Replies to post #21364 on Shot Spirits Corporation (fka SSPT)

[milkdud617]

Yes the dividend is assumed to be coming soon, however I really don't see how that's going to move this stock much. I just think that some are buying shares because of the lower prices. FYI... I sold the majority of my shares in this earlier this week. What are you looking for this to go up to? Good luck in all your endeavors.

[Cassandra]

The GRBG dividend promised to SSPT shareholders as of 12/15/2010 might end up being quite different than previously announced by SSPT (1 restricted share of GRBG for every 33 shares of SSPT owned).

GRBG filed a stock split action with the Nevada SOS on 1/12/2011 with an effective date of 1/25/2010. It was very similar to what SSPT filed with the NV SOS before its 1 for 100 reverse split: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58840796

The number of GRBG restricted shares SSPT is holding and available for the announced dividend (resulting from the original GRBG purchase of controlling interest of SSPT) may be reduced by a R/S by GRBG.

As with SSPT, GRBG did not reduce the total authorized shares. GRBG did however divide the A/S into two classes of stock, one class is now authorized for 1.975 billion and the other 250 million. The total A/S for GRBG remains at 2 billion. Presumably GRBG is going to issue a new class of preferred shares.

The pending GRBG stock split could affect the number of restricted GRBG shares that qualifying SSPT shareholders receive on the dividend date of 1/31/2011.

Also, the GRBG dividend shouldn't cause people to buy SSPT stock as it was awarded only to those holding SSPT stock on 12/15/2010.