is... a buy and hold investor of dividend US and Canadian stocks
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Found some definitions on Record Date that indicates Messiah might be right. Also, stocks sold after 13th definitely do not carry the spinoff shares - the share dividend. Anyway, all this means is that this slide could have occurred sooner than the 17th, if the trades had to be executed no later than the 10th as Messiah is saying..
at any rate, the shares were worth much less because they did not carry the dividend shares as I said after the 13th and showed it.
I am not sure what role ex-dividend date plays here..
in looking at various references it seems as if Record Date = Settlement Date. The only way that I would be certain is if management of uWink somehow used the term "ex-dividend date" in any of their writings on this. Otherwise, it really is not clear to me. ... OMG maybe Nancy Nino knows... after all she has been a reliable source of information so far!
From Wikipedia:
In order to receive the upcoming dividend payment pay-out you must already own or you must purchase the stock prior to the ex-dividend date.
It is important to know when you buy or sell stock, there is a three-day settlement period (three stock trading days) on all buy and sell orders.
Here is an example: The ex-dividend date is two stock business days prior to the record date. To be a stockholder on the Record Date you must purchase the stock before the ex-dividend date. The latest date you can buy the stock to be a stockholder on record and be entitled to the dividend would be one day prior to the ex-dividend date to allow for the three stock-trading-day settlement of the stock purchase. If you purchase the stock the day before the ex-dividend date you would be a stockholder on the record date and would be entitled to receive the dividend payment.
and:
You only have to own the stock one day to be entitled to receive the dividend payment.
If you buy prior to the ex-dividend date, you are buying in time to receive and be entitled to the upcoming dividend payment. Selling your stock on the ex-dividend date or after, means selling it without the dividend. The buyer of your stock will not receive the latest dividend payment pay-out, but would receive the next dividend pay-out if held until the next ex-dividend date.
Netman: I sometimes have to take my time, shake my head, and have a second read of these bizarre posts because they are so off the mark, especially when you say my advice as "misguided". I have been dead right about this stock since i first started posting here in July of 2007. I was looking for a bottom, thought I had one with the opening of the second restaurant, and turned out to be wrong. From that point forward I did not see a bottom and have accurately predicted it's demise. I have realized that the management of this company simply never cared about being profitable. They were merely getting the restaurants open, using investors hard-earned money in the process, and were all along planning the next phase of this little adventure, and will soon be looking for more investor sheep to slaughter.
While it takes courage to go down with the ship as you have, you are carrying our fervent belief in this company to a ridiculous extent. Not only is this specific post ridiculous, but you are not seeing the bigger picture. Truthfully, I don't know what to think!
I have just read the recent string of posts on the dates. It has always been clear in my mind that you either hold the shares (do the trade) by 5;00 PM on the 13th or you don't. The record date is 3 days later, which is irrelevant as to whether or not you own the shares. I also just looked at the chart. The stock started this recent nosedive immediately after the 13th. Therefore, it is logical to assume the two events are linked. Not rocket science. So, I am completely correct in advising people to get what they can for the shares and that they are dead... The fact that I said that on the 18th and not the 17th is really immaterial. I can't be posting here offering my thoughts every day.
And what gives you the idea that someone who sells between the 13th and the 20th gives up anything? I doubt that. If someone buys past the Record Date (the 13th) they are not entitled to receive the spinoff shares... the price of the shares will reflect that, has reflected that. And I would think the Seller would still receive the spinoff shares, but really it is a technicality... this selloff occurred right after the record date... what more can be said.?
Furthermore, you simply do not see the big picture. This stock cruised at the altitude of .05 for about 2-3 months. You decided to buy more shares. I said .. why, in this post? (that is advice..)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35544201
Well, now those shares have lost 80% of their value... that is the price of those spinofff shares you have.. which can't be traded for years and have no market value. Someday they may be worth something...
So who really cares about what could have/ should have happened between the 13th and 20th of February?
It would be so interesting to meet you, because I must say I really don't understand you. And given your role in influencing others here, how can you say that my advice (which has been to SELL since July 2007, with one brief period of positive sentiment) is misguided?
L-M-A-O.. Good day.
well I am glad to see you are responding to me Netman. My point was that the stock appears to have gone into another nose dive (Uwink Air) again because of the inability to get spinoff shares. I still think that is true, regardless of the details of the dates... I am just not a detail person.
It is flying very low to the ground now....
holy shit this stock really bottomed out today... i guess the fact that there was no more possibility of even spinoff shares really killed it..
sayonara uWInk board. Not much to talk about now.
well, actually it is quite difficult because the tip can vary so widely depending on the extra services (beyond the standard lap dance) offered...... anywhere from 10% to 1000%.. and even more... not that i would know. That is only what I hear..
I think it is a joke that uWink would do this latest shenanigan (the Odd Lot Offer) in order to purportedly save investor's money. Anybody who had an Odd Lot and sold it likely bought that pre-split, anywhere between $2.50 and $1.20. So, assuming an average buy-in price of $2.00, 400 sh. cost the investor $800. Those shares became 100 sh. after the split and were worth $500 initially (@$5.00). The investor received $50 or $100 from the deal.. was it .50/sh? plus an extra $25... for $75? So his $800 investment because worth $75, and that was a bargain compared to market price... I can imagine some nasty words/ emails were exchanged with IR. What did they say.. geez thanks uWInk!
well clearly today U do not Win. I was thinking that there would be a selloff, since the record date for the spinoff shares passed yesterday... was it? now the shares are truly worthless.. may as well sell them for whatever you can get...
what about setting Buy/sell orders at those extremes?
yes that is one thing we can say, that APTD is going against the trend. Let's see how it does in the next few days. If this was a random occurrence, it will settle back down with the market and due to profit-taking.
so I was talking to some of the "girls"(?) on Jarvis St. THey remember you. I think the term was "Tiny Tim". Oh well, they said you knew how to use it... lol.
"Talking in general"? You mean just mindless chatting?> Using the board as a chat board? posting all kinds of dribble not directly related to the stock (which is against the TOU, of course..). Come on man we could not allow that....
only if I can hold your hand....
I think if this stock had any staying power it would have shot up like a dormant volcano having a massive fart.
wtf? 600k plus shares? can someone explain this to me? with no significant price appreciation I might add....
why are you bothering to buy into this? You still don't knwo what kind of financial structure this new enterprise will have, and really don't know what these spinoff shares will someday be worth, if anything. The fact that they are restricted now means they are essentially useless, likely for years. And the enterprise they are a part of will not be profitable for years, so what is the point? How can they have any value, and why would you buy something you cannot trade?
LMAO
women do not have a return policy.... at least once you marry them.
Why?
lol.. yes we do depend on the Amreican economy. Speaking of which.. why don't you Yanks get it together anyway?
on a more serious note, another thing about these guys is that they have reduced their prices, as per their last news... this is not a good sign, as it will have an impact on their profitability.
The stock has not exactly "crashed" price-wise today, but only because it is so cheap to start with... my trades have not gone through..
but the high volume is the same thing...
another possibility would be Reverse Split...?
generally I agree with you.. this one is so cheap that Risk really does not matter...
then again check out Lyrtech for a parallel in high tech. they do telecom.. profitable (like APTD) in the same price range as APTD... solid order backlog... I would say the nature of what they do (DSP Custom Programming) is more stable than APTD...
and guess what they did a Reverse Split 10:1 last year. Shortly after the stock crashed to .05 from .15 immediately after the split. They said that "it would make it easier to get financing"... lol
I thought that that report about the CEO being sick was kind of humorous... sure it is a startup, not too many employees, but since when is the CEO singularly responsible for the fortunes or profitability of a company?
All i am saying is that I think one should err on the side of caution that is all. nothing wrong with assuming the worst may happen.
The fact that the CEO was sick and that this is news is kind of weird. Their announcement that Q4 is better is the usual positive boiler plate stuff that any company generates.. and talk from a salesman at a trade show about good sales numbers in October is similar stuff.. almost like a bunch of execs at a software company party talking about the next big deal... lol.
In looking at a Reuters report on this stock more closely, it is on the edge of profitability. While this recent news may not be a big deal, I think it will have a definite impact on the stock more because of the optics.
Those words:
"the Company concluded that its financial statements for the quarterly periods ended March 31, 2008, June 30, 2008 and September 30, 2008 can no longer be relied upon."
are saying that all 3 periods need to be restated... that is pretty serious.
they only made a small operating profit in Q3, which this announcement appears to put in jeopardy. And when you look at their financial ratios.. they do not have a lot of cash on hand.. Quick Ratio and Current Ratio both 1.08. And if you look at their Cash flow Statement you can see that cash on hand and Working Capital is decreasing... this implies big business risk and that they are basically on the edge financially, even could be looking for financing soon.
The trend is decreasing profitability with big financial risk, like it or not. That explains the current stock price. And a whiff of any kind of financial misstatement could be a killer, send it down to .01.
Anyway, it is not like a certain other stock we both know that is completely dead in he water, but I would say that this thing will take some time yet, and will languish at today's level for a few quarter. it might be a good bet to really bottom feed at .01... and some day it will explode, I just think in today's market, not quite yet.
2 ways of looking at this. btw i could not find the details you are referring to....
i knew there had to be something about this stock. Numbers were too good to be true. Biggy or not, my guess is that this will cause the stock to fall. This kind of thing is never good. i would use the word "crash" but there is really nowhere to go.
So one could dump it, or use this as a buying opp and really lowball it.
I would say the second approach, given the fact it is so low.
only danger to stockholders is some kind of Reverse Split..
Buy Low ( <.02??) and take profit if you can. Sell on upswings.
I made the same mistake. It is difficult not to give a winner a second chance... and it seemed to make logical sense at the time...
TSPV?
you mean you lived here for 4 years? or visited frequently (one of those out-of-towners.. I have heard things about you)..
go uWink go. EOM.
actually I never need help...
Question: at what point in time (during the transaction....) would they laugh?
My moniker has more to do with overall size. When people meet me they kind of don't know what to say, so they just call me "the big guy". It kind of has stuck. Also, I saw it on WKRP in Cincinatti. Herb Tarlec always used to call his boss "The Big Guy". I kind of liked it.
Seriously, I stand 6'3" and weigh about 250 lb. And I am not out-of-shape. I hit the ceilings of buses all the time... (with my head).
yes, nice area. trendy, young, not expensive.. lots of nice little restaurants. lots of character.
for next time:
Yorkville = expensive trendy.
Downtown (Entertainment District) = young, stupid, loud, and the parking is really expensive. The skydome (now called the Rogers Centre or something), the jays. (world Series champs 1992-1993 and I was there when ___ hit that homer in the 9th). From what I understand he has never had any trouble getting BJ's. The CN Tower... if you are looking for a good phallic symbol with a restaurant on top.
Church/ Wellesley.. if you are a same-sex couple.. or just anything weird.
Danforth = Greek. I mean the food.. !
North York if you are a loser. Mel Lastman.
Mississauga if you are a total idiot and get lost in traffic. Suburbia. Really you should not be driving anyway. You may as well be living in Los Angeles.
Yonge St for drugs.
Waterfront/ Distillery district if you want to be a tourist.. or are just easy-to-please and don't want to make an effort. There is lots of parking and it is over with quickly.
well, if you were still in, I would say you remind me of a line from a movie. I can't exactly remember who it was, but I am thinking Eddie Murphy in Beverly Hills Cop.
"Never have I seen a ____ man in more desperate need of a BJ."
.... as a loooong uWink shareholder.
The "___" was a racial word, and the last thing I would want to do is insult anyone. You can infer as you wish.
which area? they are different.
I did not think you were that smart.... btw are you a uWink investor.. buy and holder?
Jarvis St and Queen St are perpendicular to each other. Big word I know... it means... we you know.,..
Jarvis is one street away from Church, which is the gay.. er.. sexually diverse.. area. Last thing I would want to is "pansification".. (sp.) do a search on Don Cherry to understand that.
Anyway... if one wanted a BJ.. one may want to approach a scantily-clad, ready for action, er... woman. (who the fuck knows) on Jarvis street.
Queen St is kind of in another part of town. it has lots of down-to-earth character.. lots of bars.. nice area. west of Yonge.
thanks a "load"? poor choice of words there iwink... btw no thanks..
I am going to have to talk to some people about these "BJ's". There are some nice-looking ladies standing around on Jarvis Street. They must be from out of town. Don't know where to go. I should ask them if they want to enjoy a good BJ with me, then I can learn what it is all about!!.
are you sure you want to admit that here? or do you just have a bone to pick with me?
aah.. the quality of the content on this forum gets better and better.. or bigger and bigger...
is that the same as giving me a BJ?
I got nuthin'.. throw me a bone..
no, ask Hillary. She won't know.. lol. EOBJ.
what exactly do you need tonight, one of those "BJ's"?