Calissio Resources Group Inc (CRGP)

[DiscoveryStock]

A little more history for new investors.

Back in 2015 a dividend was declared, ex-date 6/30. Payment date August 19 (around that date). Note holders continued dumping, cleared by COR clearing.

Payment date came and WHAM! Dividend was distributed to all shareholders as of August 19. Rules of the exchange indicated that if dividend is higher than 25% of the value of the stock, the ex-date is the date of the payment.

Company paid like $300K. But there was a hole, a big one. DTC took $4 million from COR and $1 million from Alpine and distributed to shareholders.

Big surprise for COR - whose work is to review and clear- and their noteholders but not for a few savvy investors in iHub.

If that was weird, wait to hear that DTC gave the money to brokers to distribute. E-Trade didn't do it. Got the money and the instructions but argued and complained for 3 months until they finally distributed the money. Why? Did they have another hole to cover?