Posted On: 10/05/2015 12:53:28 PM
Post# of 11039
That's what I thought too, with respect to the note conversion.
So please feel free to provide insight on my thought process.
CRGP funds dividend and disburses the dividend through DTCC. Between the announcement and Ex Div Date, shares were converted and released into the market. If Calissio issued the shares, and paid on them, then COR (COR's clients) would have received the Dividend funds through DTCC and thus would have to pay the due bill. But if they did not receive the dividend through DTCC, then why would they be left with the bill?
I could be thinking about this all wrong, so I am open to different scenario explanation.
If illegal conversions, then the fault lies somewhere between COR's Clients and CRGP/TA, maybe both. Then again, no merit as there are no clean hands.
So please feel free to provide insight on my thought process.
CRGP funds dividend and disburses the dividend through DTCC. Between the announcement and Ex Div Date, shares were converted and released into the market. If Calissio issued the shares, and paid on them, then COR (COR's clients) would have received the Dividend funds through DTCC and thus would have to pay the due bill. But if they did not receive the dividend through DTCC, then why would they be left with the bill?
I could be thinking about this all wrong, so I am open to different scenario explanation.
If illegal conversions, then the fault lies somewhere between COR's Clients and CRGP/TA, maybe both. Then again, no merit as there are no clean hands.
(0)
(0)
