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[Wayne R]

There was a question about FFGO dividend and record date. Since I cannot post there because my posts are apparently of no value and off topic, here is the response. Believe me, no one knows divies better than I do;

record date in general is totally meaningless, unless of course it is restricted shares that will never be registered with the SEC, then a company can get away with only a record date because they are issuing shares that are basicly worthless.

The important date to know is the ex-dividend date. On pinkies the ex-dividend date can be days, weeks, or months after the record date, especially in cases where the dividend is significant.

The reasons for this are twofold. The first reason is that the transfer agent needs time to gather up all the money or shares to issue them. The second reason is that the company may issue the dividend, but it can't actually be issued until the shares are registered with the SEC.

To be honest, the longest delay I've ever seen from record date to ex date was about 8 months.

So, what happens in the 8 months between record date and ex-date? Well, you are buying and selling your stock with due bills. Despite having been a shareholder of record, on the record date, every share you sell also sells away the dividend and the buyer gets the right to the dividend.

I gues that is it in a nutshell. Many OTCBB and pinksheet companies have gone bust not understanding the rules, and I think there was a PR from FFGO stating that they had some problems understanding these rules.