9342-8530 Quebec Inc DGCRF

RE:RE:RE:Distribution of cash actually 14 cents?

[Dibah42]

Correct.  Preferred shares are a separate class of shares and are not included in the Common shares, which remain unchanged at 43,040,700 (approx).
One good thing that CUR mgmt has done over the years is not dilute the value of common shares by issuing huge amounts of new ones.
As part of an Ammended Agreement several years ago GPRO threw a lifeline to CUR in the form of a $5m (USD) infusion for which they were issued 4,900,000 Preferred shares.  This measure protected CUR Common shareholders from any dilution.
In the most recent deal GPRO/HOLX will return  those 4,900,000 Preferred shares back to CUR for cancellation and will be reimbursed s.t. like $1.63m CAD. As you can see they will be writing off a whole whack of $$ they are taking as a loss, both in share price as well as forex.
The special class of Preferred shares are not traded on any market and thus have no market value other than what is mutually agreed upon by the two contracting parties.
Sorry to disappoint you, but we are back to approx. twelve cents rather than your hoped for fourteen.
Happy New Year.
I won't have regular access to the Web for the next twelve weeks or so as the Mrs. and I will be snorkelling, sailing in the S. Pacific. Back by the Ides of March. Hope this special dividend issue is resolved by then.
Cheers.