If you hold your shares past 1-31-06 you'll get a 5 for 1 forward split,,,,right,,, So do you have to do anything else, such as file paperwork, or will they just issue your account shares???
I have Never been involved in a forward split......Someone let me know what to expect... I would appreciate it....Thanks!!
posted
in theory? it all goes by cusip, automated, straight to your broker, to be held in street name for your account. That way, you can trade with liquidity and no one messes with physical certs. Often, these things go smoothly and need no intervention on your part...
However, when there's questions, it's often wise to alert your broker and make sure they're aware you're due your divvy shares. That way they can contact DTC and check things out.
In this case, that's certainly adviseable because Joey is pushing these warrants and has linked them in PRs...plus--it's likely, judging from this latest PR, that the company may try to say the last day to buy is the record date. It's not uncommon for companies to get these mixed up, and it's certainly not uncommon for these guys to mix stuff on purpose...
posted
"December 31, 2005 is also the record date for the company's 5-for-1 forward split, with a pay date on January 30, 2006." so if we sell are shares in the middle of january do we get the 5 new shares coming in? so that means we half to hold on to it all january?
posted
RVMN will most likely go back down to $0.0001 after the forward split, right? The thing that concerns me is how long is it going to stay at $0.0001? When the split takes in effect, I'll own over 25 million shares of RVMN. It's still pretty worthless at that price. I really hope this Gina D's Kids Club thing is going to be a huge success as Barney, Arthur and Sesame Street is. Man, if this works out, I'll be one happy camper. Yesterday, I was 50/50 in either holding or selling before the split. Today, I'm 70/30 in favor of holding to gain 5 times more shares of RVMN thanks to Veeger486.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
To find out the approximate price after a split: 5-1 forward split- divide PPS by 5 After that, it's anybody's guess, but pennies USUALLY tank after a split. You make the call.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
I wouldnt bet my life savings on that. There is no indication that it will EVER move any higher than it is now. So you end up with 5 times the shares at less than 1/5th of the price. Any way you look at it, it's a loss.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
I am not going to stay in to get the 5-1 split. I made a msitake in not selling when it ran up to .0018 . If it get close to that by the end of the month I am selling.
Posts: 167 | Registered: Dec 2005
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quote:Originally posted by dmort: I am not going to stay in to get the 5-1 split. I made a msitake in not selling when it ran up to .0018 . If it get close to that by the end of the month I am selling.
Sounds wise to me. Historically, these pennies drop like a rock after a split. If I can get out with minimum loss, I'm gone too.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Yeah, and shorting Raven Moon is good too....how'd your broker react to that????.....LOL
quote:Originally posted by veeger486: Yeah I wish i shorted GM at 31$ i could made a lot of money on that.
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
If you're that desperate, maybe you should look for a job.....LOL
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
I guess your broker laughed when you said you wanted to short RVMN..how short, don't ya' wanna' be long'??..try putting the belly things on eBay....at least you'd have a shot at something....LOL.....
quote:Originally posted by veeger486: why can't something happen
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
Tex, Maybe he should find another sport......like badminton....LOL!!!
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
RVMN..... Sell before the new year or hold for the forward split to gain 5 times the shares? Asking for the 100th time but I need your opinions!!! Thanks and have a merry one.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
This from a guy who cant make up his mind whether to buy or short the stock....I say again, immediately after the split this stock will tank back to lower than it is now. I'm betting on it heavily. Pinks have a history of doing this frequently and there is no reason to suggest RVMN is any different. If you dont sell just before the split, IMO you will end up with 5 times the shares you have now at a price 10 times lower. That equates to a 50% loss immediately, and the stock will continue to drop.
Do your own DD and if you come up with something different, I would love to see the figures instead of conjecture.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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