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TheCapitalReport.com issues a trader's update on Li-ion Motors Corp. (OTCBB: LMCO) as the pay date of May 28th 2010 approaches. As of May 28th anyone in possession of LMCO commons stock, will be issued a 20% restricted stock dividend.

On May 23rd, it was announced that in a meeting held by the Company's Board of Directors April 20, 2010, the directors of Li-ion Motors Corp. approved a 20% restricted stock dividend on the Company's Common Stock, payable to stockholders of record May 28, 2010.

Li-ion Motors Corp. is an electric vehicle manufacture, producing lithium-powered vehicles including electric mopeds, sports vehicles, and electric motorcycles in addition to the electric cars.

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