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MEMORANDUM RESOOGANIZATION PLAN
U.S. Radium Corp.
October 13, 1936.
At this time, the plan shapes up about as follows:
1. Pay $50.00 por ahare on each of the 4000 shares
Preferred now outstanding.
2.
Issue 1/2 share New $5.00 dividend non-cumulative
Preferred for esch share present Preferred.
3.
In lieu of accumulated dividends on present Preferred,
issue 1/2 share Common for each share Preferred.
4.
Reduce present outstanding Common - by giving 1/5 share
New Common for each of the now outstanding shares.
5.
Stock picture then would be as follows:
a. 2000 shares $5.00 dividend non-cumulative Preferred -
callable or liquidation provision at $100.00 per share.
b. 5000 shares Common - at nominal or no par value.
6. There are three suggestions regarding dividend participation:
a. After a $5.00 dividend on Preferred, all other earnings
to go to Common.
b. After a $6.00 dividend on Proferred, all other earnings
to Common.
C. After a $5.00 dividend on Preferred, the Common and
Preforred to share and share alike.
7.
A reduction in personnel more in line with the prospective
volume and profits.
8.
Estimated earnings and savings for dividend purposes:-
a. Personnel Savinga
$8000.00
b. Rent from plant, etc.
2000.00
C. Dividends from Teksler
6000.00*
d. Radium Operations, OVer savings,
under a.
5000.00**
$21000.00
*
Weksler profits to Radium, based on maintaining or increasing present
volume of sales, at present margins of gross profit.
** Radium profits based on present volume and under present highly com-
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"ocrText": "MEMORANDUM RESOOGANIZATION PLAN\nU.S. Radium Corp.\nOctober 13, 1936.\nAt this time, the plan shapes up about as follows:\n1. Pay $50.00 por ahare on each of the 4000 shares\nPreferred now outstanding.\n2.\nIssue 1/2 share New $5.00 dividend non-cumulative\nPreferred for esch share present Preferred.\n3.\nIn lieu of accumulated dividends on present Preferred,\nissue 1/2 share Common for each share Preferred.\n4.\nReduce present outstanding Common - by giving 1/5 share\nNew Common for each of the now outstanding shares.\n5.\nStock picture then would be as follows:\na. 2000 shares $5.00 dividend non-cumulative Preferred -\ncallable or liquidation provision at $100.00 per share.\nb. 5000 shares Common - at nominal or no par value.\n6. There are three suggestions regarding dividend participation:\na. After a $5.00 dividend on Preferred, all other earnings\nto go to Common.\nb. After a $6.00 dividend on Proferred, all other earnings\nto Common.\nC. After a $5.00 dividend on Preferred, the Common and\nPreforred to share and share alike.\n7.\nA reduction in personnel more in line with the prospective\nvolume and profits.\n8.\nEstimated earnings and savings for dividend purposes:-\na. Personnel Savinga\n$8000.00\nb. Rent from plant, etc.\n2000.00\nC. Dividends from Teksler\n6000.00*\nd. Radium Operations, OVer savings,\nunder a.\n5000.00**\n$21000.00\n*\nWeksler profits to Radium, based on maintaining or increasing present\nvolume of sales, at present margins of gross profit.\n** Radium profits based on present volume and under present highly com-"
}