InvestorsHub Logo
Followers 24
Posts 6936
Boards Moderated 1
Alias Born 02/22/2006

Re: None

Sunday, 03/12/2006 11:36:45 PM

Sunday, March 12, 2006 11:36:45 PM

Post# of 56764
Folks..surely everyone isnt still confused on the Dividend? On close...4P.M. EST March 14th, shareholders of record will recieve the perferred shares 1000 to 1 dividend. The 15th, is the ex date and is the first day that everyone can sell their shares and still get the dividend. Now if you want to hold out until Friday if you think this stock will still go up that doesn't matter. The date of record, March 17th, really has no meaning other than the list that the company recieves showing who owned the stock at close of business on the 14th so they will no who to distribute the dividend to which is sometime toward the end of March...forgot the date. Now it has also been said by Pearl since the dividend will be worth .0000001 and cant be traded at that price that they will offer a 500:1 reverse split back into common shares. In other words, if you have 1,000,000 common shares at the close of business on the 14th, then when you receive your perferred shares you will get 1,000,000,000. Then after the 500:1 reverse split back into common you will have 1,000,000 (your original shares) + 2,000,000 your reverse split conversion which would equal a total of 3,000,000 common stock shares. So take this for what it is worth...you can either collect profits on the 14th and not get a dividend or you can hold out until probably sometime in April and triple your common shares.

CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.