Communications Systems, Inc. (JCS)

[GArnoldo]

By my estimation, the Pineapple Energy merger (a solar panel and battery storage installation company that JCS would turn into), which gives each shareholder one CVR (contingent value right) for every 1 share of JCS they own, should pay out at least $1.50 per CVR guaranteed [$10m in legacy cash + $6.8m Minn. bldg. sale distributed among some 9.7m shares outstanding] after the merger is completed (the last remaining detail is to get 3.67% more votes for Proposal #1 on Wed. March 23, 2022). In other words, buying the shares of JCS now, in order to get 1 non-transferable CVR per one share of JCS owned at the time of the merger, is like paying the current $2 per share, and then getting $1.50 per share back a few months later after the fact! Stated another way, it's like paying 50 cents per share (the approx. current $2 share price minus $1.50 CVR payment) to get in on a cutting edge solar company that's growing in Hawaii and that wants to expand to California and across the nation! Sounds like one heck of a deal to me!

[Chaz1951]

Looks like another payout after they close on the sale of their building

[Chaz1951]

FYI , dividen just hit my TD account, just in tike to cover margin call

[Chaz1951]

Oops

[RickInv]

I have a couple shares of JCS. Is there one or two $3.50 dividends coming up?

This news prompts my question:
"On September 13, 2021, Communications Systems, Inc. (“CSI”) issued a press release announcing that its board of directors had declared a special dividend of $3.50 per share payable on October 15, 2021, to CSI shareholders of record at the close of business on September 30, 2021. Because the dividend exceeded 25% of the market price on the day we announced the dividend, we have been advised by Nasdaq that the ex-dividend date will be October 18, 2021, the first business day after the October 15, 2021 payment date."

Link: https://www.commsystems.com/2021/09/23/special-dividend-ex-dividend-date-october-18th/

[Chaz1951]

Not understanding why stock price is down , if they are giving a $3.50 /s dividend, Free money?

[Chaz1951]

I can’t seem to find out, do we get the dividen in cash ( in our account) or a additional shares?

[Chaz1951]

Thanks, figured there would more activity, and talking about this stock.

[fireballka7]

free to trade.

[Chaz1951]

After the dividen is paid out, is the stock free to trade or is there a restriction? Thanks

[fireballka7]

Big week here

[Chaz1951]

Is this a bad play?
Buy at $10.00 get back $3.50
Cost is $6.50
Am I missing something?
Thanks

[Chaz1951]

Is the dividen paid in cash or as a drip?

[Green2009]

Read.. $3.50 Special dividend and funded from the sale of legacy assets.

No price change due to dividend distribution. Price change may occur during trading like any other stock.

[Chaz1951]

Is this stock not worth the $4.50 after the dividen payout?

[makinezmoney]

$JCS: Holy Crapper.......... Shot up to $10 in PreMarket


Slight pullback now to $8.20 but definitely one to watch.


6Milly Floater on the GOOooooooooooooooooo



https://www.commsystems.com/




GO $JCS

[fireballka7]

wow, hours and no chat on this news here?

[ClayTrader]

* * $JCS Video Chart 03-02-2021 * *

Link to Video - click here to watch the technical chart video

[Sinvests]

I agree, enter with caution.

[make it happen]

Quarterly Revenue Growth (yoy) -11.10%
Quarterly Earnings Growth (yoy) -84.90%

Think we fade for days. Highest volume day will ever have imho

[T695]

Bulls and bears are really fighting on this one

[Sinvests]

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it entered into a definitive merger agreement with privately held Pineapple Energy, LLC (“Pineapple”), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Upon closing, CSI will commence doing business as Pineapple Energy, with a business model focused on the rapidly growing home solar industry. The Company expects shares of the combined company to continue to trade on the Nasdaq Capital Market under the new ticker symbol “PEGY.” The definitive merger agreement and transaction have been approved by CSI’s Board of Directors and are subject to approval by CSI’s shareholders. The transaction is expected to close in the second quarter of 2021.

Source:


https://www.businesswire.com/news/home/20210302005368/en/Communications-Systems-Inc.-Announces-Agreement-to-Merge-with-Pineapple-Energy-LLC