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For The Earth Corporation Announces FINRA Approval of it's Convertible Preferred Stock Dividend
For The Earth Corporation Announces FINRA Approval of it's Convertible Preferred Stock Dividend.
About this update from For The Earth Corp.
[{"type":"text","content":"For The Earth Corporation Announces FINRA Approval of it's Convertible Preferred Stock DividendFor the Earth Corporation (OTC PINK: FTEG) is pleased to announce FINRA's approval of its Convertible Preferred Stock Dividend to its Stockholders. This announcement was disseminated to OTC Markets on December 2, 2013.Nelson Grist, CEO of For The Earth Corporation, states, \"We are extremely pleased that we were able to get approved for the stock dividend by FINRA. We are serious about the integrity of our stockholders' investments. The issuance of these Convertible Preferred Securities is designed to insulate stockholders from the volatility of the open market. The convertibility feature of this stock is set at the par value of the public company to ensure that once these securities mature, the holder of these derivatives can convert them back into common stock, through an issuance resolution from the company, at a predetermined ratio as set out in the Articles of Incorporation. The fact that the convertible preferred stock is also Anti Dilutive further protects future investors from reverse splits that the company may contemplate in the future, once it has the equity to justify a significantly higher market capitalization. For the Earth Corporation will also pursue, pending FINRA approval, a cash dividend as an additional compliment to the FINRA approved stock dividend. Safe Harbor Statement: This release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expe...