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Thursday, October 07, 2010 10:38:07 AM
Hoping for a rise in price over the next week. But then the dilemma to convert or not to convert.
I don't think Ken has made it very clear what the overall plan is to his shareholders and this makes it very confusing.
Quick plug for my broker - Choicetrade - great company, great customer service, $5 trades, never restricted on a penny stock.
Per my discussion with representatives at Choicetrade and their clearinghouse, Penson Financial Services, they are well aware of SDVI and Grafiti Entertainment.
They said the ex-date is next Friday, October 15th and they are prepared to issue the dividend shares. These shares in Grafiti entertainment will be in a private company and not readily tradeable.
I guess this is where the IPO comes in. Once Grafiti gets their house in order, they will complete the IPO and the shares will be tradeable. They did not have a date on this yet.
They did say they could trade my shares on the Frankfurt exchange but it would be $30 a trade. I feel there will be large blocks sold as people will not want to pay $30 over and over. Could be volatile when she opens some day.
All just food for thought.
Here is to a good rise over the next week.
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