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mickeynu

05/02/07 9:51 AM

#40675 RE: rlfb06 #40674

Well, that's what it looks like to me too...

"If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."

And would make sense...now, can we all just calm down and see what happens?...I have a feeling this issue will work out...had the ex-date been prior to 12/1, I think you would be right, but since the ex-date (according to a prior post here) is in May, everyone who bought post 12/1 should be OK...
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clu82

05/02/07 10:14 AM

#40682 RE: rlfb06 #40674

Nobody was supposed to get a divi in USSE. That's the problem.

I wouldn't be surprised if dozens of lawsuits are ready to be filed by now.