posted
i know i meant what does the payment date mean? is that the day you get the SNYY shares? and what happened to the post i just made?
Posts: 89 | From: NEW ENGLAND | Registered: Dec 2005
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That link specifically states the ex date will NOT be disclosed...
But for a little glossary fun, by the book, ex-dates are typically 2 days prior to the date of record:
* Declaration date– This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
* Ex-date or Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
* Date of record– This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
* Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Posts: 160 | Registered: Nov 2005
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posted
Big OOPs! Yes yip, thanks for clarifying. Still recuperating from last night Posts: 680 | From: san francisco | Registered: Aug 2005
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posted
Well I'm not selling until the SNYY shares show up in my account. If I sell that is.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
so which one is typically correct? I guess hold till after the 7th just to make sure....
-------------------------------------------- (taken from i-hub)
Posted by: uwlungman In reply to: uwlungman who wrote msg# 9674 Date:12/20/2005 7:59:59 PM Post #of 9682
Here's the critical definition... "The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date)." I tried to put it in bold print but it didn't work. The important point is that stock dividends are treated differently than cash dividends with the Ex-Dividend Date being the day following actual payment of the shares. In other words, don't sell your shares of FCDH until you see the SNYY shares in your account.
Posts: 680 | From: san francisco | Registered: Aug 2005
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TORONTO, Nov. 9, 2005 (PRIMEZONE) -- Suncrest Energy (Pink Sheets:SNYY), which specializes in oil and gas exploration and drilling is moving forward with acquisition activities to capitalize on drilling opportunities within the oil and gas markets. The newly acquired rig, due for complete refurbishing, will allow us to offer drilling programs for others in the Midwest. The Rig will be capable of drilling wells in the 5,000 foot +/- range. A company spokesperson stated the rig will be ready for drilling within 4-6 weeks.
"This is a very exciting time for Suncrest Energy," said David Alexander, President. "We have begun a number of expansion initiatives that will increase our name recognition within the oil and gas industry."
About SUNCREST ENERGY
Founded in Toronto, Canada, SUNCREST ENERGY (Pink Sheets:SNYY) a publicly traded company engaged in oil and gas exploration and drilling programs for itself and other companies.
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. SUNCREST ENERGY undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. SUNCREST ENERGY and the SUNCREST ENERGY logo are trademarks or registered trademarks.
CONTACT: Suncrest Energy David Alexander, President www.s-crest.com 3266 Yonge Street, Suite 1208 Toronto, Ontario M4N 3P6
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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posted
The question with FCDH isn't can it reach $1 but who would hold out long enough to see it go to a dollar LOL!
Posts: 680 | From: san francisco | Registered: Aug 2005
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posted
I am in it for the long haul. No way will I sell until this baby goes high enough so I can retire!!
----------------------------------------- I love em where I leave em and leave em where I love em.
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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posted
im just wondering if it can hit the pennies without a R/S...however i really dont think there will be a R/S since the company announced a stock buyback. its going to get really expensive for them to do a buyback if it soars up...so i wonder just how good of news they want to release
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
From Investopedia (hope it clears up any cofusion):
Declaration, Ex-dividend And Record Date Defined By Investopedia Staff, (Investopedia.com) Contact Investopedia November 8, 2002
Have the workings of dividends and dividend distributions mystified you too? Chances are it's not the concept of dividends that confuses you; the ex-dividend date and date of record are the tricky factors. In this article we'll sort through the dividend payment process and explain on what date the buyer of the stock gets to keep the dividend.
Before we explain how it all works, let's go over some of the basics to ensure we have the proper foundation to understand the more complex issues. Some investment terms are thrown around more often than Frisbees on a hot summer day, so it's important that we define exactly what we're talking about.
Different Types of Dividends The decision to distribute a dividend is made by a company's board of directors. There is nothing requiring a company to pay a dividend, even if the company has paid dividends in the past. However, many investors view a steady dividend history as an important indicator of a good investment, so most companies are reluctant to reduce or stop their dividend payments. For more information on buying dividend paying stocks, see the articles How Dividends Work for Investors and The Importance of Dividends
Dividends can be paid in various different forms, but there are two major categories: cash and stock. The most popular are cash dividends. This is money paid to stockholders, normally out of the corporation's current earnings or accumulated profits.
For example, suppose you own 100 shares of Cory's Brewing Company (ticker: CBC). Cory has made record sales this year thanks to an unusually high demand for his unique peach flavored beer. The company therefore decides to share some of this good fortune with the stockholders and declares a dividend of $0.10 per share. This means that you will receive a check from Cory's Brewing Company for $10.00 ($0.10*100). In practice, companies that pay dividends usually do so on a regular basis of four times a year. A one-time dividend such as the one we just described is referred to as an extra dividend.
The stock dividend, the second most common dividend paying method, pays additional shares rather than cash. Suppose that Cory's Brewing Company wishes to issue a dividend but doesn't have the necessary cash available to pay everyone. He does, however, have enough Treasury stock to meet the requirements of the dividend payout. So instead of paying cash, Cory decides to issue a dividend of 0.05 new shares of CBC for every existing one. This means that you will receive five shares of CBC for every 100 shares that you own. If any fractional shares are left over, the dividend is paid as cash (because stocks can't trade fractionally).
Another type of dividend is the property dividend, but it is used rarely. This type of allocation is a physical transfer of a tangible asset from the company to the investors. For instance, if Cory's Brewing Company was still insistent on paying out dividends but didn't have enough Treasury stock or enough money to pay out all investors, the company could look for something physical (property) to distribute. In this case, Cory might decide that his unique peach beer would be the best substitute, so he could distribute a couple of six-packs to all the shareholders.
The Important Dates of a Dividend There are four major dates in the process of a company paying dividends:
Declaration date– This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend. Ex-date or Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record. Date of record– This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout. Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled. Why All These Dates? Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three days before the date of record, which also happens to be the day before the ex-dividend date.
As you can see by the diagram above, if you buy on the ex-dividend date (Tuesday), which is only two days before the date of record, you will not receive the dividend because your name will not appear in the company's record books until Friday. If you want to buy the stock and receive the dividend, you need to buy it on Monday. (When the stock is trading with the dividend the term cum dividend is used). But, if you want to sell the stock and still receive the dividend, you need to sell on or after Tuesday the 6th.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
That's a good over view FoT, but it's off a little here:
quote:As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three days before the date of record, which also happens to be the day before the ex-dividend date.
You see it fairly common that ex-date is not set before the record date...for whatever reason. GVRP is a famous one (and the MAMG r/s has never even been published, lol, much less rec'd an ex-date
Anyway, digging around it seems that in this case, apparently, someone in the company got confused, which happens a lot.
So it looks as though NASD fell back on this rule:
quote: c) Late Information Re: Ex-Dividend, Ex-Warrants Dates If definitive information is not received sufficiently in advance of the record date to permit designation of an ex-dividend or ex-warrants date in accordance with paragraph (b)(1) hereof, the date designated shall be the first business day which, in the opinion of the Committee, shall be practical having regard to the circumstances pertaining.
posted
Broadcasting Decision CRTC 2005-578 Ottawa, 5 December 2005 Michael Garrow, on behalf of a corporation to be incorporated Across Canada Application 2005-0253-5 Public Hearing at Charlottetown, Prince Edward Island 3 October 2005 The Wagering Network – Category 2 specialty service In this decision, the Commission approves an application for a broadcasting licence to operate a new Category 2 specialty programming undertaking. The application 1. The Commission received an application by Michael Garrow, on behalf of a corporation to be incorporated, for a broadcasting licence to operate a national, English-language Category 21 specialty programming undertaking to be known as The Wagering Network. 2. The applicant proposed to offer a service that would consist of programming dedicated to all aspects of the gaming world in Canada and abroad. It indicated that the service would not carry live sports events and that it would simply refer to sports events from a gaming perspective. Sports highlights would comprise no more than 10% of the programming schedule. The service would also offer a sports news ticker providing up-to-the-minute scores and results from amateur and professional sports. 3. All of the programming would be drawn from the following categories set out in Schedule I to the Specialty Services Regulations, 1990: 1 News; 2(a) Analysis and interpretation; 2(b) Long-form documentary; 3 Reporting and actualities; 5(b) Informal education/Recreation and leisure; 6(a) Professional sports; 6(b) Amateur sports; 7(a) Ongoing drama series; 7(b) Ongoing comedy series (sitcoms); 7(c) Specials, mini-series or made-for-TV feature films; 7(d) Theatrical feature films aired on TV; 7(f) Programs of comedy sketches, improvisations, unscripted works, stand-up comedy; 7(g) Other drama; 9 Variety; 10 Game shows; 11 General entertainment and human interest; 12 Interstitials; 13 Public service announcements; and 14 Infomercials, promotional and corporate videos. Intervention 4. The Commission received an intervention from CTV Television Inc. (CTV) commenting on the applicant’s proposal to air sports programming drawn from categories 6(a) and 6(b). Among other things, CTV is the 100% indirect owner of The Sports Network Inc., the licensee of the specialty service known as The Sports Network (TSN). 5. In CTV’s view, the sole purpose of the applicant’s request for authority to air sports programming is to enable it to offer a sports news ticker given that the applicant stated it would not broadcast any professional and amateur sports. CTV indicated that, assuming this is the case, it would have no objection to the applicant’s proposals provided that this effect was imposed as a condition of licence. CTV also requested that the Commission impose a condition of licence requiring that the authority to carry category 6 programming be limited to "sports programming consisting of alphanumeric text content containing sports information from a gaming and wagering perspective." Finally, CTV submitted that the application should be denied if the applicant were not willing to accept such a condition of licence. 6. The applicant did not reply to the intervention. Commission’s analysis and determination 7. With regard to the concerns expressed by CTV, the Commission notes that, as one of the conditions of licence set out in the appendix to this decision, the applicant is prohibited from offering any coverage of live sports, while sports highlights are limited to a maximum of 10% of the program schedule. The Commission is satisfied that these restrictions are sufficient to prevent the service from being directly competitive with TSN. 8. The Commission is satisfied that the application is in conformity with all applicable terms and conditions announced in Introductory statement – Licensing of new digital pay and specialty services – Corrected Appendix 2, Public Notice CRTC 2000-171-1, 6 March 2001 (Public Notice 2000-171-1). Accordingly, the Commission approves the application by Michael Garrow, on behalf of a corporation to be incorporated, for a broadcasting licence to operate the national, English-language Category 2 specialty programming undertaking, The Wagering Network. 9. The licence will expire 31 August 2012, and will be subject to the conditions set out in Public Notice 2000-171-1, as well as to the conditions set out in the appendix to this decision. Issuance of the licence 10. A licence will be issued once the applicant has satisfied the Commission, with supporting documentation, that the following requirements have been met: an eligible Canadian corporation has been incorporated in accordance with the application in all material respects;
the applicant has entered into a distribution agreement with at least one licensed distributor; and
the applicant has informed the Commission in writing that it is prepared to commence operations. The undertaking must be operational at the earliest possible date and in any event no later than 36 months from the date of this decision, unless a request for an extension of time is approved by the Commission before 5 December 2008. In order to ensure that such a request is processed in a timely manner, it should be submitted at least 60 days before that date.
Secretary General This decision is to be appended to the licence. It is available in alternative format upon request, and may also be examined in PDF format or in HTML at the following Internet site: http://www.crtc.gc.ca Appendix to Broadcasting Decision CRTC 2005-578 Conditions of licence 1. The licence shall be subject to the conditions set out in Introductory statement – Licensing of new digital pay and specialty services – Corrected Appendix 2, Public Notice CRTC 2000-171-1, 6 March 2001.
2. The licensee shall provide a national, English-language Category 2 specialty programming service devoted to all aspects of the gaming world in Canada and abroad.
3. The service shall not broadcast live sports events, and sports highlights shall comprise no more than 10% of its programming schedule. The service shall refer to sporting events solely from a gaming perspective.
4. The programming shall be drawn exclusively from the following categories set out in Schedule I to the Specialty Services Regulations, 1990, as amended from time to time:
1 News 2 (a) Analysis and interpretation (b) Long-form documentary 3 Reporting and actualities 5 (b) Informal education/Recreation and leisure 6 (a) Professional sports (b) Amateur sports 7 (a) Ongoing drama series (b) Ongoing comedy series (sitcoms) (c) Specials, mini-series or made-for-TV feature films (d) Theatrical feature films aired on TV (f) Programs of comedy sketches, improvisations, unscripted works, stand-up comedy (g) Other drama 9 Variety 10 Game shows 11 General entertainment and human interest 12 Interstitials 13 Public service announcements 14 Infomercials, promotional and corporate videos
For the purposes of the conditions of this licence, including condition of licence no. 1, broadcast day means the period of up to 18 consecutive hours, beginning each day not earlier than six o’clock in the morning and ending not later than one o’clock in the morning of the following day, as selected by the licensee, or any other period approved by the Commission. Footnote: 1The Category 2 services are defined in Introductory statement – Licensing of new digital pay and specialty services, Public Notice CRTC 2000-171, 14 December 2000.
Date Modified: 2005-12-05
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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posted
First Canadian American Holding Corporation Announces The Fight Network Ready to Kickstart Super League Wednesday December 21, 9:00 am ET
TORONTO--(MARKET WIRE)--Dec 21, 2005 -- First Canadian American Holding Corporation (Other OTC:FCDH.PK - News) announced today that The Fight Network, Inc. is pleased to announce that it has signed an exclusive (Canadian) programming deal with Super League for the rights to broadcast its Super League Thai Boxing events.
ADVERTISEMENT This agreement will see The Fight Network air Super League events in their entirety each and every week. This will be the first time these events will be available on cable and satellite television in Canada.
"Super League is the premier Muay Thai organization in Europe," said Brian Sobie, VP of Programming and Production for the Network. "It features incredible fighters who put on fantastic shows. We're also thrilled by the fact that one of the Super League's stars is Canadian, Clifton Brown."
"The Fight Network has given us a great opportunity to bring Super League to our Canadian fans on a consistent basis," said Marcus Bauer, President and CEO of Super League. "To fight in Super League a fighter must already be the champion of his country. That means we have a very elite and highly skilled stable of Thai Boxers competing in our organization. We are already the premier Thai Boxing promotion in Europe and we feel with the help of The Fight Network, we will achieve similar success in Canada."
Posts: 1097 | Registered: Jun 2005
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posted
I just bought 1000 shares of SNYY at 1.55 Do you think this will go up after divi?
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
Got filled also at 14. Took in 2 partials. Ok, let's uptick so I can flip this!
Posts: 680 | From: san francisco | Registered: Aug 2005
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posted
I proubly should not have done that huh some one will have to buy those shares I cant just sell them right?
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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