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Re: CaptainJim post# 15158

Thursday, 04/15/2010 11:46:00 AM

Thursday, April 15, 2010 11:46:00 AM

Post# of 42439
CaptainJim-- Sorry to have to press this point, but you're the one who's mis-informed--I am not spreading lies.
The Artfest press release stated "shareholders of record on April 15, 2010" --that means you would have to have bought the shares in time for the trade to settle, which occurs 3 business days after the trade. Just because the shares show up in your account the moment you 'buy' them doesn't mean that you actually are a registered owner of those shares at that time--you won't be a 'shareholder of record' until the date of settlement. That's the word straight from my broker.
This was addressed Monday as well by others on this board---for example, SkyHigh2 (post 14941, Monday 4/12/10 at 11:53am):
"You need to buy today in order for the trade to be settled on the 15th. If you buy tomorrow, the trade won't be settled until the 16th and you will NOT be a shareholder of record on the 15th."

GL to you

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