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Posted On: 02/26/2020 2:44:06 PM
Post# of 36541
Joe's reply...
"That’s to bad but I do not make up the rules. If something was misled no one has alerted me or our attornies of it, and for sure dividends are for shareholders not for people to buy stock for a short term gain as evident by auto adjustments. Day traders should be upset cause they can’t benefit from dividends but Kong’s should be happy, company tries to give back to shareholders with no benefit to itself and still no respect and or appreciation, that to me is unreal, but so be it can’t make every single person happy, greed is an evil thing, but again your a long you should be happy, sorry you are not, should never of done these dividends no one appreciates them at all."
my response...
"First off, I am not a trader, I was buying the shares for a long term and to get more NGIO shares for the long term. Second, we do appreciate getting the shares, but we expect to get what we were told. The 2 dividends were always combined in PRs and conf calls. If you had known they would be handled differently, then you should have stated that in the PRs and conf calls. You are backpedaling here where the easy answer is to give the shares to the buyers last week. It is not our fault that FINRA did not post backup information until Monday 2/24/2020. In fact, in all you PRs and conf calls, you made it a point to tell everyone that if they sell between the record date and the ex date, they will lose their shares to the buyers thru due bill process. You should have said you will lose your GNBT dividends to the due bill process but keep your NGIO dividends. Joe, I am a very lever headed guy, but you are incorrect in this case."
"That’s to bad but I do not make up the rules. If something was misled no one has alerted me or our attornies of it, and for sure dividends are for shareholders not for people to buy stock for a short term gain as evident by auto adjustments. Day traders should be upset cause they can’t benefit from dividends but Kong’s should be happy, company tries to give back to shareholders with no benefit to itself and still no respect and or appreciation, that to me is unreal, but so be it can’t make every single person happy, greed is an evil thing, but again your a long you should be happy, sorry you are not, should never of done these dividends no one appreciates them at all."
my response...
"First off, I am not a trader, I was buying the shares for a long term and to get more NGIO shares for the long term. Second, we do appreciate getting the shares, but we expect to get what we were told. The 2 dividends were always combined in PRs and conf calls. If you had known they would be handled differently, then you should have stated that in the PRs and conf calls. You are backpedaling here where the easy answer is to give the shares to the buyers last week. It is not our fault that FINRA did not post backup information until Monday 2/24/2020. In fact, in all you PRs and conf calls, you made it a point to tell everyone that if they sell between the record date and the ex date, they will lose their shares to the buyers thru due bill process. You should have said you will lose your GNBT dividends to the due bill process but keep your NGIO dividends. Joe, I am a very lever headed guy, but you are incorrect in this case."
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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