Nexia Holdings, Inc. (NEXA.OB) Moves Forward with Plans to Offer Stock Dividend
Today, Nexia Holdings announced that it has plans to distribute a stock dividend in Green Endeavors Ltd (GRNE.PK). The company must complete the following steps below before the stock dividend occurs. -- Nexia must sell its interest in Landis LLC and Reflections LLC to a wholly owned subsidiary of GRNE. The terms of the sale of these businesses to GRNE is being formulated. -- Proper exemption from registration or "no sale" opinion letter needs to be obtained from counsel to ensure compliance with all federal and state securities laws. -- Retention of SEC peer review audit firm…