ENTN » Topics » Dividends

This excerpt taken from the ENTN 10-K filed Mar 12, 2009.

Dividends

We have not declared or paid cash dividends on our common stock.

At December 31, 2008 and 2007 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

 

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Table of Contents
These excerpts taken from the ENTN 8-K filed Sep 26, 2008.

Dividends

Holders of Series B-1 and B-2 Redeemable Convertible Preferred Stock are entitled to cumulative dividends, payable when, as, and if declared by the Board, at a rate of 18 % per share annually, in preference to any dividend on the Company’s common stock. There have been no dividends declared by the Board as of June 30, 2008 and December 31, 2007. At June 30, 2008 and December 31, 2007, the Company had dividends in arrears of $0.8 million and $4.5 million on its Series B-1 Redeemable Convertible Preferred Stock and $0.7 million and $3.7 million on its Series B-2 Redeemable Convertible Preferred Stock, respectively. In addition, for the six months ended June 30, 2008, the Company recorded approximately $0.1 million and $0.9 million related to Series B-1 and B-2 preferred stock accretion, respectively.

Dividends

Holders of Series B-1 and B-2 Redeemable Convertible Preferred Stock are entitled to cumulative dividends, payable when as, and if declared by the Board of Directors (the Board), at a rate of 18 % per share annually, in preference to any dividend on the Company’s common stock. There have been no dividends declared by the Board as of December 31, 2007 and 2006. At December 31, 2007 and 2006, the Company had dividends in arrears of $678,370 and $3,719,054 and $423,370 and $2,128,616 on its Series B-1 and Series B-2 Redeemable Convertible Preferred Stock, respectively.

This excerpt taken from the ENTN 10-K filed Sep 26, 2008.

Dividends

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

At December 31, 2007 and 2006 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

 

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Table of Contents
This excerpt taken from the ENTN 10-K filed Aug 14, 2008.

Dividends

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

At December 31, 2007 and 2006 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

 

33


Table of Contents
Index to Financial Statements
This excerpt taken from the ENTN 10-K filed Mar 14, 2008.

Dividends

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

At December 31, 2007 and 2006 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

 

32


This excerpt taken from the ENTN 10-K filed Mar 8, 2007.

Dividends

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

Our redeemable preferred stock (the Preferred Stock) issued in August 2003 accrued a cumulative dividend at a rate of 8% per annum. In February 2004, we paid all accumulated dividends totaling $1.1 million to holders of our Preferred Stock, and all outstanding shares of our Preferred Stock were redeemed and canceled.

At December 31, 2006 and 2005 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

 

33


Table of Contents
This excerpt taken from the ENTN 10-K filed Mar 8, 2006.

Dividends

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

Our redeemable preferred stock (the “Preferred Stock”) issued in August 2003 accrued a cumulative dividend at a rate of 8% per annum. In February 2004, we paid all accumulated dividends totaling $1.1 million to holders of our Preferred Stock, and all outstanding shares of our Preferred Stock were redeemed and canceled.

At December 31, 2005 we had 5.0 million authorized shares of $0.001 par value redeemable preferred stock, none of which was issued or outstanding.

This excerpt taken from the ENTN 10-K filed Mar 9, 2005.

Dividends

 

We have not declared or paid cash dividends on our common stock. We expect to retain all available funds and any future earnings for use in the operation and development of our business.

 

29


Table of Contents
Index to Financial Statements

Our redeemable preferred stock (the “Preferred Stock”) issued in August 2003 accrued a cumulative dividend at a rate of 8% per annum. In February 2004, we paid all accumulated dividends totaling $1.1 million to holders of our Preferred Stock, and all outstanding shares of our Preferred Stock were redeemed and canceled.

 

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