IDGC's dividend... interesting LOCKPORT, Ill. Feb. 09, 2018 (GLOBE NEWSWIRE)
Via OTC PR Wire -- The Board of Directors of IDGlobal Corp. , a Colorado corporation (OTC:IDGC) ("IDGC"), is today pleased to announce the declaration of a special dividend in the form of common stock of Encounter Technologies, Inc. , a Colorado corporation (US.ENTI.PK) ("ENTI"), to the holders of IDGC's common stock as at February 23, 2018 ("Record Date").
The holder of each one share of IDGC's common stock on the Record Date will receive one share of common stock in ENTI. IDGC is today notifying the Financial Industry Regulatory Authority ("FINRA") of the occurrence of this corporate action (the "Dividend"), under which the Dividend will be distributed following FINRA's review and approval of the same.
The Dividend has been made possible by Sebastien DuFort , IDGC's Chairman and Chief Executive Officer. Mr. DuFort, by virtue of his prior dealings with ENTI, has entered into an agreement with IDGC and ENTI; whereby, he delivered certain of the shares he owns in ENTI to IDGC for distribution to and for the benefit of IDGC's shareholders. Mr. DuFort stated, "My interest is and always has been to fully-develop IDGlobal to its maximum potential for the benefit of its shareholders. ENTI has gone through some tough times, but under its present management over the past couple of years, and because of a collaborative effort between IDGC and ENTI, I think we can develop a comprehensive plan of operations that will best serve our shareholders and others having business with IDGC, ENTI, and their respective subsidiaries."
IDGC, ENTI, their subsidiaries and direct coventurers, respectively and collectively seek safe-harbor in accordance with the provisions of the Private Securities Reform Act of 1995 for certain forward-looking statements ... bla bla bla
Interesting maneuver Mr. DuFort
