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.
Technology Stocks : Creative Computers(MALL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rock_nj who wrote (360)11/20/1998 6:08:00 PM
From: Tom Hua  Read Replies (2) of 1634
 
Rock, they probably won't announce the record date to qualify for UBID shares. There's time for the company to do so next year. They still have to clear all tax legalities with the IRS to assure the distribution is treated tax free.

For the purpose of discussion, assume the date of record is June 30, and MALL trades at $x/share, while UBID trades at $y/share on June 30. Then on July 1, the price of MALL will immediately drop to approximately (x-0.719*y). It works out similarly to a stock split. Make sense?

Regards,

Tom
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