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Message: Divs, BB or nada?

Divs, BB or nada?

posted on Dec 11, 2009 11:44AM

At the SHM, the question was raised to this effect, "as we accumulate cash from settlements, will the BOD consider divs or share BB?"

The answer via RP: "we are keeping all options open."

In as much as I would like to receive some "free shares" since my set-up is that divs are to be automatically reinvested in shares vs getting a cash deposit, I am concerned about the dilution effect this will have.

A share BB to me is a better message to the market, but a penny stock doing this...I don't think it's a great idea at this point in time. A BB would use up needed cash, and today, even 10 mln shares would chew up about 1.6 mln...1/2 of the bank acct, and I doubt there would be much effect with some 288 mln out.

IMO, it is too soon for EDIG to do either.

On the NADA part, I prefer they build up the bank acct and make moves forward to better the company. If the day comes that they can meet the requirements to be listed on the Naz, I'll take my freebees then.

What good did giving divs by the "P" company have?

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