Medicus Homecare Inc. (fka MDCR)

[retireat40]

Agreed...it was a F/S

[WANG]

so you get 24 shs for every each shs you hold?

Thats not divy! thats just F/S shs???


Any stock doing a F/S will give you F/S shs.LOL based on the f/s ratio.


any stock who does F/S will give you F/S shs! for example, 8/1 F/S XYZ stock....if you buy 100 shs you'll get 800 shs after F/S.


Thats not divy!

[retireat40]

I bought 500 yesterday at $4.00 per share. This is the email I received today from Scottrade:

"You are correct that you are entitled to 12,000 shares based on the 500 held now. We expect to have this paid out within the next 24 hours once the shares are received. There will be no action necessary on your end as the adjustment will be made automatically".

That 500 cost me $2,000. At the current pps those 12,000 would be worth $6,000. I'll take that if I can get it!

[WANG]

so, if you bought 100 shs yesterday, how many shs you supposed to get ?

[WANG]

looks like that was the first person who got shs.LOL

[koolmc]

a buck now i want my shares lool

[Churak]

moass...weeeeeee...

[koolmc]

moass lool, hopefully peeps don't sell the shares they don't own yet but we all know it has happened before

[Churak]

actually, this is going to be a real shitshow ie:

1. No ticker change
2. No D appended to ticker to indicate split
3. No apparent CUSIP change
4. Did not seem to appear on the DAILY LIST yesterday - only when you searched otcbb.com will the dividend show up (EDIT)

How the heck will a broker distinguish between shares bot yesterday and those bot today? The shares I bot today got added to the ones I bot yesterday and show as one total. If I sell something, how will they know which shares I sold?

Unbeal...and...to da moon!

[Churak]

yup...

[koolmc]

we will know when peeps get their shares when huge bid whacks starts lol

[Churak]

TD OUTHOUSE will be last; of that, you can be certain

[koolmc]

just need my shares lool

[foregunst]

My shares havent shown yet, soon 4.00 w/shares. At this rate!

[Watcher31]

BOOM .52 bid !!!

[koolmc]

no shares yet in account let's see which brokerages will be giving them out first, some will be earlier then other's

[retireat40]

Me too. My shares now worth over $6,000. The $2,000 investment yesterday may have been a good move.

[foregunst]

Market Cap up 87% & my shares will be propotionate to the increased pps!! I will wait on my shares.

[retireat40]

Nice play if you got your shares. Otherwise it's useless.

[retireat40]

Frustrating to watch this...if I had my shares they'd be worth $3,600. Instead my account shows $150.

[foregunst]

BOOM!!!!!! 46 Plus percent. Nice hit, nice play!

[foregunst]

Can't sell what don't show yet, perhaps pps will rise. May as well buy more in the wait meantime as a opportunity I have not been in these before but optomistic. I need .25 minimum.

[retireat40]

I've never had this issue before with Scottrade. It's BS if you ask me. They adjust the pps immediately and leave you short on shares?

[Watcher31]

dividends always take a while to post, sometimes a few weeks...depends on the brokerage co

[retireat40]

My Scottrade account still shows the same number of shares as yesterday but at a value of .16. This is NOT good.I should have 12,000 shares.

[MONEYMADE]

I sell....no reason these days to play DIVIES OUT. THE LITTLE GUY SCREWS UP HE GETS SCREWED. THE BIG GUYS THAT MAKE THE RULES SCREW UP THEY JUST CHANGE THE RULES

[Watcher31]

I have to admit they are sometimes selective,
their friend and drinking buddy Bernard Madoff, former NASDAQ Chairman, who they waited till he was 70 and had lived the good scamerster life before they were forced to act...
I wonder how many of them knew and helped with the scam and for how many years they got kickbacks and free drinks... OOPS we aren't supposed to say that publicly are we...LOL

Funniest quote of the year ? the SEC's deputy enforcer.
"We are moving quickly and decisively to stop the scheme and protect the remaining assets for investors." Like they acted quickly... he had to run out of money for them to act... LOL

[Churak]

FINRA, NASD market integrity sets all dividend date, pay dates
it's the rules, it's the law.. simple as that

Correct!!! But hold on there, Bucko...it's not 100% guaranteed...there have been isolated instances over the years where FINRA has backed off enforcing those regs...ie:

1. MAMG
2. Another ticker I can't recall that started with an "M" that we got screwed by a scumbag lawyer named Nathan Drage who went on to get sanctioned by the SEC for subsequent securities law violations.

[Watcher31]

SEC rules that's why.
Technically when you own it "Record Date" is when the dividend attaches to the stock.
If you sell it before the X-Date, the dividend follows the stock to the new owner.
So those that don't understand the SEC FINRA regulations
would think they got the dividend.
Even if the company gave someone a certificate early, and I have see it happen, they are still required to pass it on to the new owner of the shares on the X Date.
A companies Press release means nothing,
FINRA, NASD market integrity sets all dividend date, pay dates
it's the rules, it's the law.. simple as that

[jeffn]

picked up a few for the learning experience today. got ih geek warren to hook us up with the news feed and quote.

[retireat40]

I use scottrade. Last 2 divies with them went smoothly.

[Churak]

not really...lol...with TD OUTHOUSE in Canada, you must fight for every one of these...I am still fighting to get my split shares on STFK which happened over a month ago

[retireat40]

I grabbed a few...we'll know soon enough.

[Churak]

record date is meaningless for stock divvies - all that matters is the ex date...

[retireat40]

Certainly no rush to buy EOD.

[retireat40]

I think you're right...record date listed as 8/1 but that can't be right. The ex-date is supposed to be the second business day before the date of record.

[GaryS]

OVET...tda says i will get shares if i bought before xdate...period...regardless of record date or any other date

[GaryS]

call any broker...xdate is only date that counts

[retireat40]

Yet the ex-date here is after the record date. The ex-date is supposed to be the second business day before the date of record. This one is weird.

[retireat40]

You must own the stock as of the "Record Date" not the ex-dividends date.

[retireat40]

ITEM 7.01
REGULATION FD DISCLOSURE

The following information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. By furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

Overtech Corp. (the “Company”) has completed all regulatory requirements for its 24-for-1 forward split by way of stock dividend (the “Stock Split”). Shareholders of record will receive 23 additional shares for each share held on the record date (August 1, 2014).

Why would today have anything to do with it???

[Watcher31]

X date is all that matters 8-5-2014

[Watcher31]

OVET - Overtech Corp Common Stock

http://otcbb.com/asp/dividend.asp?sym_id=OVET&dDate=8/1/2014&sDateType=Record_date

Declaration Date:

-- Ex Date: 8/5/2014

Record Date: 8/1/2014

Payment Date: 8/4/2014

Dividend Type:

Stock Dividend or Split Dividend Amount:

24-1 stk
Notes:

Due Bill Redeemable Date: 08/07/2014

[MONEYMADE]

,,,,,,,$4's getting spanked btw what does this company do?

[MONEYMADE]

Thanks,,,,more should be on this today +143%

[Watcher31]

if you buy today you get the div. of 24 shares

[MONEYMADE]

,,,,,,,There's a 24/1 FS coming so should be plenty of shares after tomorrow.

[Watcher31]

Someone looks like they are short selling the dividend >>>
We will see