Sylios Corp. (fka UNGS)

[29YEARINVESTOR]

Cash dividends and stock dividends have different rules. Believe me I found this out the hard way. I owned about 300 million UNGS shares right before the dividend. I sold about 120 million of my UNGS shares for 100 to 200% profit or About $26,000 before the dividend payment date. I missed those divvies on the shares I sold Hindsight those extra 240,000 dividends would be worth
$176,400 @ .735 a share. That was GCAN's high yesterday.


https://www.investor.gov/additional-resources/general-resources/glossary/ex-dividend-dates-when-are-you-entitled-stock-cash


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. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.


what this tells me is two things 1st ya had to buy 3 days before record date 1-31-17 to qualify. 2nd if ya sold before or on Payment date 2-13-17 you sold your dividend away to the buyer of those shares.

Important Dates:
Record Date-February 3, 2017
Ex-Dividend Date- February 1, 2017
Payment Date- February 13, 2017
Who gets shares of GCC?
Holders of Sylios Corp common stock, (OTC Pink: UNGS), as of the close of business January 31, 2017.
If I buy shares of Sylios Corp on February 1, 2017 or after will I receive shares of GCC?
No.
How many shares will I receive?
You will receive 1 share of common stock of GCC for every 500 shares of common stock you own of UNGS.

Bottom Line whether a dividend is cash or a stock dividend to be safe.
I now always buy 3 business days before the record date and hold one business day after the payment date
I hope this helps someone not make the same mistakes I've made!