Replies to post #27669 on JNS Holding Corp (JNSH)

[liable]

Anyone not wanting to be part of a split, I guess.

Determining Your Basis
When you receive additional shares as a result of a non-taxable stock dividend or split, your total basis in your stock remains the same. The basis is divided among the shares you already owned and the new shares in proportion to the value of the shares. In the usual case, where the new shares are exactly the same as the old ones, the value is the same, and basis is allocated equally to each share.

Example: You own 400 shares of XYZ with a basis of $33 per share (total basis of $13,200). XYZ declares a 10% stock dividend. You receive 40 additional shares and now own a total of 440 shares. Your total basis is unchanged, so your basis per share is now $13,200 divided by 440, or $30.

Example: You own 150 shares of ABC with a basis of $24 per share, and another 100 shares of ABC with a basis of $28 per share. The stock splits 2-for-1. After the split, you own 300 shares with a basis of $12 per share, and 200 shares with a basis of $14 per share. (This is true even if you receive a single certificate representing your 250 new shares.)


http://www.fairmark.com/capgain/basis/splits.htm

[weatherdude]

I dunno but people are selling...At least from the looks of things something is up. Possibly the tree is being shaken by MM's but this is a bummer either way...

[FogCity]

Just a thought...

Not everyone is reading this board. Based on the 2/4 news release, as long as your are the stockholder by this past Monday, you will get dividend by 2/29. Therefore, people who think they got dividend already may have sold? Again, this is just a thought.

Excerp from the release
"The Company is addressing this issue as several shareholders have contacted the Company regarding this matter; to be eligible to receive the 1 for 1 Share Dividend you must have purchased shares no later than Feb. 7, 2008 thus after settlement (3 days not including holidays or weekends) to be a shareholder of record on Feb. 11, 2008. This will entitle you to the Dividend.

All Dividend Shares will be free trading and will be distributed on Feb. 29, 2008 by the Company's Transfer Agent"