What are liquidating dividends david armstrong dating profiled

The Distribution is being made in connection with the Company’s previously announced voluntary Plan of Dissolution (the Plan) that was approved by EMRISE stockholders at a special meeting held on June 25, 2015. 24, 2016 (GLOBE NEWSWIRE) -- EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced third liquidation dividend of what are liquidating dividends-4 .12 per share (the Distribution) to its stockholders of record as of the close of business on July 7, 2015.Such forward-looking statements reflect the Company’s current views with respect to future events, based on what the Company believes are reasonable assumptions; however, such statements are subject to certain risks and uncertainties.

Details of the sale of EEL are contained in the Company’s news releases disseminated on June 30, 2015 and March 23, 2015, in its Proxy Statement mailed to stockholders beginning May 11, 2015 and in Forms 8-K filed with the SEC.

On its books, these shares were recorded at their cost of ,000. If the fair market value had been less than the book value, a loss, rather than a gain, would have been recognized.

If a corporation wishes to pay a cash dividend but has no cash at the moment, it may issue a special type of note payable to the stockholders promising to pay later. If the scrip pays interest, the interest portion of the payment should be debited to Interest Expense and not be treated as part of the dividend.

CONTACTS: Allison Niccolls Director of Operations VStock Transfer, LLC 18 Lafayette Place Woodmere, New York 11598 Phone: (212) 828-8436 Ext. VStock or Rene Caron Dresner Allen Caron (949) 474-4300 [email protected]: Allison Niccolls Director of Operations VStock Transfer, LLC 18 Lafayette Place Woodmere, New York 11598 Phone: (212) 828-8436 Ext.

The Company disclaims any intention or obligation to update or review any forward-looking statements or information, whether as a result of new information, future events or otherwise.

The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, the Distribution or the Company’s dissolution and related transactions pursuant to the Plan.

Stockholders should contact their brokerage firms if they have any questions regarding the receipt, processing and/or timing of the second liquidation distribution.

Only holders of record of the Company’s common stock as of the close of business on July 7, 2015 will be eligible to receive distributions of funds from the sale of the Company’s assets, in connection with the Company’s dissolution.

For a detailed description of the Plan and the matters relating to it, stockholders are encouraged to read carefully the Company’s news release dated June 30, 2015, its Form 8-K filed with the Securities and Exchange Commission (SEC) on July 1, 2015, and the Proxy Statement it mailed to stockholders beginning May 11, 2015.

Details of the sale of EEL are contained in the Company’s news releases disseminated on June 30, 2015 and March 23, 2015, in its Proxy Statement mailed to stockholders beginning May 11, 2015 and in Forms 8-K filed with the SEC.

On its books, these shares were recorded at their cost of ,000. If the fair market value had been less than the book value, a loss, rather than a gain, would have been recognized.

If a corporation wishes to pay a cash dividend but has no cash at the moment, it may issue a special type of note payable to the stockholders promising to pay later. If the scrip pays interest, the interest portion of the payment should be debited to Interest Expense and not be treated as part of the dividend.

CONTACTS: Allison Niccolls Director of Operations VStock Transfer, LLC 18 Lafayette Place Woodmere, New York 11598 Phone: (212) 828-8436 Ext. VStock or Rene Caron Dresner Allen Caron (949) 474-4300 [email protected]: Allison Niccolls Director of Operations VStock Transfer, LLC 18 Lafayette Place Woodmere, New York 11598 Phone: (212) 828-8436 Ext.

Property and Liquidating Dividends are another two items which are also included on the “Retained Earning” Accounts.

For this purpose, any such statements that are not statements of historical fact may be deemed to be forward-looking statements.

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