posted
I'm new here, but I've been watching this one for a bit, it's climbing....anybody have any info and maybe some reasoning as to why or is this just a stock that ran up at some point? Any info? Up to .0045 at this posting
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quote:Originally posted by Original_Cashmaker: You do not get a 600% gain. You get 6 times more shares and the pps will be divided by 6, so a your toatl value is the same.
so it's really not that great of a deal unless the PPS goes up after the split.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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posted
its almost impossible for PPS to go up after a forward split .. in fact the pps is usually adjusted downwards .. ex-div.. so if you thinking of a 600% div .. its a hoax .. it doesnt add any economic value to ur portfolio .. it actually reduces the value cos with the massive new dilution, ppl will be rushin to the exit and the PPS will surely tank .. look at GLBM .. same chit happened couple of weeks ago.
quote:Originally posted by HILANDER:
quote:Originally posted by Original_Cashmaker: You do not get a 600% gain. You get 6 times more shares and the pps will be divided by 6, so a your toatl value is the same.
so it's really not that great of a deal unless the PPS goes up after the split.
posted
u welcm ... lil tip If you gonna sell , do so monday or tuesday thatw ay, you will still be shareholder of record on the record date of 27th because your sale needs three days to settle.. 50% of the time, u will get the free shares .. unless they explicitly stated that you have to hold till div date of may something ..
quote:Originally posted by HILANDER:
quote:Originally posted by WINNER24:
thanks winner, I'm up on it right now, I may ride it a bit longer then sell.
posted
Sounds sneaky, I love it. I am going to read a little more on the company and try to figure out a good strategy. Gotta go talk to the cops now about the Blue Heron incident. Hopefully I don't end up in the clink.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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quote:Originally posted by Original_Cashmaker: You do not get a 600% gain. You get 6 times more shares and the pps will be divided by 6, so a your toatl value is the same.
Apparently I am a moron, I was under the impression that it was a buyback
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
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posted
News for 'UNQT' - (Union Equity Implements Goliath Program; Asks Shareholders to Submit E-Mail Addresses)
PALM BEACH, Fla., Apr 26, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has initiated its "Goliath Program." The program entails establishing cooperative relationships with some of the nation's largest real estate buyers, particularly those who specialize in condo conversions.
"For example, there are developers out there who we consider to be the true royalty of the industry," said CEO Michael Anthony. "They buy the most exclusive apartment buildings in South Florida, make them even classier, and then turn around and sell them off as condominiums. Their business model is genius and they focus on projects in the $100 million range. However, their projects sell out fast and leave many buyers wanting more."
Union Equity will work to establish a formal working relationship with one or more of these powerhouse developers to accommodate the buyers who don't manage to secure a unit.
"Because of the limited amount of space in downtown West Palm Beach, we want to collate a group of buyers who got left out for whatever reason and point them in the direction of a smaller project with many of the same amenities they are already looking for. We plan to pre-sell our units and run the project just like a $100 million condo conversion except on a smaller scale in the immediate peripheral areas."
Last week Margolias Realty Group paid $91 million for The Strand, a 275-unit waterfront rental multifamily complex in downtown West Palm Beach. Details of the transaction can be viewed at http://www.globest.com/news/269_269/miami/133464-1.html. It should be noted that Union Equity has not yet contacted Margolias Realty but intends to do so in the coming days. Also, no current relationship exists between Union Equity, Inc. and Margolias Realty. In addition, Union Equity intends to contact several such developers who specialize in large-scale, condo-conversions.
Union Equity also requests that shareholders as well as the general public contact the company through their website and provide their e-mail addresses so they may be included in the company's upcoming quarterly newsletter. The company has received numerous inquiries through their toll-free phone number and wants to make sure these individuals are included along with those who have already submitted their e-mail addresses online.
In addition, the company has recently approved a 600% dividend in the form of a six-for-one forward split of its common stock issued and outstanding as of 4/27/05 (the record date). Odd lots shall be rounded up. Shareholders of record on 4/27/05 will receive six additional shares for every one share of common stock owned on that date.
About Union Equity
Union Equity is a national real estate development and holding company, specializing in the fields of Residential Property Development, Mortgage Finance and Construction of New Residential Properties. The company operates independently and through its wholly-owned subsidiary Eden Development Group and plans to grow aggressively over the next two to three years through acquisitions, mergers and internal growth.
About the Industry
Florida ranked fifth nationally in housing appreciation in 2004.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments.
Further information on the company can be found on their website; http://www.UNQT.com. SOURCE: Union Equity, Inc.
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and winner24 it says in the release that you have to be holding on the distribution date to get the free shares which is next wednesday if i remember right if you sell them before then thats just shares they dont have to match but whoever bought them is gonna be pissed cause itll be worth 1/6 what they paid for in a few days LOL
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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posted
By: tpe_inc 26 Apr 2005, 10:42 AM EDT Msg. 2888 of 2909 Jump to msg. # UNQT: stock split info from ameritrade
Thank you for contacting us today regarding UNQT.
For UNQT's 7 for 1 split, the ex-dividend date is 5-17-05, record 4-27-05, payable 5-16-05 after market close. In order to be entitled to the split shares, the earliest you may sell is 5-17-05, and the latest to buy is 5-16-05.
The following information pertains to dividend dates of listed securities.
There are typically three dates referenced with the payment of a dividend; the ex-dividend date, the record date, and the payable date.
As a rule, the ex-dividend date is the most significant date to keep in mind. The ex-dividend day is the first day a stock trades without a declared dividend. The price of the stock is adjusted prior to market open on the ex-dividend date to reflect the price without the value of the dividend.
Shares that are purchased on or after the ex-dividend date are purchased at this lower price and therefore, are not entitled to the dividend payment. Shareholders who sell their shares prior to the ex-dividend date sell the shares with the dividend still attached; in other words, they sell the security and the expected dividend.
Therefore, if one buys shares prior to the ex-dividend date and holds the shares until after market open on the ex-dividend date, they will receive the dividend.
The Record Date is a commonly used term generally referred to in press releases and other news stories. The date of record is a date used by Corporations and Transfer Agents. The record date is used for corporate bookkeeping. Record date does not determine who is entitled to the dividend; it merely indicates to whom the transfer agent will need to deliver the shares. If a person holds shares on the record date but sells the shares prior to the ex-dividend date, they will need to deliver the dividend with the shares. Dividends are attached to shares, not people, so if shares are sold prior to the ex-dividend date, the dividend goes with the shares.
The Payable Date refers to the day the company or paying agent will pay out the dividend. This typically occurs after market close on the payable date. Payable date is generally after the ex-dividend date on cash dividends and prior to the ex-dividend date of stock splits and spin-offs.
Please keep in mind there are different types of dividends, the most common being the cash dividend. However stock splits, stock distributions, and spin-off are all considered dividends and therefore, similar principles apply. Although most securities follow the rule of ex-dividend date, this will vary with different exchanges; as a result, we suggest you request information on a specific security to ensure accurate information.
Corporations declare dividends and/or interest to be paid to holders of record as of a specific date, which is known as the "record date".
In order to allow time for delivery, the transfer of securities which are bought or sold shortly before record date, and allow uniformity in trading, a date is specified before which the buyer, rather than the seller, is entitled to receive the payment. Prices of transactions take this into account. This date is called the "ex-dividend date".
Primarily, the record date is for shareholders who own a physical certificate, registered in their name.
The ex-dividend date is for shareholders who own shares with their broker, in street name/deliverable form or electronically. The ex-dividend date is set by the exchange the stock trades on.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
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posted
Not sure if this is a concern to any but it has bEEn and iSSue of confusion for people on other boards. The record date is the date that you must be a holder of the share in order to get the divy. The recod date is 4/27, tomoRRow. So the shares have to be seTTled in your aCCount tomoRRow in order to get the divy
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posted
I will say this about the company the fact that the CEO is wiLLing to lock up his shares for 2 years says alot. Must mean he knows that big things and $$$$ are coming down the pipe. Also the fact that they plan to reduce the A/S by 50% is very very very nice
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posted
So the real question now is...is it better to wait until AFTER the forward split to get back in (don't sellers usually get scared and the price goes down after a forward split), or get back in now. I've heard conflicting reports. I was out, then back in, then back out, both with nice profits, but I actually like the long term possiblities of this company, just afraid of the reaction on this split. Would be interested in what people have experienced with these types of splits before.
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posted
forward split = less shares available, less shares available = greater potential for price to increase, mathematically it worksout that its a good idea to be in before the split occurs, almost always
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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