MY SOCIAL INCOME INC
MY SOCIAL INCOME INC ("MSOA-0"
- A Convertible Preferred Stock Dividend
My Social Income, Inc. is pleased to announce that it will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its individual shareholders. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record bearing a restrictive legend that will have a holding period of one year per 144 rule. Details of the transaction will become available to the shareholders once FINRA has approved the Corporate Action.
Colleen A. Schmidt, the CEO of My Social Income, Inc. states, " There has been significant dilution over the years in My Social Income, Inc., and the reason for that has been the issue of non-affiliated debt in the company. We have negotiated settlements with many of our debt holders now, as is our contractual responsibility; however we also want to protect the integrity of people's investments in the open market. Part of changing the corporate culture of My Social Income, Inc. is acknowledging the fact that our market has not performed to the satisfaction of our stockholders. Issuing anti-dilutive, 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."
About My Social Income, Inc.
MSI offers a wide array of communication services and specializes in tailoring these services to create Value Networks for its customers that can be extended to large groups of members, sales affiliates or other interested parties. The value of the network is its furnishing of free unlimited, in-network services to all network members; low-cost local and long distance calling; access to numbers outside the network for all members; high-value custom calling services to all members including voice messaging, email services, conferencing services, fax via email, automated attendant and advanced call processing to all members. It also includes customized small business services to any corporate sites, and custom VIP consulting services to all company principals and key personnel.
Statements contained in this new release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbor protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
MSOA CONTACT:
My Social Income, Inc. Colleen Schmidt Investor Relations: investors@mysocialincome.com
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MY SOCIAL INCOME INC ("MSOA-0"
- A Convertible Preferred Stock Dividend My Social Income, Inc. is pleased to announce that it will be filing a Corporate Action with FINRA to issue a restricted stock dividend to its individual shareholders. Shareholders will be delivered physical certificates of Convertible Preferred Stock to their addresses of record bearing a restrictive legend that will have a holding period of one year per 144 rule. Details of the transaction will become available to the shareholders once FINRA has approved the Corporate Action.
Colleen A. Schmidt, the CEO of My Social Income, Inc. states, " There has been significant dilution over the years in My Social Income, Inc., and the reason for that has been the issue of non-affiliated debt in the company. We have negotiated settlements with many of our debt holders now, as is our contractual responsibility; however we also want to protect the integrity of people's investments in the open market. Part of changing the corporate culture of My Social Income, Inc. is acknowledging the fact that our market has not performed to the satisfaction of our stockholders. Issuing anti-dilutive, 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."
About My Social Income, Inc.
MSI offers a wide array of communication services and specializes in tailoring these services to create Value Networks for its customers that can be extended to large groups of members, sales affiliates or other interested parties. The value of the network is its furnishing of free unlimited, in-network services to all network members; low-cost local and long distance calling; access to numbers outside the network for all members; high-value custom calling services to all members including voice messaging, email services, conferencing services, fax via email, automated attendant and advanced call processing to all members. It also includes customized small business services to any corporate sites, and custom VIP consulting services to all company principals and key personnel.
Statements contained in this new release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbor protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
MSOA CONTACT:
My Social Income, Inc. Colleen Schmidt Investor Relations: investors@mysocialincome.com
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