Replies to post #298 on Global Medical Products Holdings Inc (GMDP)

[novicetrader]

Chambers..if you could just clarify this doubt of mine.In the example that you gave(company XYZ dividend payable Sept.10),suppose someone bought on Aug 2 and sold on Sept 5,wouldn't they still get the dividend?
Thanks

[sbc357]

Sorry about the belated reply. My computer locked up so I have been doing scandisk and defrag and, in the mean time, have been talking with the re-organization team of my broker. Very arrogant attitude and they say "if bought before ex-div and held through ex-div, then will have all rights to the distribution of the shares of the other compnay". However, they REFUSED to look at the sec document you provided (excellent DD, by the way, KUDOS!), so I am still uncertain and still think you may be correct. I will continue to investigate and when I know for sure, I'll get back with you.

As for the reverse split, thanks for your thoughts. I sure hope not, RSs sure leave an AWFUL taste in the shareholders' mouths. BLAH!!!