posted
Hello everyone, I am curious about the new press release by HISS about the new dividend with EVSI. I just dont understand the 1 for 50 deal. Does that mean for example, If i were to buy $5000 worth of HISC now at $.017/share i would be buying approximatly 294,100 shares. Does that mean that once this 1 for 50 deal comes through my 294,100 shares would turn into 294,100/50= 5882 shares? because if that is true my $5,000 would go down to $2941 if the new value was $.5 for the matter...I know i am confused but please explain! Thanks in advance!
-------------------- Greed Has Turned me to the Dark Side. Posts: 8 | From: Orangy County | Registered: Aug 2006
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The EVSI shares are to be a dividend. So you will receive the extra shares and nothing changes with your HISC shares. So based on your example: You will retain your 294,100 HISC shares. And have an extra 5882 shares of the EVSI company!
Seems like a great deal to me. How well the PPS of each company will fair out is any bodies guess!
Good Luck to you!
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
Ahh thanks a ton binnocent! I am glad to get back into trading. Personal circumstances prevented me for a while but i am ready to get back into it! I have made a lot of money in the past with HISC and know that i will in the future to come. GLTA!
-------------------- Greed Has Turned me to the Dark Side. Posts: 8 | From: Orangy County | Registered: Aug 2006
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posted
Um, one thing i dont understand is why would they be just handing you free shares of EVSI? i mean in my case i guess that would be 5882 x $.045= $260 Why wouldnt everyone just load up on HISC get handed free money from the EVSI shares?
-------------------- Greed Has Turned me to the Dark Side. Posts: 8 | From: Orangy County | Registered: Aug 2006
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quote:Originally posted by DaMan: Um, one thing i dont understand is why would they be just handing you free shares of EVSI? i mean in my case i guess that would be 5882 x $.045= $260 Why wouldnt everyone just load up on HISC get handed free money from the EVSI shares?
Typically, these dividend shares are restricted, meaning, you will have to hold on to them for a year or more (depending on the arrangement). During this time you have no access to them to buy or sell and they are at the whim of whatever the company decides to do (i.e. R/S, dilute, authorize billions use to fund other project, schange names, etc.) So, it is not always that promising of a deal. For example I currently have shares of TPDI from SSTY dividend issue. They may be worth something next year, but who knows?
-------------------- Trust but verify! Posts: 368 | Registered: Oct 2005
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posted
To the best of my knowledge this will not be the case with the HISC dividend of EVSI. No restrictions mentioned. Please do your DD, but I can not find anything stating restrictions! If I get time today I will call the PR firm to get an answer.....will post later!
Also: HISC management says EVSI shares will begin trading around .50 pps. EVSI will have done a reverse split before the dividend payout to HISC share holders, so it may very well start around .50. But the true value of the new EVSI company will tell in the end what pps it will be able to hold.
-------------------- Growing old is mandatory!......... Growing up is optional! Posts: 527 | From: Pennsylvania | Registered: Apr 2004
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posted
Also if I recall correctly, I think there was a cut off date meaning you will only get the 1 x 5000 if you owned the stock at a such and such date. Sorry, the dates just are not coming to mind.
-------------------- Plan your work for today and every day, then work your plan Posts: 122 | Registered: Aug 2005
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