SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ALDM - Anyone know anything about this company?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JOEY who wrote (137)6/17/1998 9:43:00 PM
From: P.E. Allen  Read Replies (1) of 381
 
Here is how I see this dividend and new stock situation:

We with Alpha Diamond shares, will be given one share of the A/RES =common B shares for the old A/Diamond shares.

We shareholders of record, will receive one share of the class A preferred for each share of the old A/Diamond shares. These shares will receive a cash dividend of 3% of the net revenue on an annual basis, (only when there are earnings and it is not cumulative).

Now the class A common will be more than likely sold to raise working capital as well as the class B preferred (which has a 5% cash dividend attached to these shares).

So in effect, we have a stock dividend (instant profits as soon as they start trading) and those shares can provide us with a quarterly income stream in the form of a cash dividend.

As you know, this will have some dilution in the share value of the common.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News