15% of Redwood Class B stock goes to the holders of GMDP common shares thereby rendering Redwood a publicly held company, in exchange for the use of Global's shareholder list.
So they way I read it is that they are dividing up 15% of Redwood stock and giving it to the common holders of GMDP.
The value of that 15% of Redwood, divided by the # of outstanding common shares of GMDP = about .013/share.
Back to my original point.. With GMDP at .008 this is a 162.5% yield.. This thing should skyrocket up to the ex dividend date I would think ?
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