Replies to post #19157 on uWink Inc. (UWKI)

[Netman]

Am not saying the last trading date for the stock...
(and am not Sure if you think I /they were saying that...)

Last Time Today:
2/13 = Their 'Record Date' (the last qualifying trade date to buy the current stock) therby Purchasing Current Shares WHICH WOULD QUALIFY - for someone also RECEIVING the Tech Side Shares, on or around the 20th (uWink Interactive Shares).

See Ya...

[the big guy]

Found some definitions on Record Date that indicates Messiah might be right. Also, stocks sold after 13th definitely do not carry the spinoff shares - the share dividend. Anyway, all this means is that this slide could have occurred sooner than the 17th, if the trades had to be executed no later than the 10th as Messiah is saying..

at any rate, the shares were worth much less because they did not carry the dividend shares as I said after the 13th and showed it.

I am not sure what role ex-dividend date plays here..

in looking at various references it seems as if Record Date = Settlement Date. The only way that I would be certain is if management of uWink somehow used the term "ex-dividend date" in any of their writings on this. Otherwise, it really is not clear to me. ... OMG maybe Nancy Nino knows... after all she has been a reliable source of information so far!


From Wikipedia:

In order to receive the upcoming dividend payment pay-out you must already own or you must purchase the stock prior to the ex-dividend date.

It is important to know when you buy or sell stock, there is a three-day settlement period (three stock trading days) on all buy and sell orders.

Here is an example: The ex-dividend date is two stock business days prior to the record date. To be a stockholder on the Record Date you must purchase the stock before the ex-dividend date. The latest date you can buy the stock to be a stockholder on record and be entitled to the dividend would be one day prior to the ex-dividend date to allow for the three stock-trading-day settlement of the stock purchase. If you purchase the stock the day before the ex-dividend date you would be a stockholder on the record date and would be entitled to receive the dividend payment.

and:

You only have to own the stock one day to be entitled to receive the dividend payment.

If you buy prior to the ex-dividend date, you are buying in time to receive and be entitled to the upcoming dividend payment. Selling your stock on the ex-dividend date or after, means selling it without the dividend. The buyer of your stock will not receive the latest dividend payment pay-out, but would receive the next dividend pay-out if held until the next ex-dividend date.