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DecisionPoint Systems Announces Quarterly Cash Dividend on Series D Preferred Shares
Decisionpoint Sys In (OTCBB:DPSI)
Intraday Stock Chart
Today : Saturday 5 October 2013
Click Here for more Decisionpoint Sys In Charts.
IRVINE, Calif., Oct. 4, 2013 /PRNewswire/ -- DecisionPointâ„¢ Systems, Inc. (OTCBB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that its Board of Directors has approved the payment of a quarterly cash dividend of eight percent of the stated value of the Company's Series D Preferred Stock from July 1, 2013 through September 30, 2013. The total stated value of the Series D Preferred Stock is $7,042,000. The dividend will be paid on or about October 15, 2013 to the Series D Preferred Stockholders of record as of September 30, 2013.
About DecisionPointâ„¢ Systems, Inc.
DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.
For more information on DecisionPoint Systems visit www.decisionpt.com
Forward Looking Statements
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Contacts:
DecisionPoint Systems, Inc.
Nicholas R. Toms
Chief Executive Officer
(973) 489-1425
Allen & Caron, Inc.
Rudy Barrio (investors)
r.barrio@allencaron.com
(212) 691-8087
Len Hall (media)
len@allencaron.com
(949) 474-4300
SOURCE DecisionPointâ„¢ Systems, Inc.
Closing on Esko will be on Monday.
Yes
*dissent.... spell check =)
So we are all in that didn't descend... I asked Phil if they had very many people descend.. I told him I did not.
"The deadline was yesterday so you are taking the ride the same as I am based on my shares and my goal is to get as high a value as possible."
Let the re-listing began.. GOD willing!!!
2% But I doubt anyone will tell the truth who actually does. I am not!!
I got my check today for descending... anyone else?? Ha ha NOT! Has anyone that has sent in got any info yet??
There goes any chance of revers merger or any kind of pump to get something back!!!
It doesn't sound to difficult.. You send in a written request, they send you an offer... Now if you don't like the offer then yes, then your talking more time and possible lawyer/court.
So have you mailed your request for fair value?
So who is or has sent in there request for 'Fair Value' and would you be kind enough to let us know what you receive back from them as an offer.
I do wish everyone the best on whatever decision you make.. I do feel staying is going to be the biggest return.
The link I posted bypasses the login.
Agreed!
Lex... I asked about the financials and this is what I got from Phil...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91957154
Not exactly what I wanted to hear on that question but his response...
"Don't worry everything is lined up, but it will take 2-3 mths."
His response...
"You're ahead of the curve. We need 1-3 mths to (a) Close w/ESKO and (b) do new acquisition. "
I have asked about SS waiting for a reply.
Staying!!!
Is the debt with NIR going to be paid off with the sale and will that reduce the share structure from what I'm guessing to be around 5b +?
From Phil..
"Correct NIR will get $350K at closing in full settlement."
Your prob right.. I tell him he needs to go back to school... and what did your lawyer say, or are you a lawyer?
'underdog150'.. Did your lawyer look over it for you?? Mine did today, He said basically they have to put an out in Doc's of that mater for protection because anything can happen and they are forward looking statements that have not happened yet.. He also said he can not see any reason they would go to all the trouble and spend all the money they are to not intend to have success.
What did your say??
How many Co have gotten registered to trade with the Sec??
Do you know the status of all those Co?? none of them where in the position Cape was in.. they where all BK or scams.
OK!!! ;)
Not a one... THIS WILL BE THE FIRST!!!! MAKING HISTORY BABY!!!
I'm guessing that the CYSG shares will stay the same, the Co. CSG Inc. after the sale of the subsidiaries the Co. will get current with the SEC and file the proper paper work to be reinstated and at that time will be a public Co. After that shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. If the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company. However, a comprehensive disclosure document containing audited financial statements and significant legal disclosures is required by the Securities and Exchange Commission for reporting issuers. The disclosure is filed on Form 8-K and is filed immediately upon completion of the reverse merger transaction.
The transaction involves the private and shell company exchanging information on each other, negotiating the merger terms, and signing a share exchange agreement. At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company. The private company's shareholders pay for the shell company by contributing their shares in the private company to the shell company that they now control. This share exchange and change of control completes the reverse takeover, transforming the formerly privately held company into a publicly held company.
Catch up!!! it will be in the market.
Ok CYSG will not trade again.. HA ha!! CSG Inc. Will Though!!!!!
'FKA Booger' ... you are a mistry to me! One sec your this is a pos and will never trade and now it is in the works. Please no offence!!!
WE WILL TRADE AGAIN!!!!
Yes she knows legal.. Doesn't mean she knows what is going on.
Why even mess with a bonus of shares if it wasn't in their plans to reinstate the stock?????? Get a clue!!
Almost in the top 10!! To bad we weren't trading.. Ha ha
This morning or late last night.
I got mine.. Email from ST also.
Thanks but I do my own DD and am not Brainwashed. So you will be sending in your paperwork for "Fair Value"? Who else is??
That was the SALE of the Subsidiaries!!! We still have NO clue what is now CSG Inc. is worth... lets say they do have this $20mm in nol's what is that worth to another Co. they may or may not have in the works.. what would that do for DPSI???
That was in regards the sale of Cape Systems/Cape Systems & Consulting Group.
I really believe they have a plan merger/acquisition in mind or in the works.. "The 2nd Deal"