InvestorsHub Logo
Followers 4
Posts 463
Boards Moderated 0
Alias Born 06/08/2009

Re: None

Monday, 06/08/2009 10:18:30 AM

Monday, June 08, 2009 10:18:30 AM

Post# of 56273
I believe (as the Company announced), a stock dividend paid (the record date being the staed June 10, 2009 date). NOT A SPLIT, forward or reverse! Iapplying the T+3 criteria, to receive the dividend, it was necessary to have bought the stock on or before last Friday, June 5. (Trade date + 3 business days = June 10,2009).
As a separtate matter, the Company announced having assets in excess of $12,000,000. That amount divided by 4.1 billion outstanding shares yields an "apparent book value" (loosely construed) to be roughy $0.00293 per share. As I post this, the EBOF trades occurring at $0.0003 are only 10% of that $0.00293 figure.