IGEX is not giving a dividend. They are purchasing SRSRs asset for 95% of their OS. Then SRSR who now holds the shares will give a dividend to its shareholders.
Actually very simple to understand.
But first IGEX needs to get a RS completed and wait for the shares to be available to the market...which is at 4 months wait so far.
After they get the RS they will need to file an S1 with the SEC. that will take a minimum of 30 days and as much as a year if the SEC doesn't like what it sees.
Then SRSR can issue a divi to its shareholders.
Like I said it's very simple Should have been completely done 2 months ago. But none of it can be done until a record date is given, which is done when the IGEX RS was applied for.
No record date = no application.
As Dan said it's up to IGEX to do. Maybe Dan should start questioning the IGEX CEO about why there isn't a record date. It wouldn't be the first time the wool has been pulled over his eyes by a scammer.
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