The S-1 was waiting on the div, not the other way
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Posted On: 02/20/2020 2:41:50 PM
The S-1 was waiting on the div, not the other way around. The div would theoretically roll on regardless of the S-1 approval... unless a dispute over the divs or shares (such as the Discover issue?) stops it again.
The Discover Note is listed in the S-1, but it occurred on 12/9/19. The note is a done deal that is not contingent in any way on the S-1, but it is shown as a consideration for those looking at the prospectus.
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But doesn't it still have to all wait to be approved by the SEC for the S-1? So, if the S-1 does not get approved until after the Dividends, they wouldn't get the dividends. So, they can't get the shares until after the dividends anyways.
The Discover Note is listed in the S-1, but it occurred on 12/9/19. The note is a done deal that is not contingent in any way on the S-1, but it is shown as a consideration for those looking at the prospectus.
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But doesn't it still have to all wait to be approved by the SEC for the S-1? So, if the S-1 does not get approved until after the Dividends, they wouldn't get the dividends. So, they can't get the shares until after the dividends anyways.
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