Regarding Divy Date... I can only share my personal experience/knowledge with this -- and my best advice is to call your broker (but often most of those you speak to have limited knowledge and don't really know until it happens):
With pinks/otc subs it depends on the company and how they choose to interpret it (as always, it's ever-changing, right? lol). Tomorrow should be the last day, T+3, technically; however, the divi should transfer to any new owner, as long as it is settled by the distribution date, which is normally after the ex-dividend date. On special divies though, things get more complicated: the ex-date can be AFTER the record date and the distribution date if the divi is 25% or more of the share value.
So... are shorts worried? They don't care about any of us and always wait until the last minute. We don't know the exact number of shorts either, and we don't know all the backdoor rules for covering -- even when the shorts are in fear of paying a higher price + that divy. My understanding is that if there is any significant short position, it should be covered tomorrow, but it might take up until the distribution date for liability.
BUT ABOUT THE DIVY PURCHASE DATE...DOES THE COMPANY HAVE TO STILL PAY THE DIVY?
I was in a stock long ago (don't remember the symbol, and now that I think more about it, it has happened to me twice), where the company did not pay the divi to the seller or the buyer if they did not adhere to the filings and/or PRs (and believe me, the interpretation is always very liberal, siding on the company's behalf). My conclusion: if you think the divy (1 new spinoff share for every 164 VDSC shares, est. value at IPO $1), is a decent bonus and your DD about VDSC has you believing the value can be held in the short to mid-term, then it is my opinion that one should have shares purchased by eod tomorrow.
Disclosure: I still hold the same amount of shares I did from .0066 average. Not as many as a lot of people because I don't roll in subbies that way. BUT, I think this company will put out in the next few months. That's why I'm here. ***I also believe in taking profit on the way up, because all subs are crap until proven otherwise. So shake your Magic 8-Ball and decide for yourself. GLTA
BTW: TOMORROW SHOULD BE VERY TELLING... AND UNTIL THE DISTRIBUTION DATE THERE WILL BE MANY GAMES!!! gooooooo vdsc
Warning: I Pick Stocks w/ a Magic 8 Ball. Everything I post
could be completely wrong... and occasionally offensive.
Read and absorb my insanity at your own risk.
