*Note: Different rules apply if the dividend is 25% or greater of the value of the security. In this case, the Financial Industry Regulatory Authority (FINRA) indicates that the ex-date is the first business day following the payable date. For further details on dividend issues, search FINRA's website.
So this dividend is subject to a different rule because the amount is greater than 25%. Otherwise the ex date would be the standard 2 business days prior to the record date instead of 1 day after the payable date. All the Trustee did here was establish the record date, and then its up to the exchanges (in this case the OTC Bulletin Board) to set the ex date. THIS IS AN OLD FASHIONED "FREE-FOR-ALL" and there's going to be some fat lips and black eyes!!! IMO Other opinions?