Replies to post #56968 on Expo Holdings Inc. (EXPH)

[fourkids_9pets]

thanks wing ..

makes total sense

appreciate it

--
4kids
all jmo

[Renee]

Wing , to your post , :

At the shareholder meeting JD said that the Certificates would probably be sent directly to us. Wing

Brokerages are the ONLY lawful entities that can distribute public or private dividends to their clients that result from a Public Security .

If indeed JDB stated that the ETC Certificates would be sent directly to the shareholders he would breach Regulatory Laws that would invoke immediate SEC corrective actions .

According to some members on this board who authoritatively assert that JDB IS RECEIVING legal advice on the ETC Dividend , well , I scratch my head to why JDB could or would say that the Certs could be sent directly to shareholders .

Some reading on the matter :

http://www.principlesofaccounting.com/chapter%2014.htm

http://www.investopedia.com/study-guide/cfa-exam/level-1/corporate-finance/cfa32.asp?viewed=1