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your unwarranted insult/snippiness will stand, while i get my posts deleted, fair enough. i was respectful to you, but putting me down doesnt make you any more correct, its not like im speigel over here, im not the enemy, and i doubt youd be that disrespectful to my face
The brokerage gets a number of new shares based on the number of real shares (ones that originated outside the brokerage) in the brokerage.My assumption is the split event causes all shares to be accounted for and the new shares to be assigned to specific existing shares.
The same way two real shares don't exist when A's shares are lent to B and sold to C. A's account shows a share as does C's, but between them there is only one share.This is pretty basic accounting. Why would "real shares" need to exist when someone sells their shares but not when 4 new dividend shares are assigned to each existing share on a given date of record? That would make no sense.
The brokerage gets a number of new shares based on the number of real shares (ones that originated outside the brokerage) in the brokerage.
The same way two real shares don't exist when A's shares are lent to B and sold to C. A's account shows a share as does C's, but between them there is only one share.
Post event, each account shows five shares, and only 5 shares exist.
Really, the brokerage has millions of shares and only a percentage are lent, so it is quite fluid/ liquid.
I honestly don't know. If I wanted to, I could figure it out but that would bring others out of the woodwork to "discuss". Don't have the energy to deal with it. Like you (mostly), I am a long term holder of equity, so this split is just one of those things that happens along the way to successful investing.I'm assuming it would be the date of record (today) but I don't know if they would have some leeway in getting around that and doing the last bit of covering next week while all the records are being compiled. The more I think about it, for the kind of scheme I outlined, they could probably continue to "make things whole" in the beginning of next week.
Please, we are all adults here.
We're closing in on $2100....let's all be happy with that!I honestly don't know. If I wanted to, I could figure it out but that would bring others out of the woodwork to "discuss". Don't have the energy to deal with it. Like you (mostly), I am a long term holder of equity, so this split is just one of those things that happens along the way to successful investing.
The intern forgot to get new battery for his wireless mouse.I think something just snapped
The intern forgot to get new battery for his wireless mouse.
so if I bought a share at $2100 pre-split, post split it would listed in my account as 5x $420, right? I missed $420 the first time around (coz I'm all smart like that, and wasn't going to buy into the rise, instead deworsifying my account) and now I don't have enough dry powder to swing the share.We're closing in on $2100....let's all be happy with that!
so if I bought a share at $2100 pre-split, post split it would listed in my account as 5x $420, right? I missed $420 the first time around (coz I'm all smart like that, and wasn't going to buy into the rise, instead deworsifying my account) and now I don't have enough dry powder to swing the share.
Hmmm... would buying 0.2 shares at $2100 result in a single at $420?
We're closing in on $2100....let's all be happy with that!
"Considering taking the company private at 420. Funding NOT secured."Yeah it 100% is a stock price meets 420 comment. lol