Posted On: 09/27/2015 6:57:01 PM
Post# of 11039
According to FINRA the merger can not go forward without their approval and they have not given it as yet.
According to FINRA rule 11140b2 states any dividend over 25% of the pps of the stock will have the ex-dividend date set the day after the payable date, therefore no matter what Calissio "wanted' to do, by paying a dividend of over 25% of the price of their stock they had to abide by paying the dividend to everyone owning the stock on ex-dividend date not just those of record date. So quit trying to blame FINRA for the screw up in the dividend.
According to FINRA rule 11140b2 states any dividend over 25% of the pps of the stock will have the ex-dividend date set the day after the payable date, therefore no matter what Calissio "wanted' to do, by paying a dividend of over 25% of the price of their stock they had to abide by paying the dividend to everyone owning the stock on ex-dividend date not just those of record date. So quit trying to blame FINRA for the screw up in the dividend.
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