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Do I have to hold the stock until the 30th or can I sell and still receive the free shares?
CORAL SPRINGS, FL -- FSBO Media Holdings Inc. (OTC: FSMH) announced that its Board of Directors has approved a 15 for 1 forward stock split of the Company's common stock. Each shareholder of record at the close of business on May 19, 2006, will receive 15 additional shares for every outstanding share held on the record date. The shares will be mailed on May 26, 2006. The X date will be May 30, 2006.
The forward stock split for FSBO Media Holdings Inc. will be issued as free trading shares for stockholders who hold free trading shares, and restricted for those stockholders who hold restricted shares, as of the record date of May 19, 2006. All shareholders that have free trading shares in their brokerage accounts will be credited automatically by the transfer agent and those shareholders of restricted shares will have their stock sent to them directly from the transfer agent. The board of directors believes that this action will increase shareholder value and create more trading liquidity.
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yes you must hold until the x date, which is the 30th in this case...well you dont have to hold until then but you do need to own them on the 29th at 4pm
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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