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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: Sowbug who wrote (2369)5/21/1998 4:40:00 AM
From: wlcnyc  Read Replies (2) of 4783
 
>>> The only possible conclusion is that the warrants "travel" with the shares. I.e., when you buy a share from someone, you're buying the share and all the rights pertaining to that share. <<<

Admittedly, I am very new at all this, but I would doubt that is the only possible conclusion. Warrants CAN be sold separately from the stock.

The only example that I have of this sort of thing was "rights" that I received for a listed stock that I owned. They were maintained in my account separately from the stock. And in fact, I sold the stock about 3 weeks before I sold the "rights."

The more I read your response, the more I wonder if I really understand what you are saying. In the rest of statement, you say

>>>when you buy a share from someone, you're buying the share and all the rights pertaining to that share.<<<

Maybe you are saying that "when you buy a share from someone *BEFORE* the issuance of the "dividend" (i.e, warrants)...." If that is the case, then why would there be a record date at all? Sounds to me like the only date that would be necessary would be the issuance date!?

Maybe I am misunderstanding what you are saying. I apologize if I am. However, maybe other "newbies" could be misunderstanding also.

Could you clarify a little more...maybe I am just dense.

Thanks

Bill
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