James Monroe Capital Corp (JMON)

[ddragon]

Let me try to explain: sublime is correct. The key date is the ex-date, which has yet to be determined. You have to own the JMCP stock before the ex-date. You can't sell JMCP stock until after the payout of the dividend. I have stock that has payed a dividend or F/S and the ex-date is all that matters. Like Mr. Moffett said: There is good news and not so good news. The good news: You will get 1 share of ONYI for every 2010 shares you own of JMCP on the ex-date. The shares of ONYI stock you will receive will be restricted shares that you will not be able to sell for 1 or 2 years. That is so everyone doesn't sell all their ONYI shares after the dividend. Keeps the share price up. You still have your JMCP shares. Not so good news: The future value of JMCP shares may not go up. Could just fade away, but possibly be a shell company for future mergers. You can sell those shares however for the share price. This is kind of like a R/S but you are getting a better value stock, (ONYI), which we hope will rise with what the company is doing.
But we still get to keep our JMCP shares. If you did a 2010 R/S for JMCP shares our stock price would be around .20 a share but you would own a lot less shares and no guarantee that it would go higher. Instead we are getting a stock that today is worth .77 and should go up. We can also buy more shares ONYI. Hope this helps. JMO