Southridge Enterprises Inc (SRGE)

[stervc]

SAMadMoney, to help understand this .20 Cash Dividend...

Respectfully, SRGE stated within its PR…

… The company would like to state that shareholders will definitely participate in a direct, immediate, tangible benefit of such sale (i.e. special cash dividend for 20% of the proceeds from the sale of the Cinco Minas Property or a flat 20 cents per share special one-time dividend). Southridge and its Board of Directors can only state at this time that the amount being discussed is in the range of $550,000,000 and $600,000,000 for its Cinco Minas Property. Due to certain reasons the company cannot fully disclose exact details at this time. However the company felt it was very important to release some details to explain what's in it for shareholders and what the company and its Board of Directors are discussing as this time. …

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