The press release raises a few basic questions. Perhaps someone can answer them.
1. Will shareholders have to surrender their shares to convert to Buzz Inc stock? 2. Will BZTG cease to trade on Aug 31 when the conversion is complete? 3. How will the conversion of street named shares be handled since it is a conversion of free trading to unregistered shares? Will the brokerage firm handle it or do shareholders have to do something? 4. Shareholders, not shares are the beneficiary of dividends. What precisely does Shayne mean when he says the dividend will "remain attached to the stock"?
Clarification is necessary here as this could simply be poor wording or perhaps a trick to try to force shareholders to continue to hold BZTG shares after the ex-dividend date.
this sounds familiar. first, they are changing directions again and giving the website a face lift. last time i think they let the body sag rather than lifting the face. doubt it will be any different this time around. it is also interesting that it is 300 odd million shares. That is not an exact number. does that mean there could be millions more than 300? and what do they mean that investors have to submit for the stock changeover? this should be done automatically. investors should not have to do anything. sounds like another example of ways to confuse investors. jmo
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