posted
One last question...where did these extra shares come from, no I'm not talking about the ones for the divy!
Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006.
The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71.
Just wondering. Have a great night everyone!
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quote:Originally posted by CRab: I'm curious...if one sells tommorrow do they still get the divy for the other six shares?
Where am I going with this? It doesn't matter if the shorts cover tommorrow they still owe those six extra shares right? Anyone think they will actually cover?
Wait...as of right now 1 of our shares = 7 shorty shares right? That is until the divi occurs...
If the Record Date = 10-16-06 and the Pay Date = 10-30-06 then the Ex-Date would be 10-26-06 which means you could buy through 10-25-06 and still get the divy. Inversly, if you were to sell prior to 10-26-06 you would not get the divy.
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quote:Originally posted by TaxBack04: Wally ~ I will say it again... it is not the same as dilution when you put the new shares in the shareholders account. Tommorrow the share price will not go down because no new shares are going to hit the market. Give me news and atleast a $22 pps value on NASDAQ and I will trade some of these in for something a bit more stable and brand name like Walmart, Disney, or Coca-Cola... but not until they reach at least 2X book value or better yet 3X book value.
Sell if you don't want the free ones. It's up to you.
You are misunderstanding me. Even the PR states dilution, not a bad thing in this case. I'm not saying it's a bad thing the way it was done. I said we needed more information which we have now.
I haven't sold and never told anyone to sell. I always said that we needed to work together to figure things out.
quote:Originally posted by dog: Thanks Tax... but you know it's not real til it's in the account...... just watching and waiting from now on.
Truth be told... I almost sold half of my position today.
If I had been near a computer when the stock starting dropping , I'd sold all of mine too !!! I just so happen to leave to pick my son up at 2:45 cst and it dumped after that .
-------------------- ----- Game Over -----
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posted
But I thought they just had to give notice ten days before the divi occurs...why couldn't the cutoff be today? As long as the divi didn't occur in the next ten days aren't they good?
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quote:If the Record Date = 10-16-06 and the Pay Date = 10-30-06 then the Ex-Date would be 10-26-06 which means you could buy through 10-25-06 and still get the divy. Also, if you were to sell prior to 10-26-06 you would not get the divy.
I'm not understanding what you are saying here?
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Dividends must be declared (i.e., approved) by a company’s Board of Directors each time they are paid. There are four important dates to remember regarding dividends.
Declaration date: The declaration date is the day the Board of Director’s announces their intention to pay a dividend. On this day, the company creates a liability on its books; it now owes the money to the stockholders. On the declaration date, the Board will also announce a date of record and a payment date.
Date of record: Shareholders who properly registered their ownership on or before this date will receive the dividend. Shareholders who are not registered as of this date will not receive the dividend. Registration in most countries is essentially automatic for shares purchased before the ex-dividend date.
Ex dividend date: Is set by the exchange where the stock is traded, several days (usually two) before the date of record, so that all trades made on previous dates can be properly settled and the shareholder list on the date of record will accurately reflect the current owners. Purchasers buying before the ex-dividend date will receive the dividend. The stock is said to trade cum dividend on these dates. Purchasers buying on or after the ex-dividend date will not receive the dividend. The stock trades ex-dividend on these dates.
Payment date: The date when the dividend cheques will actually be mailed to the shareholders of a company.
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If you get back in immediately tomorrow.. you will still do very well. It hurt today watching the tank.... many people did sell, and the rest almost sold.
Member Rated: posted October 16, 2006 21:44 -------------------------------------------------------------------------------- One last question...where did these extra shares come from, no I'm not talking about the ones for the divy!
Total issued Shares as of year end was 62,489,721, given the corporation a calculated book value of $12.63 as of June 30, 2006.
The total current issued share of the corporation after the merger as of today, October 16, 2006 close of business is 103,135,657 giving the corporation a current estimated book value of $70.71.
Just wondering. Have a great night everyone!
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quote:If the Record Date = 10-16-06 and the Pay Date = 10-30-06 then the Ex-Date would be 10-26-06 which means you could buy through 10-25-06 and still get the divy. Also, if you were to sell prior to 10-26-06 you would not get the divy.
I'm not understanding what you are saying here?
Jo
In a divy the only date that matters is the Ex-Date. We need to see the "divy/split" filing. The PR reads as if today was the Record Date. If that is true then you can still buy and get the divy through the day before the Ex-Date. The Ex-Date is 2 days before the Pay Date and it appears that the Pay Date is being set for 10-30-06. That is the way a divy works - but we need to see the divy filing to be sure of the dates.
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posted
My father is the one who turned me on to the stock when it was FHAL. THE MAN IS A GENIUS!!!!! Shares times six and $11.78 PPS? OHHHH YEAH!!!!! I love you all!!! I am naming a child after Rufus!
posted
CAN THIS BE REAL?????????? Is this freakin possible? I bought back in today, after being an old school FHAL holder....Did I actually time something correctly????? Holy Schnikies!!!!!!!!!
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
(2) In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date.
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posted
So Tax...we havent seen the graphic in a while. Have you updated it? There were action items following the 10k. The 10Q in Nov could hold some goodies for the longs. Can we see it again?
posted
That's exactly what Rufas wants...duh!!!!!!!Hold em strong and long! Listen why get scared it always gets you in trouble...If you do your own dd you will know what you have if you are listening to someone else you won't hold when it gets scary....Do your dd and ask questions...but most will tell you to read and read...there's your answer.....
-------------------- Never lookback...
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quote:If you get back in immediately tomorrow.. you will still do very well. It hurt today watching the tank.... many people did sell, and the rest almost sold.
I don't know. A panic buy will probably turn out just as bad for me as a panic sell.
I WAS on "The List" though. Would that help me at all if I bought back in.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
I can't find a rule stating that the declaration date can't be on the ex-divi date...
Even on the SEC site below it says "usually" two days before payment...but it doesn't say it can't be on the declaration day...just as long as it's before payment to get the shareholders list together...
posted
Darn it anyways... I'm upset, the peeps who sold...why? I thought you knew what you had? I thought this board helped everyone to find the info? What swayed those to sell? I am sorry, But there is still more to come with this it is not done...so what, you missed one, you can get the next one it wil be here, don't miss it again. GLTA
-------------------- Never lookback...
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quote:Originally posted by luvforever: That's exactly what Rufas wants...duh!!!!!!!Hold em strong and long! Listen why get scared it always gets you in trouble...If you do your own dd you will know what you have if you are listening to someone else you won't hold when it gets scary....Do your dd and ask questions...but most will tell you to read and read...there's your answer.....
The DD on this stock should have made all of hold to see how this really plays out!
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quote:Originally posted by wallymac: (2) In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date.
I am not sure on this one then. The definition of the Ex-Date means without dividend. Before the Ex-Date is with divy and on the Ex-Date is WITHOUT divy. I just know from playing many divy's that the Ex-Date is the only date that really matters. Don't know how the Ex-Date being one day after the Pay Day works. Either way you should still be able to buy and get the divy through this week and most of next.
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quote: Do your dd and ask questions...but most will tell you to read and read...there's your answer.....
Well, I did read. I read the 10-K that came out this afternoon which clearly said the merger consideration was going to be for those shareholders as of October 30th. I sold my shares so that I could digest the rest of the 10-K overnight, planning to get back after the dust had settled.
You guys were listening to radio songs earlier....I'm now listening to Cher's "If I could Turn Back Time"
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Jo buddy, I feel for ya. Actually I feel for myself too. If I had kept my shares from FHAL I would have 10 times as many shares. Oh well, live and learn.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Jo, I really believe there's still time to make some $'s. Unless the halt is tomorrow I can't see why you can't get back in if you want. So you missed one part I believe there is sooo much more from dding the heck outa this ..... glty
-------------------- Never lookback...
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