Paychest Inc (PYCT)

[poopscooper]

Isn't the delay due to the fact they want it free trading,rather than the usual restricted dividend (cannot be sold for at least a year or more),.

lol it's is in the shareholders' best interest to be freetrading..

It's like you say Laker can't do 1 for 200 reverse split with a restricted divi but if it's free trading then they and the shareholder could sell them.
But I'm sure another letter will be sent out instructing all 6500 to buy and or hold that divi...


The dividend is intended to be free trading stock rather than the usual restricted dividend (cannot be sold for at least a year or more), and that is reason for the delay. We feel that the small delay is in the shareholders' best interest. We do anticipate announcing an ex-dividend date within the next few weeks.

http://ih.advfn.com/p.php?pid=nmona&cb=1224692520&article=28209625&symbol=NO%5EPYCT