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Replies to #729 on insane dividends
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wzebra33

01/12/12 10:27 PM

#730 RE: wzebra33 #729

PTNT ?
The board of Rancho Cordova's Internet Patents Corp., formerly InsWeb Corp., has declared a special cash distribution of $5 per share on the company's common stock, for a total distribution payment of about $33 million based on the current shares outstanding.
The distribution will be payable to share- holders of record as of Feb. 10 and be paid on March 9.
As of Jan. 4, the company had more than 6.6 million shares of its common stock outstanding and more than 1.4 million in outstanding and exercisable options.

Read more here: http://www.sacbee.com/2012/01/12/4181368/internet-patents-corp-to-pay-5.html#storylink=cpy
And-
http://seekingalpha.com/article/319349-internet-patents-special-dividend-should-unlock-value