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Two Items Investors Must Check: Subsequent Events And Disclosures

Mon, 03 Aug 2009 14:31:22 GMT

Investors looking to understand a company's current financial position (i.e. the company's debt levels, its cash balance, what it owns and what it owes) will often flock to the financial statements contained in the company's most recent quarterly report. After all, quarterly financial statements are required to be fairly comprehensive, and therefore contain most of the information an investor needs in order to determine a company's current financial[More...]

Special Dividends Unlock Hidden Value In Stocks

Fri, 17 Apr 2009 14:35:00 GMT

Most investors view stocks as lottery tickets – they buy and hope for the greater fool theory to kick in order to sell at a profit. More often than not however these investors lose a lot of money in the stock market, as they never seem to learn that stocks represent small portions of a business, which sells products or services and hopefully earns a decent profit while building on to its asset base. Many investors have taken a beating recently, especially as the recession and bear[More...]

Eight Stocks To Watch - Sep 16 2008 12:30PM

Tue, 16 Sep 2008 17:33:00 GMT

This was sent early early morn to TIMalert subscribers:[More...]

Six Hot Stocks Picks to Watch

Mon, 15 Sep 2008 16:45:00 GMT

Sent out to TIMalert subscribers waaaay early today:[More...]

Yuri Itkis Gaming Trust Proposes to Acquire Remaining Public Stake in FortuNet; Proposed Price of $1.70 Cash Per Share

Mon, 23 Nov 2009 11:46:00 GMT

LAS VEGAS, Nov. 23, 2009 (GLOBE NEWSWIRE) -- The Yuri Itkis Gaming Trust of 1993 (the "Trust") announced today that it intends to make a tender offer for all of the outstanding shares of Common Stock of FortuNet, Inc. (Nasdaq:FNET) not already owned by the Trust for $1.70 per share in cash.
Assuming the successful completion of the tender offer, the Trust intends to acquire the remaining shares not already owned by it through a "short form" cash merger at the same per share cash price paid in the tender offer.
ABOUT THE PROPOSED SHARE ACQUISITION

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FortuNet Reports Second Quarter 2009 Results

Thu, 13 Aug 2009 23:40:00 GMT

FortuNet, Inc. today filed with the Securities and Exchange Commission its quarterly report on Form 10-Q for the quarter ended June 30, 2009.[More...]

FortuNet Reports First Quarter 2009 Results

Wed, 13 May 2009 21:55:00 GMT

FortuNet, Inc. today filed with the Securities and Exchange Commission its quarterly report on Form 10-Q for the quarter ended March 31, 2009.[More...]

FortuNet Announces Correction of Record and Payment Date for Special Cash Dividend

Sun, 19 Apr 2009 21:28:00 GMT

FortuNet, Inc. announced on April 17, 2009 the details of a Special Cash Dividend of $2.50 per share. The record and payment date for the Special Dividend was inadvertently stated as Friday, April 17 and Monday, April 27, 2009, respectively. The correct and actual record date for the Special Dividend is Friday April 24, 2009 and the payment date will be on Monday, May 4, 2009.[More...]

FortuNet Declares a $2.50 Per Share Special Cash Dividend and Reports 2009 Annual Meeting Results, Election of Officers and Re-Appointment of Auditor

Fri, 17 Apr 2009 23:55:00 GMT

FortuNet, Inc. today announced that its Board of Directors declared a special cash dividend of $2.50 per share, payable on April 27, 2009 to the Company's shareholders of record as of the close of business on April 17, 2009. Shareholders are encouraged to consult with their tax advisor regarding the appropriate tax treatment of the Special Dividend.[More...]

FortuNet Files Definitive Proxy Statement and Changes Meeting Time for Annual Meeting

Thu, 02 Apr 2009 22:40:00 GMT

FortuNet, Inc. reported that it has today filed its definitive proxy statement with the U.S. Securities and Exchange Commission related to the Company's 2009 Annual Meeting.[More...]

FortuNet Files Preliminary Proxy Statement With the SEC for 2009 Annual Meeting

Mon, 23 Mar 2009 23:55:00 GMT

FortuNet, Inc. reported that its has today filed its preliminary proxy statement with the U.S. Securities and Exchange Commission related to the Company's 2009 Annual Meeting of Stockholders to be held on April 17, 2009.[More...]

FortuNet Announces the Annual Meeting of Shareholders to be Held On April 17, 2009 Which Will Include a Vote by the Shareholders for a $2.50 Per Share Special Cash Dividend

Mon, 16 Mar 2009 23:55:00 GMT

FortuNet, Inc. today announced that it will hold its 2009 annual meeting of shareholders on April 17, 2009 for shareholders of record as of Friday, March 13, 2009. In addition to the election of officers and ratification of the auditors for calendar year 2009 at this meeting, the shareholders will also be asked to approve a special two and a half dollar per share cash dividend that was approved by the Board of Directors of the Company. The approval of the Board was subject to certain conditions, including obtaining shareholder approval at the annual meeting.[More...]

FortuNet, Inc. Announces Resignation of CFO

Mon, 05 Jan 2009 23:55:00 GMT

FortuNet, Inc. announced today that Kevin A. Karo, its Chief Financial Officer, will resign as the Company's Chief Financial Officer effective immediately. The Company's Chief Executive Officer, Yuri Itkis, will assume the additional duties of the Chief Financial Officer.[More...]