InvestorsHub Logo
Followers 282
Posts 59167
Boards Moderated 0
Alias Born 02/15/2012

Re: None

Monday, 06/13/2016 11:53:30 AM

Monday, June 13, 2016 11:53:30 AM

Post# of 1632
"There are great synergies between the two companies," said Larry Reid, CEO of Cleartronic, "we envision using iStream technology in many facets of our business, and if the spin-off occurs we anticipate distributing Cleartronic's iStream shares to our shareholders of record as a special dividend."

BOCA RATON, FL--(Marketwired - June 10, 2016) - Cleartronic, Inc. (OTC PINK: CLRI) executed a Letter of Intent with iStream Network, Inc. on June 9, 2016 to acquire and "spin-off" iStream Network as its own separate trading entity by filing a Form 10 with the Securities and Exchange Commission. Should this spin-off occur, Cleartronic shareholders would retain a (12%) percent interest in the issued and outstanding stock of iStream. iStream would obtain its own CUSIP, be assigned its own trading symbol and be an independent company with a registered class of stock.

http://finance.yahoo.com/news/cleartronic-inc-clri-signs-letter-120245767.html
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CLRI News