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Wednesday, February 07, 2007 10:53:05 AM
< many here think the seller would still be entitled to the divy. They might be right, I have doubts since the SEC states otherwise. However, this is still a pink sheet stock, so they might be able to do what they want. >
That might make the most sense yet. A pink sheet, not bound by the SEC.
However, It has been reported here that the USSE-ONYI merger will be done first, then the SPC spinoff and Dividend. So, at the time of the Dividend, USSE will be a reporting company and thus bound by SEC rules.
This is a very complicated and uncertain topic. We might just have to wait for USSE to publicly clarify. I apologize to the board for posting it again. I am just trying to grasp my situation here, so that I can figure out my optimal choices here (either I will own shares of SPC, or I will not).
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