Replies to post #17943 on Xinliwang Intl Hldgs. Co. Ltd. (XLWH)

[MarBen]

Dear skyrocketinsight

are you sure the R/S will be like this?

If I read the announcement I understand it that only those who after the conversion 1.:100,000. will achieve a number greater than
100 will qualify, the rest will be neglected.
This way as it states after the conversion there will only be shareholders with more than 100 shares.

This means to be considered at the time of conversion one should have at least 10,000,000. shares.

Kind regards

[TEX]

The fact that you were on record at the time of the announced RS split, will entitle you to 100 shares at $10 a piece or $1000.00.

The record date in a PR is irrelevant; if a R/S does ever go through, it will be only it's been filed with NASDAQ/FINRA, who set the ex-date. The day before the ex-date is the final date to buy or sell (or hold, for that matter).