But I don't think they can do that. In order to do that, they'd have to keep all of the shares of DDI. You can't just give something out to shareholders without your market value being reduced (implicitly) by the same value.

I do believe that KWG is sitting on the trigger with their previously announced plan to buy shares in the open market when opportunities present. So they may have an order in for shares at 7 cents or something like that to prop up the price.

I was under the assumption that the if the date of record is today, that would be after market close. It is possible that they did the count at market open instead? With three days for trades to settle, that would mean that as of the opening bell on the 15th, the three days would have passed.

Or would this mean that trades made three days before today's closing would impact who gets the distribution?

This is kind of confusing.