The stock dividend does not apply to holders of MIT rather it applies to Epic's newly formed Co. Epic Healthcare, LLC, a little clearer in the following article.
Quote:
EPIC Corporation (PINKSHEETS: EPOR) (the "Company") announced an equity investment in Micro Imaging Technology, Inc. ("MIT"), the execution of a master distribution agreement for MIT's products, the formation of EPIC Healthcare, LLC, and a stock dividend in its common stock.
"Our equity investment in MIT is in a convertible promissory note," said Ronald Tucker, CEO of EPIC. "The note, after six months from the issuance date, is convertible into MIT's common stock based on its fair market value as of the time of conversion."
The Company has formed EPIC Healthcare, Ltd., a single member limited liability company, and is to be the Master Distribution company for the MIT products.
"Under the distribution agreement, we are preparing a program to license MIT's hardware and software libraries for detecting over 20 different types of bacterium," said Mr. Tucker. "We believe that within the next year we will sell close to 30 licenses generating approximately $900,000 in one time license fees. In addition, we will receive a monthly maintenance fee, and a fee per test."
The Company's Board of Directors has declared a stock dividend payable in its common stock to shareholders of record as of December 30, 2011. The shareholders will receive 1 new share for each share owned (1:1).
Market Data 
Markets 
AI
