posted
now I understand this way better.......PAim has been shorted to death, the MM's want to raise the price to get folks to give up their shares before the divy date, or else, the MM's will have to come up with the divy's as well for the shares shorted to all those who hold to the 17th....Those divys will trade under another symbol, but get this, The MM's don't want to pay for those divy's on the PAIM sharers they've shorted, so they're trying to buy back shares of PAIM before the divy day....now the company set up this divy to burn the MM's,.....the divy's are worthless right now, valued at .0000001, but when the comapny does a reverse split on these divy's (not on PAIM shares, but the divy's under another symbol), then they will be worth somthing and tradable and the MM's will have to pay for all those divy's, which will come out of their pockets, get it???? So this stock is going to blow up the next few trading days to try to get folsk to give up their shares.....notice thurs, it traded at .0002-.0003, frday it traded at .0003-.0004......they will gradually raise the price to get folsk to give up their shares and then closer to the divy date, the 17th, they will way raise it.... now the comapny set this up to burn the MM's and someone from another board made the point that if it were just a couple billion shares being shorted, no big deal, so why would the company bother with this divy? WHY? Becasue there are alot more than a couple billion shares being shorted here.....and a couple trading days is not gonna be enough for the MM's to cover, so you see where this is going?????? Look at the chart and how long the MM's were shorting shares at .0001.....like 6 billion of them have been shorted in like just 10 days of trading a couple weeks ago to a few days ago......they still have alot to buy up to cover before the divy date......see where this is going???? They're gonna have to raise the price to get those shares back, or else pay for the shares shorted and the divy and a costly SEC fine.......this is going .001 and higher maybe....MM's gonna have to make some huge money to cover.
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December
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posted
I have 1 million. Scared to buy more because of the reverse split that would send this stock under .0001. SEC doesn't allow trades under .0001 anymore. Don't want to be scammed, or my shares to be worthless.
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quote:Originally posted by logical buyer: I have 1 million. Scared to buy more because of the reverse split that would send this stock under .0001. SEC doesn't allow trades under .0001 anymore. Don't want to be scammed, or my shares to be worthless.
They aren't going to do a R/S. The only reason they mentioned that in the PRs is because a R/S would save the MMs who shorted the stock. They would only have a few shares to buy back instead of billions. That PR was basically a coded message saying "f**k you MMs".
The only time they would do a R/S is maybe this time next year if they decided to move to a bigger exchange.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
TOTALLY AGREE WITH WHAT WEATHERBILL POSTED. WOULD ALSO BE NICE TO GET A PR FROM THE COMPANY ON THE EX DATE VS THE DATE YOU NEED TO OWN THE STOCK TO GET THE DIVY. THERE SEEMS TO BE A LOT OF CONFUSION ABOUT THE DATE OF RECORD FROM THE 14 TO THE 17TH. WHENS THE LAST DATE YOU CAN PURCHASE THE STOCK TO GET THE DIVY? THE 14TH OR THE 15TH? JMO
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posted
The record date is set by the company, but because it takes 3 days for stuff to settle, the NASD sets an "x date" or "ex-dividend date" for the stock.
In this case the NASD set the x date for the 15th.
That means as long as you own the stock at 4pm EST on the 14th you will qualify for the dividend. You can sell on the 15th at the opening bell if you want.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
WHY WOULDNT THEY SET THE XDATE FOR THE 14TH THEN? TO ME, THIS IS SAYING THAT YOU NEED TO OWN SHARES BY CLOSE OF THE 15TH, NO? WHERE ARE YOU GETTING 14 FROM?
posted
The company announced today that NASDAQ has set the X-Dividend Date as March 15, 2006. The dividend of 1,000 preferred shares for every 1 common share held of record on March 17, 2006, is to be paid on March 31, 2006.
Think the Ex date is March 15 at 4 pm.
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posted
no disagree to it--if ya buy on the ex-date, no due bills attached. Haven't checked this one's date myself, but "ex-date" literally means "ex-dividend," that is, "without dividend."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
So if I buy more on Monday (3-13). Even though the shares won't settle until the 16th. I will still qualify for the dividend. Correct?
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posted
I BELIEVE THE PR SAID SHAREHOLDERS OF RECORD ON THE 17TH, SO THAT MEANS YOU MUST OWN THE STOCK BY THE CLOSE ON THE 15TH.(THIS IS WHERE THE X DATE COMES IN TO PLAY) THATS WHY I SAY IT WOULD BE NICE TO GET ANOTHER PR FROM THE COMPANY TO CLEAR UP THIS ISSUE, JMO
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quote:Originally posted by SuperSniper00: The record date is set by the company, but because it takes 3 days for stuff to settle, the NASD sets an "x date" or "ex-dividend date" for the stock.
In this case the NASD set the x date for the 15th.
That means as long as you own the stock at 4pm EST on the 14th you will qualify for the dividend. You can sell on the 15th at the opening bell if you want.
If you sell on the 15th you won't be the shareholder of record on the 17th-Record Date.
1) Must own by the 14th at close. To show ownership ON Ex-Date the 15th. 2) Must still have in possesion on the 17th Record date. 3) Sell or hold after the 17th and you still get the divy's. Payable on the 31st. But will probably not show in your account until the 2nd or 3rd week of April.
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quote:Originally posted by SuperSniper00: The record date is set by the company, but because it takes 3 days for stuff to settle, the NASD sets an "x date" or "ex-dividend date" for the stock.
In this case the NASD set the x date for the 15th.
That means as long as you own the stock at 4pm EST on the 14th you will qualify for the dividend. You can sell on the 15th at the opening bell if you want.
If you sell on the 15th you won't be the shareholder of record on the 17th-Record Date.
1) Must own by the 14th at close. To show ownership ON Ex-Date the 15th. 2) Must still have in possesion on the 17th Record date. 3) Sell or hold after the 17th and you still get the divy's. Payable on the 31st. But will probably not show in your account until the 2nd or 3rd week of April.
i believe this post is rot
only the ex-div date matters
"record" is a bunch of archaic nonsense
i betcha i get my divy right after the close on the 14th
nasdaq already has the divy in hand.
divy will be electronically distributed immediately, bcs. otherwise is "kiting"
the div is my property, and nasdaq cant "kite" it
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posted
7 is mostly correct: NASD regional office has confirmed to me before that one can sell after ex-date and still get divvies--the key is due bills. Before ex-date, the shares have due bills attached, so whoever buys shares gets the due bills, entitling them to the divvy. Sometimes you have trouble convincing your broker to go after them, however. Takes persistence...
7, "ex post facto" = after the fact just FYI
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
delta this post in not rot. I have been thru this with ivoc (deep field speedswitch and ivcctec)were given to me free I owned the shares on the x date and recieved the shares days later. by the way deep field was .08 when I got it it is now at .30. hang in there and see what happens.
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posted
The problem is: Who is gonna want to buy after the xdate? There will be billions of shares on the ask and nobody on the bid but .0001 buyers, if any.
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posted
I disagree with weatherbill. The new shares were decided on before the naked shorts, so they did not do this to screw the MM,s. They merely stated that the MMs screwed themselves and those they sold naked shorts to because they won't deliver the new shares.
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from?
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quote:Originally posted by SuperSniper00: The record date is set by the company, but because it takes 3 days for stuff to settle, the NASD sets an "x date" or "ex-dividend date" for the stock.
In this case the NASD set the x date for the 15th.
That means as long as you own the stock at 4pm EST on the 14th you will qualify for the dividend. You can sell on the 15th at the opening bell if you want.
If you sell on the 15th you won't be the shareholder of record on the 17th-Record Date.
1) Must own by the 14th at close. To show ownership ON Ex-Date the 15th. 2) Must still have in possesion on the 17th Record date. 3) Sell or hold after the 17th and you still get the divy's. Payable on the 31st. But will probably not show in your account until the 2nd or 3rd week of April.
i believe this post is rot
only the ex-div date matters
"record" is a bunch of archaic nonsense
i betcha i get my divy right after the close on the 14th
nasdaq already has the divy in hand.
divy will be electronically distributed immediately, bcs. otherwise is "kiting"
the div is my property, and nasdaq cant "kite" it
I stand corrected, Thank you. Learn something everyday.
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-------------------- Take one step forward, no more, no less and next will be revealed... 'A Rich Man's Secret' - http://tinyurl.com/8xwcf
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posted
Well guys I brought 1 million shares.. * 0.0001 Now I put an GTC to sell 1 million shares at 0.15. Now I don't want to lose my shares, because i would like to have all those shares, and hopefully make an copy of bucks later down the road. But!! If those MM'S really need those shares then maybe, just maybe someone will bite.. Who knows there is an lot of crazy crap that happens in the market, right??? later
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