posted
just my 2cents,, but it said u hafta own the shares by the 25 of march,, wich is saturday,,,, so my guess is friday would be the last day to trade,,, which is when i think u will see a lot of people selling shares,,, hopefully price wont go down from people selling,,,,,
-------------------- Sometimes its easier to beg for forgiveness than ask for permission. Posts: 234 | From: pa USA | Registered: Nov 2004
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posted
Safe bet would be to get in tomorrow. 3 day settle by Friday that way. TWOG's PR really doesn't say. Also this what they call "divy" is more like a reverse merger than a dividend. Which would mean you should be able to buy up until Friday.
But I don't know. I'm in already and settled so it doesn't matter for me. Tomorrow would also be a good day to get in because the price is going to keep going up from here on, I think. JMO
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
This is JMHO, after reading the NASD rules for dividends over 25% of stocks value.
The record date will only be important to the two companies involved since the number of shares on record will be how they determine the ratio of TWOG shares to ILGY shares.
If you trade the stock after the record date you trade the dividend. The Ex-date will be one day after the pay date.
I think that is why the PPS has not risen as significantly as expected.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
wallymac is right. The record date means nothing to the shareholder. You have to wait until the ex-date is set. The shares you have after the record date have the "divy" attatched to them and will follow the shares around as they are traded. YOU CAN ALWAYS BUY UP UNTIL ONE DAY BEFORE THE EX-DATE AND YOU WILL GET THE DIVY. The Ex-Date means without dividend - meaning the divy to the shares owned at the end of the trading day before the Ex-Date go to the person that is holding those shares at the end of the trading day before the Ex-Date. You will see your divy show up 2 days after the Ex-Date into your account!!!!!! That's all you need to know.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
This is a little different in that the TWOG shares will dissappear of course but the "divy" is still a "divy" in which the "divy" = "1 ILGY for 10 TWOG". This "1 ILGY for 10 TWOG" is what will be attached at the end of the trading day of the Record Date to each share and will stay attached to each share until the end of the day before the Ex-Date.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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posted
Anybody knows the requirements to go from pinksheets to OTC, or NASDAQ? Does ILGY has to be above $1.00?
The "divy"? The PR mentions "dividend", but TWOG share will disappear in exchange for ILGY. When is the last day for trading TWOG, Friday or mid April? Is it valid to have a trading gap, three weeks out of the market?
Still have to define all these details to make this run.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
IF I'm reading this correctly, TWOG will continue to trade until the EX date is established. On the EX date TWOG shares will become ILGY shares according to whatever the ratio is determined at that time.
So share will be able to be traded until mid April according to what the PR stated.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
This is clear as mud, i thought i was the only one that was not sure, thats why i got out. First it went from 100-1 to 1000-1 RS on BDWH this changed things on TWOG. Now are you getting 1-10 on TWOG+full share for your TWOG for ILGY or our you getting just 1 ILGY for 10 shares of TWOG which i do not consider a dividend. You can still make out either way but i chose not to stay. I just did not like these games, hope you all make good money.
Posts: 3875 | From: ca. | Registered: Jul 2005
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quote:Originally posted by IWISHIHAD: This is clear as mud, i thought i was the only one that was not sure, thats why i got out. First it went from 100-1 to 1000-1 RS on BDWH this changed things on TWOG. Now are you getting 1-10 on TWOG+full share for your TWOG for ILGY or our you getting just 1 ILGY for 10 shares of TWOG which i do not consider a dividend. You can still make out either way but i chose not to stay. I just did not like these games, hope you all make good money.
The 1000-1 R/S was only for BDWH when they changed symbols to bring the price of ILGY up. This had no effect on TWOG at that time. Now we are getting 10-1 shares after the price of the 1000-1 R/S.
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
I don't consider it a dividend either. Every 10 TWOGs are going to be exchanged by 1 ILGY.
Maybe they used the word dividend (verb, not noun) to emphasize there was a profit in the deal, and the way ILGY shares are going to be distributed to shareholders.
I consider those details; there is good money in TWOG’s sale. If it is not immediate it is in three weeks. ILGY stock should also rise after the operation and guess what… we don’t even have to buy it.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
Any way you cut it its a sweet deal,a Twog by any other name is a Ilgy.stop and smell the roses.
Posts: 534 | From: florida | Registered: Feb 2006
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posted
Like I said earlier this deal is more like a reverse merger for TWOG than it is dividend. Either way its a good deal.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
Should I dump half my shares when it reaches .036 (double the price I bought it at) to recoup or do you think I could hold it a little longer and dump less than half?
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
D mort I could not have said it better. Don't let them get your shares cheap Brutus. Look at the charts. This baby is filling up to have a fourth of July finish!! Fireworks are just starting. People never want to miss out on a good run!!!
posted
Weak folders in there. Shake em out. People are going to be sorry they sold this early. This stock is going to run for high levels today. Dmort do you have L2's for this one? Anyone?
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Could be plenty more to come but buy on the dips and ride some free shares.
