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Re: Wooden Indian post# 21468

Thursday, 07/19/2018 12:17:14 PM

Thursday, July 19, 2018 12:17:14 PM

Post# of 26159
I just found out what REALLY Happened:

USUALLY, before brokerages pay out a cash dividend, they have to have the cash from the company FIRST.

But in this case, the DTC Agent of the brokerages notified them that a .10/share dividend was due to FAGI Shareholders.

So they went ahead and paid the shareholders a Cash Divvy based on the info from their official DTC Contact.

And now they're taking it back.

This is all from a long convo with compliance at TDAmeritrade.

Realize though that the company NEVER authorized a .10/share cash divvy.

If you remember it was SUPPOSED to be a 1 for 10 SHARE dividend.

z