InvestorsHub Logo
Followers 2
Posts 414
Boards Moderated 0
Alias Born 03/05/2009

Re: None

Thursday, 07/30/2009 4:44:01 PM

Thursday, July 30, 2009 4:44:01 PM

Post# of 76394
Hi all, I'm a lurker and don't post much but I read all of your posts and had questions too so I called scottrade to ask about the 5:1 FS and this is what they told me, hope it helps.

I asked that if I own the stock as of July 31 can I sell before Aug 5th and still get the split? They said no, you have to own the stock as of the ex date which is Aug 5th, so to get the split you have to buy by eod tomorrow and hold it thru Aug 5th or when ever the split shows in your account then you can trade the shares. He also said that it maybe that the shares will be untradeable for a few days while they issue the new shares.