Lets understand the PR. In no way are my intentions to pick this PR apart but one has too. Here's the PR...
Feb 26, 2009 (M2 PRESSWIRE via COMTEX) -- Buzz Inc (OTC:BZTG) a diversified group companies ranging from technology, mining, financial services and real estate, announces the declaration of a dividend of $.009c per share from the proceeds of mineral sales payable on August 31, 2009 to holders of record on June 30, 2009. The dividend will be paid to shareholders of BZTG or Buzz Inc depending on the speed at which markets allow for the Hong Kong listing of the company.
The Board believes that the shareholders should receive a cash benefit from the performance of the mining division in 2009. The Company's financial condition is excellent, with continued growth without debt or dilution. In determining the amount of the dividend, the Board considered the pressing need to maintain a strong balance sheet to support plans to enter new property markets and other anticipated growth opportunities. The Board presently plans to review at the end of each fiscal quarter the financial performance and capital needed to support future growth to determine the amount of cash dividend, if any, that is appropriate.
In one breath there is a $0.009 dividend payable to those who own as of June 30, 2009. Great!!! But, said dividend all depends and this is the KEY FACTOR, listing, an unknown no guarantee timeline…
depending on the speed at which markets allow for the Hong Kong listing of the company.
The Hong Kong listing? How long and how many future excuses will that take? So officially there is no dividend until the listing. Again an unknown no guarantee factor.
Also what do they mean by?…
The dividend will be paid to shareholders of BZTG or Buzz Inc
What’s that all about?
Lets move on. They now say…
The Board believes that the shareholders should receive a cash benefit from the performance of the mining division in 2009.
Key word, “SHOULD”. Again another unknown no guarantee having to wait statement.
Next they say…
In determining the amount of the dividend.
Okay, might be more or it might be less. Another unknown no guarantee.
And one last part…
review at the end of each fiscal quarter the financial performance and capital needed to support future growth to determine the amount of cash dividend, if any.
IF ANY?????? Well that sums it all up.
Gee does this fall under not having to be factual because of "Forward looking statements" or "Being on the Pinksheets"?
AI
