Paul, that is the question! If the shares sold by Creek (up to 4M) do not have the dividend attached, which we know they don't, then who is going to give us the dividend? GNBT set the record date at 8/29/19, so a list of shareholders and quantity of shares was compiled by GNBT. On 11/29, GNBT will deposit with the DTC that number of shares to be deposited into shareholders accounts. So, now you don't get those shares because you bought Creek shares. How do you get your shares? According to Joe, the brokerage firm for Creek will have to buy shares to add to those accounts and then they go after Creek (or take from their account like a margin account by selling other positions they have). But will that happen? If you are a brokerage firm and Creek is your client, they have lots of money with you and trade, you accepted the shares and sold them, will you have the balls to cut off the hand that feeds you? Or are you going to wait and see what happens?
Then you have the issue that all brokerage firms may just double our shares (even the Creek ones), since FINRA has a 2:1 stock split on the books. They may just arbitrarily double the shares. Now an investor sells shares they should not have rec'd and will have to buy them back at the market until this is settled and they get the shares from Creek.
No one knows what will really happen.
Then you have the issue that all brokerage firms may just double our shares (even the Creek ones), since FINRA has a 2:1 stock split on the books. They may just arbitrarily double the shares. Now an investor sells shares they should not have rec'd and will have to buy them back at the market until this is settled and they get the shares from Creek.
No one knows what will really happen.
Quote:Is the fight between the buyers and Creek? Shouldn’t the brokerage firm demand dividend shares from Creek?
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
