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These excerpts taken from the COIN 10-K filed Mar 30, 2009. Dividends
Beginning with the first quarter of 2007, at the end of each
calendar quarter holders of record of our common stock received
a 5% common stock dividend until the Woodbridge facility
commenced commercial operations on June 30, 2008. We did
not issue fractional shares as a part of the dividend program
nor did we issue shares with respect to the calendar quarter in
which we commenced commercial operations. We also issued a
special 15% common stock dividend, payable on December 1,
2008 for all holders of record of our common stock on
November 17, 2008. During 2008, we issued
1,232,552 shares as stock dividends.
We have not declared or paid any cash dividends and do not
intend to pay any cash dividends in the foreseeable future. We
intend to retain any future earnings for use in the operation
and expansion of our business. The terms of our New Jersey bond
issue restrict our ability to pay cash dividends. Any future
decision to pay cash dividends on common stock will be at the
discretion of our Board of Directors and will depend upon, in
addition to the terms of the New Jersey bond financing, as well
as any future bond or bank financings, our financial condition,
results of operation, capital requirements and other factors our
Board of Directors may deem relevant.
Dividends Beginning with the first quarter of 2007, at the end of each calendar quarter holders of record of our common stock received a 5% common stock dividend until the Woodbridge facility commenced commercial operations on June 30, 2008. We did not issue fractional shares as a part of the dividend program nor did we issue shares with respect to the calendar quarter in which we commenced commercial operations. We also issued a special 15% common stock dividend, payable on December 1, 2008 for all holders of record of our common stock on November 17, 2008. During 2008, we issued 1,232,552 shares as stock dividends. We have not declared or paid any cash dividends and do not intend to pay any cash dividends in the foreseeable future. We intend to retain any future earnings for use in the operation and expansion of our business. The terms of our New Jersey bond issue restrict our ability to pay cash dividends. Any future decision to pay cash dividends on common stock will be at the discretion of our Board of Directors and will depend upon, in addition to the terms of the New Jersey bond financing, as well as any future bond or bank financings, our financial condition, results of operation, capital requirements and other factors our Board of Directors may deem relevant. | EXCERPTS ON THIS PAGE:
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