Replies to post #2569 on Buscar Company (CGLD)

[Bruce the Stock Guy]

Interesting fun fact! Big surprise LOL.. With over $17 million of losses to date CGLD will never pay a divi IMO..Dividend Policy
 
The Company has not paid dividends on its Common Stock in the past. The Company has decided to distribute at least 16% of its net purse winnings that the Company’s thoroughbreds generate. However, our ability to pay dividends is subject to limitations imposed by Nevada law. Pursuant to Nevada Revised Statute 78.288, dividends may be paid to the extent that a corporation’s assets exceed it liabilities and it is able to pay its debts as they become due in the usual course of business.