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Friday, September 17, 2010 11:27:50 AM
My guess is that the day of the announcement (of the effective date) will be the effective date.
If you have 1,000,000 shares of BEHL, you will still keep your million shares of BEHL as BEHL will still be a viable company, however you will pick up 100,000 divident shares of BNPD as well.
The way I look at it is what happened here is a good thing, not a bad thing. BEHL will still get their monthly payment of $75,000 as well.
Not a bad deal for the shareholders.
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