Posted On: 08/27/2015 4:10:34 AM
Post# of 11039
the 25% rule was both a blessing and a curse.
phx_invest Thursday, 08/27/15 03:34:23 AM
Re: OINGO BOINGO post# 25645
Post # of 25680
the 25% rule was both a blessing and a curse.
For shareholders who bought and held anytime before ex-date, it was a Viagra type experience/windfall. For the co though, they had to pay more than shareholders of record as of 6/30. which cost more than the co was likely planning on spending. Given cash on hand, all were paid. There was no dilution to fund it. The co is not a crack house giving shares out the back door for nothing like some claim.
The PPS is being "managed" by much more than retail shorts. take a look at the ex-date and let me know what the company was to pay if the PPS had closed at say .0035. The note holder held 25m shares (10% max allowance at the time) and with a divy of .011, that is a $275k just for "keeping" the price down and half of the overall note original value.
The halt is not great and wouldn't spin it as great but also not convinced that it is the end by any stretch.
Good luck to all
CRGP
phx_invest Thursday, 08/27/15 03:34:23 AM
Re: OINGO BOINGO post# 25645
Post # of 25680
the 25% rule was both a blessing and a curse.
For shareholders who bought and held anytime before ex-date, it was a Viagra type experience/windfall. For the co though, they had to pay more than shareholders of record as of 6/30. which cost more than the co was likely planning on spending. Given cash on hand, all were paid. There was no dilution to fund it. The co is not a crack house giving shares out the back door for nothing like some claim.
The PPS is being "managed" by much more than retail shorts. take a look at the ex-date and let me know what the company was to pay if the PPS had closed at say .0035. The note holder held 25m shares (10% max allowance at the time) and with a divy of .011, that is a $275k just for "keeping" the price down and half of the overall note original value.
The halt is not great and wouldn't spin it as great but also not convinced that it is the end by any stretch.
Good luck to all
CRGP
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