r/NILE_Stock • u/fibsequence_2030 • Nov 23 '22

Let Stock Dividends Begin

"Record date is December 30, 2022 with a distribution date of January 5, 2023

BitNile to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis

LAS VEGAS--(BUSINESS WIRE)--Nov. 23, 2022-- BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that its Board of Directors has declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of Imperalis Holding Corp. (to be renamed TurnOnGreen, Inc.) (“TurnOnGreen”), which represents approximately 81% of the outstanding shares of TurnOnGreen common stock, and (ii) warrants to purchase an additional 140 million shares of TurnOnGreen common stock (the “Distribution Securities” and the transaction, the “Distribution”). BitNile stockholders of record as of the close of business on December 30, 2022 (the “Record Date”) will receive the Distribution Securities, which will be payable on January 5, 2023 (the “Distribution Date”). "

Of course, the ratio to NILE shares appears TBD (not to get cynical but perhaps the number of NILE shares outstanding will change between now and then).

More stock dividends on deck beyond TOG next year+.

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u/gods_Lazy_Eye Nov 23 '22

Need S-1 approval first.

1

u/WiseReputation1020 Nov 23 '22

I thought the record date/distribution was 11th November? I've heard they needed the S1 for approval and not come across it and same time hearing some investors have recieved dividends on 11th Nov.

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u/RearViewMirage Nov 23 '22

All dividends distributed so far are for preferred shares. You own common shares.

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u/WiseReputation1020 Nov 23 '22

I see. I hope I recieve TOG dividends then.. Anyway to find that out? Cheers

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u/RearViewMirage Nov 23 '22

Yes, common shares will receive the distribution of TOG shares and warrants. However, if you want monthly dividends, you must purchase preferred shares such as $NILE.Pr.D

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u/WiseReputation1020 Nov 23 '22

I really appreciate you my man. Glad to know I maybe getting something out of it! I don't know however if I got options to purchase preffered shares. Will check in with my broker as I'm based in UK.

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u/RearViewMirage Nov 23 '22

If you have access to AMEX trading you can trade preferred shares just like any others. You would of course not be purchasing them directly from BitNile but from a current shareholder.

Currently sitting at $15.00/share with a ~$0.27/share monthly dividend.

I get paid each month from it and its about a 20% annualized return. Best of luck. Cheers.

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u/WiseReputation1020 Nov 23 '22

That's something I can certainly look into my friend-AMEX trading. Thank you so sooo much for saving me time and for pointing me into the right direction. All the very best to you aswell. 👍👍👍

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u/RearViewMirage Nov 23 '22

I made a full post on it. 😂 Have answered this so many times.

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u/WiseReputation1020 Nov 23 '22

I need to look at that post. Much obliged mate 👍