Replies to post #57467 on KAT Exploration Inc (KATX)

[daggfish]

no problem we get that alot over here... lol

[daggfish]

here is an example of a pr stating divy issue
xxxx (PINKSHEETS: xxxx) is pleased to announce the board has approved a Non-Transferable, Restricted stock dividend.
xxxx Board Declares Dividend

xxx shareholders of record on July 6th, 2010 will receive 1 (One) Restricted Non-Transferable Common share for every 4 (Four) shares held.

The Dividend will be paid on September 9th, 2010. Shareholders of Record who hold their shares in certificate form will receive their shares by mail. Shareholders who hold their shares in a brokerage account will receive their shares automatically through their broker.

Non-Transferable Shares

The Non-Transferable Restricted shares will have normal voting rights and, despite being Non-Transferable, the shares will entitle the holder to potential future stock and cash dividends, spin-offs, and distributions of consideration in the event of a buy-out or Merger that cause the cancellation back to treasury. However in no circumstances can the shares be sold, transferred, pledged or hypothecated.