Ok, just had a pretty extensive conversation with
Post# of 56324
Posted On: 01/04/2016 3:53:18 PM
Ok, just had a pretty extensive conversation with my broker at Scottrade on the buying of shares post , 'record' date and pre , 'distribution' date and if the free shares of the new company would be available to shares bought between those dates.
First I must qualify that nothing is showing yet at the brokers on the transaction for the broker to actually look at. But, here is the general assumption based on what was known.
In general, and normally, with that type of a spin off, the only new shares that would be available, would be the shares that were held of the parent company on the record date. Past that date, if you bought FITX shares, then you would own ONLY FITX shares and not be entitled to the new shares.
It can be different, but, this is normally. Without the direction specific from the company on the structure, it can not be known what the intent is. So, we are looking at the normal situation in determining what is likely here as there is nothing that would indicate it would be otherwise.
Based on the above, I simply can not say one way or the other....but, in my view, I would go with the thing that occurs normally opposed to speculating on would have, could have, or might have when there is nothing to indicate that I should or could consider anything else.
All JMO of course. GLTA
First I must qualify that nothing is showing yet at the brokers on the transaction for the broker to actually look at. But, here is the general assumption based on what was known.
In general, and normally, with that type of a spin off, the only new shares that would be available, would be the shares that were held of the parent company on the record date. Past that date, if you bought FITX shares, then you would own ONLY FITX shares and not be entitled to the new shares.
It can be different, but, this is normally. Without the direction specific from the company on the structure, it can not be known what the intent is. So, we are looking at the normal situation in determining what is likely here as there is nothing that would indicate it would be otherwise.
Based on the above, I simply can not say one way or the other....but, in my view, I would go with the thing that occurs normally opposed to speculating on would have, could have, or might have when there is nothing to indicate that I should or could consider anything else.
All JMO of course. GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA