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ACME: effective Jan.3,2017 Final Liquidation. Return of capital. Company dissolved.
FINRA deleted symbol after market closes today.
http://otce.finra.org/DLDeletions
.0432 NEWS NEWS Congrats to all
http://www.otcmarkets.com/news/otc-market-headline?id=679740
Acme showed on my radar a few days ago. Have done some DD but I noticed the board has been dead in almost a year. What gives....
And naturally my fiancé and I are spending the night overnight in a casino! Mystic Lake.
Thanks! You too....Love Minneapolis! hahaaaa! GO ACME
It escaped me today. Market till noon and then running around. Have a great Christmas!!
,,,,,,,Typically adjustment happens beforehand. We'll see.
Well the old math is that a stock will trade lower by the amount of the dividend on ex-date. So I'd hate to buy at .08, not get paid the divvy, and the stock trades down to .03. I'll "Ask Ted" at Ameritrade.
HAHA! now that's funnnnnnnnny! We'll see if there's movement today.
good thing either way for a shortened day
Me either, and I was a broker for almost 8 years!
Question for your broker....Is christmas day included??? I'm Not sure
If bought today, will the record date be in time?
,,,,,,,5C DIVY....PROBABLY WILL SEE TEENS THIS WEEK--MONEYMADE
.08
,,,,,,,This is last week for 5c/divy (Had Mods update ticker)
8c now
ACME News: ACME Communications Announces Cash Distribution to Its Shareholders
http://ih.advfn.com/p.php?pid=nmona&article=60406624
ACME NEWS....5C CASH DIVIDEND!!!!!!--MONEYMADE
ACME Communications (ACME) It looks like this stock is ready to move it looks like the stock is ready for its next move!!
,,,,,,,Wake up! ACME Communications, Inc. (Pink Sheets:ACME) today announced that it has completed the sale of its last operating asset, The Daily Buzz, LLC, to Mojo Brands Media, LLC ("Mojo") for $1.5 million in an all-cash asset purchase transaction. In connection with the sale, the Board has approved a special cash distribution of $0.08 per share, payable on April 24, 2013 to shareholders of record as of April 16, 2013. Pursuant to the 2012 approved plan of liquidation, the distribution is being treated as a return of capital.
The Company will now turn its attention to winding up affairs while it waits for its few remaining escrow deposits to mature. In addition to a six-month escrow fund of $150,000 established as an indemnification deposit to Mojo, the Company has $1.0 million in an escrowed indemnification deposit to Lin Media related to the 2012 sale of ACME's New Mexico stations which expires on December 10, 2013 and $290,000 in an escrowed deposit to the Federal Communications Commission related to pending viewer complaints at stations previously sold by ACME which expires on December 10, 2014.
The Company also announced that it expects to release and post its year-end 2012 unaudited financial report on its Web site (www.acmecommunications.com) by the end of April 2013.
About ACME Communications, Inc.
ACME Communications, Inc. shares are traded over-the-counter under the symbol: (Pink Sheets:ACME).
SANTA ANA, Calif., Mar 26, 2012 (GlobeNewswire via COMTEX) -- ACME Communications, Inc. ACME 0.00% today announced that its Board of Directors has approved a special cash distribution of $.22 per share of common stock and a special distribution of the remaining approximate 300,000 shares of LIN TV Corp. ("LIN") common stock it received in connection with LIN's May 2011 purchase of the Company's television stations in Dayton and Green Bay. Both the cash distribution and LIN stock distribution, the latter which will be distributed on a pro-rata basis to ACME shares held, will be made to shareholders of record at the close of business on April 4, 2012 and distributed on April 10, 2012. Absent any further asset sales which generate taxable profits in 2012, the Company expects these cash and stock distributions to be returns of capital.
The proceeds to fund the cash distribution were generated primarily through a combination of the Company's recently completed sale of its Madison television station, WBUW, the settlement on December 30, 2011 of the Company's MMT litigation for $2.0 million, which resulted in a return of approximately $1.2 million of previously escrowed funds, and a recent state tax refund related to the settlement of a 2003 tax filing dispute.
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