ACDU 3 pending divy's
From ogclip:INFO for Newbies to ACDU regarding pending divy's
ACDU is a diversified holding corporation that owns various businesses, parts thereof, or joint ventures which it will assist grow with the intention of releasing the majority to the Company's shareholders upon sufficient development.
A/S - 450M reduced from 999M
O/S - 436,399,500 ( NO CHANGE in 14+ years)
Float - 329,086,200
ACDU - The company stated that they plan to be fully reporting, and they filed their first report Thursday of last week. OTCBB uplisting comes shortly after the Audited Financials.
They stated following the Audit they would begin issuing dividends. Currently there are 3 dividends in the works.
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1st Dividend is a 1:1 --------
Accredited Suppliers Corp dividend----->
By beginning operations before the end of the year, ASC can file a registration statement with the Securities and Exchange Commission in early January so that it may divest itself of the company by spinning it off, 1:1, to avoid commingling operations with IOVE's (ACDU) core businesses
2nd Dividend is a 250: 1
Accredited Consolidators Europe, PLC divi----->
Once this occurs, IOVE (ACDU) will release 1,745,598 of its shares to IOVE's common shareholders through a dividend. For every 250 shares of IOVE, the shareholder will receive 1 share of ACE PLC. IOVE's treasury will continue to hold the remaining 2,254,402 shares.
3rd Dividend is 1 for 1 :
Richwood Eco Ventures Inc----->
The Company's plan to divest Richwood Eco Ventures Inc. during the second quarter of 2010. "ACDU's plan is to separate REVI from its core operations, and the expansion will not alter the plans to issue a 1 for 1 stock dividend. In fact, the separate is crucial for expansion," Perez advised.
Accredited Business Consolidators Corp. (ACDU) Stock Trading Info:
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