LSGH USEH - sound familiar??????
Qwoter Wire: Lone Star Group Holdings (OTCBB: LSGH) announces special shareholder dividend
THURSDAY , JANUARY 11, 2007 08:35 AM
Jan 11, 2007 (M2 PRESSWIRE via COMTEX) -- Lone Star Group Holdings (OTCBB: LSGH) formally US Energy Holdings (OTCBB: USEH) board of directors have decided to increase the shareholders position by issuing a 1 for 1 restricted dividend for shareholders of record on January 31, 2007
Lone Star Group Holdings through its expanded business plan is engaging an additional four acquisitions with the first of four now moving to LOI, the board of directors has decided to increase shareholder value in all planned acquisitions by issuing this first of several expected dividends.
The plan of Lone Star Holdings is to acquire or bring in several subsidiary companies under the parent with the purpose of "Spinning" those companies out into their own public entity. The benefit of the parent shareholder(s) of record is that for a single investment they will receive additional newly issued share(s) in the "Spin Out" subsidiaries.
(Example: "Spin Out") - Any corporation that wishes to grant freedom to its subsidiary to tap the power of the financial markets has the choice of "Spin Off". It can "Spin Off" the subsidiary by selling its entire stake to the public -- usually as a special stock dividend and creating a new company with a separate and independent board of directors. It also can take an equity carve out, issuing or selling a portion of its equity in the subsidiary to the public and (usually) keeping a majority stake in the new company, which has a separate board of directors, assets, liabilities and officers.
(Example: "Dividend") - A portion of company's quarterly profit paid to its shareholders in the form of cash or stock.
The company's expanded business plan was consummated by the recently introduced acquisition of Lakeside Insurance & Financial, Inc., Lone Star Group Holdings is planned to announce the "Spin Out" timetable for this company in the coming weeks after an audit of the subsidiaries assets are completed. This audit is necessary so that the company may be "Spun Out" as a fully reporting OTCBB entity.
About Lakeside
