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noobB

06/10/09 2:38 PM

#4787 RE: Joe Penny #4786

The value will be what the pps is when you sell it
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realnewsinc

06/10/09 3:43 PM

#4792 RE: Joe Penny #4786

You will get one share for every share you own if you are a shareholder "on record" as of June 10th. To be "on record" the shares you bought need to be settled. It usually takes 3 days to settle shares and you would need to have bought this past Monday to be "on record" today. If you bought yesterday or today, sorry, but you lose unless the company changes the date you need to be "on record".

In addition to being on record, you need to hold your shares until after the ex-dividend date, which is listed somewhere on this site at the 16th. If you sell your shares before the ex-date, you will be considered short.

To summarize, the dividend value is 1 share for every share you own "on record" by June 10th, today, and you must hold your shares until the day after the ex-dividend date or be short.

The pps value of the dividend is irrelevant as it will depend on when you sell your shares. If you sell your shares and the pps is .0004, the value per share will be .0004. If you sell your shares at .10, the value per share will be .10.

Hope this clears up any confusion.