posted
James Monroe Capital Corporation (OTCPK:JMCP)is spinning of to Originally New York, Inc. ("ONYI") 1 share of ONYI for every 2000 shares of JMCP, or for every $100 worth of JMCP a shareholder would get roughly $350 worth of ONYI
ONYI is trading at 0.55 JMCP is trading at 0.0001
10000000 in JMCP is 5000 of ONYI 10000000 of JMCP cost $1000.00 5000 of ONYI is worth $2750.00 JMCP said they would take care of it's shareholders, they wasn't kidding.
Posts: 34 | From: NH | Registered: Jan 2006
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posted
Interesting... Shares are restricted though... doing more homework on this one.
Posts: 27 | From: Philadelphia | Registered: Feb 2004
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that seems to be the new trick with these pinks. issue divs in restricted stock. there are quite a few out there right now. possible you may never be able to sell the shares. might even reverse split till they are gone, lol.
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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posted
a lot of volume today. something happening!!! would be nice to see a change in the right direction.
-------------------- I wish aliens would come down from space & make me thier pet I would like a bed with my name on it Posts: 89 | Registered: Nov 2006
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