Asia Properties is giving out 2 interesting dividends in the next week. The first is shares in their subsidiary, the second is a 4/1 split. I'm diggin it, have a small position to see what happens.
Quote:
Asia Properties Announces 4:1 Forward Split of the Common Stock
BELLINGHAM, Wash., April 2, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that its board has approved a 4:1 forward split of its common stock.
The share dividend entitles each holder of the Company's common stock to receive payment of a dividend of three common shares for every common share held by the shareholder on the pay date, April 16, 2007. The Board of Directors announced that the stock dividend will be paid and effective on April 16, 2007. Stockholders of record on April 16, 2007 will be entitled to receive the common stock dividend payment. API anticipates that stock certificates representing each stockholder's additional dividend shares will be mailed to stockholders on April 23, 2007 or, for shares held in brokerage accounts, shares will be delivered to the shareholder's broker for credit to the shareholder's account on the pay date. Payment of the dividend will not require an increase in the total number of the Company's authorized shares of common stock. No exchange of certificates is required and the Company intends to retain its current trading symbol.
On March 31, 2007, API had 9,856,778 shares of common stock issued and outstanding. After the dividend payment, the Company will have approximately 39,427,112 shares of its common stock issued and outstanding and approximately 12,854,404 free trading shares in the float.
And from the March 30th PR (buried in the bottom!)
Quote:
6. On March 13, 2007 API followed up its report concerning the
acquisition of the Hertz Controller Patent and announced that
its Board of Directors has declared a dividend in the form
of its shares in the Hertz Controller Technologies Corporation
(HCTC). All ASPZ shareholders of record as of April 15, 2007
are to receive one (1) HCTC share for every two (2) ASPZ
shares they own. The distribution of the HCTC dividend
shares will take place as soon as possible after April 15,
2007. Please see www.hertzcontroller.biz
Nobody knows about this, something of a hidden play. I love free stuff, so I'm in. They say the record date is April 15th which is Sunday - I think that means the record date is really Monday, and today or tomorrow are probably the last days to buy in.
