MonArc Corporation (MONA) to Issue 20c Cash Dividend
Tuesday , October 07, 2008 16:00ET
BEIJING, Oct. 7 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) after the market closed today, announced that it will be distributing a 20 cent (twenty cent) per share dividend to shareholders who have continuously held company stock since September 30, 2005.
The Company has allocated up to $250,000 to fund these dividends, which are expected to be issued before the end of the fourth quarter this year.
Corporate Secretary Garr Winters advised, "We have consistently maintained that we want long-term shareholders to be rewarded for their loyalty. This is in no small way a concrete demonstration of this commitment. We feel that the stock is trading well below its potential, and this is one manner for us to address the issue. We are also advised that this dividend payout may temporarily rein in the current short position we feel exists. Moving forward on a long term basis and with our 15c211 documents virtually days away from being filed (which to those unfamiliar with this process will bring us into compliance of being a solicited issuer), may put a damper on these future activities.
"We are working with the transfer agent to work out the specific details of the dividend such as the 'date of record' and the 'ex-dividend date' or 'ex-date.' We will be announcing further details shortly."
This is 1 of 5 dividends the issuer intends to pay to its shareholders, in stock and or cash on or before December 31, 2008.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
quote:Originally posted by IMAKEMONEY: Average Joe WHY HAVE YOU NOT SOLD THIS POS? ITS GONNA GO RIGHT BACK DOWN,JMO LEARN TO TAKE THERE MONEY!
I have !! and bought .... and sold .... and bought .... and sold .... it has been running up on news as different PR firms have been going with it. Made some nice green daytrading " this POS ". Never said it should be in anyone's retirement portfolio or their kid's college fund.
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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I just recieved the email myself. How can they pay a .20 dividend? IT"S only trading at .0037!!
wth
just reread you have had to hold since 05. Damn
OBVIOUSLY not many people have owned the stock CONTINUOUSLY since 2005 !! There's ALWAYS a catch when it seems too good to be true. BUT, maybe it will run a little this morning .... jmho
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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posted
Joe I was going to stay away from the board a while. You seem to play these pennies quite well. What will you be doing today? Did you see the new PGOG from Beacon. It seems too new
Posts: 208 | Registered: Sep 2008
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posted
I have some free shares of MONA and will be tracking its movement. As far as PGOG goes .... a $1 stock trading an average of 43,000 shares a day, in this market climate, not my cup of tea. I do like Beacon's research though and track his stocks weekly.
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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MonArc Corporation (MONA) Sino Medica (3EM) Dividend
Wednesday, October 08, 2008 07:45ET
BEIJING, Oct. 8 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) is pleased to announce that it will be distributing a stock dividend in recently spun-off Sino Medica www.sinomedica.com to shareholders who have continuously held company stock since February 1, 2008.
Sino Medica is an operating subsidiary spin off to the Emerald Capital Group Corp., a Nevada company recently acquired by Mr. Xiaohua Gong a Chinese national. Sino Medica trades on the Frankfurt Exchange (ticker symbol 3EM). MONA is scheduled to receive about $6 million dollars worth of stock in 3EM.
Corporate Secretary Garr Winters commented, "Just to recap this stock will be distributed to qualified shareholders, and is in addition to the 20 cent per share cash dividend announced October 7, 2008, and in addition to approximately 0.006 cent a share. I think are shareholders will be very pleasantly surprised when they receive their LandStar dividends. That stock has risen based on the recent news to date, and is currently well above the price range used to value the deal. We are bound and determined to deliver value to our shareholders. Both Sino Medica and Hubei Chuguan are very serious multi-million dollar companies. We are not talking about development stage companies who have a good business plan but have yet to achieve proof of concept. These guys are generating significant revenue, and have assets that are in the millions of dollars.
I, for one, am really excited about LandStar and their Chuguan operating subsidiary. They are plugged into the Chinese petro-chemical industry with products and services that have been developed in-house, generating new patents, and are a Chinese company that delivers something all players in the industry consider part of standard operating procedures. I'm pleased to serve on the board of that corporation."
MonArc still has plans to issue 1 or possibly 2 additional stock dividends in the fourth quarter as it spins off its remaining operating subsidiaries for which deals are in process. The issuer intends to have the Transfer Agent release the dividends in the street's name with the restrictive legend removed in accordance with the SEC guidelines of the same.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
posted
MonArc Corporation (MONA) Announces Peru Mining Merger Wednesday October 15, 7:30 am ET
BEIJING, Oct. 15 /PRNewswire-FirstCall/ - www.monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the company is currently negotiating the acquisition and or a merger of a Peru-based mining company. The Company in question has two properties under development. The first is a gold resource, while the second is a promising copper exploration property. Both are located in key areas of interest in the foothills of the Andes mountains.
MonArc has entered into the due diligence stage of negotiations, and will be providing more detail on the properties shortly, after management review is completed.
Peru is an increasingly important natural resources market, with a number of major mining corporations having made large investments in bringing gold mines into production, perfectly timed with the rise of gold commodity prices, and continued strength of gold, given the recent economic turmoil.
Company spokesperson Mary Yang commented, "Our initial review of the data and presentations made by the mining company merit serious attention. If the data proves out, this could be the next major undertaking for MonArc, and an excellent way to add value to our shareholders. As investors following our stock have seen, we have delivered a number of stock and cash dividends to MonArc shareholders when we divest companies within our portfolio."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2168 | From: Pennsylvania, USA | Registered: Mar 2004
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-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2168 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
more news today, still having issues between .002 and .003 though. dividend likely to come on this new deal. they've paid out previous ones, so that's good sign they will on this one. hope we see the same restricted mistake that ran GLCC from .003 to .12 after divy payout
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2168 | From: Pennsylvania, USA | Registered: Mar 2004
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MonArc Corporation (MONA) Completes Peru Visit Andrea SA Gold Mine
Friday , November 21, 2008 19:50ET
BEIJING, Nov. 21 /PRNewswire-FirstCall/ - Mon Arc Corporation www.monacorporation.com PINKSHEETS: MONA.PK management representatives have completed their on-site inspection of the Andrea Gold mine operation in Peru.
While the MonArc team is still traveling they have been able to provide a top line summary of the results of their field work. The have had the opportunity to view the current operations of the mine, led by a geologist familiar with this particular gold play.
In addition, they were fully briefed on the status of the assays to date, and the progress being made to complete its form 43-101 filing, which will provide an analysis of the proven and probable reserves of the mine based on industry standard requirements.
MonArc CEO, Mr. Yong Chan advises; "Based on these initial reports, all parties are eager to finalize this acquisition. We are currently drawing up the necessary documents to complete the acquisition, and anticipate that the deal can close very shortly." Mr. Alex Diaz President of Andrea SA Mine in Peru (targeted merger company) said "We are pleased to have met the MONA management and their advisors and I'm particularly pleasantly impressed with MONA executive management and its corporate Secretary Mr. Winters. While we were approached by others for the merger and business cooperation Andrea SA and its managers feel that MONA is the best fit for all concerned."
The Company will provide additional updates as information continues to come in from the field, and expects to have the team back next Wednesday, the 26th of November.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet www.pinksheets.com filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: For corporate matters contact: corporate*monacorporation.com
CONTACT: corporate*monacorporation.com
SOURCE MonArc Corporation (MONA)
-------------------- " Cash is King " Posts: 838 | From: NJ | Registered: Mar 2006
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LEARN TO TAKE THERE MONEY!
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