posted
Someone with some savy should check this out. I will help out if I can get ph. no. etc. Who do we call? jphc? vxbx? TAs Help me here boys and girls Im a fish farmer for crying out loud!!!!
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
I'm going to call Ameritrade right now, see what they say. If I get nothing from them I'll go dig up some jupiter and xvbx numbers.
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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posted
Well, needless to say, I'm a little peeved.
Ameritrade has informed me that the ex-dividend date is August 1st. For those like me who have no idea what that means, he said that we had to have held JPHC up to August 1st in order to recieve the dividend.
Wool over my eyes Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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posted
I don't think that this can be right. There was nothing in the PRs that stated this... only that July 8th (I think it was) was the divvy date. Any ownwer of shares as of that date should recieve the dividend.
quote:Originally posted by Elia: Well, needless to say, I'm a little peeved.
Ameritrade has informed me that the ex-dividend date is August 1st. For those like me who have no idea what that means, he said that we had to have held JPHC up to August 1st in order to recieve the dividend.
Wool over my eyes
Posts: 237 | From: Boulder, CO | Registered: Jun 2005
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posted
I understand now the system, it was my fault for being ignorant of all this and not calling my brokerage to see what the details are. In any case, here it was Ameritrade has to say about dividends:
When is my dividend due?
There are typically three dates referenced with the payment of a dividend; the ex-dividend date, the record date, and the payable date.
The Ex-Dividend Date is the most significant date to keep in mind. The ex-dividend date 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 common term generally referred to in press releases and other news stories. The date of record is a date used by Corporations and Transfer Agents for corporate bookkeeping. The 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. The 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, and the cash dividend is the most common. However, stock splits, stock distributions, and spin-offs are all considered dividends and, therefore, similar principles apply. Although most securities follow the rule of ex-dividend date, this may vary with each exchange. As a result, we suggest you request information on a specific security to ensure accurate information.
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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Are you saying that ... July 8 was the "record date" Aug 1 was the "ex-dividend date" Oct 8 was the "payable date"
and therefore one needed to buy before July 8 close and hold through Aug 1 close to receive the dividend?
Posts: 237 | From: Boulder, CO | Registered: Jun 2005
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posted
If this is true this is a real bummer for those who sold before aug1. There was nothing in the PRs about this. In fact, let me quote, "All shareholders of record as of the July 8, 2005 record date are entitled to receive the dividend."
Posts: 237 | From: Boulder, CO | Registered: Jun 2005
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Q: What is Jupiter Global Holdings Corp. direction? A: Jupiter Global is a holding company with interests in a diverse number of growing industries namely; Telecom /VoIP, Promotional Marketing an Entertainment.
Q: What was the ratio of the dividend of VoxBox? A: 20:1
Q: Who qualifies to receive dividend? A: All shareholder of Jupiter Global Holdings Corp. of record July 8th 2005.
Q: When will dividend shares be distributed to qualifying shareholders? A: October 8th 2005
Q: Are the dividend shares restricted? A: Yes.
Posts: 237 | From: Boulder, CO | Registered: Jun 2005
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posted
Did you try calling her at 1.800.963.6532 and tell her what Ameritrade said?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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posted
I tried asking the Ameritrade rep about where he found his info on the ex-dividend date, but the answer I got led me nowhere. It is possible that their information is wrong. Has anyone called the number yet? If not, I'll call at 4:30 EST
The only thing that makes me feel a little hopeful is that Zygore hasn't received anything yet either.
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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posted
I called and left a message with the number listen above. Left a message and waiting for a reply.
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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posted
I haven't received anything either and I held through late september. Noone has reported that they've received anything yet.
quote:Originally posted by Elia: I tried asking the Ameritrade rep about where he found his info on the ex-dividend date, but the answer I got led me nowhere. It is possible that their information is wrong. Has anyone called the number yet? If not, I'll call at 4:30 EST
The only thing that makes me feel a little hopeful is that Zygore hasn't received anything yet either.
Posts: 237 | From: Boulder, CO | Registered: Jun 2005
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posted
What are restricted shares? Are we able to sell as soon as we get the dividend in restricted Shares?. If we don't get our dividend this week I would have to say it might be a scam to raise the price of the stock up. Good luck everyone when you receive your restricted shares!!! Hot pick for Wed will be IDVL.
Posts: 285 | Registered: Sep 2005
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posted
Well, restricted stock kind of means a lot of things. I'm not sure if it's restricted for us, or they are issuing shares that to them are restricted.
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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quote:Originally posted by jellybean: What are restricted shares? Are we able to sell as soon as we get the dividend in restricted Shares?. If we don't get our dividend this week I would have to say it might be a scam to raise the price of the stock up. Good luck everyone when you receive your restricted shares!!! Hot pick for Wed will be IDVL.
They'll be Rule 144 shares which generally means they'll carry a minimum of a one year "holding period" before you can trade them. After the one year, there's a hefty fee and a cumbersome process to go through to get the restriction lifted and then you can only sell a certain percentage of them. I believe after 2 years, if the issuing company is current in all it's filings, the restriction is lifted entirely and they become free trading. Go here for more information:
posted
Wow, I don't even know where I'll be in 2 years. This should be interesting...
Posts: 71 | From: Worcester, MA | Registered: Oct 2005
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posted
from aquas post it seems like you only get the shares if you had shares before july 8th. assuming that most of you havent been holding that long, then you wont get any
Posts: 2329 | From: MD | Registered: Jul 2005
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posted
Come on JPHC, more respect for the shareholders. I want them now unrestrickted because 2 months waiting is toooooo long.
Posts: 425 | From: NL | Registered: Jun 2005
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posted
I did not get mine. I've owned shares since way before July 8th and am still holding (and accumulating). Evergreen, whose brokerage account do you have?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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- now i asked to investigate (IF) what kind of restriction there is on these shares
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
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