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Wednesday, September 23, 2015 4:15:40 PM
No. What happened was that $1.3 million had been paid by the company to cover dividends owed to shareholders of record as of 30 June. But between 30 June and 19 August, the ex date, the company issued (at least) hundreds of millions of shares to Nobilis and Beaufort.
COR argued that it was "understood" that those shares were not eligible for the dividend; "Adam Carter" agreed, saying a "glitch" had occurred. DTCC didn't think so, and billed COR $4 million.
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