Here is what I see. They announced a 1.5 million dollar pay out on shares in a dividend. Then they started buying back shares as fast as possible. They had to put money in escrow or what ever the terminology is to make the announcement and for it to move forward. Additional shares were dumped on the market by COR and their clients that in the case of a special dividend would make them responsible for paying the dividend on those shares. the CRGP people bought up as much of those as they could as well. Only people who held or bought more got the dividend. Perhaps the majority of the 4 million from COR went back to CRGP.

I did some research when the dividend was announced and saw that it qualified as a special dividend because of the share price to pay out. I am far from a financial wizard and cannot believe that they did not understand that. The rules were pretty clear. What I did not understand was the dates, and timing and why it did not show up on the daily boards once announced. That was the trick to the whole thing. If COR were paying attention they would have understood their liability.

If this was indeed a scam to grab cash from them it relied heavily on them not doing their own research. Which they clearly did not.

My net worth took a dip on this one. I am not happy about the loss but I do not see a way to recover my money at this time. I do not think that COR is going to win this. It is their lack of due diligence that allowed for this to take place in the first place.

Just my opinion though.