FBS already posted the latest news release from MTRE; another significant step forward and confirming that the uplisting to OTCBB is very near. Note that anyone wanting to get in on the one-for-one divvy should act very quickly as there are few shares left to be had -- the float is held very tightly. Further info can be gleaned from reading posts on the MTRE discussion board.
Pertinent Excerpts from News Release:
Market & Research Corp. Board of Directors Sets LifeHealthCare, Inc. Dividend Pay Date
WESTPORT, CT, Aug 14, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. (PINKSHEETS: MTRE) today announced that its Board of Directors has set both the record and dividend pay date for the LifeHealthCare, Inc. ("LHC") spin-off share dividend. Gary Stein, President, stated, "We have set LHC's record date as September 3, 2008, with a dividend pay date of September 12, 2008. Market & Research shareholders are reminded that the spin-off dividend will now be paid out in full, rather than the three separate payouts previously announced, and will be issued at a 1:1 ratio."
Stein closed his remarks by commenting, "We expect to hear shortly on our application for uplisting to the OTC.BB exchange. We are submitting today our Form 10 in response to the SEC's comments. Upon completion of the spin-out and uplist, we look forward to moving ahead on the finance package details on our previously discussed acquisitions, which we also expect to close by year-end."
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
AI
