From CrazyC on the iHub board: Thursday, 01/
Post# of 36537
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Posted On: 01/31/2019 5:40:47 PM
From CrazyC on the iHub board:
Thursday, 01/31/19 05:16:50 PM
Re: smokey4 post# 8225
0
Post # of 8226
Just a couple of points to consider regarding the ex-dividend date. FINRA has yet to approve this share dividend and therefore, also has rules regarding late information provided by a publicly traded company.
First point:
http://finra.complinet.com/en/display/display...nt_id=9651
(c) Late Information Re: Ex-Dividend, Ex-Warrants Dates
If definitive information is not received sufficiently in advance of the record date to permit designation of an ex-dividend or ex-warrants date in accordance with paragraph (b)(1) of this Rule, the date designated shall be the first business day which, in the opinion of the Committee, shall be practical having regard to the circumstances pertaining.
Second point:
"Contrary to a common misperception, the ex-dividend date is not set by the company. It is set by the stock exchange the company's stock is traded on."
From OTCMarkets and keep in mind that GNBT is listed as an OTCQB tier stock not a Pink Sheet tier stock.
Who do companies contact about a merger, stock split, dividend or other corporate action?
Companies should contact FINRA's Operations Department at +1 866.776.0800.
OTCQX and OTCQB companies should also notify OTC Markets Group's Corporate Services at 212.896.4420 (or by email at issuers@otcmarkets.com).
OTC Markets Group must receive confirmation of corporate actions from FINRA for all corporate actions before any change will be made on the OTC Link® ATS OTC Link® or on OTC Markets Group's website or data feeds.
Keep checking the FINRA daily list for OTC Equites - Dividends / Distributions / Splits for approval of the special stock dividend.
http://otce.finra.org/DLDividendsDistributionsSplit
Once it is approved by FINRA, it will have all of the pertinent dates associated to the dividend.
Thursday, 01/31/19 05:16:50 PM
Re: smokey4 post# 8225
0
Post # of 8226
Just a couple of points to consider regarding the ex-dividend date. FINRA has yet to approve this share dividend and therefore, also has rules regarding late information provided by a publicly traded company.
First point:
http://finra.complinet.com/en/display/display...nt_id=9651
(c) Late Information Re: Ex-Dividend, Ex-Warrants Dates
If definitive information is not received sufficiently in advance of the record date to permit designation of an ex-dividend or ex-warrants date in accordance with paragraph (b)(1) of this Rule, the date designated shall be the first business day which, in the opinion of the Committee, shall be practical having regard to the circumstances pertaining.
Second point:
"Contrary to a common misperception, the ex-dividend date is not set by the company. It is set by the stock exchange the company's stock is traded on."
From OTCMarkets and keep in mind that GNBT is listed as an OTCQB tier stock not a Pink Sheet tier stock.
Who do companies contact about a merger, stock split, dividend or other corporate action?
Companies should contact FINRA's Operations Department at +1 866.776.0800.
OTCQX and OTCQB companies should also notify OTC Markets Group's Corporate Services at 212.896.4420 (or by email at issuers@otcmarkets.com).
OTC Markets Group must receive confirmation of corporate actions from FINRA for all corporate actions before any change will be made on the OTC Link® ATS OTC Link® or on OTC Markets Group's website or data feeds.
Keep checking the FINRA daily list for OTC Equites - Dividends / Distributions / Splits for approval of the special stock dividend.
http://otce.finra.org/DLDividendsDistributionsSplit
Once it is approved by FINRA, it will have all of the pertinent dates associated to the dividend.
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