I'd like it to be true but it's far fetched to me.
Post# of 11040
Posted On: 01/28/2016 7:36:41 PM
I'd like it to be true but it's far fetched to me.
Don't see anything strange in a $0.011 dividend if we consider that at the time of the announcement the share price was $0.02. There's a press release where they mention they were evaluating the possibility of a dividend. Think that was around February-March. Price at that time was $0.15-$0.20.
Most of all. Share count was 129 mil end of June. 100 mil restricted. Only 29 mil would get the divy. Total planned (and paid) divy was like $350,000.
CRGP paid what they planned to pay to DTCC. DTCC couldn't pay to all the shares in the market, 400 mil or more, they checked the due bills and found out the seller was COR. So, cor was debited.
And that's it. Nobody (CRGP, COR, Nobilis, ETrade) expected the special divy rules to kick in except some sleepless investors (you included).
Still don't think CRGP is responsible for the difference in the divy. COR and friends dumped, so they have to cover. Only way CRGP would be responsible is if it was specified as one of the conditions in the note. Nothing was mentioned related to divys in the note.
I think ETrade's strange behavior retaining the divi was because they shorted and/or issued unauthorized shares on their own, on top of the ones from COR and Alpine. DTCC and SST didn't even have those shares in their count. ETrade didn't want to but finally paid the divy after four months.
Don't see anything strange in a $0.011 dividend if we consider that at the time of the announcement the share price was $0.02. There's a press release where they mention they were evaluating the possibility of a dividend. Think that was around February-March. Price at that time was $0.15-$0.20.
Most of all. Share count was 129 mil end of June. 100 mil restricted. Only 29 mil would get the divy. Total planned (and paid) divy was like $350,000.
CRGP paid what they planned to pay to DTCC. DTCC couldn't pay to all the shares in the market, 400 mil or more, they checked the due bills and found out the seller was COR. So, cor was debited.
And that's it. Nobody (CRGP, COR, Nobilis, ETrade) expected the special divy rules to kick in except some sleepless investors (you included).
Still don't think CRGP is responsible for the difference in the divy. COR and friends dumped, so they have to cover. Only way CRGP would be responsible is if it was specified as one of the conditions in the note. Nothing was mentioned related to divys in the note.
I think ETrade's strange behavior retaining the divi was because they shorted and/or issued unauthorized shares on their own, on top of the ones from COR and Alpine. DTCC and SST didn't even have those shares in their count. ETrade didn't want to but finally paid the divy after four months.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.