Arvana Inc. (AVNI)

[Lucky_Luciano]

Stock Split 3 for 1

Did you get your shares yet, Bob? I have not, but I got this response from my broker:

"Thank you for your message regarding AVNI.
We estimate that these shares will be fully reflected in your account by Tuesday or Wednesday of next week. I apologize for any inconvenience."

It actually sounds more like a dividend to me, which can be paid in shares. I wonder if their PRs are just misleading and it's actually a dividend? How can there be a record date for a stock split? That makes no sense. This implies that anybody that purchased the shares last week would not get additional shares if they weren't a shareholder on March 31st. That's impossible for a real stock split. Everybody goes through a true stock split.

If it's a dividend, then the price wouldn't necessarily split. Unless it just does because of an "efficiency" priced into markets. It almost sounds like in theory that you could have sold all shares at any time in April, but still get 2 shares for every one you had before as long as you sold after March 31st. None of it makes sense to me.