The dividends were always paid to retail shareholders in unrestricted shares. In other words, you can sell them as soon as they're posted to your brokers portfolio. Once the ex-dividend (xdate) is reached (assuming it was approved by the Board Of Directors, that would be February 17, 2023), the distribution is out of the company's hands. The only delay should be how long if takes the transfer agent to distribute the shares (usually a day or two) and how long it takes your broker to update your portfolio (some may update almost immediately but some can take as much as a week or more).
As for the value of the dividend, it can be estimated as follows...
Assuming we get 1 share of BULT for every 6 shares of BTZI that we own and we use today's pps values (BTZI = $.016/share and BULT = $.08/share)
$.08 / 6 = $.01333 = the value per BTZI share of the dividend
Consequently...
$.01333 / $.016 = .83
We're getting an 83% dividend. I'd say that that is significant value.
Unfortunately, the way dividends work, $.01333 will be subtracted from the closing price on February 16 and this number will be used as the opening price on February 17. In our example that would be $.00267 (i.e. $.016 - $.01333). Dividends never increase the value of your shares. They simply distribute profits or share value to shareholders. The original shares are always decreased by that value on the xdate. Since BTZI acquired BULT, the value of BULT should have been factored in to the value of BTZI by the market at that time. Now we are getting it back as a dividend.
I don't think that the market will buy that the value of BTZI would have suddenly decreased by that much so I would expect the pps to quickly go back to something closer to and probably above $.01/share so there will be a significant price gain shown on that day even though the actual value of your BTZI shares would probably be less than the previous day.
