Replies to post #27384 on JNS Holding Corp (JNSH)

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** There is no ex-divi date issued yet, as per NASDAQ. Call them. No ex-divi on the daily list either.

What the company put out was just a date that you should buy to qualify for the divi to be paid on Feb.29. HOWEVER, according to SEC rules, the following applies: (if you find anything OFFICIALLY different, and not just your unqualified opinion...do let me know)

Sellers between Feb.7-Feb.29 LOSE their dividends.
Buyers before Feb.7 - get their divy on Feb.29
Buyers Feb.7-Feb.29 get divy (from the sellers), sometime early March.

Its all right here:
http://www.sec.gov/answers/dividen.htm

The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

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.