Replies to post #193400 on Golkor Inc (GKOR)

[eelfland]

Supposedly. That's another reason why dividend dates are set in the FUTURE, not in the past. Stock prices normally go DOWN by as much as the dividend is worth the day after the dividend is issued, when they are known as ex-dividend. This is especially clear in the case of a cash dividend. It only makes sense. What KATX is purportedly trying to do does NOT make sense, and there is NO WAY the SEC is going to let this ludicrous stock-peddling scheme fly. Now you have people, once again, buying and holding KATX for a dividend that will never come, and even if it did, it would be coming out of their own company's pockets. That should be another lesson to people who think buying and holding pinks is a good idea.

It is only gullibility and a lack of sophistication among the general public that keep people like Ken Stead in business. IMO.

[CammieCam]

The way I understand it; no. You would not qualify. Thats whats really crazy about it.

[B402]

Isn't it Great to be well informed

by the company.....

[wshaw14]

Nathanial, yes you would. If you owned the shares (and they were bought by the X-date) so that you would be shown as the shareholder of record on the record date, you will participate in the spinoff. Anybody buying after the X-Date would not be entitled to participate.

"The ex-date is the second business day before the date of record."





The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:

Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.