Did you ever end up buying any shares on the cheap? The company just put out a press release announcing they are giving shareholders a 34 cent dividend after selling their patents. I wonder if they are liquidating the company completely or if they plan on doing something with the shell. The last sentence they "currently" do not conduct any substantive business operations.
I have a pretty hefty chunk of shares from 3-4 years ago!
Mango Capital Declares a Thirty-Four Cent Dividend PR NewswirePress Release: Mango Capital, Inc. – 50 minutes ago Companies:
NEW YORK, June 26, 2012 /PRNewswire/ -- Mango Capital, Inc. (Other Over the Counter: MCAP) announced today that its Board of Directors declared a thirty-four cent ($0.34) dividend as the result of the sale of the patents held by MangoSoft Intellectual Property, Inc., a wholly owned subsidiary of Mango Capital, Inc. (See, press release dated May 31, 2012). The record date is July 3rd and the payment date will be on or about July 13th. To save costs and expenses, and maximize the dividend to shareholders, Mango Capital, Inc. also hired Registrar and Transfer Company ("R&T Co.") (http://www.rtco.com) as its new transfer agent. R&T Co. will be administering the dividend process on Mango Capital's behalf. In the event you will be a shareholder on the record date, to ensure timely delivery of your dividend without a tax-withholding being applied, for shares you hold of record (shares registered directly in your name on our stock records with our transfer agent), please ensure R&T Co. has your proper address and completed IRS W-9 Form. Copies of the forms needed are available on Mango's website, www.mangocap.com. For shares held in "street name" by a brokerage firm, there is no need to provide any information to R&T Co.
Following this dividend payment, Mango Capital, Inc. and its subsidiaries do not have material assets, and they currently do not conduct any substantive business operations.
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