Images (5)
Document
| id |
id
75729443
|
|---|---|
| contentType |
contentType
document
|
| source |
source
import
|
Source image fields (6)
Extracted text
OCR Page 1 of 5MEMORANDUM 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-
Relations
belongs_to
belongs_to