quote:

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Originally posted by shag26272:
Hi Marty i am definitely holding till then. I have 7000 shares.

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quote:

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Originally posted by Saturn2187:
They'll still pay the dividends out.

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Dividend to be paid of .05/share
Shares issued .429/share

Possibly another dividend pay out of .03/share six months from the close of the merger.

So lets say you bought 10,000 shares.

$500 1st dividend
4290 Free shares
$300 2nd dividend

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Originally posted by tacman21:
So if you own shares on the 17th and sell on the 18th, will your new shares and the dividend just appear in your account when they are paid out?

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I don't know how this is going to work. I don't think it will be that simple or that quick. According to today's 8-K filing the dividends and shares are to be available to the transfer agent the following day of the closing date(2.18.2004). How quickly the transfer agent makes this available to the broker is another question. -

TRANSFER AGENT:
American Stock Transfer & Trust Co.
(718)921-8261

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Originally posted by tacman21:
Am I correct in assuming though that you would still receive the dividend even if you sold before it actually appeared in your account provided your sell date was after the 17th?

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