It was spelled out in the SEC filing, that the sel
Post# of 56324
Posted On: 12/02/2015 1:33:00 PM
Re: SIObserver #53900
It was spelled out in the SEC filing, that the seller would have to transfer the FITX shares and CEN shares until such time the two were separate. One would think the current owner would hang tight until the distribution date.
http://www.sec.gov/Archives/edgar/data/165382...x99z1a.htm
For every 700 shares of Creative common stock held of record by you as of the close of business on November 30, 2015, the record date for the distribution, you will receive one share of CEN common stock. No fractional shares of CEN will be issued. As discussed under The Separation and Distribution—Trading Between the Record Date and Distribution Date, if you sell your Creative common shares in the "regular-way" after the record date and before the distribution, you also will be selling your right to receive shares of CEN common stock in connection with the separation. CEN expects the shares of CEN common stock to be distributed by Creative to you in the month following November 30, 2015, with an anticipated date of November 30, 2015. CEN refers to the date of the distribution of the CEN common stock as the "distribution date."
http://www.sec.gov/Archives/edgar/data/165382...x99z1a.htm
For every 700 shares of Creative common stock held of record by you as of the close of business on November 30, 2015, the record date for the distribution, you will receive one share of CEN common stock. No fractional shares of CEN will be issued. As discussed under The Separation and Distribution—Trading Between the Record Date and Distribution Date, if you sell your Creative common shares in the "regular-way" after the record date and before the distribution, you also will be selling your right to receive shares of CEN common stock in connection with the separation. CEN expects the shares of CEN common stock to be distributed by Creative to you in the month following November 30, 2015, with an anticipated date of November 30, 2015. CEN refers to the date of the distribution of the CEN common stock as the "distribution date."
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