Business
Metrospaces Declares a Dividend of 76,710 IQSTel, Inc. Common Shares
Metrospaces Declares a Dividend of 76,710 IQSTel, Inc. Common Shares.
About this update from Metrospaces, Inc.
[{"type":"text","content":"\nNEW YORK, NY, Dec. 07, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Metrospaces, Inc. (OTC PINK: MSPC) details its previously announced dividend to shareholders in the form of IQST Common Stock.\n Metrospaces announces that it will issue 76,710 common shares of its currently held IQSTel, Inc. (OTC:IQST) position to all its common shareholders.  Based on trading closing price of both Metrospaces and IQST for the last 30 days, this equals to a dividend of approximately 18-20%.  The Company will issue this dividend to all common shareholders of record as of December 31, 2018.  The Company has no definite time for the actual delivery of the dividend since this Board Decision will probably require corporate action approval by regulators, and as such no assurances can be given that this approval will be obtained at all.  However, the Company is confident in that it will receive this approval and it is the Company’s intention to get all necessary approvals to be able to complete this issue by March 31st, 2019.  The Company intends to continue to reward its common shareholders with future dividends.  However, it will be done in the time and form that the Company determines, considering its need to increase its investments in current operations and new projects and acquisitions currently being explored and negotiated.  Our focus is and will continue to be the increase of net income and net asset value of the Company.   About Metrospaces: Metrospaces www.metrospaces.com is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of the US.  The Company also invests in operating companies with a strong real estate component to the business.   Metrospaces currently owns approximately 40% of the common stock of IQSTel, Inc. (OTC:IQST). Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the Americas and across Europe valued in excess of US $550 Million. Metrospaces...