doc and hylander, that will not happen. The dividend is a clear cut capital event and therefore the price will get reduced for the dividend distributed. The retirement of shares, was not a capital event, so it was a toss up if they would adjust and apparently they are not. This certainly is not a favorable decision for us. It would have been better for Joe to keep those shares ready to use to bargain with.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.