Grifco Inc (GFCI)

[Dr Bill]

Tom Preston: The way it works is that if you own the stock as of the record
date (today, March 22), you will get the special dividend. But you can keep
trading the stock, buying and selling, as long as you are long on the exdividend
date.
Tom Preston: If you buy the stock after the record date but before the exdividend
date, you will get a sort of “when issued” receipt for the dividend
Tom Preston: If you are long on the record date but not long on the exdividend
date, you will get a due bill for the dividend amount.
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To me, this means that the record date is irrelevant. You can buy three days before the exdiv date, and still get the dividend. Another SNAFU from Grifco?

Don't forget that if anyone really is short on Grifco and to the amounts anywhere near what some are suggesting, that they are pros, and that they know every possible way around the rules, they know more about the market and trading than Jim Dial and or Ed Leonard will ever know.....

This is why I'm pushing for a cash dividend, annouced as the record date, and payable within a few days of the record date. It would only take a penny per share and you would quickly find out if there was a large short conspiracy here. You can argue about special dividends of shares, and whatnot, but you can't argue with cold hard cash.....


Issue a cash dividend Jim Dial. Please!