SPYR Dividend Amounts to Free Money For Company's Shareholders

SPYR (OTCQB:SPYR) has announced it will give its shareholders of record on May 19, 2017 a dividend in the form of shares in what will be a new and separate publicly traded company.
As quoted in the press release:

SPYR will issue each of its shareholders an equal number of shares (1 for 1) in a new spin-off company, which SPYR is creating in order to divest itself from its restaurant division. So, if you own 1000 shares of SPYR on May 19^th, you’ll receive an additional 1000 shares of the newly formed spin-off company.

Basically, SPYR is rewarding its shareholders for their patience and loyalty to the company. Simply by being a shareholder of record of SPYR on May 19th, each shareholder will be rewarded with dividend shares. SPYR has stated that after it concludes the spin-off of the restaurant division, the newly formed company will file a registration statement with the Securities and Exchange Commission qualifying it as a separate publicly traded entity with a separate trading symbol.
What does this mean for investors? Well, before SPYR, Inc. ever existed, there was Eat at Joes, and it traded under the ticker symbol JOES. In the months leading up to the change in the company’s business model, which eventually became SPYR, Inc., JOES was trading between .20-50/share.

Click here to read the full press release.