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.
Posted by ref21 on :
Interesting... Shares are restricted though... doing more homework on this one.
Posted by metal1 on :
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.
Posted by eddy on :
JMCP-now just 5 mm's on the .0001 ask-radar--eom
Posted by boneyardjeep on :
a lot of volume today. something happening!!! would be nice to see a change in the right direction.
Posted by loadedgun on :