Nobody have gotten their shares yet. I believe it was about a month or close last time. They have to sort out who is entitled to shares and how many shares for each person. I believe that it is the transfer agent who does this and then it sends them to the broker under a cuspid number that shows up in your account. Either 6 months or a year after that, they will become tradeable shares.
I wouldn't hold my breath about getting dividend shares for the spinoff
There is pretty much zero chance that FINRA approves a dividend
And even if a miracle happens and FINRA does approve a dividend for the spinoff, LOFB is a former shell that isn't registered with the SEC. That means that any new LOFB stock created can never become free trading without being registered with the SEC through an S-1 registration statement.
You'd basically just be getting a wall decoration if you ask for your shares in certificate form.
I'm sure Larry Twombly and James Frack are very grateful though for all the people they duped into buying VGID back in the day because of their bogus dividend promise while they simultaneously dumped well over 1 billion shares into the market killing the VGID share price in the promise.
The fact that your LOFB CEO, Michael Boris, treats potential shareholders like this is pretty telling too. He obviously fits right in with Twombly and Frack
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