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Wednesday, April 10, 2024 2:28:35 PM
I understand your feelings. However, they may not want to issue a dividend until the merger is a certainty.
On the other hand, their wording sounds like they have already approved it, so maybe they will do it earlier.
The question is---what will it mean to the ILUS investor? They state the dividend will be from the 350,000 Series B stock
(which are convertible into 350 million common). Will they convert first and then issue the common? Will they issue the Series B straight out? Are there restrictions to converting the Series B? The PR stated:
In a further progress update, the ILUS Board has approved the payment of a SAML equity dividend to ILUS shareholders of record. A portion of its SAML Series B shares will be distributed to ILUS shareholders.
So not all of it will be distributed. And of amount distributed, what will be the dividend ratio??? Even after you get the shares (pre-merger), what further ratio will there be in the merger exchange? For example ONLY, let's say they declare a dividend of 10 SAML shares for every 1,000 ILUS shares, and assume one owns 1,000 shares of ILUS, you would get 10 SAML shares as a dividend. But then in the reverse merger, you may get 1 new share for every 10 shares of SAML. So after all is said and done, you will own one share of that Naz company.
Inquiring minds would like to know.
Recent ILUS News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/07/2024 08:50:58 PM
- ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • InvestorsHub NewsWire • 05/31/2024 04:52:19 PM
- ILUS Provides a First Quarter Filing Update • InvestorsHub NewsWire • 05/16/2024 03:26:47 PM
- ILUS Files Form 10-K and Provides Shareholder Update • InvestorsHub NewsWire • 05/02/2024 12:52:26 PM
- ILUS Provides Form 10-K Filing Update • InvestorsHub NewsWire • 04/17/2024 01:54:01 PM
- ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend • InvestorsHub NewsWire • 04/10/2024 01:36:45 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 03/04/2024 01:51:00 PM
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- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/20/2024 04:36:50 PM
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- ILUS Acquires the Majority Stake of Samsara Luggage, Inc. • InvestorsHub NewsWire • 01/10/2024 02:53:45 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 01/09/2024 05:06:17 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 05:04:58 PM
- ILUS Completes Acquisition and Provides Dividend, Merger and Subsidiary Update • InvestorsHub NewsWire • 12/29/2023 01:30:00 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 12/13/2023 04:33:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/24/2023 01:32:35 PM
- ILUS Provides Shareholder Update • InvestorsHub NewsWire • 10/20/2023 04:37:25 PM
- ILUS Finalizes Acquisition and Provides Shareholder Update • InvestorsHub NewsWire • 10/06/2023 02:52:50 PM
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