Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
that would be the logic behind....
the "if you sell before the pay date" theory. does not make much sense to me.
I thought the PR was clear.....shareholders of record on Dec. 1st get the dividend. to me that means you can sell on 4th and still get the dividend.
i would like to see a link that shows that if you do not hold until the 15th, you transfer your dividend to the person that bought you shares before the 15th.
i will search SEC.gov for that.....theory.
Dan
Jim,
There is a discussion about an EQBM dividend that most think they will have to hold their stock until december 15th.
here is a paragraph from the PR.
Also, after announcing the dividend and warrants of SOMA payable to Equitable Mining Corp. (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com) shareholders of record date December 1, 2006, SOMA has received approval from the NASD to proceed.
link: http://biz.yahoo.com/prnews/061127/to400.html?.v=9
here is from knobias:
EQBM: Goes Ex-Dividend Wednesday, Nov 29; SPIN-OFF
TUESDAY , NOVEMBER 28, 2006 07:00 AM
According to the NASDAQ Dividend List, Equitable Mining Corp (OTC: EQBM) are expected to go ex-dividend on November 29, 2006. This SPIN-OFF dividend was originally declared on November 24, 2006.
DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
11/24/2006 11/29/2006 12/01/2006 12/15/2006
AMOUNT: SPIN-OFF
FREQUENCY: N/A
CHANGE: N/A
ADDITIONAL INFO: +One restricted unit (consisting of one share of Soma Petroleum Limited & 2 warrants) for every 50 shares held. Will not be quoted Ex.
Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.
link: http://tinyurl.com/yddjy9
in your professional opinion, when did a shareholder need to have purchased the stock to get the divy, and when can that shareholder sell without losing the divy...
AND, finally..
if you sell after the record date of 12/01/2006, do you forfeit your dividend and transfer ownership of said dividend to the buyer of your stock? ~~~~> i have NEVER heard of having to forfeit your divy when you sell AFTER the record date. to me the Pay date is just that...the day you expect it in your account.
I think there is some misinformation on the EQBM board, telling some to hold until the 12/15/06 pay date to be sure they get it.
your thoughts?
Thank you,
Dan
i dont know for sure....
but i read the posts differently.
i think if you DID buy at 12/01, you will get it.
i just don't know for sure.
good post BigDogs...eom
righty...
i do not trust this stock, but right now, if i see the opportunity to make money, i will jump in and out before the alarm goes off..get it?
name change? well, that was discussed on the FAT CATS board.
i hope you realize that i am not trying to HIDE behind a name change. i have made it perfectly clear who i am. i was sick of dzynstudios for many reasons....and if you google it, many have used it for businesses, and such.
now, for you and other good people on this board, i want this to rise to a buck or more. good luck.
dan
LOL...just a joke.
i have no ill-feelings toward the rebs.
just thought i would rib ya.
Dan
couch....
i am not in, and so therefore i do not comment much.
but i am watching. there was a reason why i was attracted to this stock in the first place, so i am watching VERY closely.
if i want to voice my opinion, i do it on other non-stock specific boards. if i have any constructive comments, i will provide them to this board, otherwise, i only have speculation, assumptions, etc...so, i don't post them here since that is not helpful to the board.
Dan
from what i understand:
he stated that we should get it the 15th,
he does not know for sure what the value is,
he gives an example of 3 bucks in US...he thinks..
and he wants to introduce himself...
LoL
that is what i gather
Dan
rough translation:
we should have it by 15 December in the depot. So completely I cannot do it yet believe-believing those warrants could times correctly which value be for us. Consider times if you 10,000 warrants would get and the Soma share is not about 3 US dollar that were according to my calculation 30.000US can I so quite introduce itself.
well..to be safe...
i guess you should hold.....
then you will be sure that you get the dividend.
good luck all.
i am trying to figure out...
why people think that if you sell after the record date, you lose your dividend.
If you are a shareholder of record as of the record date (on Dec. 1, 2006) you will receive your SOMA shares, regardless of whether you sell on December 2nd, 2006.
Example:
You own 1 million shares of EQBM on December 1st, which is the date set by the company according to their PR.
On December 4th, you sell all one million shares.
On December 15th (that is the date right?) your account should have 20,000 SOMA shares in your account.
That is how dividends typically work. I remember the first time i received a dividend in my account about one month AFTER I sold all my JPM shares. I did not know at the time, that if I sold, I would still receive the dividend, just because I made the x-date.
Now, is this different because an ex-date was not set? I don't think so, but maybe those in touch with Mr. Skolnik could educate us.
Dan
can you get more specific?
because that is on my watchlist and i have yet to purchase any.
i just did not do enough digging to buy yet.
Thanks serfy.
Dan
i was using that quote...
to express the feeling i get when i discuss pink sheet stocks...
i love them!...but it is the wild west here!
lol....that was an...
"airplane" quote
They bought their tickets....
they knew what they were getting into...
I say..
Let'em crashhh...
tomorrow is another day..good night all, EOM
ok, time for bed....enough for me...CT
that is why i posted that...
if someone wants to see the discussion, they don't have to go that far back in the posts.....
Dan
hey guys....about that post...
this has been discussed ad nauseum here on the board. and arguements ensued, as expected.
good luck fellas.
CT - dan
a post by me at FAT CATS..
Posted by: CheezyTang
In reply to: serfdom who wrote msg# 15059 Date:11/30/2006 12:42:37 AM
Post #16050 of 15063
serfy....this is one...
that i will most likely buy tomorrow. i like the potential for a big breakout.
At my last office, i worked mainly on laboratory buildings, and some research needs to be secure, very secure. we would put in card readers, mag locks, and other devices that allowed restricted access to areas of sensitivity. i think the SQUM products on door latchsets and locksets are a great opportunity for security.
Dan
your the man mick....eom
ARCHiTYPE...
i will be adding some good stuff to the I-box this weekend...some images and information about the latest and greatest in Architecture....
we will be up and running "full trucker effect" this weekend my friends...
CT - dan
serfy....this is one...
that i will most likely buy tomorrow. i like the potential for a big breakout.
At my last office, i worked mainly on laboratory buildings, and some research needs to be secure, very secure. we would put in card readers, mag locks, and other devices that allowed restricted access to areas of sensitivity. i think the SQUM products on door latchsets and locksets are a great opportunity for security.
Dan
downright nasty over on EQBM.
Mick, how are you doing tonight my friend?
Dan
why would they have to be paid...
and i don't think IHUB pays people to moderate.
many people moderate boards they don't own stock in.....and others start new boards, that they do not get paid to moderate.
i enjoy posting about stocks and other things on my mind. when the wife goes to bed, i have about 5 windows open on my screen, watching boards, reading ESPN, doing research, looking up various historical facts that most have no clue about...like our constitution, politics, etc..., and many other things...it is what i enjoy. right now, my kid is asleep, my wife finally laid her head down, after her and i watched the new Superman, and now i have my time to chill out.
during the day, i watch my stocks, and i watch the boards for information and the latest PR's. this is a one stop shopping mall for that quick PR info.....
that is that......
this is fun to me...and i am not getting paid to do it.
Dan
i think i will as MATT to assign moderator duties to me...
that way, i can get rid of EVERY SINGLE post that is basher, paid basher, to da moon, LRB's, and every other garbage thing over there....
LRB's....lol, what a joke.
that is what i will do. there will be only 10 post remaining!..lol
Dan
exactly.....
by the way, i am a basher over there, apparently.
i always felt...
that the best moderators are ones that do NOT own the stock...
keeps everything clean, good and bad....
Dan
JR, not slander...
"slander" is defaming one through speech.
"libel" is defaming one through other media, like writing/typing
ah forget it serfy...
it is the whole "paid bashers..!!! blah blah blah"..stuff...
they call some people they do not like LRB, or "Lying Rat Bastards" over on the EQBM board......they hate Jim Bishop, and others like him, and just don't want to hear anything in the negative...only "to da moon!"
it has become a red headed step child of the old TLNO days....
i was once like the "To da MOON!" folks over there. that was all.
Dan
serf...
there is a guy on EQBM named jrdig. he is sounding more and more like some we know when the telatinos shit went down..
here is an example~~~~~~~
Posted by: jrdig7
In reply to: drlynch who wrote msg# 21226 Date:11/29/2006 5:42:22 PM
Post #21229of 21230
Not a problem. If you check my history, I have nothing to hide. Am I bullish on EQBM, yes. But in all honesty why would anyone invest in a company that they didn't think was undervalued and had the opportunity to rectify the situation? I like our chances here and the LRB's only make me more determined.
by the way, an "LRB" is a "lying rat bastard" ie, basher. i think you need to talk to the guy.
it is becoming a bar fight over at EQBM!
man, i will tell you, as i read the posts, there are a sh-tload of confused and pissed off people over there.
i guess many that bought those .006 - .01 shares did not sell at .017 - .02 when they should have.
now they are angry and will tell anyone that provides reason and real information to GO TO HELL...
man, that board went down fast.
CT
Perhaps Mr. Skolnik will...
provide a clarification PR?
Perhaps Mr. Skolnik will...
provide a clarification PR?
LoL!...made me laugh..eom
good job weske..
dont apologize for managing your money wisely. after all, it is your money.
Dan
that is how it should happen...
good night mick. see ya tomorrow.
Dan
Good night CATS..
thanks for entertaining me tonight on my new board.
CT
you're the man mick....
i have been watching Sequiam, but I have not bought in though..yet..
looks interesting.
just come to say hello...
and say that i am still watching EQBM....
"CheezyTang" is the new "dzynstudios"
Dan