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All of my post split shares are accounted for in my Fidelity account. I would assume your shares will show up soon!!
The share price will reflect the split on the 23rd. JMO
I've seen PHLX pop in several times this morning on the ask side and quickly disappear before a trade is executed:
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•PIXL (Price Improvement on XL) is the electronic price improvement mechanism which allows an initiating member to submit a two-sided order into an auction process soliciting price improvement. PHLX uniquely allows all participants to respond to the auction and offers a "No-Worse-Than" price designation.
This should clear things up:
Stock Split Record Date
Why does your stock split calendar not list the record date? (August 17, 2007)
You will not find a record date on our stock split calendar because the record date is meaningless. Here's a definition of "record date": The record date is a date, set by the issuing company, on which an individual must own shares to be eligible to receive a declared dividend or capital gains distribution. With regard to stock splits, the record date is used for accounting purposes only and has no significance to individual investors. Your shares will split as long as you bought them before the ex-date (also known as ex-dividend date).
Again, the record date is meaningless. Don't concern yourself with the terminology. It's simply an "accounting thing" with the company. The split will take care of itself. There is nothing to ever worry about. In its very simplest form, assume a stock is trading around $100 and is to split 2-1. If you pay $100 for the stock AND you still hold it when it actually splits, (ie, when it starts trading at about $50 --assuming it hasn't fallen in price dramatically), then you can be assured that you will receive the "extra" shares. However, if you pay $50 for the stock, then you know that the shares have already split.
So, why even state a "shareholder of record" date?
The "shareholder of record" date goes back to the time when most shares were held individually as paper certificates. On the record date, the company would actually send a certificate to the shareholder for the additional number of shares created by the split. Today, most of us hold shares in a brokerage account. The broker, then, is the owner of record. The additional split shares are distributed to our broker, who will transfer them to our account. The paperwork involved for shares bought or sold between the date of record and the payable date is usually handled between the company or its transfer agent and the broker.
Yanq, the ex-dividend date is likely the 22nd and if you buy shares between the 16th and 21st you will get the dividend. The record date is meaningless and only for accounting purposes.
I'll try and clarify what i'm trying to say.
RR
Split Pay Date - This is the date that the stock dividend or split will be paid.
Split Execution Date - This date is not often found in a split announcement, but it will always be the first trading day following the "split pay date." For example, if the pay date is on a Friday, then you can expect to see the affect of the split when the market opens on the following Monday. On this date the stock price will be adjusted and you should see the additional shares in your brokerage account. Brokerages can vary as to when they will reflect additional split shares in your account. Some will reflect it immediately on the execution date and others will wait several days until the actual certificates are received.
CHM, you are correct! I was wrong in my assumption. Thanks for posting!
RR
yanq....On Dec. 16th the SP will be approximately half of what it was on Dec. 15th. Your dividend shares will reflect in your account at some point during the day on Dec. 22nd.
RR
MW, In my view the ones complaining really cannot afford to be in the stock market, because their window for success is very small. If I were Glenn, I would not worry about trying to please everyone, it's impossible. The only thing that matters is CMGO moving forward, and it seems Glenn is piecing it all together. I like the fact there are no BS PR's here, solid news is what will move CMGO. I've been here at least a couple years myself, but the most valuable lesson I have learned in the 25 years I've been trading is having "Patience". Without patience you are Doomed!
Hey Glenn, "CARRY ON MY FRIEND"!!!
Complete fail....literally!
I wish I could pick up another 10K at these levels, but i'm tapped out for now. I really don't see us at these levels too much longer, MARA is a screaming buy!! JMO!
Looking at the technicals on the chart, and the bolly bands are tighter than I've seen them in a long time. Something has to give soon! The fundamentals are very sound, I don't see much more downside here. JMO
This looks like the bottom here. I look for a major move to $15 real soon!!
Those options can be exercised in 36 equal installments beginning in May, 2014 with an option price of $8.33. Basically, he can exercise about 4,000 options per month for 36 months....at the current SP, that's about $3.40 p/share. That's only $13,600 if he exercised 4000 shares.....I doubt he is cashing in now.
hispeed, I haven't sold a single share at this early stage, I'm looking for several multiples of where we are now, even if it takes a few years. I'm still holding in excess of 40K. We will get there....Thanks for all of your post and insight, much appreciated!
GLTY,
RR
And the day isn't over, yet.......:)
Great News!! It just keeps getting better and better, many kudos to management!!
Hey Fergus, that is exactly my thoughts! I'm in no rush to bring in a social media campaign at this juncture. I prefer the company to focus their efforts and money on laying out a top notch GG platform and XA proving their a world class agency. Same thing for the buyback, why expend the resources buying back shares before you deliver the finished product?
Nice Big blocks going through today. I can't think of a better position to be in, I love how MARA trades!!!
We may see the application to uplist being submitted very soon in a PR.
Nice catch and call......Also, we had another great day!!
Spacen, MARA doesn't need that type of attention, and IMO it wouldn't work. There are far too many loyal shareholders in MARA....and LARGE holders....these loyal holders would not risk selling ONE share, smart investors are buying!!
hispeed, I cannot express how excited I am to watch the growth MARA has achieved in such a short span, management and IR has done an awesome job here. We are just witnessing the tip of the iceberg, i'm very much looking forward to the uplisting and the institutional interest in MARA. If Apple/Samsung settles, that will be a huge signal to all investors of the quality of the Vantage Point patent and all patenets MARA owns. Exciting times ahead!!!
If we can hold $9.70, next stop should be $10.87....I think this is easily achievable!!
Today may signal a continuation of an upward trend, we shall see. The accumulation continues....the chart and the company are looking great! Thanks for the settlement updates, much appreciated!!
GLTA!
I would not count on an uplisting happening in June, I think it's a little too early. I think the chances of an uplisting happening in August are much greater, JMO!
hyrpowr, The 450mm is only the number of shares authorized to issue. Since 290mm has been issued and is the OS count, the other 160mm is only there should the BOD decide to issue those shares if they are needed. Long story short, those shares are non-existent up until this point. Hope that helps!
GLTU
AMEN to that Fergus!!! The pyramid is being built from the trilateral base on up, not the other way around as some may want. Seems management's vision is Truly a pyramid....The 10's of 1,000's I have invested here would not kill me if this were worth nothing, but most know what's coming down the pipe.
There is very much NO need for any paid promo's whatsoever, CMGO is a different animal all together. Those who stick by CMGO and watch there business plan unfold will be greatly rewarded, IMO. Big investors usually sit, wait, and watch the company execute for the long haul. I assure you, if CMGO deviates from executing their business plan and dilutes to satisfy some impatient followers, the Big investors will bail with impunity.
Bottom line is either you are an investor or a trader. Decide for yourself which one you are and act accordingly without trying to push your agenda on management. I can assure you that management is invested in this company and that alone is something we all should be very proud to be a part of in the OTC BB. We all know what the alternative is......and it's NOT good!
GLTA......hang tough!!
Thanks Dee, was in Houma all weekend, beautiful weather. I'm just East of Lafayette. I'm a Production Foreman for a major oil company. I know your whereabouts....Go Tigers and $CMGO!!
Hey Dee, my thoughts exactly! I've got the patience to wait this out, there's no other like it on the OTC. I think i'm going bang some golf balls around, the weather here in South Louisiana is too pretty and I have a big tourney to play in this weekend. Have a great day! GO $CMGO!!
Pickle, I read and appreciate all of your informative post...IMO, many have become accustomed to bid squatting during the lull period....this is the time to be banging the ask....many are sitting on the sidelines watching IMO, ask slapping brings awareness.
IMO, this should be the cheapest you'll ever see MARA. MARA is so undervalued I wish I had another $250K to throw at it.
I really wasn't expecting this complete lack of interest after an awesome 10Q......Management has completely turned CMGO around, BIG numbers, New Website, Good Gaming right around the corner....What am I missing here?
I like this from Greyhound IP, also:
Frank Knuettel II, Managing Director
Since 2007, Mr. Knuettel has been the Managing Member of Topside Research LLC and its affiliates. Topside Research LLC is focused on the monetization of patents Mr. Knuettel acquired in 2007. As Managing Member of Topside Research, he has successfully managed numerous large-scale patent litigations in the Central District of CA and the Eastern District of TX involving Texas Instrument, Dell, HP and many others. In addition, prior to co-founding Greyhound, Mr. Knuettel managed the investment in a trade secret case in DE against DuPont. Earlier in his career, Mr. Knuettel co-founded a semiconductor company, later sold to IDT Semiconductor in 2004, and has held CEO, CFO, COO and/or General Counsel positions at four venture backed technology companies in software and semiconductors, during which he raised in excess of $150 million in capital and entered into numerous M&A transactions on both the buy and sell side. Mr. Knuettel holds a B.A. degree from Tufts University and an MBA from Wharton, University of Pennsylvania.
Investment Characteristics
The Fund invests only in high-quality licensing/litigation-ready patent portfolios with an emphasis on quality over quantity. It seeks transactions involving contingent legal counsel and strongly prefers matters that involve multiple infringers.
Marathon Patent Group Adds Frank Knuettel II as Chief Financial Officer
ALEXANDRIA, VA -- (Marketwired) -- 05/16/14 -- Marathon Patent Group, Inc. (OTCQB: MARA) ("Marathon" or the "Company"), a patent acquisition and monetization company, announced today the addition of Frank Knuettel II as the Company's Chief Financial Officer.
As a newly appointed member of the management team, Mr. Knuettel will be responsible for leading and managing all of the Company's corporate and managerial finance functions including planning, budgeting and analysis.
"With over fifteen years of experience as CFO at multiple different public and private technology firms, in addition to experience monetizing patents through licensing and enforcement, Mr. Knuettel is well suited for this position and will play a key role in supporting Marathon's growth and business development initiatives," stated Doug Croxall, CEO and Chairman of Marathon.
Most recently, Mr. Knuettel was the Managing Director and CFO of Greyhound IP, which invests capital to cover the costs and expenses of patent litigation enforcement efforts brought by small companies and individual patent owners.
Mr. Knuettel received an MBA from The Wharton School at the University of Pennsylvania and a Bachelors from Tufts University.
I think we rally into the close....
Very impressive numbers! This story keeps getting better and better. An 81% increase in Revs over last Qtr.....the pace is quickening guys, hold onto your hats!
GLTA
That's why this is a long term play for me....3-5 years minimum. Let it all play out, we are very much in MARA's infancy!!
Reading some post really p*sses me off sometimes with all the tear dropping. I can't fathom anyone making any money in the markets without patience. I've been here almost 2 years now.....don't rush my investment!!! Thanks for all MW and GK!
Sitting tight!
RR
The settlement and license agreements will come, as these are high quality patents with thorough DD performed before being acquired. I standby my previous statement that as MARA sits now, this is a $20 stock on asset value alone. Institutional investors will be pounding the table when uplisting occurs, JMO! Smart investors are accumulating at these low entry level prices, NOW!
GLTY!