Monday, February 12, 2018 1:16:09 PM
Of course, mCig is playing this for their benefit (which is to our benefit as shareholders). The $.55/share dividend value means that on the ex-dividend date (XDATE) the share price of mCig will be reduced by $.00055/share, which is a negligible amount. Had they waited to report OBITX revenues, they would have had to have been factored into the dividend value and mCig shares would have taken a bigger hit. Now they're free to report OBITX revenues without affecting the dividend value. Every shareholder wins on the lower tax on dividend income and smaller hit on mCig's share price. The $3.3 million market cap is the $3.3 million mCig paid for 420Cloud and the programming talent that came with it.
To follow up on our earlier conversation, OBITX will now be judged primarily on its revenue and earnings potential, as well as it's assets in companies that it incubates or partners with. Those assets may or may not be an actual cryptocurrency of the other company, but just like the price and volatility of one stock doesn't normally correlate to the price and volatility of another stock, the price and volatility of one crypto doesn't necessarily correlate to any other crypto.
Les
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM