my shares too !!
January 15, 2011 at 2:46 am
Hey Chris,
I am having so much trouble deciding on which option. For option 2, Will CWH be buying my stocks, giving me my derivatives and paying 6 percent interest, meaning that I will be receiving a check for everything total. How much is all of my entire account worth with stocks and everything?
Thanks,
Michael
January 16, 2011 at 5:47 pm
Option #2 means that you will legally exchange your total open balance of cash and sports derivatives ($1,742.78) for a note payable against CWH for that amount plus 6% annual interest from the market shutdown date until fully paid. These payments will not start until CWH becomes an operating entity and has net positive cash flows sufficient to make installments to all traders who selected this option.
January 16, 2011 at 6:23 pm
Good day Chris,
My account at AllSportsMarket was under the id of “STB” if I remember correctly. It has been some time that I have stopped following this “market”.
Please advise me of my current balance?
Thank you for your time,
Stephan Brault
January 16, 2011 at 7:30 pm
Chris - could you verify if I had a balance. I’d prefer option 1 if so.
January 18, 2011 at 3:31 pm
Dear Chris:
Good evening, I’m going to choose for the opcion #1
Thanks in advance.
PS: could you please say me witch it’s my amount of money in my account?
January 18, 2011 at 6:55 pm
I’ve recorded your balance of $6,215.93 as equity (#1). Thank you.
January 19, 2011 at 7:02 am
hi cris can you please tell what my balance is. I am also not sure about opitions one, will i be exchanging my stock at 40:1. I am not sure of which opition to choose. If I opt out for #2 is there and future pay out date. Is there anyway to cash all of it out, or do I just have to wait until you let me know. I dont know anything about stocks.
January 19, 2011 at 11:31 am
Your balance is $36.78. Please read through this thread. The answers are here to your questions. Thank you, Reginald.
January 19, 2011 at 12:48 pm
Thanks for the reply
January 20, 2011 at 7:40 am
Option #2 is the one I would like to do
January 20, 2011 at 7:53 am
Thank you. I’ve recorded your selection as #2 (debt).
January 20, 2011 at 9:11 am
dear chris,
how much my account left?
January 19, 2011 at 6:41 pm
$1,435.60
January 19, 2011 at 7:25 pm
dear chris,
i m going to choose option #1
January 19, 2011 at 10:36 pm
Thank you. I’ve recorded your choice.
January 20, 2011 at 9:09 am
could you please tell me my balance account joann23
January 20, 2011 at 10:56 pm
I replied to your message, Joann.
January 21, 2011 at 5:17 am