Liquidating divident everything dating com

J., June 05, 2017 (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 fourth liquidation dividend of 0,000, or

HOUSTON, May 3, 2017 /PRNewswire/ -- Harvest Natural Resources, Inc.

Certificate Holders should contact the Paying Agent if they do not receive a check or if they need to make any changes to their addresses or accounts.

For stockholders whose shares of EMRISE common stock are held in “Street Name” at a brokerage firm (“Street Name Holders”), it is expected that the aggregate amount of funds required for the Distribution to the Street Name Holders will be sent to DTC (Depository Trust Company) today.

Another possible reason is to increase the number of outstanding shares in the market, broaden ownership of the stock and increase the liquidity of its shares.

Another reason to issue stock dividends could be to capitalise a portion of retained earnings.

.09 per share, to its stockholders of record as of the close of business on July 7, 2015 (the Distribution).

The Distribution is being made in connection with the Company’s previously announced voluntary Plan of Dissolution that was approved by EMRISE stockholders at a special meeting held on June 25, 2015 (the Plan).

If the company is without sufficient assets, one or more creditors may agree to reimburse a liquidator’s costs and expenses of taking action to recover further assets for the benefit of creditors.

In this case, if additional assets are recovered, the liquidator or particular creditor can apply to the court for the creditor to be compensated for the risk involved in funding the liquidator’s recovery action.

Companies generally pay dividends as a share of their profits each quarter, annually, or at a moment determined by the company’s board of directors.

Most frequently, companies pay cash dividends, which are direct cash payments in accordance to how many shares a shareholder owns.

When a company is being liquidated because it is insolvent, the liquidator has a duty to all the company’s creditors.

liquidating divident-85liquidating divident-40

HOUSTON, May 3, 2017 /PRNewswire/ -- Harvest Natural Resources, Inc.Certificate Holders should contact the Paying Agent if they do not receive a check or if they need to make any changes to their addresses or accounts.For stockholders whose shares of EMRISE common stock are held in “Street Name” at a brokerage firm (“Street Name Holders”), it is expected that the aggregate amount of funds required for the Distribution to the Street Name Holders will be sent to DTC (Depository Trust Company) today.Another possible reason is to increase the number of outstanding shares in the market, broaden ownership of the stock and increase the liquidity of its shares.Another reason to issue stock dividends could be to capitalise a portion of retained earnings.