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Sunday, November 07, 2010 12:36:40 PM
should this cash dividend fall below $0.10 per share, the company reserves the right to convert this payment to a 1 for 10 (10%), stock dividend ensuring shareholder value and return.
From what I remember the pps on oct 14th fell below .10 per share, soon as this happened, the Dividend cancelation PR was released. (EIGH reserves the right, so they acted on this) Also EIGH did not mention a stock dividend date, only a cash dividend payment date. They must follow through with this. As the new topic of the day is among other things. I don't think this is over yet.
Press Release Source: 8000inc On Thursday September 16, 2010, 9:15 am EDT
MANASSAS, VA, Sept. 16 /PRNewswire-FirstCall/ - In recognition of the company's over target performance, 8000inc today announced that its board of Directors approved 30% of company retained profits will be allocated for a shareholder cash dividend on the company's common shares for all shareholders of record as of 30th September 2010. Due to the significant reported shareholder equity, should this cash dividend fall below $0.10 per share, the company reserves the right to convert this payment to a 1 for 10 (10%), stock dividend ensuring shareholder value and return. The dividend will be payable on October 15th, 2010 to all shareholders of record as of 30th September 2010.
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