$heff's $tation of $tocks & $olid DD

[tech2u]

I have a question....

I posted this on the UDHC board but got no responce.


I don't know if it is even possible, but....

A company decides to give out a 2 for 1 dividend,
and on the date that you needed to hold shares to receive the dividend, due to shorts, people held more than the float? So all the people that held received the divy thus even more share being issued. Who would be responsible?


Not sure if I explained that very well but I'm not really sure how to put it.

Say a float of 5 mil, on the date required for the divy, people actually held 6 mil.

So now all the people that held deserved the divy, but there were too many shares out.
If that is possible who would be responsible?

TIA

M