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Wednesday, February 07, 2007 4:06:31 AM
< 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. >
If I interpret the above passage from the SEC correctly, current sellers of USSE not only are getting rid of a great company, but they are also losing potential money in 2 other ways:
1.) They lose out on the extra .3 ONYI shares they would have gotten for each USSE they sell.
2.) They also lose out on potential SPC (1-1) shares, since they have to provide SPC shares to the buyer of their USSE shares.
Selling USSE currently is very expensive. Very hard to believe USSE is down.
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