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Well you go ahead and sell on 10/1 and I will hold until at least 10/16 and beyond if no cover and let's see who gets the divi. Deal?
SPECIAL DIVIDEND - WIKIPEDIA - look it up.
In the case of special or significant dividends, the stock trades without the dividend from the record date, through the Payment Date, then adjust for the dividend paid and starts trading on an ex-distribution basis one stock trading day after the Payment Date.
To be entitled to receive the dividend, it is required that you be a stockholder on the record date and hold your stock until the payment date in order to receive the dividend. When a special or significant dividend is being paid selling your stock between the record date and payment date relinquishes your right to the dividend.
Yes - this is a special dividend - it is referenced in the letter from Kelly in the sticky box. Special dividends - you have to own the stock on the pay out date to get the divi. So no selling until 10/16 to get a divi.
I know - I just wanted to point out that he has no more idea than the rest of us do unless he works for the company in the acoounting dept. Monk's den alone is a cash cow.
Do you have access to their Q3 financials already. Do you know how much cash came from the recent aquisitions. My guess would be NO. So you don't know that they do not have the cash - now do you?
Yes I agree LG - they will take this down as far as they can in order to scare everyone out of their shares. I have transfered money for Monday anticipaging their antics. BUY BUY BUY.
I think you are correct sir. That is where I would place my bet.
The MM may just ignore this divi and pay it out because they are arrogant and did not believe that there would actually be one. But once it becomes a reality - and they still do not cover their shorts - I bet they do before they have to pay out another 5 million in dividends next quarter.
I agree - Should be an interesting next few weeks. Can't wait til the "buy in" notice goes out.
So this is a "special dividend" and therefore you must hold your shares until at least 10/15/10 in order to get the dividend. And longer for the squeeze. Hopefully no one will sell before 10/15 and wonder why they did not get the dividend.
no problem
The higher the pps on 9/30 - the bigger the divi.
With the divi date coming up - I would have expected more buying pressure coming in from folks that just wanted the divi. Maybe on Monday?
Doesn't the ex divi date depend on whether or not this is a special dividend or regular dividend. I thought the ex divi date was 10/16 for a special divi and for a margin acct 9/28 and cash account 10/1? Anyone else think that?
COOL CASH - So if I had 500,000 shares at .10 - would that mean that I would get a $50K dividend? Wow - this could get real expensive for the MM's.
Maybe we should wait until next week to send this in and also put our share count on there.
lol - they are NSS and you think THEY will go to the government for help. Funny
Yes but you are expecting that they are logical with common sense. But they have proven otherwise. So really not sure what they will do.
If they were smart - they would have started the cover when we were recently down at .045. Thankfully for us - they didn't.
No but if you already have an account there - you can call them and agree to any pass thru fees for certificates and they will allow you to trade. But is really annoying because you have to call them each and every time.
Question - we know better - but let's say there are only 77MM shares in investors accounts for EIGH. So if I sell on 9/30 - I am not the shareholder on record and the person who bought is not the shareholder on record because their funds have not settled. So who gets the divi on all of those shares? The broker?
we have
Well there is a NSS position on this stock and we all know that because we hold over 120MM on a 77MM float. Hmmmmmmmmmm Plus there are other people not on this message board that own stock. Hmmmmmmmmm. No NSS?? Obviously there are many NSS.
They should be concerned. They should have covered months ago when it was really low. They got greedy and now will have to pay a divi PLUS COVER (at some point) at MUCH HIGHER PRICES.
Would be great to get the divi and be in the dollars already before the they start covering. We will continue to get divi's because the company is growing exponentially.
If they had any brains at all - they would cover now and get it over with and not have to pay any divi.
Yep - they sure are skeeeeerd. Lovin it. They just need to transfer their bank accounts into ours.
Morning - anyone skeeeered this am?
Morning Don - I like your analogy. lol ;))
there and beyond
Do we own $120MM or more shares? I think before this all started - we were at $110MM.
We hold the keys as to how high the pps can go. We start selling at $1. then maybe we will only go to $3-$4. If we wait until much later - then it will go much higher than $5.
Yep - you are right on target there. That is why we need to push the pps up as high as we can . The more retained earnings - the more we have.
I like that # .60
It comes from Equity - RETAINED EARNINGS. Not current earnings or profits. The higher the pps on 9/30 the higher the equity the more more we receive. They have already said that they have various ways to come up with the cash. So I think it will be a cash dividend.
Did you call them. Choicetrade did that to me and I called them and agreed to pay any pass thru charges from the sec for certificates. I agreed and they let me buy some more. Maybe try that and call them.
Looks like they will be paying a CASH DIVI next month. Cool Beans.
If you call them and agree that you will accept any sec pass thru fees for the paper certificates- they may let you buy and sell. That is what I had to do with ChoiceTrade. And there were no pass thru fees.
But it is annoying - I have to call them each day that I buy more so that they can unrestrict it for me.
They may want to buy in next week so they can get a divi in October. So conservatively speaking - if only 10% of the 2 million listeners bought 1000 shares each - that would be another 200 MM shares that are shorted.
Yes when the MM's decide to cover - we decide the pps it can go up to. The longer we hold as a group the higher the pps.
No more like seeing all of the NSS that ETMM has and all of the others will push the pps up so high - that the equity of the company will skyrocket.
Not if you are looking at a balance sheet. And I believe that is what they were talking about when explaining how the higher pps will give them more equity. They will still have to come up with the cash but they have plenty of avenues available.
Interesting to see ETMM and all the rest that are shorting this stock start scrambling next week. Can't wait.