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Re: janice shell post# 32142

Wednesday, 09/09/2015 9:16:40 AM

Wednesday, September 09, 2015 9:16:40 AM

Post# of 54940
Yes there is nothing simple. Because NOBLIS sold before the exdivy date, they need to pay a due bill per law. In this case it backfired, since share price was lower than divy price. It is actually that simple. The due bill is there to protect other shareholders from certain shareholders selling while everyone is holding. If NOBLIS was selling, they should have got the due bill, not COR.

That said company could still be a scam. However, the due bill should have been charged. The company should have placed a restriction on newly minted shares unless that had already given warrants for unrestricted conversion to shares.

If I am in tdameritrade. I sell shares prior to divy date. Tdameritrade gets a due bill. They will make me pay. Not the company. It is as simple as that.