Replies to post #59447 on Expo Holdings Inc. (EXPH)

[Cowboy]

TAKI the SEC is going to require a prior announcement of the divy with an appropriate time period for the ex date.

JD just can't come out and say that everyone who owned the stock at such and such a date is going to get the divy...he has to make an announcement prior to that occurrence.

Correct me if I am wrong.

[GOLFNH]

Taki I already understand all that as I actually work in corporate actiions. What I wanted to know was how does JD have to go about announcing it? Cowboy's post below refers to what I wanted to know. Thanks anyways.

[ORCA]

THE COMPANY WAS BUYING BACK SHARES AT AROUND .0085 AVERAGE.SO ONE WONDERS. WHEN STOCK TOOK A DIVE TO .002s AND .003s HOW MUCH MORE THEY BOUGHT BACK???READ BOLD BELOW FROM BACK THEN.THEN LOOK HISTORICAL PRICES TO SEE WHAT AVERAGE PRICES THEY PAID FOR THE BUYBACK OF THE 2,5 MILLION SHARES.FELLAS 2,5 MILLION TIMES .0085=A LITTLE OVER 21$ KNOW 21 K $ FOR A SMALL COMPANY THAT IS TRYING TO GROW IS A LOT OF MONEY.SO IF THEY THOUGHT .0085 WAS A CHEAP PRICE, THEN WHAT YOU THINK ABOUT THE .0038 AND .004???
HMMMMMMMM.WE WILL SURE FIND OUT.ALRIGHT.
As of 10-29-2009 the company has acquired approximately 2.5 million shares and has issued instruction to the company's transfer agent to retire them

The company is prepared to continue retirement of additional shares as conditions permit.


2009/10/30 0.0067 0.0082 0.0066 0.0078 28,627,473 0.0078
2009/10/29 0.0079 0.0080 0.0066 0.0071 16,166,435 0.0071
2009/10/28 0.0086 0.0086 0.0075 0.0079 15,296,935 0.0079
2009/10/27 0.011 0.011 0.0084 0.0086 6,027,228 0.0086
2009/10/26 0.0085 0.011 0.0084 0.0087 36,692,893 0.0087
2009/10/23 0.0088 0.0089 0.0085 0.0087 9,837,850 0.0087
2009/10/22 0.0092 0.0092 0.0087 0.0089 10,185,100 0.0089
2009/10/21 0.0094 0.0094 0.0086 0.0091 11,861,174 0.0091
2009/10/20 0.0096 0.0097 0.0091 0.0093 10,583,965 0.0093
2009/10/19 0.0094 0.010 0.0080 0.0095 20,684,247 0.0095

[Doc Holliday]

Every stock I have ever seen, the settlement time never came into the figuring of the div payout.

Example:

Have to own stock by Wendsday to get div.

If you are in by Tuesday close, you get div.
If you sell before Tuesday close, you are out, even though the money clears 3 days later. (Settlement of money has nothing to do with it, buy or sell.)

Another example.

A stock is halted on Wednesday, and shut down by the SEC and never alowed to trade again.

One person bought on Tuesday, another sold on Tuesday. Neither person has had the money clear yet for the trade. The person who sold before the halt, and has not had the money clear yet from the trade still gets his money. The person who bought before the halt and has not had his money clear yet, still gets the shares.

I have never seen any div be determined by settlement date.