Monday, November 17, 2014 12:56:07 PM
The PR said it would take 30 to 60 days to get a stock symbol and the OK from the SEC to start trading. After that, the MCIG Board of Directors has to formally declare the dividend. It's only once there is a formal declaration and the OTC Market agrees to list the shares that the XDATE can be set by the OTC market. This will be at least 30 to 60 days after the PR was released.
We're probably looking at mid-December or early January for an ex-dividend date and I'd be surprised if we start trading before the 1st of the year. If so, it will probably be to our advantage since we won't owe tax on the dividend until 2016.
We're probably looking at mid-December or early January for an ex-dividend date and I'd be surprised if we start trading before the 1st of the year. If so, it will probably be to our advantage since we won't owe tax on the dividend until 2016.
Les
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