TNRG Tianrong Building Materials Message Board

STOCKTALK

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 : TNRG Tianrong Building Materials

TNRG 0.0300

+14,900.0%

Jul 17 12:46 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tony p who wrote (7954)	5/21/1999 8:01:00 PM
From: Colin Cody	Read Replies (1) of 9824

Tony, Yes, I agree, the 3 day settlement needs to be taken account of. Generally (but not always) a retail investor buys a stock but it does not actually happen for three days hence. THAT is what the big confusion SHOULD have been over i.e. what is the RECORD DATE? May 17th or May 20th? The answer was made clear in the press release. It is May 17th ASSUMING that the buyer wouldn't get the shares for three days or May 20th, the official RECORD DATE. The ExDate therefore was May 18th assuming that three days would pass making it May 21st. In ANY CASE, today May 21st is clearly AFTER the record date, and actually for 99.9% of the cases the Ex date was actually three days ago, May 18th. As the press release CLEARLY stated, buy your shares by May 17th so that you will be a holder on the RECORD DATE of May 20th. Colin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next