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