What? The R/S needs to happen first. Least amount of shares the higher the potential value, otherwise the OS will be too heavy. Remember, this R/S doesn't affect us. We don't own shares of EVSI until after the r/s. We need to set up the share structure first and then the merger takes place. If we were to get the dividend without the R/S then yes, the share price would be somewhere where we sit now. No one is interested in getting a dividend only to have a r/s take place. Are you kidding? LOL!
Homeland Integrated Security Systems shareholders of record as of June 29, 2006, will receive 1 new share of the NASDAQ Bulletin Board Company for every 50 shares of HISC they own as of the record date. Homeland Integrated Security Systems shareholders will maintain their stock ownership of HISC and will receive a dividend in the NASDAQ Bulletin Board Company. The previous record date had been scheduled for May 30, 2006, but has been rescheduled because of the NASDAQ Bulletin Board Company's plan to complete the acquisition of ActSoft and finalize deals with other potential acquisition candidates. The dividend will give Homeland Integrated Security Systems shareholders ownership in the new Bulletin Board Company which the Company expects to be trading at least $0.50 per share.