is...Fruitful
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Gonna rock up now to .03 in 2 - 3 weeks. Mark this one
GLTA
WTVI. I lost my lunch money on that one, actually a lot of lunches. the reverse split killed me.
The who;e RB website is a ghost town, They're all coming here LOL
I'm in this one BIG. I'm done buying for the day, used up all my cash in my account on this one and dpbl. This one will pass 3 cents in the next 2 weeks! Hope to close about 2 cents today, but a LOT of people still tring to get in @ .0100, so maybe we'll see .015, either way, it's all good from here!
GLTA
Yeah, I'm buying all I can get @ .0001 This is gonnabe great!
Got 15M this AM. I'm loving these prices. This is gonna be great
Got some more today. Got another big order in for .03, hope it doesn't fill, don't want ti to get that low, but I'm gonna take adsvantage of it. anyone wanna sell 25M for .03. Hook me up!!!
GLTA
I was in a panic all day.... ALL my positions were tanking BAD, so I just walked away from the computer and let it go. That always seems too work for me.
GLTA
ERXDATE IS AFTER PAYDATE WHEN IT IS IN STOCK, Only before if divi is CASH!!!
Both statements are correct, hoever, if you sell befor the exdate, you are also selling your divis along with them. AND because this is a STOCK divi and NOT a CASH divi, ther ex date falls after the record date.
EX DATE DEFINED
Declaration, Ex-dividend And Record Date Defined
November 8, 2002 | By Cory Janssen, Co-Founder, Investopedia.com
Have the workings of dividends and dividend distributions mystified you too? Chances are it's not the concept of dividends that confuses you; the ex-dividend date and date of record are the tricky factors. In this article we'll sort through the dividend payment process and explain on what date the buyer of the stock gets to keep the dividend.
Before we explain how it all works, let's go over some of the basics to ensure we have the proper foundation to understand the more complex issues. Some investment terms are thrown around more often than Frisbees on a hot summer day, so it's important that we define exactly what we're talking about.
Different Types of Dividends
The decision to distribute a dividend is made by a company's board of directors. There is nothing requiring a company to pay a dividend, even if the company has paid dividends in the past. However, many investors view a steady dividend history as an important indicator of a good investment, so most companies are reluctant to reduce or stop their dividend payments. For more information on buying dividend paying stocks, see the articles How Dividends Work for Investors and The Importance of Dividends
Dividends can be paid in various different forms, but there are two major categories: cash and stock. The most popular are cash dividends. This is money paid to stockholders, normally out of the corporation's current earnings or accumulated profits.
For example, suppose you own 100 shares of Cory's Brewing Company (ticker: CBC). Cory has made record sales this year thanks to an unusually high demand for his unique peach flavored beer. The company therefore decides to share some of this good fortune with the stockholders and declares a dividend of $0.10 per share. This means that you will receive a check from Cory's Brewing Company for $10.00 ($0.10*100). In practice, companies that pay dividends usually do so on a regular basis of four times a year. A one-time dividend such as the one we just described is referred to as an extra dividend.
The stock dividend, the second most common dividend paying method, pays additional shares rather than cash. Suppose that Cory's Brewing Company wishes to issue a dividend but doesn't have the necessary cash available to pay everyone. He does, however, have enough Treasury stock to meet the requirements of the dividend payout. So instead of paying cash, Cory decides to issue a dividend of 0.05 new shares of CBC for every existing one. This means that you will receive five shares of CBC for every 100 shares that you own. If any fractional shares are left over, the dividend is paid as cash (because stocks can't trade fractionally).
Another type of dividend is the property dividend, but it is used rarely. This type of allocation is a physical transfer of a tangible asset from the company to the investors. For instance, if Cory's Brewing Company was still insistent on paying out dividends but didn't have enough Treasury stock or enough money to pay out all investors, the company could look for something physical (property) to distribute. In this case, Cory might decide that his unique peach beer would be the best substitute, so he could distribute a couple of six-packs to all the shareholders.
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date– This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record– This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three days before the date of record, which also happens to be the day before the ex-dividend date.
As you can see by the diagram above, if you buy on the ex-dividend date (Tuesday), which is only two days before the date of record, you will not receive the dividend because your name will not appear in the company's record books until Friday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. (When the stock is trading with the dividend the term cum dividend is used). But, if you want to sell the stock and still receive the dividend, you need to sell on or after Tuesday the 6th.
*Note: Different rules apply if the dividend is 25% or greater of the value of the security. For further details on dividend issues, search the NASD's website.
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A Money Machine?
Now that we understand that a dividend can be received by purchasing the stock before the ex-date, can we make more money? Nope, it's not that easy. Remember, everybody knows when the dividend is going to be paid, and the market sees the dividend payout as a time when the company is giving out a part of its profits (reducing its cash). So the price of the stock will drop approximately by the amount of the dividend on the ex-dividend date. The word "approximately" is crucial here. Due to tax considerations and other happenings in the market, the actual drop in price may be slightly different. In any case, the point is that you can't make free profits on the ex-dividend date.
Conclusion
The reasons for and effects of all these dates are by no means easy to grasp. It's important to clear up any confusion between ex-dividend and record dates. But always keep in mind that when you're investing in a dividend paying stock, it's more crucial to consider the quality of the company than the date on which you buy in.
By Cory Janssen, Co-Founder, Investopedia.com
They're all drinking beers and laughing at us
Who bought the 1000 shares for .042? Thought we was gonna run with .05 and up today. Oh well, the days stilkl young.
GLTA
She's HOT, That's why I'm going to bed LOL
NITE ALL .0003 tomorrow
This is a wierd stock. Strange things happen when stocks trade @ .0001, I have a few of them and many strange things happen when it gets at this price, like the 500 shares of AUGC I sold last week for .145 each. Money still in my account, I guess they gonna let me keep it.
I don't believe in bashers.
It is illegal to pay someone to bash, But I can't prove it's not happening, But it would be nice if someone could prove someone someone was getting paid for bashing. But of course I guess SEC or the Govt. wouldn't do anything about it anyways.
But it IS ILLEGAL to pay someone to bash!
Sorry, I got the 2M
Picked up a few more today @ .0001 Loading up this week on this one and DPBL
Got another 10M @.0001 today. Gonna load up this week on this one and DPBL
Got more today @ .04 NICE, Gonna load up as long as it stays this low. Hope to get 50M this week befor it goes up
GLTA
Wish I was so lucky, i didn't get in til it was .0009. Looks like I'm here for a LOOOONG time, and I can't cry that long!
what's the timeline for getting to the big board?
If you sell inbetween the dates, my understanding is the divi, weather cash or stocks will settle whereever the divi setlles
It'll be busy again mon morning
a lot of good people here but out enjoying last day of long weekend
If the dividend is in stock, the ex date is after the pay date, if the divi is in $$$, the ex date is before the pay date.
I'm putting this stock on a shelf, gonna pull it out a long time from now.
Another wierd thing, my BofA positiom shows this stock as 379.45% up every night when it closes, AND GOES BACK TO correct price every morning. I thought about calling my broker to fix it, but maybe it's a sign? LOL, it sure does look nice.
379.45% up from current would be nice.
GLTA
379.45% up
It could happen, after all: IT'S PENNYLAND!
And I just sold all mine
Takes 3 business days to get on record
3 buisiness days to settle. ThereforI think 3 days before dec 1st to get on record.
It's gonna tank a little after the divis are passed out IMO
But I think it will climb from there
Yes rufny, you must be in 3 business days before the 1st to be a shareholder of record as it takes 3 business days to settle.
Jesus helps me, but he don't play the stock market, We're on our own here
EXTREME good sign
I bought some, wanted to get in less than .05 today, but oh well. Market closes in 9 minutes????
My biggest 1st guess is more volume WILL be here next week, (I am SPECULATING a lot more),
This stock isn't limelight status yet, but it is growing, This week is a holiday week so volume is slower, but reality says you're right... let's just see
GL
Yes brokestocker, that's what happens, people start selling out in groves and cause pps to drop. Not to worry, it won't cause a fall out, just probably even out. I do't know how quick you can sell it, You may have to wait til the exdivi date or distribution date (12-15-06) in this case, But i !!!!!THINK!!!! you can actually sell immediately after the 1st. You won't see the divi in your account till around the 15th of dec
PS I'm a lowlife LOL and don't pay here so I'm running low on my daily allotment of post
GL
Yes, but be aware the pps might go down 25% also to even it out, However, This in the past has dropped after divi's but continued to climb. Remember, That's is the past and can't guarantee it will do the same here. But aside from the divi, this seems to be a solid company. They had some $$$ to do business that they took out of the stock, didn't end up needing it, now they're giving it back to the stockholders.
Merry Christmas present, SEEMS LIKE>
GL
Mike, that wasn't mine, LOL but That suggest the 10000 was yours. I got an order in for .04, I may have to bump it to .045 or more, They are being stubborn. Not at all like I thought.
Gl
Yes brokestocker, you will be eligible if you buy today, still time, I'm like you tho, haven't done a whole lot of DD on this one, just bought a few cuz it looks good now and in the past. And if I understand the divi, I think we will get 25% more shares if we are a owner on record the 1st of Dec, In order to be on record, you must purchase 3 BUISINESS days prior to date of record (12-1-06) as it takes 3 BUSINESS days to settle
GLTA
Yes has to be 3 business days before dec 1st to get on record