Friday, August 28, 2015 11:37:15 AM
"CBDS has been informed by FINRA that FINRA continues to review documents relevant to the spin-off but that the record date will not change even though it is now in the past. FINRA will post information about the spin-off on its site once its review is completed and the pay date or the date the KUSH shares will be mailed out has been determined. FINRA has also determined that there will be no ex-dividend date since the KUSH shares are not free trading. Shareholders entitled to the dividend are shareholders of record on the record date and CBDS is not aware of how and when a particular stock purchase will give the purchaser the status of being a shareholder on the record date. Stock brokers and transfer agents are the professionals in those areas."
My broker told me that a 3-day settlement period does not apply here, that if someone held stock three business days prior to the 25th and sold before the market closed on the 25th they will not qualify for the KUSH shares, and if someone purchased stock on the 25th and sold on the 26th they will.
Recent CBDS News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/17/2024 04:40:50 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 01:56:45 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/14/2024 07:26:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:58:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:34:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:44:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:24:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 06:46:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 06:39:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 06:22:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 05:09:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/07/2024 08:05:49 PM
- Form 144/A - Report of proposed sale of securities: [Amend] • Edgar (US Regulatory) • 02/06/2024 08:19:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/01/2024 12:01:39 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:08:10 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 04:21:57 PM
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