Replies to post #30747 on Calissio Resources Group Inc (CRGP)

[Jugas]

Well, according to every broker that was contacted, because it was a special cash divi over 25% of the stocks value, everyone was qualified if you held through August 18th.

[supermandwc]

The 25% rule says otherwise. It says the ex date is what matters essentially and not the record date. The 25% rule is why we all got the dividend. Do you disagree with that? It is pretty cut and dry given the 25% rule.

[Nate19]

Sorry lilly, entirely incorrect. Read FiNRA rule 11140 b 2.

[shajandr]

"only those who owned crgp prior to june 30 are entitled to cash divi"

No, not if the dividend was an illegal dividend. In that case, ALL dividend recipients would be required to repay the dividend.

IMO, that will likely be the case here.

[zazookaz]

25% rule is the LAW!!! good luck covering @ $2.50/ share!!!