Replies to post #26080 on CMG Holdings Group Inc (CMGO)

[JcNY]

looks good .$cmgo

[southflatrader1]

Now, curious where we will be come close on Friday..

[moraesk15]

I stand corrected. Thank you SS1. My only concern is that if this doesn't take off between now and Friday. What's the motivation for investors to get in on Monday?

[DeeDog]

Exactly, nothing's changed, but people keep getting the two dates confused, the date of record and the distribution date (ex dividend date). We have to own CMGO stock by Friday the 26th and to be settled by that date I had to buy my shares by Tuesday...this is being debated. The SEC clearly says if we sell our CMGO stock anytime before the distribution (ex-div date) we lose the AE dividend shares...See below.

This stock distribution is the date that hasn't been established yet. They can't set the date until they know when AE shares will be approved and on the market for trading and that's out of CMGO's hands. It sometimes takes a month from the date of application. If that was Oct 1st then we should be getting close to the approval date now. See below.

$CMGO
Dee

Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends

Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (this would also be after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

www.sec.gov/answers/dividen.htm