Anybody else have the worthless Dividend shares from last year? Remember these? I have them and they remind me of how much of a scam this. Can't do anything with them. Should have known Trina covered himself with the last sentence below.
Chris Trina, Chairman and CEO stated this about this news, “We are pleased that the first dividend distribution of newly issued preferred C class shares went smoothly and without any issuance problems whatsoever. I am also extremely pleased with how well received and appreciated this first dividend was by our shareholders. I want to commend the joint efforts of FINRA, DTC and our transfer agent, Madison stock transfer agency on a job well done in organizing and preparing the preferred class C share distribution to shareholders of record this past August 22nd, 2014. By now every single shareholder that qualified for the first dividend should either have the dividend in their brokerage accounts or in a physical certificate.”
Trina had to this state about the details of the past and current dividends, “Our last issuance totaled 1,573,256 preferred C shares. This issuance announced today should reflect about half of that amount keeping in mind myself and other executives and board members are not participating in these dividend distributions whatsoever.”
Mr. Trina ended his comments by saying this to shareholder’s and the investing community, “I am very excited we have the luxury and ability to offer these dividends as a token of our appreciation to our long-term investors. Our stock has been historically very volatile and my hope is that these dividends help create a more stable marketplace and at the same time reward those investors who simply don’t trade our stock day to day and week to week. Additionally I am excited to announce that due diligence on our proposed A/C acquisition should commence by the end of September which is 6 weeks earlier than previously announced. Lastly I am researching the possibility and potential trading of these newly issued Preferred “C” class shares on the open market place but have not yet determined the viability of this strategy.”
