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geeps20

12/02/06 9:13 PM

#12851 RE: lrice #12847

you got it all wrong


I was the one that researched the info and posted that stock divys MAY follow different rules. A stock divy over 25% distribution would have an ex dividend date after the pay out date. I posted that people would have to hold their shares until the pay out date to get the divy. Others were posting as it was a normal cash divy.

Now, according to Redwood..and the SEC stating that pinks don't have to follow SEC rules...I believe JR can handle the divy the way he wishes.



geeps20

12/02/06 9:38 PM

#12854 RE: lrice #12847

This is just false info Larice


"repeated postings for a week

1. that people could sell on the 29th, 30th etc and still get divi"


Never said that...actually posted the opposite. From my postings:

"IMO< USSP will have to find another shell company. Also read my last post about the dividend...this could be very different because it's a stock divy, not cash. Anyone who sells their USSE shares after Dec 1, before the actual divy pay-out..might not get the divy."


"However, stock dividends may be different..all depends on how the company handles it. Shares might have to be held up to the actual dividend pay-out...meaning if you sell after Dec 1, and before the pay out date, you don't get the divy. We need more info from the company."


Now, because of the fact that pinks don't have to follow SEC rules...it's all up to JR how he wants to handle it. He could just go by the shareholder record list on Dec 1...or he could make the ex divy date the day after pay out date of the divy.

king oil

12/02/06 9:51 PM

#12855 RE: lrice #12847

please stop the attitude that your posts deserve to remain and others deserve to be deleted. 99% of what is posted here is opinion, not fact.