In an exciting series of events aimed at building shareholder value, Pure Hospitality Solution, Inc. (OTCMKTS:PNOW), the creator of Oveedia and the quickly growing Numismatic Specialty Store, Meso Numismatics, announced that the company will award shareholders with a very generous preferred stock dividend. The structure of its new Series BB Preferred Stock, may be unlike anything offered by a microcap company in recent or past history.
The preferred stock that this purveyor of Central American collector coins, currency and travel technology will offer, actually boasts two key features that mean most to all shareholders across the board… Non-Dilutable and Non-Reversible. Meaning, shareholders who hold this series of preferred stock can NOT lose their value to excessive dilution nor a dramatic reverse. The value of each share is maintained and protected at all times.
The new Series BB Preferred Stock will ultimately be used for a few endeavors. This includes, completing the cancelling and settlement of almost all remaining debts, as well as for compensation; further reducing debt liabilities and keeping stock dilution low. More importantly of course, as mentioned previously, this preferred stock series will provide a stock dividend to shareholders that will protect the current and future value of OTCMKTS:PNOW holdings.
What is also unique about this class of preferred stock are the restrictive covenants, which essentially guarantees all shareholders that the protective features and benefits of the preferred stock dividend can never or ever be amended by anyone. Like a virtual Blockchain transaction.
Pure Hospitality Solutions, Inc. (OTCMKTS:PNOW), in the official press release dated March 2, 2017, explained the features of the Series BB Preferred Stock dividend. The plan was formalized on March 28th, 2017, when Pure Hospitality Solutions (OTCMKTS: PNOW), announced the Company had effectuated the certificate of ating the series BB preferred stock to be used for the dividend.
As stated in the press release, “Management intends to aggressively follow-up with this effort by filing the necessary paperwork with the State of Nevada by March 30th; officially creating the new class of stock – the series BB Preferred Shares.” , this action was completed ahead of schedule [March 29, 2017].
The holding requirements that ensure shareholder participation in the dividend are expected to be release early next week with the announcement of the ‘X-Dividend Date’ (the time frame in which investors must secure their minimum holdings to receive the preferred stock dividend) to follow thereafter.
The bottom line is this… it is far from normal for an alternative reporting company to go through the trouble of structuring such a sophisticated stock dividend; such a generous dividend at that. However, what would one expect from Pure Hospitality Solutions, Inc. (OTCMKTS:PNOW), who’s management has spent the last 14 months repurchasing toxic debt, launched its first operating product, acquired a cash flowing business vertical and is hellbent on cleaning-up loose ends all to give back and show shareholder appreciation.
This should be interesting time for the PNOW market as the company has thousands of shareholders who will likely load up on their positions with a view to participate in the stock dividend along with any so-called “shorts” having to most likely release their position prior to the X-Dividend Date. This could make for some interesting activity to say the least.