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Re: RJ5 post# 3942

Tuesday, 08/09/2011 2:07:08 AM

Tuesday, August 09, 2011 2:07:08 AM

Post# of 14845
I think RJ5 may be confused about the reverse split and how it affects the Energy Broadband dividend.

If I understand the press release correctly, the reverse split won’t change anything. For every 100,000 shares (now 200 shares) you owned before the split, you’ll be eligible to the receive one unit of Energy Broadband securities consisting of 100 Energy Broadband common shares, one warrant to purchase 100 shares at a fixed price of $4.00 per share and one warrant to purchase an additional 100 shares at a fixed price of $6.00 per share. And, for every purchase of 200 shares between now and September 30th, you’ll also be eligible for the same dividend.

At least I hope that’s right. Another press release from the company would certainly help clear up any confusion.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y