Dividend Date Friday, Dec 17
posted on
Dec 10, 2010 09:22AM
Edit this title from the Fast Facts Section
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Have not posted in a long, long while. But, here goes...
From the Oct 22 update clarification: " The Dividend date determined for shareholders of record of BEHL will be the end of the trading day, December 17th, 2010. Based upon management's prior experience, the estimated distribution of the dividend stock should occur approximately three to four weeks after the December 17th, 2010 record date. Each ten (10) shares owned of BEHL stock will result in a dividend of one (1) free trading share of BNPD being issued to all shareholders of Record as of December 17th, 2010. "
If you believe in this play, you should be aware of the dividend date. Although Dec 17 is a week from today, it typically takes as long as three working days for a trade to settle and for you to become the owner of record. So, that would make Tuesday, Dec. 14 as the last day to get in and become the owner of record and be eligible for the dividend.
Prior to today's open, BEHL is at 0.005 and BNPD is 0.0010, so the dividend looks like a juicy 20%. At this price, you can get a million shares of BEHL for 500 bucks, and the dividend will get you 100k of BNPD. Looks pretty good, eh? However, Do Not be greedy. Set your own personal limits. Do not get into this thinking that you could lose it all, but understand that all very well could be lost - considering the way the sp has moved over the last several months.
As always, I like to strongly suggest that your overall portfolio be invested/playing a very, very small percentage in speculative stocks. Stick with stocks you know intimately for the bulk of your portfolio, and play the specs for enjoyment knowing they can be easy-come and easy-go.
Best to all.