slojab..pvlee..
slojab_post #17187
{ Two "believes" and a "may not actually be"...Point made.}
Thats very technical..lol
The point was that the entity of 'Buzz Inc', may actually be serving a very important function already regardless of when or where it's origin was..That is as a ie. 'tax shelter' for all "Buzz businesses"..
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pvlee_post #17194
I'll say this about 'BZTG' announced dividend..( You can find out/ask 'Jack' what the truth really is_1 )
To pvlee, weo 1998, lowe6er, MRSMITH1, Grafalloy, AsianGoogleFan, other 'Buzz Inc/BZTG' shareholders..
Based on the below referenced press release, and several other press releases I've seen concerning 'BZTG' announced dividend; I would say a dividend payment or date of payment may still not yet be a specifically declared matter..
That in 'BZTG' press release dated Feb 26, 2009 below; 'BZTG' makes some interesting "declarations"..
'Buzz Technologies Inc (OTC:BZTG): BZTG Dividend'..
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.
Three sentences of specific interest in the above press release declare..
(1) "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"..
(2) "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"..
(3) "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"..
Specifically statements (2) and (3) seem to give 'BZTG' broad discretion/latitude as too when and how much any dividend payment would/will actualy be_( even though a payment date and amount was announced in this referenced 'forward looking' press release..)
Comments also made { below } recently by shareholder 'Capt.Jack' on Buzz 'Live Trading News/Twitter' about the 'Buzz Inc Lanna Project upgrade/photo's' ( dated April 26, 2009 ) indicates a possibility of an extended period before a/any dividend payment can be made to shareholders from 'Buzz' mining profits_ie. specifically based on 'mineral sales'(1) commodity prices as stated below..
{ "The site as the pictures show is back in production, and takes full advantage of the low labor costs that the area offers, in the long term this is a great asset for Buzz Inc even though it is unlikely commodity prices will improve substantially before 2010. Iron Ore and Mn Ore will be at the forefront of price increases at that time as steel demand will recover with the world economies"..}
'Capt.Jack' specific reference that:.
{ "'it is unlikely commodity prices will improve substantially before 2010"..} may indicate a '2010' time frame for payment of a/any such dividend payment..
Hope I'm wrong..
Anyway G/L to all on this issue_1
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Todays 'Quote of the Day'..
"It isn't as important to buy as cheap as possible as it is to buy at the right time"..Jesse L. Livermore
AI
