Hey, you can apologize anytime for this post of yours (below). No need to be embarrassed about not understanding the difference between a cash dividend and a stock dividend. Amatuers make mistakes like that all the time.
by: allinthegame99 (45/M/The Commonwealth of VA) 07/27/04 09:58 pm Msg: 43399 of 43467
LOL. Hey, just a heads up. This dude knows everything there is to know about stops, but apparantly, zippy about dividends.
As an example to you and others, so you can understand better, here is a another stock dividend situation, just like what MAGS did but in different percentages:
Press Release Source: Vaso Active Pharmaceuticals, Inc.
Vaso Active Pharmaceuticals Declares 3 for 1 Stock Split Friday February 20, 7:45 am ET
DANVERS, MA--(MARKET WIRE)--Feb 20, 2004 -- Vaso Active Pharmaceuticals, Inc. (Vaso Active) (NasdaqSC:VAPH - News) of Danvers, Massachusetts, announced today that the Board of Directors has declared a 3 for 1 stock split effective in the form of a 200 percent stock dividend payable on or about March 5, 2004 to holders of record of both Class A and Class B common stock as of February 23, 2004. Under the terms of this stock split, holders of the Company's Class A and Class B common stock will receive a dividend of two shares of Class A and Class B common stock for every one share of Class A and Class B common stock held on that record date. The dividend will be paid in authorized but unissued shares of Class A and Class B common stock of the Company. ADVERTISEMENT
The Company anticipates that the combined amount of issued and outstanding shares of both the Class A and Class B common stock after the split will be increased from 3,428,000 shares to 10,284,000 shares