RE:what happens to the buyers and sellers since Monday May 16 | | Wed May 18, 2016
Sunridge's Transfer Agent Closes Shareholder Register
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| | Sunridge Gold Corp. (the "Company" or "Sunridge") advises that Computershare, the Company's transfer agent, will close the Company's shareholder register at the close of business May 18, 2016 and requests to transfer shares after this date will be rejected.
The Company's shares were de-listed from trading on the TSX Venture Exchange and the OTCQX on May 13, 2016, to allow all trades up to that May 13, 2016 date to settle by May 18, 2016. May 18, 2016 is the record date for shareholders to be entitled to a return of capital to be paid in two distributions (the "Record Date Shareholders"). The first distribution will be paid to the Record Date Shareholders within 5 days of the Record Date. The second distribution to the Record Date Shareholders will follow approximately six months later. |
First time posting on this site so hope I don't get jumped on. I was wondering about the same thing. I think if computershare does what the press release says, the people who were registered shareholders on the 18th will get all the money and anone buying shares these days is just throwing their money down a dark hole. On the other hand, those selling their shares are probably basically dishonest. The other thing that I'm wondering about is that the payout is supposed to be within 5 days of the record date. Not 5 business days, five days. That would mean the payout should be on Monday. I tried to get hold of investor relations to confirm this but didn't have any luck. I'm a little skeptical about money hitting the accounts on a holiday but we will see.