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Thursday, June 30, 2022 10:14:51 AM
Its kind of like explaining Chines arithmetic so here is a link that does it well.
https://www.fool.com/investing/how-to-invest/stocks/stock-split/
Record date: This is an important date when it comes to accounting, but it isn't terribly important for investors to know. The record date is when existing shareholders need to own the stock in order to be eligible to receive new shares created by a stock split. However, if you buy or sell shares between the record date and the effective date, the right to the new shares transfers.
In short, anyone owning/holding shares @ Tuesday's (28th) close will receive the 3 for 1.
This guy walks up to me at the horse track... As I placed my bet he scoffed at my pick. ....Then offered to by my ticket for half price..
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