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Re: StockFit post# 504

Monday, 03/18/2019 7:11:00 PM

Monday, March 18, 2019 7:11:00 PM

Post# of 1135
News will be released announcing the "record date" and "ex-dividend date" for the SQCC dividends. The news will probably be good for, at least, a short-term PUMP in share price for M Line.

M Line will be issuing a dividend to its shareholders of a total of 50,000,000 of its shares in SQCC, approximately one share for every 150 shares of common stock of M Line shareholders.


What happens to the share price of M Line AFTER people receive the SQCC dividends is anybody's guess. Personally, I wouldn't be too surprised at a DUMP of many M Line shares however.

GLTY

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

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.


My posts are JMOs and musings!! “You can’t trust anyone...most penny stocks are scams that are created to enrich insiders.” said Timothy Sykes. Buyers beware. ;-)