Posted On: 09/01/2015 3:25:55 PM
Post# of 11038
The 25% rule is why those shares had dividends.
Quote:
supermandwc Tuesday, 09/01/15 03:17:05 PM
Re: Neophius post# 29219
Post # of 29221
The 25% rule is why those shares had dividends. COR is talking about the record date, but the ex date is what mattered due to the 25% rule. Had the shorters not tanked the the stock into the ground this whole thing would be moot because the 25% rule wouldn't have applied since the price of the stock would have been higher thus not triggering it. Even in worst case, CRGP might just have to pay that extra money to cover the shares which isn't a big deal. But if they were short shares, then the shorters have to cover the dividend which seems to be what happened since DTCC stuck them with the bill!
(0)
(0)
Scroll down for more posts ▼
