InvestorsHub Logo
Followers 24
Posts 1575
Boards Moderated 0
Alias Born 02/06/2006

Re: fade post# 110755

Thursday, 07/08/2010 1:24:45 PM

Thursday, July 08, 2010 1:24:45 PM

Post# of 115222
The Company has given an honest explanation as to why there has been a delay. Astute investors knew the .008 dividend was either a typo or a simple miscalculation. The amount to be distributed was always 10% of 2009 net income, or $290,000. Divide that by shares outstanding (a number less than 400M) and you get .0008, not .008.

The dividend will be in your accounts by August 10, rest assured, and there is more news to come, so hold onto your shares.