Cannabis Science Inc (fka CBIS)

[DouglasJH]

Again, you do not need settled accounts in order to be a shareholder. You do not need to hold the stock 1 day, 2 days, 3 days, or even 90 days to be a holder of record on the 31st.

Believe me, it is as simple as it sounds. You only need one share in your account at the close of the 31st to be a "CBIS Shareholder".

Investopedia explains Record Date:

On the record date, a company looks to see who its shareholders or "holders of record" are. Essentially, a date of record ensures the dividend checks get sent to the right people.

Okay, so what that means is there are no dividend checks or shares going out on the 31st. CBIS has already PR'd the fact that they will take the "list" collected on the the 31st, and mail all the shareholders of the actions to create a new class of shares.


Sorry for posting from the SEC site, it was a bit confusing because there are many different ways to pay dividends. I used the SEC page cause I thought it would be definative.

There was no language from the SEC page that stated a rule of settled transactions was needed to be a "holder of record."