CanAsia Energy Corp CECAF

Record Date

[nozzpack]

Anyone clear as to what the record date is to receive the dividend ?

Presumably post Aug 23 ?

[quicksilver545]

Deal not approved yet. It's not a dividend, so I don't think there will be a record date, but effective date likely August 23. Not sure if it will trade much after that, or just halt trading once deal is approved. CanAsia share distribution hopefully will be around the same time as the cash distribution. It's a whole new ticker as I understand it, so will likely be an untradeable

[nozzpack]

The reason is that we will have along wait for our money, especially the Canasia spinout. Market volatility if not recessionary collapse could happen in the interim. This is a much different situation that initially assumed..

[radcat]

Canasia will not bring on Sawn Lake with CWS continues to trade lower. It will be a dormant asset stiing there waiting for oil to resume its climb. If the shares trade at some rediculous price, say 5 cents or lower, what would stop management or anyone else to buy SL for next to nothing. There has never been a value placed on Sawn and it that remains to be the case this would be cause for concern.

[nozzpack]

I agree. Sawn Lake will be a drag on our cash position while management continue to get paid regardless how low oil prices are. This is a retirement listing for management..