Replies to post #1027 on Fansfrenzy Corporation (FFZY)

[EarnestDD]

Howard ... in many jurisdictions a company can not pay cash dividends until such time as it has Retained Earnings.
In order to get Retained Earnings, a company must have profits.

The reason for this is that shareholders share last in a dissolution of assets.
To allow a dividend of available cash without Retained earnings may result in preferred shareholders and creditors (secured and unsecured) not being paid.

Basic corporate finance.

[EarnestDD]

Is the dividend goint to be payable on February 31st of every year??
LOL

[grapeman]

Howard,, you have to joking! Pink Sheet in sub penny land with no earnings, and no history of earnings decides to pay $$ out as dividends instead of using it to develop what assets they do have.... You ahve to be kidding or a shil for pumping this listing.