Replies to post #51294 on Expo Holdings Inc. (EXPH)

[GOLFNH]

I work in corporate actions and can confirm what ROCKNJ is saying. Ex date is what matters, not record date. If you hold shares in EXPH the night before ex date you are entiltled to shares in ETC.

For example. If record date is 12/23/09 and ex date is 1/2/10 and you sold out of your position on 12/27 you will get nothing! If you buy shares on 12/27 than you are entitled to the dividend.

The record date is merely relevant to the brokers. However the broker for the seller will receive the shares in ETC in error because of record date. Subsequently the broker is responsible for transfering the shares of etc (that they recieved incorrectly) to that guy that bought on 12/27.

[venomen2002]

You may want to read this again..and thanks..

"It is expected that shares will be distributed on a 1 share in the private entity for each 10 shares held in Expo Holdings, Inc.
at the record date. The shares are expected to be issued in the form of a dividend."

"Certain key assets, including but not limited to certain intellectual property, operating capital, and material handling equipment would be transferred to the new entity."

"The exact date of the spin off has yet to be finalized; however it is tentatively scheduled to occur on or about the first of January 2010. This allows shareholders ample time to review their investment in Expo Holdings, Inc."

Then this..

"The ex-dividend date (typically 2 trading days before the record date for U.S. securities) is the day on which all shares bought and sold no longer come attached with the right to be paid the most recently declared dividend. This is an important date for any company that has many stockholders, including those that trade on exchanges, as it makes reconciliation of who is to be paid the dividend easier. Existing holders of the stock will receive the dividend even if they now sell the stock, whereas anyone who now buys the stock will not receive the dividend. It is relatively common for a stock's price to decrease on the ex-dividend date by an amount roughly equal to the dividend paid. This reflects the decrease in the company's assets resulting from the declaration of the dividend. The company does not take any explicit action to adjust its stock price; in an efficient market, buyers and sellers will automatically price this in."

"Whenever a company announces a dividend pay-out, it also announces a "Book closure Date" which is a date on which the company will ideally temporarily close its books for fresh transfers of stock. Read "Book Closure" for a better understanding."

"Shareholders who properly registered their ownership on or before the date of record, known as stockholders of record, will receive the dividend. Shareholders who are not registered as of this date will not receive the dividend. Registration in most countries is essentially automatic for shares purchased before the ex-dividend date."

"The payment date is the day when the dividend checks will actually be mailed to the shareholders of a company or credited to brokerage accounts."

Hope that helps..What is confusing is this by the CEO..

"for each 10 shares held in Expo Holdings, Inc.
at the record date. The shares are expected to be issued in the form of a dividend."

The shareholders meeting should clear this all up..GLTY...veno