Spokes,,,
We’ve been talking about this on another board. I think the answer is simple. We just need to look back to the Jan. 2003 PR that discussed the Cross-Dividend policy. It explains perfectly what was disclosed for the UCAD dividend, and now the CIM divy as well. I’ve posted on this board before about cross dividends and I’m still a believer.
Here’s the math,,,, I copied it from proboards32,, thanks Paltalknews:
For UCAD, we received 7.5 million shares. If CMKX distributes 8%, then the number of shares given out totals 600,000
7,500,000 x .08 = 600,000
Now, if we use the OTCBB ratio of .0000155 to back into the float (or OS- depends if UC gets dividends).
600,000 / .0000155 = 38,709,677,419 (about 39 billion)
So if we apply the same logic to the CIM dividend:
40,000,000,000 x .08 = 3,200,000,000
3,200,000,000 / .028 = 114,285,714,286
The difference between the CIM distribution and the UCAD distribution totals 75,576,036,866
This happens to coincide with the 75 billion that is being given to Nevada Minerals. Timing seems appropriate as well. Based on this, it would seem that Nevada Minerals will not receive the UCAD dividend but will receive the CIM dividend.
What more needs to be discussed??? Well, the A/S increase to 800B is perplexing, but I think we will see a reason for this in time.
Indy
AI
