Mensa Mining Corp (EQBM): Q. What does "Will not be quoted Ex" rea...

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poesternb

Re: None

Tuesday, 11/28/2006 8:03:08 PM

Tuesday, November 28, 2006 8:03:08 PM

Q. What does "Will not be quoted Ex" really mean?

My interpretation is as follows:
1) If you own shares as of the close today, you will be a shareholder on the record date (12/1) and will receive the dividend payment from the company. BUT...see below...
2) The ex-dividend date is 12/18 (12/16 is a Saturday).
3) If you sell your shares prior to 12/18, you are selling them on a "dividend-on" basis. Meaning you are not only selling your EQBM shares, but you are also selling your SOMPF dividend shares and warrants. These will be delivered to the purchaser.
4) If you buy shares after today and through 12/15 (payment date), you are buying EQBM shares on a "dividend-on" basis. Although you will not receive the dividend payment directly from the company (since you weren't a shareholder on the record date), you WILL receive the dividend from the seller of the EQBM shares.

All JMHO. Please base your trading decisions upon your own research.

http://www.sec.gov/answers/dividen.htm

http://www.ex-dividend.com/howitworks.html