NICE DIVY NEWS OUT >>> Hi Score Corporation Announ
Post# of 151
Posted On: 10/20/2013 12:11:36 PM
NICE DIVY NEWS OUT >>> Hi Score Corporation Announces Plan to File with FINRA a Restricted Convertible Preferred Stock Dividend
Published on Oct 17, 2013
OTC Disclosure & News Service ACCESSWIRE) 10/17/2013 8:00:00AM - Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its shareholders in street name. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record, or Broker/Dealer bearing a restrictive legend that will have a holding period of one year. Details of the transaction will become available to the shareholders once FINRA has approved the Filing.
William White, the new CEO of Hi Score Corporation states, " There has been significant dilution over the years in Hi Score Corporation, and the reason for that has been the issue of non affiliated debt in the company. We have negotiated settlements for many of our debt holders now, as is our contractual responsibility, but we also want to protect the integrity of people's investments in the open market.
Part of changing the business culture of Hi Score Corporation is acknowledging the fact that our market has not performed to the satisfaction of our stock holders. Issuing restricted convertible preferred securities to those who own stock in the open market makes sense, because the dilution has impacted them the most. The rights and privileges of the restricted convertible preferred securities have already been noted in the company's amended articles of incorporation. The Record Date & Payment Date will be known to our stockholders, once FINRA approves the Filing."
Published on Oct 17, 2013
OTC Disclosure & News Service ACCESSWIRE) 10/17/2013 8:00:00AM - Hi Score Corporation. (OTC PINK: HSCO ) is pleased to announce that it will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its shareholders in street name. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record, or Broker/Dealer bearing a restrictive legend that will have a holding period of one year. Details of the transaction will become available to the shareholders once FINRA has approved the Filing.
William White, the new CEO of Hi Score Corporation states, " There has been significant dilution over the years in Hi Score Corporation, and the reason for that has been the issue of non affiliated debt in the company. We have negotiated settlements for many of our debt holders now, as is our contractual responsibility, but we also want to protect the integrity of people's investments in the open market.
Part of changing the business culture of Hi Score Corporation is acknowledging the fact that our market has not performed to the satisfaction of our stock holders. Issuing restricted convertible preferred securities to those who own stock in the open market makes sense, because the dilution has impacted them the most. The rights and privileges of the restricted convertible preferred securities have already been noted in the company's amended articles of incorporation. The Record Date & Payment Date will be known to our stockholders, once FINRA approves the Filing."
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