Posted On: 11/21/2015 7:33:31 AM
Post# of 96895
Re: STEEL PENNY #39919
Steel, the NTGL payout is NOT actually a dividend but considered a distribution. There is a huge difference therefore as a distrubution there are no constraints on the $$ figure you can receive.
When the whole NTGL spinoff was announced early 2015, I had many EM exchanges with Lorraine Cullivan, & IR as to the payout percentages.
I was not getting a clear answer until I emailed David Foley (Feb 2015) and he explained the NTGL payout was NOT a dividend but considered a distribution.
Relax everyone you will receive your NTGL share "distribution" and when they hit your account, I would hold on to them as the naked short position in NTGL is even greater than that of NTEK. Huge huge upside, ask Alan
When the whole NTGL spinoff was announced early 2015, I had many EM exchanges with Lorraine Cullivan, & IR as to the payout percentages.
I was not getting a clear answer until I emailed David Foley (Feb 2015) and he explained the NTGL payout was NOT a dividend but considered a distribution.
Relax everyone you will receive your NTGL share "distribution" and when they hit your account, I would hold on to them as the naked short position in NTGL is even greater than that of NTEK. Huge huge upside, ask Alan
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