According to the NASDAQ Dividend List, Mellon Research Inc (OTC: MLON) has declared a SPIN-OFF dividend. This dividend will ONLY be available to shareholders of record as of February 06, 2006.
DECL-DATE X-DATE REC-DATE PAY-DATE ----------- ----------- ----------- ----------- 02/06/2006 02/07/2006 02/06/2006 02/11/2006 AMOUNT: SPIN-OFF FREQUENCY: N/A CHANGE: N/A ADDITIONAL INFO: One share of Xxstream Entertainment Inc (OTC: XMET) for each share held. N/C to Paychest, Inc. (PYCT).
Posts: 598 | Registered: Jan 2004
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posted
What exactly does this mean? Is this good or bad? Please explain? (THE DIVIDEND ISSUE OF XMET) Im a newbie here. Bought in today.
Posts: 4 | From: USA | Registered: Jan 2006
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posted
According to the reports they will issue 1 EMET for each current share held...
Also, according to the information released I believe MLON is now PYCT... and will start trading under the new symbol tomorrow...
This is outstanding news and should have a huge impact on the PPS... We will see...
Don't buy unless you do you own DD...
quote:Originally posted by CoachKfan: What exactly does this mean? Is this good or bad? Please explain? (THE DIVIDEND ISSUE OF XMET) Im a newbie here. Bought in today.
posted
MLON: Goes Ex-Dividend Tuesday, Feb 07; SPIN-OFF
Monday , February 06, 2006 15:50 ET
According to the NASDAQ Dividend List, Mellon Research Inc (OTC: MLON) are expected to go ex-dividend on February 07, 2006. This SPIN-OFF dividend was originally declared on February 06, 2006.
DECL-DATE X-DATE REC-DATE PAY-DATE ----------- ----------- ----------- ----------- 02/06/2006 02/07/2006 02/06/2006 02/11/2006 AMOUNT: SPIN-OFF FREQUENCY: N/A CHANGE: N/A ADDITIONAL INFO: One share of Xxstream Entertainment Inc (OTC: XMET) for each share held. N/C to Paychest, Inc. (PYCT).
Posts: 598 | Registered: Jan 2004
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posted
Good morning,hope you all ride this tiger for nest 2 weeks. Many surprises for those that hold.imo
Posts: 59 | From: East Fishkill NY | Registered: Feb 2006
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-------------------- I am Borg. Resistance is futile. You must comply. Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
Maybe some of you saw the 60 minutes show on how people from foreign countries move money into the US without going through banks, wire services, etc. It appeared to be a lot of transactions that are happening. Maybe Paychest can get some of that.
Posts: 352 | From: Marietta, GA | Registered: Nov 2005
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quote:Originally posted by George: Cheaper than Paypal...
I wish... Paychest: Receive Money = 5.5% + $0.45 per transaction paychest web page Paypal: Receive Funds = Free (Personal Account) or 1.9% to 2.9% + $0.30 USD (Business Account) paypal web page
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by George: Cheaper than Paypal...
I wish... Paychest: Receive Money = 5.5% + $0.45 per transaction paychest web page Paypal: Receive Funds = Free (Personal Account) or 1.9% to 2.9% + $0.30 USD (Business Account) paypal web page
I stand corrected...sorry I was think about the ebay fees. I sell a lot on eBay and by time I pay the fees there plus at paypal they are higher. But you are right paychest is higher than paypal.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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this has got to be one the most scintillating pinkie scams in months.
im in, im going to buy.
dont forget to take profits guys.
if it reverses, were dead.
-------------------- I am Borg. Resistance is futile. You must comply. Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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Can someone summarize what happened in "lame - man's" terms? We got 1 for 1 on MLON to PYCT and we got a divy too? Is it restricted? How many shares of what?
Posts: 1031 | Registered: Sep 2005
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posted
for every 1 share of MLON you owned yesterday, you will now have 1 share of PYCT. However, it will not be paid out until the 13th. In the meantime, you can just hope that PYCT goes up because you can't move any funds you had from MLON now.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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posted
MLON: Goes Ex-Dividend Tuesday, Feb 07; SPIN-OFF
Monday , February 06, 2006 15:50 ET
According to the NASDAQ Dividend List, Mellon Research Inc (OTC: MLON) are expected to go ex-dividend on February 07, 2006. This SPIN-OFF dividend was originally declared on February 06, 2006.
DECL-DATE X-DATE REC-DATE PAY-DATE ----------- ----------- ----------- ----------- 02/06/2006 02/07/2006 02/06/2006 02/11/2006 AMOUNT: SPIN-OFF FREQUENCY: N/A CHANGE: N/A ADDITIONAL INFO: One share of Xxstream Entertainment Inc (OTC: XMET) for each share held. N/C to Paychest, Inc. (PYCT).
posted
Watch the freebie... if they aren't unrestricted they will be stock in your portfolio forever.. Ihave so much crap from CMKX's divies and they are all worthless and I have to pay just to get them out of my account now.
Posts: 202 | Registered: Nov 2005
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quote:Originally posted by netra: Was mlon a scam stock? or am I mixin something up
No,you are not mixing it up. MLON was and still is a scam, spinning off worthless restricted stock. Following in cmkx's footsteps. I still have 4 worthless spin-off's in my account from cmkx. No value,2 with "unknown" names. One,WSSE, just recently forward split into 101,000 shares and is ACTUALLY trading!! Maybe I can get a couple pennies back on the dollar! Posts: 483 | From: OK | Registered: Aug 2005
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posted
You can sign a release to your broker and they'll just cancelled them without fee.
It's always a guess, got most of what I received last year that were unrestricted. Anyway, I didn't buy MLON last week to get those. The momo was good.
quote:Originally posted by netra: Watch the freebie... if they aren't unrestricted they will be stock in your portfolio forever.. Ihave so much crap from CMKX's divies and they are all worthless and I have to pay just to get them out of my account now.
posted
No, Watch the dates (posted earlier). But don't buy PYCT for that reason. Like many said, sometimes the shares we get are worthless...some other time they are not...which is a nice bonus over an already pretty good run.
quote:Originally posted by mydream1: Hi,Malloy,Did you already get the XMET shares?Thanks.
posted
Is ole Mario Pino,P---s, or whatever his name is still running this company or "consulting"? Stepped in this back in July/Aug '04. Pure POS. Visited their website. I sure wouldnt want this bunch having access to MY credit card numbers or bank account. Think "identity theft". Worthless spinoffs and shares are a dead giveaway.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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posted
Somebody is making some nice cash off this scam, if they don't get too greedy and take profits before it crumbles.
quote:Originally posted by OILDOG: Is ole Mario Pino,P---s, or whatever his name is still running this company or "consulting"? Stepped in this back in July/Aug '04. Pure POS. Visited their website. I sure wouldnt want this bunch having access to MY credit card numbers or bank account. Think "identity theft". Worthless spinoffs and shares are a dead giveaway.
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