I think you are either intentionally trying to distort facts, or English might be your second language. In any case, here is is straight from the press release, anyone buying today will not have the trade settled by the 15th.
Prime Restaurants, Inc. Board of Directors Approves a 3 for 1 Stock Dividend
Tuesday , July 31, 2007 11:06ET
FT. MYERS, FL -- (MARKET WIRE) -- 07/31/07 -- Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that its Board of Directors has approved a 3 for 1 stock dividend.
The dividend will be paid to common shareholders only of record on August 15, 2007 and payable in unrestricted free trading common shares on August 29, 2007. Each common shareholder will receive 3 shares for every 1 share owned on the record date and payable as indicated.
The 3 for 1 common share dividend will not apply to management's restricted shares and will only be payable to the public common shareholders.
"The company is taking this action to increase the visibility and liquidity of the company within the investment community," said Cris Galo, President.
The current share structure of the company is 30,200,000 outstanding of which 24,236,802 are restricted for two years and in management's control, leaving 5,963,198 in the public float.
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