posted
Ed announced back on March 12th that Bonita would close on April 15th. No confirmation pr todate. I don't like when they don't do what they say they will.
-------------------- Just the facts, ma'am.
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posted
ican is one of my favorite stocks because i think it is somewhat stable and ed has a good head for what he is doing. but lets face it if you are talking about trend witch a lot of people look for in there lives qbid got it. and a political statement to.like cmkx what did they ever do but you tell people there is gold in them thar hills and they want to believe it in the end us plodders always winn we just may seem like nerds for a while or slugs.
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imakmony2005
unregistered
posted
Did anyone get more shares i.e 15% div ?? i still have the same number.5-01-05 is the date right for more??
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posted
no i don't think you are crazy i think that is the way wells fargo accounts there statements i don't think that you can trade the 55,500 shares yet. if you can then i don't understand
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imakmony2005
unregistered
posted
WERE GONNA GET GOING SOON HERE.
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posted
hey how about some price per share predictions for those that are holding long.im looking for .01-.03 cents 3-6 months time.is this unrealistic? good luck to all.i like ed and this company and i cant wait until they start opening more restaurants in my area.im in new jersey and would love if they opened up a place in nj or ny.i missed going to the one in florida when i visited florida.didnt realize they were there until after i got home.oh well .1.6 million long and strong shares that are not for sale.still accumulating when i can.good luck to you all today. sincerely noah
-------------------- gotta know when to hold em and when to ..........
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posted
Board goes silent.....volume goes silent.....Is this the calm before the storm....or is everyone sitting on the edge of there seat waiting on the launch????
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posted
Bad news from Ameritrade. I bought shares on 4/27, and it looks like I'm not getting any dividend. Anybody else having this problem? _______________________ Thank you for contacting us today regarding ICAN.
I show that the ICAN dividend has a payable date of 5/15/05. However, I show that they ex-dividend date for this stock was on 4/27/05. Because you did not purchase ICAN until this date, your shares do not qualify for the dividend. I apologize for any confusion.
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. Since the stock is no longer trading with the dividend attached, the shareholder that held the shares at the market open on the ex-dividend date would receive the dividend. Also, the price of the stock is adjusted prior to market open (including the pre-market session) on the ex-dividend date to reflect the price without the value of the dividend. There is no minimum holding period that shares must be held prior to the ex-dividend date to entitle the holder to the dividend payment.
Shares that are purchased on (again, including the pre-market session) 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 (including the extended market session) 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 are entitled to receive the dividend.
The Record Date, a date used for corporate bookkeeping and commonly used in press releases and other news stories, is a term most often used by Corporations and Transfer Agents. Record date does not determine who is entitled to the dividend; it merely indicates to whom the transfer agent will deliver the shares. If a person holds shares on the record date but sells the shares prior to the ex-dividend date, they will 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 brokers and shareholders anticipate 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, spin-offs, and restricted distributions are all considered dividends and therefore, similar principles apply.
The company is responsible for establishing the record date and the payable date for any dividend. They will typically communicate this information via a press release through a major news service, or on their Web site. Once established, the exchange on which the stock trade, or the NASD, has the option to establish the ex-dividend date. The ex-dividend date is typically not referenced in the press release, as it is established after the company's announcement.
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.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Rachael Peacock Apex Client Services, Ameritrade Division of Ameritrade, Inc.
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posted
Hmm, no response. Well, I guess everyone else bought their shares before 4/27.
I have a "conspiracy theory" that I'd like to hear some opinions on, if anyone's up for it.
A while back, I think it was GXXL that issued a stock dividend or spin-off. I specifically called the IR guy, and asked if I should have bought shares 3 days before the record date. He said in essence, "Hey, even if you buy shares the day before, their YOUR shares." And sure enough, I received the dividend, even though I had purchased the stock the day before the record date, NOT 3 days before.
So there's the precedent. In less than 24 hours, I was a shareholder of record.
Now, Ameritrade decides to tell me I need to have bought my ICAN shares by 4/26, to be on record as of 5/1. Well, who gets to decide that? And, since it doesn't take even 24 hours for the electronic "paperwork" to go through, AND since my shares are in "street name", meaning in Ameritrade's name, I wonder if Ameritrade gets to keep all the dividends of anyone who bought shares on the 27th, 28th, and 29th of April.
posted
Check into Ameritrade's policy in your account on dividend/spin off stock and thier requirements. Wouldn't surprise me if they made this a back door rule. If this is the case, I'd file a complaint with both Ameritrade and the SEC. Good luck
-------------------- It's choice - not chance - that determines your destiny.
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posted
Wow, 20 minutes into the trading day and zero volume. I hope that is a good sign. Everyone is probably holding onto their shares because they don't know what is up with the dividend, LOL .
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posted
It's amazing that people see "Dividend" and can get the date of record right, but don't bother to even look at the mail date. And then they ask the same question over and over again.
Maybe my point of view is different, I'm holding long for ICAN, and have for a few months, so the Div isn't that big of a deal. It's a nice addition to a stock that already has great potential. I guess it's just kind of annoying watching people get frustrated they didn't get their "free shares" they jumped in for in the last few days, when they couldn't even bother to understand the PR, or the several posts explaining it.
I don't know, it just seems like a board that constantly says "do your own research" has a lot of clueless people running around.
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posted
dodint, in all actuality, the company did screw up the PR and later had to come back and make a statement putting everything out on the table. Also, there are a lot of different rules regarding dividend forward splits which are different than normal forward splits. I have teh textbook if you want to know the different definitions. So, you need to read the PR's and do some math and see where the gray area was. I'm sure you'll find it.
-------------------- wide open until you see god, then brake!
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posted
My question still stands, in spite of the last two "helpful" posts from dodint and yaya.
If it's been proven that shares can be on record in less than 3 days, then are the brokers collecting the dividends for themselves on any shares purchased on the 3 days after the ex-dividend date?
By the way, you two... You've inspired me to learn more about the market, so I can become a pretend know-it-all pr1ck, too. Thanks for your fine example. It must be nice to be better than everyone else...
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posted
winsum, those dividends are attached to those shares. If you held on the record date, keep holding. Selling will give away your divy. However, the letter you have showed that said you bought on that date tells me that the best way to ensure ownership is to buy the day before at the latest, unless your broker has a different policy. Since no one held those shares and you did not qualify for the dividend, Ameritrade will not get those extra shares. Nobody got them in fact. Ignore those other two guys, they must be eccentric millionaires who 1)must be able to tell me what stock will go up and when or 2)must have the SEC rulebook memorized.
-------------------- wide open until you see god, then brake!
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posted
Nope, I'm new to this stuff too. As I've said in just about every other post I've made.
That said, using something as simple as Yahoo financial news, I was able to know exactly what was going on with this dividend. Regardless of how much you "know" about stock dividends, the simple fact is it was spelled out quite clearly. It's not hard.
Date of Record 5/1/05 Date of Mailing 5/15/05
Doesn't take a millionare to read.
As I said before. The issues people are having are with their brokers, and that's not something ICAN or I have control over. But, being a long-term holder, I have nothing to worry about.
posted
well im pretty sure i have got my dividends.i had 1.4 million now i have 1.6million and ten thousand shares.i dont know if i can sell them or not but they showed up in my account almost right away.i use optionsxpress as a broker and they just lowered there fees to ten bucks for me so i am happy with them.there execution seems very good and they get me pretty good fills on pink sheet stocks. im a long term holder on this stock not selling till at least a penny so good luck to all that trade this my shares arent for sale though.
-------------------- gotta know when to hold em and when to ..........
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imakmony2005
unregistered
posted
I still do not show my new shares but i think it will show 5-15-05.4 million long
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