Sunday, October 24, 2010 2:33:45 PM
The Dividend date determined for shareholders of record of BEHL will be the end of the trading day, December 17th, 2010.
Well that is not true completely, at the end of trading day if your shares purchased have settled then yes, you will receive the dividend. If you buy shares up until the end of the trading day on the 17th and they have not settled during the course of the normal three day period of time…well you are not getting anything. It is another omission that is conveniently not detailed in the PR. So you will see buying up until that point and holding through the weekend, come open on Monday morning all of these people who decide they qualified for the dividend will now dump onto the market shares for a tax write off if they have losses.
Not so fast, see in order for a trade to occur there has to someone willing to pay the price, IE complete the trade. First who is going to buy shares when they are not going to qualify for a “dividend” on Monday? How many people do you really think are going to be lined up on the Bid and buying from the Ask? Volume is typically very low to almost non existent. Who are you going to sell to, to get that “tax write off”?
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