chopper88, In stocks you never loose any money until you sell, so if you still have the shares hold on to them because soon now the price will be higher than you paid John
GM Chopper and All FFGOrs! Chopper, if you have not sold and did not take the loss, you should qualify for the dividend, as I continue to believe it will be a date in the future. We are all waiting for the "Record Date" and "Pay Date."
NOTE: The ".0239" is NOT A CASH DIVIDEND. I do not want you to get confused.
The post Below should be helpful.
GL!
GOOO FFGO!
V
Posted by: Vianna Date: Sunday, January 25, 2009 7:43:32 PM In reply to: Brad S who wrote msg# 68434 Post # of 68796
(*Note - FFGO O/S will be 27B. At the moment, it is 31B, pending 4.5B shares to be cancelled.)
"The Company will receive an amount of US$645,613,390 in Hurasu shares of Common Stock; all to be distributed to its stockholders as an Extraordinary Dividend."
Regarding the price of Hurasu before their reverse split, it is $1.25. Once they do the reverse split of 10/1, their stock will open trading at $12.50. What does this mean for us relating to the dividends? Not much except to show that the stock will be trading at a nice price.
We are getting a gold stock dividend in Hurasu, a gold company, but it is restricted for 2 years. FFGO must give a value to the dividend based upon the shares outstanding (.0239/share), but realistically what matters is the price of the stock 2 years from now which is impossible to predict although I am VERY optimistic and that is why I've held. Two years goes by quickly and the outlook for GOLD is BRIGHT!
When you ultimately receive these dividends in your trading accounts, since there is a restriction, you will not see a $ value attached to it until 2 years from the pay date when it becomes unrestricted.
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