Couldnt the first business day after the stock dividend is paid be April 13th or even tomorrow ?. That is the day Kat Gold filed form S1 to initiate the asset transfer/ spin off. So they are paying the dividend on that day to holders of record as of 12-21-11 as per their own filing. SEC approval of company action is not the date of payment but just the date of stamped approval.
It couldnt be the date when the SEC declares the S1 effective b/c that may take months and is a date uncertain. So if holders of record sell shares of KATX after 12-21-11, the new buyers would not get the divi since they didnt hold on 12-21. And the sellers wouldnt get the divi under this version so the BVIG shares would just disappear ? no one would get them ?? I dont think thats possible. I think the company made it pretty clear and they picked a date in the past for a reason - they wanted to know the share structure and all the stock holders. When SEC declares it effective, they know exactly who gets the shares and how many shares they get.
News 
Market Data 
Discover 
AI
