$HSCO NEWS >> Hi Score Corporation Announces Plan
Post# of 94264
Posted On: 10/29/2013 9:10:25 AM
$HSCO NEWS >> Hi Score Corporation Announces Plan to Issue its first Cash Dividend of $6,000.00 to Preferred Shareholders at the end of Q2 of 2014, pending FINRA approval
Oct 29, 2013
OTC Disclosure & News Service
Sunrise, FL -
Hi Score Corporation Announces Plan to Issue its first Cash Dividend of $6,000.00 to Preferred Shareholders at the end of Q2 of 2014, pending FINRA approval
Oct 29, 2013
OTC Disclosure & News Service
ACCESSWIRE 10/29/2013
8:00:00AM - Hi Score Corporation. (OTC PINK: HSCO) is pleased to announce, pending FINRA approval, that it will issue its first cash dividend of $6,000.00 at the end of Q2 to be paid to convertible preferred stockholders. The cash dividend requires FINRA approval, as it is a corporate action on behalf of the Company, and it comes on the heels of the impending Stock Dividend, which also requires FINRA approval. More information regarding the exact record and payment date will be known by stockholders, as we complete the necessary documentation with FINRA.
William White, CEO of Hi Score Corporation, states, "The purchase and assignment of non affiliated debt from third parties in other issuers, is well under way, and our professional advisors are currently exploring other opportunities with Issuers in the same condition. We will be converting the previously announced matured, secured debt assignments into equity under Rule 144, and anticipate the cash from those transactions will subsidize our operating capital, retained earnings in Hi Score Corporation, and cash dividends to preferred stockholders, pending FINRA approval. Should there be a delay in these actions due to meeting regulatory requirements we will inform the stockholders, but the notion of issuing a cash dividend to shareholders, already underwater in this security, certainly represents an attractive opportunity. Many more details will follow regarding the Record Date and Payment Date of these Cash Dividends, once we file the appropriate paperwork with FINRA."
Oct 29, 2013
OTC Disclosure & News Service
Sunrise, FL -
Hi Score Corporation Announces Plan to Issue its first Cash Dividend of $6,000.00 to Preferred Shareholders at the end of Q2 of 2014, pending FINRA approval
Oct 29, 2013
OTC Disclosure & News Service
ACCESSWIRE 10/29/2013
8:00:00AM - Hi Score Corporation. (OTC PINK: HSCO) is pleased to announce, pending FINRA approval, that it will issue its first cash dividend of $6,000.00 at the end of Q2 to be paid to convertible preferred stockholders. The cash dividend requires FINRA approval, as it is a corporate action on behalf of the Company, and it comes on the heels of the impending Stock Dividend, which also requires FINRA approval. More information regarding the exact record and payment date will be known by stockholders, as we complete the necessary documentation with FINRA.
William White, CEO of Hi Score Corporation, states, "The purchase and assignment of non affiliated debt from third parties in other issuers, is well under way, and our professional advisors are currently exploring other opportunities with Issuers in the same condition. We will be converting the previously announced matured, secured debt assignments into equity under Rule 144, and anticipate the cash from those transactions will subsidize our operating capital, retained earnings in Hi Score Corporation, and cash dividends to preferred stockholders, pending FINRA approval. Should there be a delay in these actions due to meeting regulatory requirements we will inform the stockholders, but the notion of issuing a cash dividend to shareholders, already underwater in this security, certainly represents an attractive opportunity. Many more details will follow regarding the Record Date and Payment Date of these Cash Dividends, once we file the appropriate paperwork with FINRA."
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