Under the plan currently being considered by management, and pending SEC approval, current shareholders of National Boston Medical would receive property dividends
in the form of stock in each of the new companies: Bontempi Instruments Plus, Inc.
Retained earnings are the sum total of a corporation's accumulated net income (or loss), gains and losses and prior period adjustments, reduced by its cash dividends, property dividends, stock dividends and other amounts transferred to the contributed capital accounts.
For cash and property dividends, the accounting entry is a debit to retained earnings and a credit to dividends payable.
89 per share, which was the dollar volume weighted average price for the Company's common stock, as traded on the NASDAQ Global Market, for the 20 trading days prior to the signing of the note and warrant purchase agreement, subject to anti-dilution adjustments in the event of stock splits, stock, cash or property dividends, recapitalizations, reorganizations, mergers and similar circumstances.
These warrants would be subject to anti-dilution adjustments in the event of stock splits, stock, cash or property dividends, recapitalizations, reorganizations, mergers and similar circumstances and will have a five year term.
will continuously be rewarded with these types of property dividends
as the company continues to innovate in this highly dynamic VoIP marketplace.
We will also articulate the NewMarket plan to issue $14 million in property dividends over the next 3 years.
9, NewMarket's plan to issue property dividends annually to shareholders was explained.
We are even more excited about outlining our plan to issue property dividends
in the form of publicly listed equity in NewMarket subsidiaries and affiliates.
The Company is going through a reorganization whereby MERL Holdings will spin off MERL School Stores as property dividends
These dividends consist of cash dividends and property dividends which include distributions of Freeport-McMoRan Copper & Gold Inc.
The cash and property dividend distributions that are not taxable as dividend income must be applied to reduce tax basis of the shares on which the dividends are paid.