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JACKSONVILLE, Fla. — Dynasty Limousine Inc. (DNYS) of Jacksonville, Fla. has received certified share statistics following the recent 3:1 forward stock split. The information was received from the company’s transfer agent, Broadridge Corporate Issuer Solutions, and a copy of the certification has been posted on the OTC Bulletin Board Markets website and can be accessed via the following link: http://www.otcmarkets.com/stock/DNYS/financials.
Dynasty executed a three-for-one forward stock split to create a more orderly trading market in its securities. Certified post-split share counts as of May 30, 2012 are as follows:
Pierce Fleming, CFO and vice president of Dynasty Limousine, said in a press release, “We are committed to non-dilution and the certified statistics from our transfer agent confirm that only 30,000 shares have been in issued in the past 19 months. This represents an increase of 0.00206% in over a year and a half since the company started trading. We are proud of this and feel that we are part of only a small fraction of OTC issuers who are protecting shareholders in this manner.”
Fleming also commented on the public float numbers. “DNYS has a very small float of 2.9 million. However, the effective float is likely much lower as many of the original investors still hold shares from when Dynasty was a private company. The float had been estimated at 2.2 million post-split, but every share sold when the company was private was restricted. These investors have held since 2008 and 2009, so as they come into the market the float will change. Dynasty does not control the public float, only the amount of shares that are issued and outstanding. The company has no convertible debt and no outside financing arrangements calling for any share issuance whatsoever.”
Fleming said that based on the current share structure and closing price as of May 31, 2012, Dynasty Limousine Inc. has a market capitalization of $741,503. “With 2011 revenues of $718,494, first quarter revenues of $204,662, and a record April in which the company generated over $89,000, DNYS is trading at a P/E well below market averages. We will continue to grow the business and several additional revenue streams are being explored to add long term shareholder value.”
To access the DNYS trading page, visit http://www.otcbb.com/asp/Info_Center.asp and type DNYS in the box that says "Symbol."
Related: North Florida Limousine Service Sets April Revenue Record
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