Geomet Inc fka GMET

[startingboy]

On, February 15, 2017, a cash distribution in the aggregate amount of $12,006,338 (94% of the amount approved by the Board) will be made to the holders of its Preferred Stock as of the Record Date (or $1.6636154 per share based on 7,217,015 shares of Preferred Stock issued and outstanding as of the Record Date) and a cash distribution in the aggregate amount of $766,362 (6% of the amount approved by the Board) will be made to the holders of its Common Stock as of the Record Date (or $0.0189163 per share based on 40,513,373 shares of Common Stock issued and outstanding as of the Record Date).
https://www.otcmarkets.com/stock/GMET/news