Monday, April 16, 2012 3:14:01 PM
Re: gump90 post# 193560
just spoke with a broker at morgan stanley,the following is what he said is Fact.
now that the s-1 has been filed,the SEC will within 30 days publish the prospectus.this process is a must.and there will be a series of filings in relation to the s-1.
however,there is absolutly NO GURANTEE that katx has to honor this latest spin-off.
i specifically asked if there was anything that governs as to when katx has to give out those shares by,and he said NEVER.
he did go onto say that given the previous distro share debacle he would imagine that there would definatly be some sort of class action suit from investors.
so given the current scamming ways of the steads i supppose i will prove to be right once again and say this will never happen as well.