Hello there. I received a message that I was bein

Hello there. I received a message that I was being summoned to join this discussion group so here I am.

So, I just spent way too long trying to analyse the rules regarding dividend payouts of spin-off shares in an attempt to determine exactly when you need to have shares; whether they need to have been settled purchases on said date, and when you could thereafter sell MCIG while still retaining the Vitacig shares and that analysis gave me a headache like you would never believe.

What I understand is: a. MCIG can choose the record date. They chose the day after the effective notice is filed. I havent been able to confirm whether or not your shares must be already settled purchases on the record date, maybe someone can point me to a specific rule but the wording in one of MCIG's P.R.s that you need to hold a beneficiary interest in the shares sould seem to me that settlement of the purchase is not required as long as the buy trade has been made. That (as well as everything else I say) could be wrong; but what I don't understand is the language regarding 68 shareholders, since there are more than 68 shareholders, I assure you. That throws me off a bit.

The rest of it I think I could potentially understand, though MCIG likes to sound like they get to choose the Ex-date, that is in fact not up to them, its by operation of the rules governing tthis type of dividend. This could mean 1 of 2 things. 1, MCIG knows that the Ex-Date will be the same day as the REcord Date because the value of each Vitacig share (and I dont know how that works either) could be set at over 25% of the value of 1 share of MCIG; which would explain all the perceived manipulation of the stock price lately, getting it to place where a .05 Vitacig IPO would be just over 25% of the value of MCIG and thus, their claimed ex-date would be consistent with the rules. With all that, that may mean that you can buy mcig shares all the way through to the day following the effective statement and be eligible for those shares and then apparently you can sell them the next day since they say the distribution date of the share is also the same date as the record date and ex-date. Otherwise, if vitacig shares are not valued over 25% of whatever MCIG shares are worth, then the Ex-Date would notbe what MCIG claims it is, it would be 2 days prior to something (i forget now..maybe the date of the effective statement), which would then mean you couldnt get a dividend when the effective notice was filed, it would be too late by then. But MCIG appears to believe that a vitacig share is worth over 25% of the value of MCIG i suppose., at least initialy, so guess what; that means MCIG should bounce really high really soon. Whether or not there's a sell off after that we can talk about when i am not completely delirious and making absolutely no sense.