Sunday, November 25, 2012 1:12:35 PM
Respectfully, SRGE stated within its PR…
From the PR, 20% of the proceeds from the sale of the Cinco Minas Property mean that the cash dividend will be 20% of the minimum of $550,000,000 for the sale of the Cinco Minas Property.
Proceeds = a minimum of $550,000,000
This means that…
20% of $550,000,000 equates to...
$550,000,000 x .20 = $110,000,000
So, 20% of the proceeds would equate to $110,000,000.
Please understand that a cash dividend being paid out to its shareholders is predicated upon the SRGE total Outstanding Shares (OS) because of those shares being issued and outstanding to actually exist for belonging to an actual person/entity. The Authorized Shares (AS) as you have indicated is 1 Billion shares, but a payout ”will not” be predicated upon the AS. The shares that makes up the AS minus the OS leaves the balance of ”unused” shares sitting within the SRGE Treasury of shares that are not issued or outstanding to any person/entity. This balance of ”unused” shares are not part of any Restricted or Float shares from the OS of which makes up the OS. Those ”unused” shares remaining within the Treasury are not assigned to anyone to designate part of any dividend towards. That is why this post is very important to understand:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81753489
So, since 20% of the proceeds equate to $110,000,000, you now must take $110,000,000 and divide by the SRGE OS of 545,874,868 shares to get the correct distribution towards the issue and outstanding shares which would account for all ”legitimate” SRGE shareholders:
$110,000,000 ÷ 545,874,868 (OS) = .201 per share given as cash dividend
Mathematically, this is where the .20 per share cash dividend comes from within the PR.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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