InvestorsHub Logo
Followers 0
Posts 11
Boards Moderated 0
Alias Born 04/21/2008

Re: Farmboynate post# 6990

Saturday, 06/28/2008 3:05:15 PM

Saturday, June 28, 2008 3:05:15 PM

Post# of 17004
Do you know about this?,from last year.
As a part of DMGS' overall strategy to improve the company's cash positions and stockholder value, DMGS negotiated a transaction with a significant local company that boasts $95 million in income producing real estate assets. That transaction requires the purchaser to buy 174 building lots from DMGS for $8.7 million, in cash. When DMGS' Board of Directors entered into the sale transaction, it was to provide immediate benefits that could be realized by its stockholders as the result of the closing of that transaction. To that extent, in October 2007, the company's board of directors declared a special dividend of $0.10 per share to the holders of the company's common stock, which was to be paid on January 4, 2008 to stockholders of record as at December 18, 2007 from the gross proceeds of the real estate transaction.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.