Selling means you’ll never get your dividend!
$Meta Materials Inc. Class A Preferred Stock(MMTLP.US$ $Meta Materials(MMAT.US$
Buy only. You’re trading your rights to the dividend. The actual dividend is not yet known. If you sell this away now, you’ll no longer be entitled to the dividend.
Buy only. You’re trading your rights to the dividend. The actual dividend is not yet known. If you sell this away now, you’ll no longer be entitled to the dividend.
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tothemoooonnn : what if for instance, person A has 100. He bought extra 500, the price went up can he sell the 500 and keep the 100? like is he still entitled to the dividend?
被割的韭菜OP tothemoooonnn: It depends. If it is FIFO transactions, the person will have sold away 100 of the original preferred shares. If this trading of preferred shares is not legitimate, the remaining 100 shares might be synthetic and not eligible for the dividend.
100 old + 500 new = 600
600 - 500 (comprising of 100 old + 400 new) = 100 new
If new are not valid, you’re stuck with the share price and no dividend.
chris from queens 被割的韭菜OP: perfectly explained!
tothemoooonnn 被割的韭菜OP: nice detailed explanation thank u.
Loopy Snoopy : while doing DD, many have suggested to puchase MMTLP with different broker than the original divi’s broker, so if one does sell, to sell with new broker and keep original divi…. but I do not understand completely? will original divi shares reflect same excact price as MMTLP?
被割的韭菜OP : for a long explanation of what is going on, watch this video.
https://www.youtube.com/watch?v=IEBoXPwPYVE
被割的韭菜OP Loopy Snoopy: the price of this share is not divi. even if this share is worth $0, you will get the divi deposited straight into your account.
what you are trading here is for the marker (which may be fake) to state that you are in line for the divi (subjected to whatever eligibility checks they may have later).
Loopy Snoopy : even if marker and MMTLP are with 2 different brokers?
i.e. i hold marker with 1 broker, and hold MMTLP with different broker. my intention is to increase marker shares
被割的韭菜OP Loopy Snoopy: Maybe the other broker marker might be fake but yeah maybe you’ll get divi on the other broker too. my guess is as good as yours.
Loopy Snoopy : THNX ALOT FOR YOUR TIME AND INSIGHT.
Good Luck Toya
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