Wytec Dividend Share
Currently the parent Company of Wytec International, Inc. is Competitive Companies, Inc. In June of 2016, Wytec began the process of preparing for its Initial Public Offering (IPO) by ordering an audit of its previous two (2) years of financial information. The audit included the recognition of “intercompany” debt owed by CCI to Wytec for the use of funds acquired by Wytec through its previous and current Offerings.In order to legally balance the use of these funds, Wytec’s auditors, accountants, attorney’s and management formulated a way to adjust for CCI’s use of Wytec’s funds through the distribution of a dividend share to CCI Shareholders of Record upon the S-1 becoming “effective” under SEC rules and regulations. The ratio calculation balances the intercompany debt owed by CCI. The proper ratio was determined at 388:1 such that for every share of Wytec, CCI shareholders would contribute 388 shares of CCI shares. The calculator provides CCI Shareholders assistance in determining the correct Wytec dividend share distribution and a forecasted Rate of Return in owning CCI Shares.