Posted On: 08/29/2015 10:42:52 AM
Post# of 11039
BTW - COR did short - They are liable to pay the dividend on shorted shares.
The 25% NASDAQ divvy rule was a slap in the face to everyone (good and bad).
It states since share price was at least 25% below dividend price the ex date was extended to one day after pay date.
COR got punched in the gut and fought back the only way they knew how: LAWSUIT.
I'm hoping this isn't a scam - Either way, they have put the scope on the company for FINRA and the SEC.
Only time will tell :]
The 25% NASDAQ divvy rule was a slap in the face to everyone (good and bad).
It states since share price was at least 25% below dividend price the ex date was extended to one day after pay date.
Quote:Source: https://en.wikipedia.org/wiki/Special_dividend
However, dividends or distributions of more than 25% are subject to 'special' rules for ex-dividend dates. The major difference here is that for these larger distributions or dividends the ex-dividend date is set as the day after payment
COR got punched in the gut and fought back the only way they knew how: LAWSUIT.
I'm hoping this isn't a scam - Either way, they have put the scope on the company for FINRA and the SEC.
Only time will tell :]
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