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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: tony p who wrote (7979)	5/21/1999 11:55:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 9824

tony, From Intermediate Accounting Chapter: Investments-Stocks: "After the record date, stock no longer carries a right to dividends and sells 'ex-dividend' (stock is normally quoted ex-dividend or ex-rights two full trading days prior to the record date because of the time required to deliver the stock and to record the stock transfer). Accordingly, a stockholder is justified in recognizing the corporate dividend action on the record date. At this time a receivable account may be debited and Dividend Income credited." ------------------------------------------- From the Glossary of Terms found at: nasd.com dividend Distributions to stockholders of cash or stock declared by the company's board of directors. dividend notification A requirement that companies notify the Uniform Practice Department of The Nasdaq Stock Market at least 10 days in advance of the record date of a stock dividend so that Nasdaq can set the ex-dividend date. (See ex-dividend date) record date The date on which a company's records are closed to determine which stockholders are to be sent dividends, proxies, rights, etc. ex-dividend date The date on or after which a security begins trading without the dividend (cash or stock) included in the contract price. (See dividend, dividend notification) ------------------------------------------ Remember, the Company stated in the official public release that if you own the stock at the close on May 20th, you are GUARANTEED to get the dividend. If the Company did not make this statement SO CLEARLY, we might be able to draw other conclusions. The NASD says the RECORD DATE is THE date used to determine WHO GETS THE DIVIDEND. Not only that, the COMPANY said they GUARANTEE delivery to those stockholders of the RECORD DATE of May 20th. Colin