Embarr Downs, Inc. (EMBR)

[surfkast]

Here is something interesting in the 10Q about paying dividends:
The Company has generated modest revenues since inception and has never paid any dividends and is unlikely to pay dividends.

They filed 8 K's stating that they were paying dividends? HMMMM.......

Item 8.01 Other Events

(1)
The Company approved the issuance of a Series C Preferred Stock to common shareholders of record as of April 30, 2014. Each shareholder shall receive 1 share of Series A Preferred Stock for every 3,500 shares of Common Stock, any fractional share shall be rounded up to the nearest share. The expected payment date is May 10, 2014.

(2)
The Company will provide a quarterly dividend to its Series C Preferred Stock holders of $1.50 per quarter or $6.00 per year for each share of Series C Preferred Stock.

(3)
The Company may distribute additional shares of its Series C Preferred Stock to shareholders in the future.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9923169

Item 8.01 Other Events.

(1)
On March 25, 2014, the Company’s Board of Directors approved a dividend of $.0001 per share to shareholders of record on April 4, 2014.
(2)
On March 24, 2014, the Company filed to form a wholly owned subsidiary Embarr Farms, Inc. in Nevada.
(3)
On March 24, 2014, the Company filed to form a wholly owned subsidiary Hemp Fish Water, Inc. in Nevada.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9876255