Interups Inc (ITUP)

[RealDutch]

Karlacorn, there is a more recent update from Oct 15. It's also a sticky.

(h) Dividend Payout -- We are still waiting for shareholders data from Cede & Co as it has masked market participants stock details. We have engaged a service provider who should answer us back this Monday on when they will be able to provide us complete data. From the time and date we receive this update, we will be needing 14 days for Board Approval + 10 days Finra. Assuming we get updated with data on Monday/Tuesday, this means 24 days from 17/18 October which is 10/11 November. We are delayed by 1 month but this is purely on technical grounds.

Now, I still don't know what they want with the NOBO list but it is not that important (hopefully).

The only thing that matters to you (or us), when it comes to dividends, is the FINRA Daily List.
https://otce.finra.org/otce/dailyList

Here you can find the official announcements for dividends as processed by FINRA for the whole of OTC. They will announce Record Date, Pay-Date, Ex-Dividend Date, dividend amount and more.

When should we expect it? A couple of days before the Record Date if..... the value of the dividend is less than 25% of the market cap. For large dividends over 25% the announcement could come later as different rules apply. That is why it is even more important to keep track of this list because it ain't official until it is official.

Assuming... that ITUP is following the usual procedures with FINRA etc. and that seems to be the case.

Now, FINRA does make mistakes sometimes and changes the dates but it is a rare occasion. In that case the exchange rules are leading, which they have to follow.

I don't think you have to check the FINRA Daily List every hour of the day. There are people (traders) who already do that. And I'm sure someone will post it on this message board when the dividend is announced by FINRA.

I hope that settles it.