quote:Originally posted by windjunkee: wow, I posted a sell this morning at 9 thinking it probably wouldn't hit.... I step away from my computer for a few minutes and BAM ... no more UNQT on my portfolio and a whole bunch of green in my cash account.
OOH, sorry about that! But it sounds like you made good coin! I am going to hold,I think this thing will run like crazy on monday with people trying to get in before the split.
-------------------- If it wasn't for bad luck I'd have no luck at all.
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posted
I didn't want to but I had to sell at .0095.
Anytime something doubles in one day I suspect some pump and dump so i decided to take the profit. I still think this is a great longterm investment and I will look to get back in. If this pulls back to .005 before the split I will get back in, otherwise, I will wait until after the record date to buy in after everyone jumps ship. Mark my words, this will go down pretty significantly for a few days after the record date--too many people will get scared off.
In addition, the company has recently approved a 600% dividend in the form of 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.
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posted
Can we get clarification on the term "shareholder of record"? As posted this morning, Scottrade says any purchase up to delivery date (May 16) gets in on the split. If true, how do others see this afftecting the current run? -- that is, if people knew the cutoff date is, in fact, NOT April 27...
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posted
Shareholder of record means simply anyone who holds the stock as of the record date. The next day the stock will be cut by a proportionate number and anyone buying after the record date will NOT get the 6:1 split (but they will pay a lot less for the stock as well).
posted
BuyTex, you'd be best off asking the company. I asked my broker once about a different stock and ended up missing the dividends because they didn't have all the information.
-------------------- May your trading build your character as well as your portfolio.
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posted
being through a lot of forward splits you always have a date of record in this case it is 4/27/05 if you are not on record of having owned the shares by that date you will not recieve the dividend wich will be funded to you on may 16th 2005. lol
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posted
Yes, but the question is, when is the ex-dividend date? It could be April 28 or it could be May 16. If you sell before the ex-dividend date then you are selling your dividend with the shares. Record date is simply an accounting date that a company uses to determine where to send the dividend. If the owner of record sells before the ex-dividend date (typically meaning he has not received the dividend in hand, but the shares he holds have been assigned the dividend) then the dividend trades with the shares.
-------------------- May your trading build your character as well as your portfolio.
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posted
I am holding atleast until after the split because i think this company has a bright future and investors want in for the split and then we will see,if they still come out with positive pr's they will move up, the problem with a lot of companies is they do a forward split and then no positive news for a while which people get scared and sell.I believe this company see's great things in the future so after a split i still think they will move forward.Thats just my opinion.
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posted
why woulda stock trade ex dividend a day after the dividend is paid ? ex dividend date should be 4/28/05 after the dividend is accounted to all o/s
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Member Rated: posted April 12, 2005 20:14 -------------------------------------------------------------------------------- Wait til you fall for what I did, I bought in at .004 while it was still rising, the next day I had to sell for .003
They are barely staying afloat, sell now if you made a profit
Check the 52-week, this is a pump and dump
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
-------------------------------------------------------------------------------- Posts: 381 | From: Council Bluffs, IA | Registered: Mar 2005 | IP: Logged |
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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Member Rated: posted April 12, 2005 20:14 -------------------------------------------------------------------------------- Wait til you fall for what I did, I bought in at .004 while it was still rising, the next day I had to sell for .003
They are barely staying afloat, sell now if you made a profit
Check the 52-week, this is a pump and dump
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
-------------------------------------------------------------------------------- Posts: 381 | From: Council Bluffs, IA | Registered: Mar 2005 | IP: Logged |
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT?
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posted
Capt I thought you said you took your 12 grand profit and left happy!
What gives?
With all the interest and half the share holders are on free shares I don't see the need to sell here. There must be some reason they gave a split beside squeeze shorts! I would think its preaty big news!
Also it ran fast the last hour friday from .007 to .01 and settled at .0099....Have to see what happens this next week.imo
-------------------- It is always darkest before it goes completely BLACK!!!
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posted
If the record date is 4/27 (Wednesday) then everyone who owns it as of close wednesday will get the dividend, and when the stock opens on Thursday the stock price will reflect the payout (will open 1/6 the value of previous days close). If you sell your stock on Thursday (which many will probably do out of panic) you would still get your dividend of 6:1, a few weeks later. This is how it works.
Member Rated: posted April 12, 2005 20:14 -------------------------------------------------------------------------------- Wait til you fall for what I did, I bought in at .004 while it was still rising, the next day I had to sell for .003
They are barely staying afloat, sell now if you made a profit
Check the 52-week, this is a pump and dump
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
-------------------------------------------------------------------------------- Posts: 381 | From: Council Bluffs, IA | Registered: Mar 2005 | IP: Logged |
You were so hyped about this stock and started this topic... now that you are out you bash it?
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posted
I still feel really good about his stock and think it will run up Monday morning if it gets any kind of pressure like it did EOD Friday, it had TONS of pressure and at one point did hit a penny, I really think it has some potential here for at least a couple of more days, but as I often here on these boards, profit is profit
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posted
This may help clear up the split question with this Aetna's example!
What happens if I sell my shares on or between the Record Date and the Distribution Date? Between the Record Date, February 25, 2005, and the Distribution Date, March 11, 2005, two separate markets will exist for Aetna's Common Shares. Shares trading under the symbol "AET" will continue to trade at the higher pre-split price in the "regular way market." Shareholders who sell in the regular way market will receive value for the shares they sell and are not entitled to the split shares thereafter. By selling "regular way", shareholders transfer their rights to the split shares to the buyer through a mechanism called a "due bill." "When issued" trading is reported under the symbol AETWI. When issued trading ceases on the Distribution Date. For further information about "when issued" trading, you should contact your broker.
Member Rated: posted April 12, 2005 20:14 -------------------------------------------------------------------------------- Wait til you fall for what I did, I bought in at .004 while it was still rising, the next day I had to sell for .003
They are barely staying afloat, sell now if you made a profit
Check the 52-week, this is a pump and dump
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
-------------------------------------------------------------------------------- Posts: 381 | From: Council Bluffs, IA | Registered: Mar 2005 | IP: Logged |
You were so hyped about this stock and started this topic... now that you are out you bash it?
Don't ever edit someone elses name into my post again...thanks
-------------------- When you reach the bottom, the only place to go is up, that or die - Indian Larry
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quote:Originally posted by Original_Cashmaker: If the record date is 4/27 (Wednesday) then everyone who owns it as of close wednesday will get the dividend, and when the stock opens on Thursday the stock price will reflect the payout (will open 1/6 the value of previous days close). If you sell your stock on Thursday (which many will probably do out of panic) you would still get your dividend of 6:1, a few weeks later. This is how it works.
Yeah, that makes sense since this is a pinksheet...there won't be a ex-dividend date so you go by the record date. You'll have to have settled shares on the record date to be entitled to the dividend, however, and that means Friday was the last day to buy and still get the dividend (unless your broker can settle it faster).
[ April 25, 2005, 01:31: Message edited by: Thorn ]
-------------------- May your trading build your character as well as your portfolio.
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posted
Union Equity Responds to Shareholder Inquiries Regarding Record Date of Forward Split Monday April 25, 9:03 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--April 25, 2005--Union Equity Inc. (Pink Sheets:UNQT - News) has recently approved a 600% dividend in the form of 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. "Some people are being told that they have until May 16, 2005 to participate in the forward split," said CEO Michael Anthony. "This is incorrect. They must own the stock by the close of the market on April 27, 2005, this Wednesday."
Anthony speculates that some investors are receiving erroneous information confusing the Record Date with the Mail Date.
The Record Date for the forward split is April 27, 2005. Simply stated, if someone owns stock in the company on that date they will receive six additional shares of common stock for every one share they own. If someone purchases stock the next day, April 28, 2005, they just own the one share of stock they have purchased. They will not receive six additional shares.
The Mail Date for the forward split is May 16, 2005. This means that by this date the transfer agent will mail the additional shares to the applicable brokerage companies or to the individual shareholders who owned the company stock as of April 27, 2005.
-------------------- It is always darkest before it goes completely BLACK!!!
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