Earlier this month Eastern Services Corp. announced that it would be issuing a 900% stock dividend to every shareholder on record on January 15, 2008. This means that each shareholder on record the specific date will receive 9 shares of the Company’s stock for each share held.
Because of the large dividend, Eastern Services’ outstanding shares increased from 1,400,000 to 14,000,000 as an aggregate of 12.6 Million shares were added. The stock certificates were delivered the same day as the record date. No change in the par value and no fractional shares were issued.
The transfer agent responsible for this dividend is Holladay Stock Transfer Inc., 2939 North 67 Place, Suite C, Scottsdale, Arizona 85253. The 8-K containing this information can be found here: http://biz.yahoo.com/e/080104/esvh.ob8-k.html
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