Marygold Companies Inc (MGLD)

[DrD]

Discretion to declare dividends is covered in new amendment to articles of incorporation, as listed in the latest 8k filing.

Do note that the filing does not claim any dividends are forth coming for CNCG. But if dividends were ever considered in the future it would be one heck of an incentive to attract new investors.

The actual wording from the filing is:
"New Section 3.5 replaces Article VIII, Section 1, allowing the Board discretion to declare dividends as often and in such amounts as permitted by law."
http://ih.advfn.com/p.php?pid=nmona&article=74182613


One historic fact to ponder is that prior to the merger Wainwright was paying out Hefty dividends to its share holders.
Per 18 Nov 2016 def14c filing: https://www.sec.gov/Archives/edgar/data/1005101/000165495416004186/cncg_def14c.htm

Now after the merger those same share holders, (who received Concierge shares in place of Wainwright shares), are receiving zero dividends on their investment. I wounder if they're all OK with that?



Anyone need a definition of Hefty?




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