Therapeutic Solutions International, Inc. (OTC Markets:TSOI), a Nevada-based medical device company, has issued a reminder to its shareholders regarding the upcoming deadline for the elective "loyalty" dividend involving shares of its subsidiary, Campbell Neurosciences, Inc. (CNSI). Shareholders who have held TSOI common stock since May 15, 2024, are eligible to receive this dividend.
The election period for the dividend, which offers up to 10 million shares of CNSI stock, is set to close on August 14, 2024. Eligible shareholders may receive 0.0022 shares of CNSI for each share of TSOI held as of April 30, 2024. This dividend distribution represents a prorated allocation based on TSOI's 44.56% ownership in CNSI.
TSOI has clarified that due to the elective nature of the dividend, the distribution process deviates from the normal automated system and requires direct action from shareholders and their brokers. The dividend was not publicly announced by FINR, as it is not a standard dividend. Instead, the company has communicated the offer directly to shareholders through the Depository Trust & Clearing Corporation's (DTCC) LENS system.
The company has experienced delays and confusion in the distribution process, which took over a year for FINRA to advise on the proper methodology for this type of elective dividend. Nevertheless, TSOI is proceeding with the corporate action and encourages shareholders to act promptly to elect the dividend.
The article is based on an 8K filing.
InvestingPro Insights
As Therapeutic Solutions International, Inc. (TSOI) approaches its dividend election deadline, shareholders have a keen interest in the company's financial health and market performance. According to InvestingPro, TSOI is navigating challenging financial waters, with a reported revenue decline of -32.63% over the last twelve months as of Q1 2024. This aligns with analysts' expectations of a sales decline in the current year, which is an essential consideration for investors looking at the long-term value of their shares.
InvestingPro Data further reveals that TSOI has a market capitalization of 4.19M USD, which is relatively small, indicating its status as a niche player in its industry. The company's P/E ratio, as of the latest data, stands at -1.82, highlighting that it has not been profitable over the last twelve months. Additionally, the stock is known for its high price volatility, with a price total return of -57.19% over the past year, which could influence investor decisions regarding the loyalty dividend and their investment strategy moving forward.
With these financial metrics in mind, shareholders considering the elective dividend may also want to explore the additional 25 InvestingPro Tips available for TSOI. These tips provide a deeper analysis that could help in making a more informed decision. For those interested in a comprehensive investment tool, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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