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don't know anything about the company or stock, but in the case of a " bk case dismissed" the Q will drop off tomorrow and it will continue to trade. company may not exist anymore but ya still got a shell and it will trade. hell, have seen these run 1000% on a bk case dismissed.
it didn't say this
"Plan of Bankruptcy effective. Shares have been cancelled. Deletion time: 9:47:57 **"
XMDCQ loses the Q tomorrow 3/16, BK case dismissed
16:34 3/16/2012 XMDCQ XMDC XTend Medical Corporation Common Stock Bankruptcy case dismissed**
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/15/2012&mkt_ctg=ALL
this is from the SEC
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend
http://www.sec.gov/answers/dividen.htm
so lets say you sell you're shares to me the day before the exdate.
you're not only selling me the stock, you're also selling me the right to the divy(split in this case)
turn it around
If you buy your stock before the ex-dividend date, you also are buying your right to the stock dividend
there's no mention of the 3 days to settle rule. it doesn't apply
well, I've been playing/watching splits-divys for 12 yrs now and have never gone wrong by owning the day before the exdate at the close.
3 days to settle does not apply!
now, I have seen some brokers in the past screw their people because they think the 3 day rule does apply. has never happened with TDA.
thats a broker problem and broker needs to be schooled up.
I've also seen peop not get divys-splits because they didn't own it on the right day.
splits, divys cash or stock, less than 25%, or 25% or greater. their all the same.
own it the day before the exdate at the close and you get the divy.
its really simple, but ya gotta know what the exdate is. we don't.
I would agree with that, except 3 days to settle does not apply.
only important date is the exdate, own it the day before at the close and you will get the divy(split). I don't care when ya buy it.
a stock is said to trade "cum-dividend"(with the divy attached) once it is announced. it will trade that way between the rec date and xdate.
you buy it on 2/29 and hold it through the xdate you will get the split.
you sell it, between those dates,you are also selling your right to the divy away
you buy it, between those dates,you are also buying the right to the divy.
its not 533k now, its app 106 mil now, will be 533,611 after RS
its in the 8K LOI
I wouldn't go so far as to say "many" but in the last couple months there's been 5-10 of em. pre-split owners shares will prolly be locked up for weeks. float will be tiny. could easily take off.
see if it gets the ol ihub D stock pump. lol
PHIE 1-1500 RS tomorrow 3/15
09:52 3/15/2012 PHIE PHI GROUP, INC. Common Stock PHILD PHI GROUP, INC. NEW Common Stock 1-1,500 R/S **
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/14/2012&mkt_ctg=ALL
that was quick
533,611 OS from 8K. sorry, the 566k from prev post should be 533K
mergers-reverse splits go hand in hand. my thoughts, cxto is doing a 1 for 1 exchange with PH. in order to do that cxto needs to get their OS down to match PH OS. guessing ph OS is app 566k, hence the 1-200 rs.
cxto is a fully reporting and up to date SEC filer. will take FINRA app 2-4 weeks to approve the split. got plenty of time if they want this done by 4/15. prolly in the works already. could happen anytime.
only thing I can see that might nix the RS is the merger not happening.
150% sure, google it
D is on for at least 20 business days. xdate was 2/21. 20 bus days is 3/19
thx, thats why I say, might be awhile. FINRA requests info - company gives it to em - FINRA reviews it and asks for more. keep going back and forth till FINRA is satisfied. at least the company is letting us know whats happening.
VAEVD losing the D tomorrow 3/9
13:09 3/9/2012 VAEVD Vanity Events Holding, Inc. NEW Common Stock VAEV Vanity Events Holding, Inc. Common Stock **
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/08/2012&mkt_ctg=ALL
if FINRA can condense what normally takes them 2-3 months to do in to 3 weeks, it'd be a freaking miracle.
makes no sense to me! how could FINRA have already approved this split if the info was just sent to them today?
I have my doubts that 3/30 works out as paydate. guess we wait and see.
yeah, looked it up, thx, don't think FINRA will deal with the TA tho, they deal with the company.
who's Broadridge?
most companys are busy running a business, they don't have a clue what it takes to do a split. especially if its their first. but , they'll figure it out.
if FINRA doesn't approve it, it doesn't happen.
I see no reason here for FINRA not to approve this split.
gonna be a while tho, I figure.
no if's and's or but's about it. they're giving you 2 shares, thats 200%, greater than 25%.
we are waiting for FINRA to approve it and set an ex-date.
in this case, 3-1 FS, it would fall under no. 2 (25% or greater) which would make the ex-date the day after the paydate, both being after the record date.
you must own it the day before the ex-date at the close to get the split. I don't care when ya buy it.
3 day rule to settle does not apply.
at this point we don't know when the ex-date is or the paydate.
yeah, ya know, you're right. that makes sense. but why twice in 3 months.
another AS increase????
once its approved it will show up on the daily list and usually split the nest day. (today)
not sure when they actually notified FINRA of the split but board approved the split on 2/7, I believe. thats 3 weeks. are they OTCBB? I see they are fully reporting to the Sec and up to date. FINRA quicker on reporting companys, guessing cause they have the info they need in filings. non-reporting pinkies been taking 2-3 months to get approved.
last post, like I said, thats his MO, sarts up a company, files a few filings and quits and disappears(sells) takes years for the Sec to catch up, by the time they revoke it he's gone!! bye bye
same as me. see ya in a couple months. hope that divy and IPO work out with a delinquent filer. LOL
you're the one that knows them 7 companys! give up the symbols! the last one, falcon was revoked! that's a fact!
OK, I've had my fun, I'll ck in in a couple month's, see how that divy and IPO is doing! filings seem to be caput.
so, ya need to go to page 2 huh? too funny
all I can say to that is the Sec is pretty slow, or at least they used to be!
seems to be his MO. start up a new company, put out a few 10Q's maybe a 10K and then quit filing and wait for the Sec to revoke the registration!!
what is it now, 7 companys he's been involved with and none of them are publicly trading anymore?
am I wrong there? please correct me if I am
who you trying to kid? it's not working on me!! I been watching the daily list every day, wondering why I have GTGP on my list. figured it out. expecting to see GTGP - Registration Revoked - for not filing!!!!!!!
yeah, all the time, and they come out as 10 Q/a or 10K/a. but they gotta be filed first!!!!!!!!! DUH
where's the 10Q's and the 10K's????????? LOL
yeah, and what's that sposed to tell me? the last filing was for 9/30/07!!!!!!!!!!!!!! LOL
that's 4+ yrs, gimme a break!
Sec doesn't review em before they put em out, company files em and they're out there for all to see. IF there's a problem the Sec notify's the company and they come out with a 10Q/A or a 10K/A.
they haven't been filed!!!!!!!!!!!
they were waiting on the Sec to review the last Q they filed, I'm guessing it was OK
from 07. LOL
it's been over 2 months now (12/23), haven't been paying too much attension. how's that divy coming? what about the IPO? how bout them 4 plus yrs of deliquent filings? anything new going on here?
Sec suspension, then registration revoked! hows that sound?
bye bye PGIE
never said it wasn't! but I'm guessing once the split happens that will change for a while.
you also want to stay away from any brokers that clear through Penson. Penson hits you with all kinds of additional charges on top of the non-DTC eligible charges (which come from the TA).