/biz/ - Business & Finance

so, in a nutshell:
1. GS issued a notice of corporate action for a 4:1 stock split via dividend, or "splividend"
2. this action results in each shareholder as of the record date to receive 3 additional shares for each share held
3. GS gave the green light to CS to do it
4. CS issued the splividend shares to DRS clients first, then sent the balance to the DTCC for distribution to book/street holders
5. the kerfuffle which has got everybody's panties in a bunch is that the DTCC told everyone to execute the corporate action as a share split, as opposed to issuing the shares from those left over by CS
6. neither the splividend nor the split results in a material change on a holder's balance sheet (total $ remains the same), which is kind of misleading because a dividend does and is a taxable event
7. proceeding via a stock split instead of issuing shares as dividend would presumably allow the DTCC to avoid "running out" of shares -- avoiding a potentially disastrous paper trail that could lay out a fraudulent tableau the which has never been seen on this planet
8. everyone, including CS, is absolutely fucking confused at wtf is going on, finger pointing has begun
9. (speculation) this is working as intended by the GS board to turn on the lights on a very opaque situation

am I getting this right?

>I just wanted a homestead farm on a nice wood lot with a river or lake