Everything Blockchain Inc (EBZT)

[lesgetrich]

Here's an explanation of how the dividend was calculated and how it affected the share price of mCig...

mCig post # 91368

I calculated the effect on mCig's share price back on February 12, 2018...

mCig post # 92839

Of course, mCig is playing this for their benefit (which is to our benefit as shareholders). The $.55/share dividend value means that on the ex-dividend date (XDATE) the share price of mCig will be reduced by $.00055/share, which is a negligible amount. Had they waited to report OBITX revenues, they would have had to have been factored into the dividend value and mCig shares would have taken a bigger hit. Now they're free to report OBITX revenues without affecting the dividend value. Every shareholder wins on the lower tax on dividend income and smaller hit on mCig's share price. The $3.3 million market cap is the $3.3 million mCig paid for 420Cloud and the programming talent that came with it.

mCig shareholders received a dividend of 1 OBTX share valued at $.55/share for every 1,000 shares of mCig that they owned. Consequently the value of the dividend was $.55/1000 or $.00055/mcig share.