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Geo..yes, it's a pink
but rules must still be followed...
Geo..I don't find this confusing
from SEC:
"If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares"
Yes, you would think
still have my doubts though..
Well, the TA says this
E-mail received today:
This was for holders as of 12-1-2006, the shareholders of this record date will recieve the additional shares. The payable date is 5-3-2007 and it will be effective with NASD on 5-4-5007.
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
November
no freebie...buyer gets divy and then share price trades in half ex divy day.
November
If I sell before the ex divy date, I'm selling the right to the divy..the buyer is getting the right to the divy.
We will know in a few days lol.
"If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares."
So, ex dividend date is 5/4
people can still buy up to tomorrow's close and get the divy..price should open Friday at half tomorrow's closing price. Should see price increase going into the close tomorrow.
The only logical thing to do
is for all current shareholders to get the divy...which might be the way it has to happen anyway. The only ones bitching will be those that sold after Dec 1., but IMO, they have nothing to complain about. Dec 1 was just the record date. This was discussed to death at the time and they were probably aware that selling after Dec 1 meant that they could be losing the divy.
Illegal talk is BS
Companies spin of wholly owned subs all the time and their shareholders legally get spin off shares. JR and crew wanted millions of shares of SSTP and another stock to pump and make millions off. JMHO
Bottom line.. IMO
SSTP could have.. and should have been spun off as a wholly owned subsiduary. USSE owners should have received divy shares, perfectly legal..happens all the time. With SSTP reverse merging, it just gave JR millions more shares to sell at some point.
No reward
Pre dec 1st buyers were buying one company that would produce biofuel and sell power. When SSTP was spun off, those shareholders were entitled to get the SSTP divy. It was not a "reward".
But it's not free
Double the shares at half price is a wash.
Got an E-mail from the TA
They don't even know the specifics yet..what a fiasco
panic?
USSE is being chopped in half because the shares are doubling..simple
yes, a date has finally been given eom
record date was announced
ex dividend and pay out date was not.
I'm showing .05
it's .09 now
Mystical..did he tell you it's a $30
stock in 3 months?...LOL...heard that 3 months ago.
The company only announced the record date
if you sold after Dc 1st, there is no guarantee you get the divy...that was discussed here to death.
What a mess with the whole divy thing
JR switching the divy to USSE is total BS. The pay out date is May 3rd, who gets the divy is still a mystery. Maybe it will be the MMs who will win big as those selling today will not be entitled to the divy...should be interesting. Many dumping today thinking they price will be cut in half, but they will own double the shares..but will they? We shall see.
for you to go EOM
Has it occurred to you
that someone may be a shareholder in a company and still not be afraid to voice his honest opinions about the company?
Is everyone who posts here doing it for a specific goal? it appears so.
I'm not sure what is more ridiculous
CNN at the last demo in Vidalia or Al Gore coming to this coming demo.
Of course when it doesn't happen this board will be bombarded with "I thought Al Gore was going to be there" posts..sigh
wow Zardiw...a whopping $850 invested in USSE/SSTP
I would like to know how you got those SSTP shares at $.09 though..
Maybe he means this
"The city is also in negotiation with a utilities company that, if contracted by the city, will help decrease rates to comparable to what they were in 2004, Copeland said."
http://www.natchezdemocrat.com/articles/2007/04/10/news/news291.txt
go away EOM
You guys are clueless
when it comes to doing business and trying to achieve something.
Bunch of 9 to 5ers..
wow, impressive pictures
boys have been busy..tubes look great!!
and how would you know this?
Apparently they are holding the equipment because they gave ONYI some money up front. If ONYI was fraudulent in their filings..which appears to be the case..why shouldn't USSE hold onto the equipment?
why would you care
who is buying and their reasons..go away
Are we allowed to expect execution?
..because that just isn't happening
Go Away Eom
Regarding ONYI
It's seems fairly simple...USSE needed ONYI to get off the pinks and when they found out there were problems with their filings..then they were no longer needed. As for why USSE is holding their equipment, who knows.
Oldschool
Ok..I don't follow that many pinks, so I found it odd that 3 of them have open TAs. I thought maybe that it wasn't so unusual.
Oldscholl
I listed a few last night along with the TAs names..that post was deleted for some reason.
Wow RI represented well here
I'm from RI as well
Yes EOM
Not as rare as many are suggesting
I know many pinks where you can get the O/S via the phone or E-mail.
go away eom
thanks for the warning eom