The Golden Lounge

[CheezyTang]

Jim,
There is a discussion about an EQBM dividend that most think they will have to hold their stock until december 15th.

here is a paragraph from the PR.

Also, after announcing the dividend and warrants of SOMA payable to Equitable Mining Corp. (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com) shareholders of record date December 1, 2006, SOMA has received approval from the NASD to proceed.

link: http://biz.yahoo.com/prnews/061127/to400.html?.v=9

here is from knobias:


EQBM: Goes Ex-Dividend Wednesday, Nov 29; SPIN-OFF

TUESDAY , NOVEMBER 28, 2006 07:00 AM



According to the NASDAQ Dividend List, Equitable Mining Corp (OTC: EQBM) are expected to go ex-dividend on November 29, 2006. This SPIN-OFF dividend was originally declared on November 24, 2006.

DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
11/24/2006 11/29/2006 12/01/2006 12/15/2006

AMOUNT: SPIN-OFF
FREQUENCY: N/A
CHANGE: N/A
ADDITIONAL INFO: +One restricted unit (consisting of one share of Soma Petroleum Limited & 2 warrants) for every 50 shares held. Will not be quoted Ex.

Knobias may issue additional reminder alerts to track the important dates surrounding this corporate action.

link: http://tinyurl.com/yddjy9

in your professional opinion, when did a shareholder need to have purchased the stock to get the divy, and when can that shareholder sell without losing the divy...

AND, finally..

if you sell after the record date of 12/01/2006, do you forfeit your dividend and transfer ownership of said dividend to the buyer of your stock? ~~~~> i have NEVER heard of having to forfeit your divy when you sell AFTER the record date. to me the Pay date is just that...the day you expect it in your account.

I think there is some misinformation on the EQBM board, telling some to hold until the 12/15/06 pay date to be sure they get it.

your thoughts?

Thank you,
Dan