-- and people are stupid enough to swallow this --- sad!!!!
The dividend is payable in common stock. Each stockholder's dividend will be calculated based on the number of shares owned on the Record Date by the stockholder. The new shares will be issued following the Record Date. The number of shares will equal one (1) share for each five (5) shares owned by the stockholder on the Record Date, rounded upwards to the next whole share.
What a show. Stock dividend which puts zero dollars in your account. Makes for great headlines on press releases which pumps up the stock. Of course, when everybody figures out they got nothing from the dividend except more paper, the stock will crash back down.