Vision Works Media Group, Inc. Announces 15% Stock Dividend Business Wire - May 02, 2006 09:00
OCALA, Fla., May 02, 2006 (BUSINESS WIRE) -- Vision Works Media Group, Inc. (Pink Sheets: VWKM) and wholly owned subsidiary New Screen TV, Inc., the new independent film-dedicated TV channel, have announced a 15 percent stock dividend to shareholders of record on June 1, 2006.
Shareholders of record on June 1, 2006 will be issued 1.5 million shares of VWKM stock for each 10 Million shares that are owned on June 1, 2006. Company policy is no reverse stock splits. This action is being done to reward shareholders for their loyal following of the company. New Screen TV's focus is on signing affiliates to the company's Television basic cable service and Video On Demand. New Screen TV has contracts to be available in Texas, Florida, Montana, Minnesota, Iowa and Arizona. Distribution of New Screen TV is via the SES-Americom AMC-10 satellite.
New Screen TV is the first truly independent film channel that programs independent movies, documentaries, specials, series, concerts, music videos and productions.
his press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
So what does this mean if we own less than 10 million shares? Will they be prorated or do we not get the share dividend?
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money.
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posted
What is so hard to understand about a 15 percent divy? Yeah, you have to have 10 million shares because it is impossible to calculate 15 percent of anything below that . . .
quote:Originally posted by holdensteele: What is so hard to understand about a 15 percent divy? Yeah, you have to have 10 million shares because it is impossible to calculate 15 percent of anything below that . . .
I own 2,490,000 shares. I can calculate 15% in my head... 373,500
But I guess they did state "FOR EACH 10 MILLION SHARES OWNED"
I didnt catch the wording when I originally read it.
-------------------- Current penny stocks owned: PLNI, VWKM, AMHD. And yet none of them are moving anywhere....
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posted
This thing shood take off like RSHN. I expekt to see .01 in a weke or so uhnlest the MMs hold it down becase them do that stuffs. We all be riches soons. JIMHO.
posted
Guys I have thought about it some more and read the PR again. I was wrong. I do think everyone needs to own at least 10 million shares to get the divy. So . . . if you don't have 10 million shares, you should buy some more quickly. Very quickly, because this thing couls end up near 15 to 30 cents by close today. I'm just really trying to help every one out. lol
posted
yeah this company seems to be making a profit etc... so I think it is definately a long term hold. I would be happy just seeing it go to a penny...hehe.
quote:Originally posted by holdensteele: What is so hard to understand about a 15 percent divy? Yeah, you have to have 10 million shares because it is impossible to calculate 15 percent of anything below that . . .
Great, I only have 6 million shares and no available funds!
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quote:Originally posted by holdensteele: This thing shood take off like RSHN. I expekt to see .01 in a weke or so uhnlest the MMs hold it down becase them do that stuffs. We all be riches soons. JIMHO.
It will take much more time for the MMs to get more cheap shares, maybe after the summer is over.
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quote:Originally posted by holdensteele: What is so hard to understand about a 15 percent divy? Yeah, you have to have 10 million shares because it is impossible to calculate 15 percent of anything below that . . .
Great, I only have 6 million shares and no available funds!
Hi, Vicki. 6 million is a great ticket for a dream to the promised land. See you there.
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posted
No Bid X .0001. Maybe this is the only way he can stop himself from issuing shares. More likely that he'll issue the rest of the 30B A/S by June and then need to raise the A/S again, so the dividend willgive him a reason.
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posted
If the divy is true then all the PRs about new clients signing on board are valid as well...can't really pay a divy to stockholdes without revenues to back them up, so this is quite encouraging for investors. I currently hold 10 million shares in VWKM.
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