GS EnviroServices (fka GSEN)

[Buckey]

The simple explanation is that behind the scenes a record date is set. At that point in time the shareholders of record are determined. There is some electronice process that occurs similar to a NOBO request but maybe an OBO request also. besically at that point at the close of businees last Friday that list was accumulated. However if the X date was not today then after that date you have a "due bill" attached to each share. If you sell you sell with "due bills attached" that is the right to the divvy. I bought today and I will never be on the Sharholder list.

Jim Bishop likel;y has a bookmark with a better explanation. AGAIN - the record date ONLY means something if the divvy is declared with no x date noted and the spefici term " Will not be quoted Ex"

here is a rare exmaple of a divvy with no X date ( note this one was actually paid but is worthless)
http://www.otcbb.com/asp/dividend.asp?sym_id=HVLN&dDate=12/31/2006&sDateType=Record_date

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Investing is for those who don't know how to trade