Deep Blue Marine (DPBE)

[jrf30]

As I mentioned as I did it, I bought a fair amount of shares (More than the number you mentioned) on the announcment. Then, I sold some off on Monday and took a nice profit. I sold some more on the 3rd, again taking a nice profit. the rest (Still more than that number, but I"m not willing at this time to say exactly how many) I sold right after the 3rd.

So I'll get some of the shares of ORRV for holding through the 3rd. AND ... I am HOPING (note. this is a hope, and not a known fact, depending on how WIlf does the dividend) that some iformation was wrong earlier, and even the shares i sold on the 3rd WILL get the dividend. (ANd hence those that bought on the 3rd will NOT. But, this is only a HOPE). My reasoning for that is that if Wilf gives them out "as of the 3rd" then anything sold on the 2nd or 3rd would still be IN my account on the 3rd at close, as it takes three days to settle. With "normal" dividends, if they are going to be paid on the 3rd, then they go "ex" three days before that. It means that those that buy after that ex date don't settle in time to GET them. So if Wilf gives them out "as of the close of business on the 3rd" then I SHALL get those shares, even though I sold on the 2nd and 3rd. Becaue the "ex" date would be Friday the 30th. I know not much is "normal" though with this dividend, like giving out a stock trading at more than the value of the stock giving it, so I don't know what Wilf will be able to do. If it works like he 'said" it would, and people that bought on the 3rd would get the shares, then although he didn't use the term he is really giving them out with an ex date of june 4th and I won't get those shares. I"ll wait and see, and go with whatever happens. And I held a fair amount until the 4th, just in case.

There. Does that make everything as clear as mud?

I'm out total now though. For now. I'll be back. But, I'm out, I made a nice gain, and I"ll get some dividend shares too, for a price of zero as a cost basis.