Business
U.S. Energy Initiatives Announces a 20% Stock Dividend & the Pay Date Is January 8, 2015
U.S. Energy Initiatives Announces a 20% Stock Dividend & the Pay Date Is January 8, 2015.
About this update from Us Energy Initiatives
[{"type":"text","content":"\n \n \n U.S. Energy Initiatives Announces a 20% Stock Dividend & the Pay Date Is January 8, 2015\n \n \nU.S. Energy Initiatives Announces a 20% Stock Dividend & the Pay Date Is January 8, 2015\n \n SANTA CLARITA, CA--(Marketwired - Jan 5, 2015) - U.S. ENERGY INITIATIVES CORPORATION INC (OTC PINK: USEI) is pleased to announce today that the FINRA has approved a stock 20% restricted stock dividend for shareholders of record on the company's record dated that is December 29, 2014. The dividend will be added to the shareholders' existing shares on the pay date which is January 8, 2015.\n All shareholders of record owning USEI common shares on the Record Date of December 29, 2014 shall receive a 20% dividend which translates to 1 (one) share of USEI common stock for every 5 (shares) shares held by such shareholder. For example, if a shareholder owns 500,000 shares of USEI common stock at the close of business on December 29, 2014, that shareholder shall receive 100,000 additional shares of USEI common stock, giving that shareholder a total of 600,000 shares.\n According to Anthony Miller, CEO, \"We have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phases. Many of our shareholders have held this stock in excess of 6 years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. In 2014 we moved into the cannabis industry and have had some success (two CBD stores opened and a host of branded cannabis related products) and we believe that many of the initiatives we have started this past year will reap rewards in 2015. Management will continue to focus on its energy initiatives as well in 2015. This firm is an energy company at its core and the company's oil & gas technologies, our green energy relationships (biodiesel & hemp) and our strategic partnerships will continue to become a significant part of our efforts in 2015. It is our goal in 2015 to split our efforts on both business segments and management has a significant plan to do this. The management would like to personally thank all of the shareholders of record of US Energy Initiatives Corporation, Inc for all of your support over the last few years, and it is our goal to wake up every morning to attempt to build the best energy and cann...