InvestorsHub Logo
Followers 13
Posts 1737
Boards Moderated 0
Alias Born 06/09/2011

Re: Danbar post# 142298

Sunday, 08/14/2011 5:43:30 PM

Sunday, August 14, 2011 5:43:30 PM

Post# of 157004
Actually, Danbar, you probably WILL get the shares. The two replies you received stating that you probably will not get them failed to realize that the record date takes into account SETTLED trades, both purchased and SOLD.

I called my broker and they told me that the "three-day settlement rule" applies to both purchases AND sales, meaning your sale will not RECORD until two days later. So the person who BOUGHT the shares you SOLD on the 29th will NOT get the GoCom shares and you WILL, at least according to those rules.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.