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Nashville Records Warrants 4 free!
For every 2 shares you own, you get 1 warrant to buy 1 share at .01 (current price .03).
Last day to buy: July 13th, Friday
I'm personally heavily invested in this stock and think they will explode. Short squeeze element coming soon, aside from all the stars they are working with (Le Ann Rimes, Charlie Daniels Band, lots of other country stars)
Nashville Records Announces Warrants for Open Market Purchasers
Nashville Records, Inc. (PINK SHEETS: NSHV) announces warrants for open market purchasers of NSHV free trading shares.
To compensate open market purchasers for excess selling volume in the Company stock during the period of April 2007 through June 2007, the Company's Board of Directors has approved the issuance of warrants to purchase one (1) share of Nashville Records Inc. common shares for every two (2) shares purchased during this period. Details as follows:
Strike Price of Warrants: $.01 per share. First Exercise Date: July 15, 2008. Eligibility Date for Right to Warrants: July 15, 2007.
Please refer to the Company Website at: http://nashvillerecords.com under Investors Tab for Specific Rules and Mechanism for recording eligibility and exercise of warrants.
Shareholders must retain ownership of shares for the one-year period in order to exercise warrant and receive the underlying shares. In event of stock split, warrants will be adjusted accordingly.
If, as anticipated, the Company files an SB-2 during the covered period, the Company will use its best efforts to register the warrants and their underlying shares. The Company shall be expeditious in forwarding exercised shares upon receipt of funds in conjunction with exercise of warrants.
Only shares purchased on the open market are eligible. No insider shares, private placement shares, or any restricted shares are eligible.
THIS IS NOT A STOCK DIVIDEND.
Anthony Welch, Chairman, said: ``Our objective has always been strong returns through continuous growth or equity distributions. We believe the new agreements with VitalCare provides for this. The new agreement furthers our efforts with our cancer detection technology. Our prior plans for equity distributions are still active. Further to this, we have a new dividend to be announced shortly in the appropriate SEC filings.''
IGAM -- Interactive Games Announces Record Date for Spin-Off to Stockholders of Current Business
Friday June 29, 7:00 am ET
Plan Is for Newly-Created Company to Be Publicly Traded
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Interactive Games, Inc. (the "Company" or "Interactive") (OTCBB:IGAM - News) announced today that its board of directors have established July 10, 2007 as the "record date" for determining the record holders of Company common stock for purposes of receiving a pro rata "spin-off" distribution of the shares of capital stock of the Company's wholly owned operating subsidiary, to all of the Company's shareholders. This spin-off of the Company's current business was previously announced as part of the Agreement and Plan of Reorganization for the share exchange with Nuvo Solar Energy, Inc. announced on April 26, 2007. All Interactive shareholders of record at the close of business on July 10, 2007 will be eligible to receive the newly created spin-off company common stock, on a pro rata basis, for each share of Interactive common stock owned as of the "record date" on the "distribution date".
The "distribution date" of the spin-off shares will be determined at a later date subject to completion of certain legal and regulatory requirements and conditions, and will be announced at such time as the specific date can be determined in the discretion of the Company's board of directors. The Company's intent is to make the newly created spin-off company publicly traded subject to filing of the necessary documentation and required regulatory approval.
Interactive Games Inc., http://www.interactivegamesinc.com, is presently a developer and licensor of interactive casino technologies and redemption gaming applications. Interactive Games has entered into a share exchange agreement with Nuvo Solar Energy, Inc. whereby the two companies will be merged. Nuvo Solar Energy is a development stage company that has acquired a license for exclusive worldwide rights to a unique solar cell technology.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contact:
Interactive Games, Inc.
Barry Hollander, 561-514-9042
--------------------------------------------------------------------------------
Source: Interactive Games, Inc.
UPDA Board Approves Spin Off to Shareholders - One Share of Continental Fuels, Inc. Subsidiary to be Distributed for Every 50 Shares of UPDA
The Board of Directors of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1), has approved a resolution to spin off a portion of its holdings in Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CNDI) (GER:CNDI) (BCN:CNDI) to UPDA’s common stockholders of record on July 11, 2007, the second anniversary of UPDA’s launch as an energy development company.
According to the Board Resolution, one share of CFUL common stock will be distributed to UPDA’s common stockholders for every 50 shares of UPDA common stock held. Every UPDA common stockholder will receive at least one CFUL share in this distribution and fractional shares will be rounded up to the nearest whole number. The date of the distribution will be August 1, 2007 to UPDA’s common stockholders of record on July 11, 2007.
Although the distributed shares will be restricted from transfer for one year pursuant to SEC Rule 144, UPDA has obtained an opinion that the shares will have no tax consequence to the recipient until they are sold or transferred.
“We have come a long way in just two years and this distribution allows the shareholders to benefit from UPDA’s growth in a tangible way,” reports UPDA Chairman Kamal Abdallah. “It also allows the Board to underscore the value that the company has been developing since its inception. The spin-off of this portion of CFUL shares represents only about 2% of UPDA’s net assets according to an internal review.”
eMax Holdings Corporation - (PINKSHEETS: EMXC) - Spin Off shares of Artist Innovations, Inc. (1 for 2)
Record Date: May 15th
BMXP Holdings, Inc. (Pink Sheets:BXPH - News) - Spin-off shares of BMSN (1 for 3)
Record Date: 5/23/2007
DMOI will be a good one to get.
eMax Holdings Corporation - (PINKSHEETS: EMXC) - Spin Off shares of Artist Innovations, Inc. (1 for 2)
Record Date: May 15th
Quote:
SPRINGFIELD, TN -- (MARKET WIRE) -- April 19, 2007 -- eMax Holdings Corporation (PINKSHEETS: EMXC) (http://www.emaxcorp.com) today announces they have signed an acquisition agreement to acquire all assets and rights held by Artist Innovations, Inc. This event will grant the eMax Holdings Corporation shareholders a new stock dividend in the company. eMax Holdings shareholders can expect to receive a new share of stock in eMax Holdings Corporation for each two shares they currently hold in eMax Holdings Corporation. The record date for the stock dividend will be May 15, 2007.
Roxanna Weber, CEO of eMax Holdings Corporation, stated, "This is the first of several events that will occur to complete consolidation of assets and operating business under the eMax Holdings Corporation holding corporation. These events will help to simplify the company's operating divisions; and at the same time benefiting the shareholders that have been with the company for a long time. We value our shareholders and the position that they have taken in supporting eMax and these events will generate tremendous gain to the company and for our shareholders."
Highlighted Links
MacReport.Net
eMax Holdings Corporation
eMax shareholders should expect to receive mailings from the company announcing the dividends and to make sure the company has all shareholders correct mailing information. If you are a shareholder and do not know if we have your correct mailing address please contact our office and provide us with your correct information.
I never got in,But congrats i thing your doing great on this one.Nice close on friday!!
The pull-back represent my shares, hehe. I bought 800 at $1.30, it took me all day to fill. Not too much volume, the stock is pretty much under the radar. I would guess after the split, the shares will trade between .30-.40.
One thing I like is, about once a week this stock has reliably swung from $1.00 to $1.60. It seems to be on a regular cycle! Really bizarre chart.
The stock dividend looks interesting, in a technology company that bought a patent for $12 million, that reduces electrical friction. They just PR'd they're finally using the patent in some new audio speakers. It's the sort of thing that might be a long shot, but if they make it they could become widely used and huge. It's worth some lottery money IMO. I think tomorrow will be the last day to qualify for the dividend, but it's hard to say since they state the record date falls on a Sunday. I think that means Monday is the record date, so this Thursday COULD be the ex-date. Hard to say tho. Either way buying now will get one in for the 4-1 forward split.
No other dividends AT ALL on my radar right now, by the way. Alot coming but none have established record dates.
Nice find,looks like it pulled back a little today.Makes it even more interesting!Any guess where it will be after the split? I wont hold you to it. lol
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.
Right on, right on!
Absolutely NO good looking dividends right now, that ACMG and INNX are complete. I'll keep you guys posted tho next week if anything pops up.
-THERE IS NOTHING TO SEE HERE - MOVE ALONG, MOVE ALONG-
Now i see where i found this one!!good one and thanks agian.
HUGE! ACMG Dividend announced. ACMG has been on a major tear, and this dividend, announced 3 days before the ex-date on Wednesday, will force all shorts to rapidly cover.
Siam Renewable Energy Group Announces Dividend to Alcar Chemicals Group Stockholders
Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) releases the news today that Siam Renewable Energy Group Ltd will issue a dividend to ACMG stockholders on record.
The company stated that, pursuant to the finalized acquisition, Siam Renewable Energy Group is now restructuring ACMG into two companies through the incorporation of ARTL, which will be taken public immediately. A dividend will be issued in the form of one per share to stockholders on record as of end of March.
According to the company one share in ARTL will be issued for every share held in ACMG for all registered shareholders verified as of March 30, 2007.
The company affirms that this new structure will enable it to make a serious difference and that it is glad to reward its long-term shareholders.
Tomorrow is the last day to buy this:
Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) - Spin-Off shares in Gray Publishing and Media (1-1)
Record Date: March 19th, 2007 (ex-date probably Thusday march 15th)
Graystone Park Enterprises, Inc. Sets Record Date for Gray Publishing and Media, Inc. Dividend
ORLANDO, FL -- (MARKET WIRE) -- March 12, 2007 -- Graystone Park Enterprises, Inc. (PINKSHEETS: GPKE) announced today that the record date for the Gray Publishing and Media, Inc. Casebriefs™ dividend is scheduled for March 19th, 2007 at 4 p.m. (EDT). The dividend will be based upon the shareholder's position held in the parent company, Graystone Park Enterprises (www.GPKE.com).
For every 1 share of GPKE that is owned by the close of the record date, the shareholder will receive 1 share of Gray Publishing and Media, Inc. as a dividend. In order to be eligible to receive the share-for-share dividend, GPKE shares must be owned by the close of the market on March 19, 2007.
Graystone's management is planning to issue a common stock dividend in its wholly owned subsidiary FishOx™ Systems, Inc. (www.fishox.com).
I like the dividend strategy too, I've already got the NLUB and will be in INNX soon.
Sure thing, I hope they both play out well.
Excellent thinking, Shamantiks. I like your observations, and I have put those both on my watch list. Let's keep track of them...
Thank you!
Two new ones I think will be HOT - INNX and NLUB. Got 1 week to get in both before the record or ex-dates. Personally I think NLUB will become a short squeeze and do some real damage. INNX, I expect a steady rise through next week, it moves really violently so don't be surprised. From .25 to .40 within 10 trades kind of thing. The SEC also delayed the PAIM dividend X-date for probably a coule weeks. Keep on eye on NLUB I tell ya! Guess what - the float is only 15.6 million.
Infinite Networks Corporation (INNX) - Spin-off shares of Eller Industries (ELRI) - (7 for 1)
Ex-Date: March 26, 2007
Nitro Lube (NLUB) - Spin-off shares of Easy Phone, Inc. (1 for 4)
Record Date - March 20th, 2007
"Finally, PAIM still awaits from NASDAQ the X- date for the stock dividend issuance of 1 PGMC/Phil Oil common share for every 100 PAIM common shares held as of record date of Feb. 26, 2007. “We are hopeful that NASDAQ will give us the X- date for the stock dividend in the next few days. Once we do have the date, we shall commence sending out the stock dividends to eligible shareholders. This will be automatic: that the more than 5,000 eligible PAIM shareholders do not have to do anything, we will just mail the stock certificates to them”, stated Gary Gotanco, VP-Bus. Dev. and Investor Relations Officer. "
A few more I've got my eye on, will keep feeding the beast.
Cool board. Thanks guys!
It's going nutso. I locked in a profit and can't look back ;). Special dividend plays are real nice.
-k
Looked at NEGI lately?
kojira
Did you see the NEGI news today -- on the NEGI board - seems a closer association with Icahn.
PM me your email (if you so choose) to discuss NVMG. Can't PM back as I have a free account but I'll email you.
You should do well in light of the cash on hand and the potential news on acquisitions that has been rumored. NVMG looking real strong, how do you feel about it? I know your a DD monster, so your thoughts would be appreciated.
-k
I did not sell. The cash value alone of the company is $4.46. I expect it to come back.
Sold out today at 3.50 and made a few bucks ;). That was a sweet play.
-k
kojira
Did you take a chance on NEGI?
Palomar Enterprises Begins Paying Dividends
Feb 15, 2007 9:35:00 AM
CARLSBAD, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Palomar Enterprises (OTC Bulletin Board: PLMA), announces the Date of Record for shareholders to receive a dividend, is set for March 8th, 2007. All Palomar shareholders of record will be entitled to receive a dividend of free trading stock in The Company's subsidiary, "The BlackHawk Fund." Palomar Enterprises will distribute 10 Million shares on a pro-rata basis to its shareholders. This is the first of several planned dividends that Palomar expects to distribute on a quarterly basis to its shareholders, subject to Board approval.
The dividend will be paid out automatically on March 28th, 2007 to all shareholders who own Palomar Enterprises as of the Record Date. The Company believes that dividend paying companies generally outperform other publicly traded companies and plans to build long-term value for its shareholders through this process.
ABOUT THE BLACKHAWK FUND
The BlackHawk Fund operates as a business development company, by developing and acquiring highly profitable businesses. The Company's Media Division recently announced the Agreement with Maximum Impact Television Group www.maximpacttv.com , for the rights to 10 Network Quality cable television shows.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward- looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
www.palomarenterprises.com
CONTACT:
775-887-0670
Contact1@palomarenterprises.com
SOURCE Palomar Enterprises
Infinite Networks Corporation (Pink Sheets: INNX) - Spin-off shares of Eller Industries, Inc. (ELRI) (7-1)
Record Date: February 28, 2007
Generation Holdings, Inc. (OTCBB:NGPX) - Spin off of Plastinum Corp
Record Date: Not decided yet
Scratch that math on PAIM, it doesn't apply with their forward split, it's now only a 5% dividend.
PAIM clarified:
"based on the following calculation: 1,000,000/100 = 10,000 common shares of PGMC/PHIL OIL. It is important to note that the PGMC stock dividends issued are already post-forward split. "
This is AWESOME. The PAIM dividend shares will already be split (so no dilution), and at current value are worth 300% more than the PAIM shares you need to get them.
News on the PAIM dividend. The big question is - if the record date to get PMGC shares from PAIM is Feb 18th, and the record date for PGMC to forward split 100/1 is also Feb 18th, do the dividend shares get forward split? If not, they are worthless.
Thursday, February 08 2007 1:31 PM, EST
--------------------------------------------------------------------------------
Philippines Gold Mining Corporation Announces Name Change, Refocuses on Oil Exploration/Production and Alternative Energy Utilization
Business Wire "US Press Releases "
MANILA, Philippines--(BUSINESS WIRE)--
Philippines Gold Mining Corporation (OTC:PGMC) announces that it has changed its name to Philippines Royal Oil & Alternative Energy Co., Inc. (Phil Oil) and moved the company's jurisdiction from Nevada to Wyoming. The company's CUSIP number 718291107 and a new symbol will be assigned.
The change in the company's location and name indicates the company's long-term business plan of oil exploration/production and utilization of other alternative energy sources in the Philippine archipelago. Philippines Royal Oil & Alternative Energy Co., Inc. (Phil Oil) has already gone into preliminary oil exploration in an area in the Philippines known to have substantial oil and coal reserves, and has recently entered into an agreement with a landowner in the Island of Negros to conduct exploration for oil and coal. In early January 2007, President/CEO Engineer Gary Gotanco, MBA, accompanied a team of geologists composed of Chief Geologist Regino Selvano and Field Geologist Arlene Aguila in conducting an ocular inspection and oil sampling in the area. The Island of Negros, aside from being rich in various minerals, is the heart of the country's sugar industry, with thousands of acres of sugarcane fields. This island is also one of the breeding grounds for the emerging bioethanol industry in the country, as sugarcane is used as a raw material for bioethanol production. Last January 12, Philippine President Gloria Macapagal Arroyo signed into law Republic Act 9367, or the "Biofuels Act of 2006," which mandates the use of biofuels, i.e. bioethanol and biodiesel, as a measure to develop and utilize indigenous renewable and sustainably sourced clean energy sources. Philippines Royal Oil & Alternative Energy Co., Inc. intends to avail of incentives for companies engaged in production and development of alternative fuels as prescribed by the said law.
In addition, PGMC is doing a forward split of its Common Shares on a 100 to 1 basis, with record date set for February 18, 2007. The exchange date is February 23, 2007, and upon surrender of the old certificates, the company will mail directly the new stock certificates bearing the new post-split number of shares, name change, new symbol and CUSIP number, to all the existing shareholders on record. The current pre-split issued and outstanding common shares totaling 2,500,000 will bear the new post forward split of 250,000,000 outstanding common shares.
Furthermore, on January 29, 2007 the company's Board of Directors resolved to issue stocks of PGMC (New Name: Philippines Royal Oil & Alternative Energy Co., Inc. Stock) as dividend to all existing Common Shareholders of Pearl Asian Mining Industries, Inc. (Stock Symbol: PAIM). This will take effect on the record date of February 18, 2007; 1 (one) share of PGMC to be given for every 100 (100) shares of PAIM.
Finally, the newly appointed officers and directors of Philippines Royal Oil & Alternative Energy Co., Inc. are Anthony Val Gary Gotanco, MBA, to serve as the President/CEO; Ricardo S. Bernardo as V.P./COO; Ariel Caleon as V.P./PRO; Maribel Quinto as Secretary; and Arnel Morilla as EVP/CFO.
well be doing a reverse merger with rs later but this is a divvy of a non-restricted stock ... ||.721996 of a share of Aquamer, Inc. for each share held
PM|BB|BCSP|BellaCasa Productions, Inc. Common Stock||Spin off|01/31/2007|02/02/2007||.721996 of a share of Aquamer, Inc. for each share held. P/D: TBA.
What is BCSP doing exactly? I tried reading it but it is horribly confusing. From what i can understand they will Reverse merge and reverse split the shares. The distribution ratio looks like for every 1 current share we will get .7 new shares.
What are the positives for this merger? It looks like Post merger shareholders would have less shares in the Combined company than they currently own correct?
The only reason I ask so many questions is because you seem to have much more information that I do in this company.
Did they change the record date? Is it confirmed that if a shareholder buys today they will receive shares in the new company?
This does not really seem like a divided. It seems one company will reverse merge into another then they will reverse split the shares.
So why would a shareholder want to own the new combined company with less shares?
Will the new company have more
Revenue?
Profits?
Assets?
Would it be prudent to wait till after the merger and reverse split to buy into the company? It does not seem that current shareholders will receive any extra shares (dividends) in the transaction In fact potential buyers pre-merger would lose shares.
I am not bashing I am just curious as to why I or someone else would want to buy this stock before the merger. I did some reading on the company but there is a lot to read and take. I only found out about the company yesterday and it is a lot to take in with such a short amount of time before the deadline.
Perhaps you can help fill in some blanks.
Thank you.
Argyll, thanks for the reply. Hopefully it works out for both of us ;).
-k
Great to see you guys interested in divies. Can I even help mod if I don't have a paid Ihub subsciption? I'm on freebies here, hehe - I'd consider it but don't have alot of time to commmit, I should probably politely decline for now. The thread is at the end of my post, but I check Ihub alot and will keep you guys informed of anything juicy I find out about early. It's not a terribly active thread, but shows some of the history of last years dividends.
To answer some questions - I say the cash dividend will drop the price, because cash dividends automatically drop the share price on the pay date. Like posted, if over 25%, then the ex-date is on the pay date - the really important parts to understand are that cash dividends:
1) Automatically reduce the share price by the exact amount, the day it is paid. Therefore it is not free. A $7 stock paying a $3 dividend will start trading the next day at $4. It's not the market determining what the opening price is, it's the market makers. Look at TOPT or other big cash dividend adjustments.
2) Cash dividends are taxed the year you receive them.
3) The advantage to a cash dividend is, the shares are cheaper afterwards, and will draw in new investors.
4) I'm not interested in them unless they are huge, like 30% or more.
On stock dividends, yes, I like the OTC stock dividends. There are a few flavors, I rank them like this:
1) Forward Splits - SUCK. Beware of them, they are a RUSE on the pink sheets and OTC. Forward splits should only be performed by companies making earnings, like Wells Fargo. Look at ECFL and GWGO to see the effects of a forward split on a penny stock company, in most cases. Of course there are exceptions to every rule.
2) Common Stock Dividends - these are sometimes good, especially if they are restricted (and don't dilute the float for a year or more). These are shares pulled from the treasury, unlike a forward split where they are created out of this air, essentially.
3) Spin-Offs - These are my favorite. They are truly free shares in another company, usually a subsidiary. Almost always restricted for 1 or 2 years, not taxable until you sell. Most of them are almost worthless, too, lol. I only pursue 1 out of every 3 or 4 I learn about. Tread carefully, and look at LBTN to see a spin-off gone sour. Price from high of .0030 to .0001 in a couple weeks after the dividend, and then a reverse split on the dividend shares in SLSE.
I generally think the pink sheets are a black hole of pain and corruption. But some of the best action is with stock dividends, just don't go all in to any one, as you should consider them to be lottery tickets, dependent on whether your penny stock company survives the next year of naked shorting and flippers.
http://www.hotstockmarket.com/forums/showthread.php?t=38924&page=38&highlight=dividend
The company has $88 million cash and 11.2 million shares. That should give it a valuation of $7.85, which it obviously does not reflect.
After the dividend it will have $50 million cash, which would give a valuation of $4.46 per share on a pure cash value basis.
The pps so far doesn't reflect either valuation.
The CEO says he is looking around for business opportunities. Considering $50 million, the interest it earns, and almost no overhead, that could be a significant possibility. He said if nothing comes up, the rest of the cash would then be distributed to the shareholders. If the latter happens, the worst case scenario is $4.46 a share (after the 3.31 a share you're getting Feb. 15 if you own some now). I got the impression that he expected to look around for the next six months or so.
So far I've only bought 100 shares to see what happens.
Can you give me the link to the board you mod? I can’t find it but I definitely want to read it.
Also can you tell me how otc and otcbb stock dividends are taxed? As far as I understand they are non-taxable until one sells them right?
What is your philosophy on otcbb spinoff dividends? When you say FREE shares I assume you mean it’s because they are not taxed until one sells correct? Could you tell me exactly you mean when you call them FREE?
I do know that a cash divided is taxed whether or not someone subscribes to drip or not.
Sorry about all of the questions but I am pretty new to this game.
Also if you like spin-off dividends you should take a look at Nmkt as they are going to spin-off multiple stocks in the future.
Argyll, looks pretty good to me. Your thoughts? Thanks.
-k
The company has $88 million cash and is paying about $37 million in dividends. It will have $50 million left over after this dividend to possibly put in a new business or, if that doesn't come through, it will pay the rest out in dividends to shareholders.
Dividends Or Distributions 25 Percent Or Greater Than Security Value The second method, under subparagraph (b)(2) of Rule 11140, provides that for dividends or distributions that are 25 percent or greater of the value of the subject security, the ex-date shall be the first business day following the payable date.
For example, if an issuer has announced August 10 as the record date and August 31 as the payable date, then the ex-date will be September 1, the first business day after the payable date. In this example, September 1 is the day on or after which a buyer would purchase the security without the dividend and, therefore, the day on which the price of the stock is adjusted downward.
In this example, a seller of the security on August 15, even though the holder of record to receive the dividend, would have to relinquish the dividend to the buyer. Indeed, because the value of the security on August 15 has not yet been adjusted downward to reflect the
dividend distribution, the seller in this example would be unjustly enriched by keeping the dividend.
The seller would have received the value of the dividend twice: first, as fully reflected in the unadjusted price of the stock on August 15; and secondly, as subsequently paid
by the company to record date holders.
This Notice reminds member firms and their associated persons that ex-dates are determined differently, depending on the size of the distribution. Current and historical
dividend information is maintained by The Nasdaq Stock Market and can be found on the Nasdaq Trader Web Site at www.nasdaqtrader.com/dailylist/dl_di_ind.stm.
Endnote
1The term “record date” under the Uniform Practice Code means the date fixed by the
trustee, registrar, paying agent, or issuer for the purpose of determining the holders of
equity securities, bonds, similar evidences of indebtedness, or unit investment trust securities entitled to receive dividends, interest or principal payments, or any other
distributions.
© 2000, National Association of Securities Dealers, Inc. (NASD). All rights reserved. Notices to Members attempt to present information to readers in a format that is easily understandable. However, please be aware that, in case of any misunderstanding,
the rule language prevails. NASD Notice to Members 00-54
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003997.pdf
The ex-dividend date is the 16th of Feb and it's a cash dividend (see link below). How do you figure it will drop by the $3.31 dividend price? I don't, if you look at the chart for the last several months there is solid support in the high 5 and low 6 area. IMO this might work out to be a solid play. GLTY.
http://www.otcbb.com/asp/dividend.asp?sym_id=NEGI&dDate=02/01/2007&sDateType=Record_date
-k
Do you want to help me mod here? I am always on the lookout for new stock dividends and good solid reverse merger opportunities.
We would have to update the ibox frequently removing the old dividends. We would also have to be up to date on the upcoming ex-dividend dates.
Thank you very much for the stocks you posted. Also it would be totally fine if you don’t want or don’t have the time to help me mod here.
Actually if anyone wants to help me mod feel free. its a big job to update all of the new spin-off dividends that are always coming out.
PM|BB|BCSP|BellaCasa Productions, Inc. Common Stock||Spin off|01/31/2007|02/02/2007||.721996 of a share of Aquamer, Inc. for each share held. P/D: TBA.
http://www.aquamerbiotech.com/
DATE OPEN HIGH LOW CLOSE VOLUME
03/31/06 --- 0.450 0.200 0.200 52,500
06/30/06 --- 0.200 0.050 0.050 43,000
09/29/06 --- 0.100 0.050 0.060 79,910
12/29/06 --- 0.070 0.050 0.050 73,820
http://www.otcbb.com/asp/dividend.asp?sym_id=BCSP&dDate=02/02/2007&sDateType=Record_date
Ok, here is my dividend list, as I maintain on another board (I won't spam the link here). I'm happy to share. Note that MOST of these I consider very risky, and will not be buying. I do like HWYI the most. In general, you must own three days before the record date to be safe and get dividend shares. stock dividends are my main interest, as they are truly "Free" on the OTC and Pink Sheets
Bad Toys Holdings, Inc. (OTCBB: BTYH) - Spin-off shares of Southland Health Services, Inc. ("Southland")
Record Date: January 31, 2007
Ex-Dividend Date: February 1, 2007
Goodfellow Inc. (TSE: GDL) - Two-for-One Stock Split
Record Date: January 19, 2007
Pay Date: February 2, 2007
Central Garden & Pet (NASDAQ:CENT) - Two shares of Class A stock for each share of common stock
Record Date: January 14, 2007
Pay Date: February 5, 2007 (probably too late to buy this)
Atlantis Business Development Corp (OTCBB: ABSD) - 1 restricted share in ABSD for every 2 shares held
Record Date: February 16th
Pearl Asian Mining Industries (OTC: PAIM) - Shares of Phillippines Gold Mining Corp (PGMC) 1-100 ratio
Record Date: February 18th, 2007
Hathaway Inc (HWYI) - Spin off shares of Opticon
Record Date: February 19th
IBAC Corp. New (IBCX) - Spin off shares of it's restaurant and food services
Record Date: Should be 30 days from December 17th - no word yet to confirm
CDSS Wind Down Inc (CWDW) - 2 additional cash distributions.
Just gave a .50 cash dividend, price is just under .04.
Record Date: Not Announced, but they'll tell us 10 days beforehand.
Hi guys, glad you added this thread to Ihub. I track dividends regularly, and the next post will provide my updates. But regarding NEGI, here is the PR:
"National Energy Group, Inc. Announces Cash Dividend to Be Paid on February 15, 2007
DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- National Energy Group, Inc. (OTC Bulletin Board: NEGI) ('NEGI' or the 'Company') announced today that it has declared a one-time cash dividend on its outstanding common stock in the amount of $3.31 per share, or $37,041,051.50 in the aggregate, payable on February 15, 2007 to stockholders of record as of the close of business on February 1, 2007. "
The way I read it, this will be treated like a standard cash dividend. The record date, in this case, is meaningless. Shares will trade with the dividend until the end of day on Feb 1. On Feb 2, those holding shares will receive the cash, but the share price will drop by $3.31 from wherever it's at. So Feb 2 is the "Ex-Dividend" date, anyone holding shares before then is entitled to the dividend. You will still get the cash if you buy now, but it's not "free" because of the price adjustment. However, the share price could likely go back up rapidly, as that is a HUGE cash dividend (50%!!!)
It seems to be too late to receive the Negi dividend. If i read the press release correctly someone needs to be a shareholder of record by this Thursday. If someone were to buy the stock now they would miss the deadline.
NEGI pays out a 3.31 a share need to be a shareholder by closing tomorrow untill the 15th. Good Luck.
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