Date : 01/10/2014 @ 5:09PM
Source : GlobeNewswire Inc.
Stock : Hemp, Inc. (PC) (HEMP)
Quote : 0.0405 -0.0185 (-31.36%) @ 5:00PM
Hemp, Inc. Announces Record Date for Issuance of Dividend Shares
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Hemp, Inc. (PC) (USOTC:HEMP)
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Today : Saturday 11 January 2014
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Hemp, Inc. is pleased to announce that its shareholders of record, as of close of business on January 13, 2014, will receive a dividend in the form of BioAdaptives, Inc. which is now, officially, a fully reporting development stage company. The S-1 filed, effective today, makes the 2,000,000 BioAdaptives, Inc. shares issued to Hemp, Inc. freely trading shares. This equates to approximately 1 share of BioAdaptives, Inc. for every 923 shares of Hemp, Inc. common, owned by a shareholder.
As a fully reporting public company, BioAdaptives, Inc. is now requesting a trading symbol and DTC eligibility. "Although this has taken longer than expected, we have made good on our commitment to spin-off one of Hemp, Inc.'s most viable divisions that isn't specifically in our core industry. This spin-off allows Hemp, Inc. to focus on its core business, plus gives our shareholders free stock in a new company brimming with opportunities," said Bruce Perlowin, CEO of Hemp, Inc