Vivid Learning Systems Inc. (fka VVDL)

[TEX]

The problem with that explanation is that it's very confusing. for instance, this part:

To determine whether you should get cash and most stock dividends, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."

and this part:

When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

That's just wrong: There's no "also use"...that's *exactly* what the record date is for... the record dates does not determine who receives a dividend.

They get it right, later, though:

This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.

and here:

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.

I'm writing the SEC about it...