Posted On: 11/02/2013 3:37:26 PM
Post# of 730
Re: miketrav69 #434
It's not illegal to create a company and list it on an exchange. (Delaware corp)
It's not illegal for BBDA to offer a share dividend to its shareholders of its own shares or any other company's shares if the other company agrees for consideration.
It's not illegal for BW to cancel the shares of BBDA as long as fair consideration is given to its shareholders.
So Delaware Corp gets consideration in the form of assets and business of BBDA.
BBDA shareholders get dividend shares of Delaware Corp and BBDA shareware canceled. Everybody gets consideration, except shorts who must cover before the ex-divvy date of the dividend. Shame, huh?
It's not illegal for BBDA to offer a share dividend to its shareholders of its own shares or any other company's shares if the other company agrees for consideration.
It's not illegal for BW to cancel the shares of BBDA as long as fair consideration is given to its shareholders.
So Delaware Corp gets consideration in the form of assets and business of BBDA.
BBDA shareholders get dividend shares of Delaware Corp and BBDA shareware canceled. Everybody gets consideration, except shorts who must cover before the ex-divvy date of the dividend. Shame, huh?
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