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Re: GioMustang post# 15063

Friday, 12/31/2010 1:56:31 AM

Friday, December 31, 2010 1:56:31 AM

Post# of 129051

you all seem awfully confident that tommorow we will wake up to a golden press release of free money,causing a huge run up or what?was there something i missed?Also if they say there going through with it wasnt their talk that you had to buy like 2days ago for funds to have settled and thus be a offical holder on the 31st?thus meaning no run up tommmorow?


Well I was implying that there will be a press release because they previously announced the 31st as the record date. If it is not the record they would have to announce that as well.

The posts I wrote strongly worded that settled funds and record date are two different rules. The transfer agent makes a list provided by all the brokers (collected Friday) along with the number of shares held. The list will be used to distribute dividends and warrants.

Settled funds determine your ability to buy/sell. It would be absurd to argue the ownership when you buy/sell --- profits and ownership traded immediately with the buy/sell action.

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