JNS Holding Corp (JNSH): ** The ex-dividend has been the key to U...

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Re: neanderthal post# 32254

Sunday, 03/16/2008 9:21:52 PM

Sunday, March 16, 2008 9:21:52 PM

** The ex-dividend has been the key to UHCR's huge gains in March, and the massive gains yet to come.

Because most brokers and traders dont understand dividends well, this is how our situation came to be:

Company announced ex-dividend date as Feb.8, but only NASDAQ can set ex-dividend dates. NASDAQ set it as March 3.

What that means, is that to QUALIFY for the dividend, traders had to HOLD all their shares until March 3. A few of us did.

However, many traders took the company's date, and sold between Feb.8 and Mar.3, thinking ("I got the free dividend shares now anyways, so I'll sell"). That's why the stock price fell so much in February.

Many brokerages took the Feb.8 ex-dividend date, and issued dividend shares to everyone who held the stock BEFORE Feb.8, even if they sold their shares after Feb.8.

This went against NASDAQ rules, and has created massive short positions, when brokerages do their internal quality control checks. I dont know how long this takes, maybe a few days, few weeks...

The trading volume between Feb.8-Feb.29 was about 4 million and ALL the sellers received their 100% dividend illegally.

That's a 4 million share short position right there.

Now, some people got their dividends early morning Feb.29 and sold them on Feb.29 (even though you have to hold until Mar.3 by NASDAQ rules). There's another 500,000 short right there.

Some brokerages treated this as a forward split, and split ALL their clients shares, regardless whether they qualified for the dividend or not. So for all buyers between Mar.3-Mar.6, who didnt' qualify, but had their shares split - that may equal another million or two in illegal dividends.

Then there are even more convoluted possibilities, all outlined by UHCR's Mar.10 PR found here:
http://biz.yahoo.com/iw/080310/0372545.html

BOTTOM LINE: we have massive short positions that brokerages are only starting to find out about. Scottrade already restricted online buying as of Friday. The brokerages will hit panic mode as soon as they realize they have massive shorts that have to be covered ASAP, as the price continues to climb.

The 4 million buyback and CUSIP # change will only add fuel to the fire.

UHCR hit 0.10 on thursday (up from 0.015 at end of February). This is still NOTHING in light of the situation brewing here.

The biggest gains are yet to come.

Penny_TA's Technical Plays:
http://www.investorshub.com/boards/board.asp?board_id=7244
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