Re: Information about DDI from KWG's Mthly Report
in response to
by
posted on
Dec 09, 2011 10:33AM
Adding Diamonds to the "Ring" of Fire
C.G: "December 15, 2011 was set as the record date for the distribution of the shares of Debut Diamonds Inc. (CNSX: DDI) to shareholders of KWG. For every 100 shares of KWG then held, shareholders will receive six (6) shares of Debut Diamonds Inc. on December 28, 2011. - Her Worship Chief Theresa Okimaw-Hall has been appointed Executive Director of Canada Chrome Corporation".
The above quote is taken from the post by Rocklicker. I think he was paraphrasing, but I can't find the original document. I guess it will be on Seder.
I just find that lawyers frequently use ambiguous words, as in the above (if it is an exact quote).
I just shake my head when I read the legalese of proxies. Lawyers get paid big bucks just so as to confuse the likes of me (and most of the general public). Isn't it because of lawyers' shenanigans that the world nearly tumbled over a cliff in 2008!!!
I often buy shares just to get the dividend. I'm very careful to note the date on which I must buy the shares and how long I must hold them. Every company is not the same. Once I missed out by selling too soon. An expensive lesson.
Anyway, thanks for the answer you gave. I was hoping for a Christmas present; and who knows maybe it is one in disguise. If we can't sell as soon as the shares are listed on CNSE maybe we'll get a better price on the 29th.
MERRY CHRISTMAS.
GG.