United American Corporation management now proposes
to spin-off Teliphone. To complete the spin-off, management proposes to
distribute Teliphone's 25,737,785 shares of common stock on a pro rata basis to
its shareholders.
Uamas current float is about 49,969,985 (last 10Q)
so we get 0.515 shares of Teliphone (.25) for every UAMA share
(approx value for each uama share is about .12) double the current share price.
assuming i have not missed the obvious. in 180 days (assuming the investment is successful) We win.
I did not have time to see when the shareholders on record would be taken so I am assuming it's effectively today. (But on this i could be wrong), however today or the original date way back will be fine. Although thinking about it i don't suppose a future date would be bad as long as UAMA dosn't dilute in the mean time.
Rig, where have i gone wrong ????. Have I over simplified this.
Interesting times
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM