SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MIDL .... A Real Sleeper
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James Bender who wrote (2103)7/8/1998 4:10:00 PM
From: CIN-CIU-E  Read Replies (2) of 7039
 
Payable Date is a useless date when it comes to stock splits. For example, lets look at a recent stock split on a well known stock that just took place, Home Depot (This information can be verified with your brokers)
=====================================================================
SECURITY NUMBER: 437076102 ACTIVITY ( UPD ): INFORMATION
TYPE: COMMON STOCK DESC: HOME DEPOT





- - - - - - - - - - - MESSAGE LINES 1 - 7 - - - - - - - - - - ROLL
EPOT, INC." UPDTEXT: 330882:
COMMON STOCK
DECLARED A TWO FOR ONE STOCK SPLIT NEW RATE: 2.000000:
DECLARATION DATE: MAY 27, 1998 OLD RATE: 1.000000:
EX-DATE: JULY 6, 1998
RECORD DATE: JUNE 11, 1998
PAYABLE DATE: JULY 2, 1998
AGENT NAME:

As can be seen, the Payable Date was the prior business day (7/3 market was closed) before the X-Date. The shares were payed into my account on X-DATE.

Hope this helps
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News