Only as an afterthought. And even then, there's nothing to say USEI shareholders will ever see any gains from those preferred shares. Because they may not exist in the future, just as USEI may not exist in the future.
Also, you weren't around back in 2013 when Miller issued a 20% restricted stock dividend. Those shares were worthless because Cook wouldn't release the restriction in order for anyone to cash in. Read Miller's statement in the pr below. Lies. All of it.
SANTA CLARITA, CA(eTeligis.com)
U.S. ENERGY INITIATIVES CORPORATION, INC. (OTCPink: USEI) is pleased to announce today that the Directors of U.S. Energy Initiatives have approved a stock 20% dividend for shareholders of record on the company's record dated. The dividend will be added to the shareholders' existing shares on the pay date which is projected to be December 2, 2013.
All shareholders of record owning USEI common shares on the Record Date of November 15, 2013 shall receive a 20% dividend which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on November 15, 2013, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.
According to Anthony Miller, CEO, "We have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phase. Many of our shareholders have held this stock in excess of 5 years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. Since coming onboard, in the last 2 years, our Management team has been diligently working to transform this firm's mission and provide direction that we feel will grow us over time. Everything has not gone perfect, but we have made great progress; and we feel our vision and business model will produce sustainable growth. In the coming days and weeks there will be other news related to this transaction to clarify our actions and our vision," commented Miller .