PSPJ came out with a 1:10 stock dividend for holdersPSPP Holdings, Inc. Announces Stock Dividend to Shareholders of Record as of September 28, 2007 Sep 13, 2007 9:00:00 AM LAS VEGAS, NV -- (MARKET WIRE) -- 09/13/07 -- PSPP Holdings, Inc. (OTCBB: PSPJ) announced today that its Board of Directors has declared a 1-for-10 stock dividend to shareholders of record as of September 28, 2007. Holders of ten or more shares of PSPP's common stock as of the end of regular trading hours on September 28, 2007 -- changed from September 19, as originally announced -- will receive one additional share of common stock for each ten shares then held. The stock dividend will be distributed on October 12, 2007.
Larry Wilcox, Chairman of PSPP, stated that, "This stock dividend is part of our ongoing efforts to continually improve trading liquidity, broaden ownership and enhance shareholder value.''
Persons who have acquired PSPP common stock on the OTC Bulletin Board on or before the end of regular trading hours on September 28, 2007 will be entitled to the stock dividend. In order to receive the stock dividend the shareholders who hold their shares in certificated form must deliver their stock certificates to PSPP's transfer agent for exchange by October 1, 2007, and those shareholders whose shares are held at the Depository Trust Company will receive the dividend stock electronically into their brokerage accounts upon submission of a dividend claim form, which can be downloaded from PSPP's web site or requested in hard copy from PSPP. of 9/28 also look at last 3 month chart around the 11th of the month the stock tanks then bounces big:
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