I am sure gnbt keeps track of which shares do not

I am sure gnbt keeps track of which shares do not get dividend. So, 8/31 is the record date. All the shareholders who have shares on the record date, besides note holders, insiders, etc will receive dividend on their shares from gnbt. Let’s say I am a note holder, gnbt will not give me dividend for my shares and if I were to sell my shares after 8/31, and since my shares don’t come with dividend, I will get a due bill on 10/29 or later (not sure exactly which date) to pay the dividend. In other words, if a note holder were to sell 100 shares now, those 100 shares do not have dividend attached. So on 10/29 or later, the note holder will receive a due bill to pay 100 shares of dividend. So there is no financial incentive for note holders to sell now, unless they are gamblers, who think gnbt’s PPS will be lower than what they are selling now, so they sell now and plan to buy back later or they have so many shares that they are willing to sell 2 shares for the price of 1...in other words, for example, they will get $2.35 for selling 1 share, but because they have to give 1 dividend share to the buyer later, so the total they will be getting for losing 2 shares is only $2.35.