Liberated Syndication Inc. (fka LSYN)

[RealDutch]

I finally understand how it works now. With the spin-off dates. The company did nothing wrong, although they probably don't know it.

This is the ONLY site that explains it properly

https://www.sec.gov/answers/dividen.htm

Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.

The case against my broker will continue though, which is ongoing.