If you exchange a dollar for 4 quarters, would you consider that a dividend?
And in reality, the MCIG/VCIG situation is actually NOT precisely equitable in the way the above scenario is...but the essence is the same.
If I own 750k shares of MCIG and I receive 750k shares of VCIG per planned offering, By the time I can liquidate the 750k shares of VCIG(about a month after the delivery), and the share price is $.10, I cash in $75,000. That's real money profit Comrade.