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Dividend is still not on the Daily List, or any dividend calendar.
I have been through this a couple of times before and this has been my experience.
As I stated in my previous post, we should be looking for new dates. This company has never issued a divi before, and companies new to issuing dividends, usually don't get it right the first time.
This is a true stock dividend, because the securities issued will be of a company other that the one issuing them. These kind of stock dividends are treated like cash dividends, so the Ex Date will be three days before the Record Date. Example: If the Record Date ended up being 4/30/2010, the Ex Date would be 4/28/2010. In this scenario, the last day to buy, and receive the dividend, would be 4/27/2010.
The shares of the new company (most likely restricted) will show up in your account sometime on, or after the pay date. If restricted, they will have a temporary symbol, or no symbol at all, and carry zero value until the restriction is lifted.
I for one, hope they put out a correction soon, as their current PRs relating to the dividend are inaccurate.
I don't feel that investors should be buying this stock for the dividend. The 10K should be out within the next couple of days. If they don't meet the extended deadline, the symbol will get an E (ARTSE.OB) next to it until they file their 10K.
I am in this stock because the company showed profit in Q3 of last year, and I am hoping for growth, and more profit for Q4.
This is a lottery ticket like most OTC stocks. Revenue, and earnings growth, with limited, or no increase in O/S would be a plus, and with the growth, a reduced O/S would be huge.
I'm just speculating like everyone else.
This is JMHO.
GLTA,
SpongeBath
Neither date was on the daily list, or any dividend calendar, so there will be new dates. They can't put the record date on the daily list after the ex date. FINRA would not allow it. Look for new dates.
SpongeBath
Monday (the day before the EX Date) will be very interesting IMO.
Just keep an eye on the Daily List.
http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=OTCBB&searchbydate=dividends&div_date=record_date&fromdate=04%2F14%2F2010&todate=04%2F16%2F2010&searchdate.x=29&searchdate.y=10
SpongeBath
Bubba, I just like giving complete explanations lol.
SpongeBath
Bubba, on IHUB trades if the trade price is closer to the Bid, it posts as a sale. If the trade price is closer to the Ask, it will post as a buy. If the trade price is right in the middle, it will post as a ?.
Due to this fact, trades posted as buys are not always buys, and trades posted as sells are not always sells.
If you placed a buy order, and it filled at, or near the Bid price, it will post as a sell, not a buy. The buy vs sell ratio cannot be completely trusted.
SpongeBath
Probably nothing until restriction is lifted, and the restriction will most likely be for one year.
SpongeBath
Yes, but will most likely be restricted shares, as Artfest Direct is not public yet. If I am wrong about Artfest Direct not being public, please correct me, and provide their current stock symbol.
SpongeBath
Be aware, the divi will probably be restricted shares. Not trying to be the bearer of bad news, but that is usually how it works. The good news is that this could trigger an accounting of the shares, and should result in a squeeze.
SpongeBath
The ? on the trades page just means the trade price was between the Bid, and the Ask, nothing more.
Check it out, and look at the trade prices on the ? trades, and look at the Bid, and Ask at the time. You will see what I mean.
http://ih.advfn.com/p.php?pid=trades&symbol=arts
SpongeBath
The EX Date would be the 13Th. You must own by EOD on the 12Th to receive the dividend.
However the divi is not on the Daily List yet. You can watch for it @ http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=OTCBB&searchbydate=dividends&div_date=record_date&fromdate=04%2F14%2F2010&todate=04%2F16%2F2010&searchdate.x=29&searchdate.y=10
SpongeBath
Guess so. I wanted to see my other 455,000 go back to .048 though lol.
SpongeBath
MMs up to usual shenanigans?
I placed an order to buy 15000 at .048, and they filled it at .033. I'm not complaining about the deal, but was trying to bring the price back up.
SpongeBath
I've got mine, and I sure hope you're right.
SpongeBath
Slaz,
Any word on how close they are to announcing finalization of the Sunset Island Music acquisition?
SpongeBath
The only news that really matters at this point is the 10K.
This one should show exponential growth, if not positive earnings. Everything else, while it is great to be informed, means nothing without results.
The results are coming, and due by the end of this month.
SpongeBath
Looks like they moved the ask to .099.
SpongeBath
It's not due until the end of the month. Lots of work involved due to being a new public company, and the acquisitions. I will just be happy to see the 10K come out on time.
SpongeBath
I thought the 10K (which is audited) always included Q4. Didn't thing they put out a separate unaudited 10Q for same quarter.
BTW, where is everybody?
SpongeBath
Oops, I meant El Paso Mountains.
http://digital-desert.com/el-paso-mountains/
SpongeBath
Sorry I'm late to the party. I've been in the San Juan Mountains gold prospecting for the last two weeks.
Does anyone realise just how big the new Chariot 300cc Motorized Scooter is going to be? Anyone selling these is going to soon be flooded with orders IMO.
This is a freeway legal, two passenger, commute vehicle with room under the seat for groceries, or whatever. It gets 80 MPG at 100 MPH. Imagine the MPG at legal speeds.
All this at only $3999.99? What a deal!
This could be the next VW Beetle, or Suzuki Samurai.
County Imports could sell millions of these.
The future for this company just keeps getting brighter IMO.
SpongeBath
It's the 10K that's due by the end of the month.
The 10Q, for Q1 of 2010 isn't due yet.
The 10K will be for all of 2009.
SpongeBath
Slaz, I know for a fact that it was a 30K buy at the bid. I know who bought it. In fact all of today's volume was buying.
SpongeBath
Wow, what happened?
All I did was agree with Slaz that this company has a bright future, and the buys started coming in.
Oh, there, I just said it again lol.
SpongeBath
Thanks Slaz, I agree, this company's future is very bright. IMO, anyone buying now will be very glad they did by this Summer, or even sooner.
SpongeBath
Bull, financials are not due until the end of the month, and it won't be just Q4. They will be putting out a 10K for 2009.
SpongeBath
Really great day, feels like old times.
This run could go to .25, or .30 this time.
Allot of flippers came back in, and some are sitting on the sidelines ready to participate again IMO.
SpongeBath
We're still way over that @ .0029.
SpongeBath
Need some big buyers yo come in here. We seem to have stalled out at .0019.
SpongeBath
News should push this up quickly IMO.
SpongeBath
It's not all sells smicher. NITE keeps filling buy orders at the bid.
I had an order in earlier, for 400K shares at .0018, and they filled it at .0017 (the bid).
They have been doing this allot the last 3 trading days, especially near the EOD. I have had several other large orders filled at the bid.
They are up to their usual shenanigans IMO.
SpongeBath
It's starting to tighten up.
SpongeBath
Do you think those were buys at the bid?
SpongeBath
Ask moved to .1119. HOD .1119. Volume looking good so far. This could be the bounce we were waiting for.
Time get on board, or miss the boat IMO.
SpongeBath
Actually, It was me that picked up shares on Monday, and some the week before. I've been buying since 2/24/10. Got 300K now at average .0208. I am very happy with my position, and wouldn't be afraid to buy more at a higher price.
I'll just watch, and if I see another good deal I'll pick up more. If not, what I have should be enough IMO.
SpongeBath
I don't post much on Yahoo, and I have only put the word out to friends. Some of them do post, so when you tell me the time is right I will see what I can do.
This should move like a monster once the acquisition is complete, and the company starts PRs, and posts on Myspace, Facebook, and Twitter.
SpongeBath
OK, I feel much better now lol.
I kinda figured you were already in.
SpongeBath
Well Slaz, you should have bought them before you told everyone else about the company. I would have made sure I loaded up big, before letting the word out lol.
I've accumulated 300K myself. Would love to see this go into dollars instead of cents.
You know, if you tell someone, they will tell three people, and those three will each tell three more people, and so on. Sorry dude. I'll call everyone I told, and tell them to stop buying lol.
Better get in big soon. This could go up allot before any more news releases, just on spec alone.
JMHO,
SpongeBath
ZRock, I watched this all day, and know for a fact that only 55,000 were sold @ .02.
The rest were all buys. In fact, I actually know the person that bought the other 150K.
SpongeBath
My intention was not to cause a political firestorm. I was trying to point out that if you are investing in a company that produces green technology, it doesn't make much sense to knock a green agenda.
One can't deny that the oil companies have much money, and power, and will try to sway politics in the direction of continued dependence on oil, foreign, or otherwise. Oil supplies won't last for ever, and they want to get as much as they can for every last drop.
What I was trying to point out in my super tanker metaphor, is that it will take a long time to reduce our dependence on oil, just as it takes a long time to turn a super tanker. We have to start somewhere, and by investing in, and supporting companies like SSEV, maybe we can at least get the super tanker from the Middle East turned around, and headed back there.
Of course I also want to make money on the stock.
JMHO,
SpongeBath
400,000,000 X .0025 = $1,000,000.
1,000,000 divided by 100 is $10,000.
So you are saying that Baron is worth less than $10,000?
SpongeBath