Shares Issued BMSN will issue to all BMSN common and preferred shareholders of record on the Record Date a pro rata distribution of 20,000,000 common shares of Regen Biopharma, Inc. owned by BMSN.
Distribution Date 7 days after the Record Date.
Certain U.S. Federal Income Tax Consequences of the Spin-Off The spin-off is taxable to the recipient, as with any dividend.
Secondary Market There is currently no existing public market for the common shares of the Company
Dividend Policy The Company does not anticipate payment of dividends to shareholders in the foreseeable future.
Appraisal Rights Holders of BMSN common and preferred shares have no dissenters’ rights of appraisal in connection with this distribution of the Company’s common shares.
Relationship between BMSN and the Company subsequent to the Distribution. BMSN will own approximately 58% of the outstanding shares of the Company following the distribution. The sole officer and director of BMSN, David Koos will also be Chairman, CEO, President and the sole executive officer of the Company following the distribution.
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.
My Broker Called me and tried to be "Slick," so make sure you read my above Stickie! http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99199784 Dividend Pay~Date is TUES the 25th!! ...& the Ex-Dividend Date is WEDS the 26th,, no matter what else you hear! I Just Called the T/A and Just Confirmed that THEY pay out the Dividend Shares on the Dividend~PAY~DATE Shares on the 25th!!!!!!!!!!!!!!!!!! ..& the SEC Staes the Ex-Dividend Date is the Day after That!!!
We Got them Right where we Want Them!! = MM Shorts NEED to COVER!!!
___________ As always,, the above Post is "Just My Opinion!"