Silicon Investor (SI) -- The First Internet Community

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 : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: sweez who wrote (9725)	10/1/1998 2:49:00 PM
From: TraderGreg	Read Replies (3) \| Respond to of 11708

This whole issue of Date of Record vs X Dividend(Distribution) Date is what prompted me to check. I also asked Gary to check. So far, my Scottsdale rep said that the Date of REcord(which for CSMA was 9/30/98) is a reference date for companies to know who to send dividends to. The X dividend date, typically in the future, is the date the dividend is distributed. My Scottsdale person said that if someone sells CSMA after the Date of REcord, like today, or tomorrow, that a tag is appended to the stock to tell the clearinghouse that spin offs or dividends go along with the parent stock. Gary, hopefully, will be able to verify this as well. In any event, it means that buyers of the stock up till the day before it goes X dividend will get the spun off shares. BTW, the other reason I believe the above is correct is this. Since the spinoff amounts to a break out of virtually the whole company, the stock price would have been a lot lower right now. Check with your broker as well. TG