BXPH: Should be on everyone's radar!! News announcing a dividend in BMSN came out Thursday April 26 and in two days of trading it has almost doubled closing at .11 Friday. The dividend payout is 1 share of BMSN for every three shares owned in BXPH. BMSN, a stem cell stock and in a hot sector, is trading at .53 BXPH should be trading in the .20's. Watch out next week as this sleeper should continue it's run!!
BMXP Holdings, Inc. Declares Dividend of 11,212,384 Common Shares of Bio-Matrix Scientific Group, Inc. Thursday April 26, 9:00 am ET
SAN DIEGO--(BUSINESS WIRE)--BMXP Holdings, Inc. (Pink Sheets:BXPH - News) announced today that its Board of Directors has declared a dividend of 11,212,384 of the 11,462,570 shares of the common stock of Bio-Matrix Scientific Group, Inc. ("BMSN Shares") that it previously acquired. ADVERTISEMENT
The dividend of the BMSN Shares is to be paid to the Company's shareholders of record on May 23, 2007, which is the Record Date for the dividend. The BMSN Shares are to be distributed so that for every 3 shares of the Company's common stock held as of the Record Date, the Company is to distribute 1 BMSN Share (with any fractional amounts rounded up to the nearest whole BMSN Share amount). The distribution of the BMSN Shares is subject to compliance with state and federal securities laws. The Company has completed discussions with Bio-Matrix Scientific Group, Inc. for the filing of a registration statement with the U.S. Securities and Exchange Commission for the registration of the BMSN Shares in connection with the dividend. As a result, the date for the payment of the dividend is anticipated to be later in 2007.
In declaring the dividend and in anticipation of the dividend distribution, the Company's Board of Directors transferred all of the BMSN Shares to the BMXP Holdings, Inc. Shareholders Business Trust. The transfer of the BMSN Shares to the Trust was undertaken to facilitate planning for the dividend.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, THE DIVIDEND OF THE BMSN SHARES, GOALS AND THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, AND TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO ACHIEVE ITS OBJECTIVES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.