Following the completion of the sale of Xmark to Stanley, the Company will retire all of its outstanding debt. The Company expects to realize net proceeds, after retiring its outstanding debt, paying transaction related costs and other contractual commitments, of approximately $21.4 million. Under the terms of the Stock Purchase Agreement, $4.5 million of the proceeds will be held in escrow for a period of 12 months. The Company intends to fund a special dividend to stockholders estimated to be at least $15 million.
Do not buy Verichip! Found this info. It looks as they will also sell the rest of their businesses as well. You will be lucky to get all of your money back.
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The Company has also retained an investment banking firm to assist in the sale of the Company’s VeriMed Health Link business, and the possible sale of the entire Company, after the sale of Xmark. The Company intends to propose a second, special dividend to its stockholders consisting of all of the remaining distributable cash then held by the Company following any sale of the VeriMed Health Link business or the Company and the release of the escrowed funds.
At the closing of the Xmark transaction, Scott R. Silverman and the Company have mutually agreed that Mr. Silverman will no longer be an officer or director of the Company, although he will remain active as a consultant in the sale of the VeriMed Health Link business and the Company. William J. Caragol will continue as President and Chief Financial Officer of the Company. Joseph J. Grillo, President and Chief Executive Officer of Digital Angel, will replace Mr. Silverman as a Board Member of the Company, as its Chairman.

SKL-

i have to say your doing a hell of a job with this! keep up the hard work. i apologize for not being so vocal lately but RL issues and other things have occupied my time. i will be digesting all this information this weekend. i am close to revealing what i find i just have to authenticate some more info i have.

keep up the good hard work man i support you!!

Today's closing price of Verichip stock was $1.73 a share. Just keeping things updated a bit for those who were interested.

I just bought 60 shares of this stock at 0.73 cents each. I am going to sit on this one. Waiting to see how this pans out in the future, if they launch a massive chip implementation.

The first sign of the chip becoming main stream is when I grab my bug out bag and head for the "badlands." (I will literally drop what I'm doing), and take off. I'm not even going to say goodbye to family or friends.