From the filings... If the Company fails to have $300,000 of pre-tax earnings for the twelve months ended June 30, 1997, exclusive of extraordinary and non-recurring items and, upon such failure, the Common Stock does not trade for at least $2.50 for ten days between June 30, 1997, and August 15, 1997, then the Company will declare a dividend on each share of Series A Preferred Stock of one-tenth share of Series A Preferred Stock and five Series A Warrants. The Company will declare a similar dividend on the Series A Preferred Stock unless the Common Stock trades above $2.50 per share for 20 consecutive days after August 14, 1997, but before August 15, 1998, and the Company fails to have pre-tax earnings of $450,000, exclusive of extraordinary and non-recurring items
Yep there is a 10% dividend in shares plus 5 warrants for every P you hold which is only 4 weeks away.
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