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FYI, if you google my real name an obituary comes up for someone who has my exact same name but is deceased. Obit says the man was of a very advanced age, far older than me, and died of natural causes. Beyond that, nothing comes up for my name either. So don't put all your faith in the google machine.
The 25% rule says otherwise. It says the ex date is what matters essentially and not the record date. The 25% rule is why we all got the dividend. Do you disagree with that? It is pretty cut and dry given the 25% rule.
I don't have any money to hire a lawyer.
But if the dividends will be taken back, it can't be from just one broker like etrade. It would have to be all brokers or none. Etrade seems to be going overboard in putting a hold on the funds during the halt/investigation.
best case scenario is that finra investigation concludes very soon and CRGP is allowed to trade again, dividends are safe and etrade lifts hold on funds due to investigation being complete.
If anyone knows anyone at finra, please try to find out what is going with the "investigation."
Any idea how long the investigation will take?
Are you looking on your balances page? I have it and so do a lot of other people. A hold for the exact amount of the dividend.
Anything new from pink birdie on the situation?
The 25% rule is why those shares had dividends. COR is talking about the record date, but the ex date is what mattered due to the 25% rule. Had the shorters not tanked the the stock into the ground this whole thing would be moot because the 25% rule wouldn't have applied since the price of the stock would have been higher thus not triggering it. Even in worst case, CRGP might just have to pay that extra money to cover the shares which isn't a big deal. But if they were short shares, then the shorters have to cover the dividend which seems to be what happened since DTCC stuck them with the bill!
How can they freeze all my money with no explanation!? This is hurting my life! There is an explanation but FINRA just doesn't want to say it obviously. If it was some awful news, wouldn't they have released it already? WTH is going on?
Why does that mean it's done for?
I just lost everything, OMG.
Had etrade given me the dividend earlier, I would have invested then, made some money and sold, instead I reinvested dividend days later when they posted it at the higher price, and a day after that it halts and I am completely WIPED OUT.
I don't know what I am going to do. How can FINRA just do this without even a word of explanation!? And this IR person knows nothing!? Maybe they aren't allowed to say, I hope?
God I hope TEXASOIL and JAYLIN are right and that this is a positive thing that will be revealed. If anyone feels like talking me off the ledge, I would appreciate it.
Last today allowed today, ugh.
FINRA can just destroy my investment with no explanation to investors or the company? No wonder everyone thinks the stock market is rigged and a scam.
Company IR is sending emails to people saying they don't know why it was halted and haven't even heard anything from FINRA.
This is insane. Pardon me while I walk outside into traffic. We need an explanation RIGHT NOW!
How can they not tell us why it was halted? It has been 15 hours or so. FINRA needs to speak up. This isn't fair to us. I was having a heart attack when broker took forever for dividend, now I am having a worse attack now!
Way oversold! This stock is so oversold it's ridiculous! They just paid a .011 cash dividend! That's real. It can't be faked. We received the money in our accounts. A stock that pays a .011 cash dividend, that is trading at .0038 is totally insane. It should be trading multiples above the dividend price, obviously.
What's going on here is a combination of manipulation by the MM's and scared investors who can't believe their good luck to have gotten that 25% rule dividend and think it's too good to be true. I don't see how you can argue against the dividend that actually got paid! I hope company is taking advantage and buying these cheap shares up.
I have seen many scam penny stocks that promise a dividend, and then never pay it, and try to dump shares etc into the hype of the dividend, but in this case, they paid it!
The people who say it is a scam...the math doesn't work. Just an example to make numbers easy... If I give the company 2000 dollars for shares at .002, then they give me a dividend for 10,000 dollars IE .01 per share 5X premium to stock price, how exactly am I being scammed? People are just posting SCAM SCAM with very little to back it up.
People, they paid a .011 cash dividend! It happened.
I am a small investor, but if I had extra cash I would be buying at these levels, no question. I got too anxious with my long awaited dividend cash and acted too hasty.
.011 dividend vs a current .0038 stock price. Do I know for sure the dividend will continue? Of course not, but it happened once already which is a fact, when people said it would never come!
Lastly, we have news expected for short term/medium term.
Hopefully company is buying as many shares as possible while the price is low. Then they issue another cash dividend out of the upcoming qtr's revenue. Another .011 cash dividend works for me!
Wish I had some cash to buy in now at these low levels. Sadly, I reinvested by dividend much higher than it is right now. That was all my cash. Shoulda played it better.
I am anxiously awaiting news on a host of issues. Engineering firm, share structure, next dividend, and a surprise or two.
In my opinion there is no reason it sold off as much as it did from .01....An AS increase is no reason for this kind of sell off when we are just coming off an amazing cash dividend!
Relax. We all knew it wasn't going to go up 100% every single day. Yes, there will be down days on the way up. Remember, there are more than a few positive news items on the way.
1. news of the new engineering firm to help ramp up production of the mine.
2. updates on share buy back
3. possible new dividend for next QTR
4. Revenue/Income report for next QTR
Sadly, I reinvested the dividend too high this morning, but that's how it goes sometimes in something so volatile. I broke my own rules and was too anxious since I had waited so long for etrade to post the dividend. A shame I didn't have the dividend days ago, but nothing I can do about it now.
Overall, this is still a very positive situation. It is not hard to believe that they would pay another dividend out of the new Income they earn next QTR, so that alone is enough reason to hold and buy more at these cheap levels.
.20 short term I like, but medium to longer term, I think .20 is selling ourselves short. I think it should be .20 right now, given the dividend. I look around and see other things trading that high that don't have any dividend at all, let alone a nice size one like we have here.
I understand dividend is not guaranteed for our future, but the fact that one has already been paid is absolutely huge for a stock at this level or even any stock under 3 bucks!
Hopefully they are buying back more shares at these low prices, and I bet they are. Another dividend would be great for us and would cost them far less with a reduced share structure.
Based on their revenue and income, the dividend, and buyback, this stock is incredibly undervalued by a factor of 200.
This was $2.50 a share less than a year ago.
And then this company was in a far worse position financially. I understand share structure was different etc, but that is why they are buying back shares right now to help deal with that issue.
Imagine another .011 dividend!? Imagine another strong qtr with real cash income!? This could be a 2 dollar stock more quickly than people realize if even a modest PE is applied. It's cash position alone means this should be at .05 literally right now, if not much higher. People only looking for pennies or dimes are not thinking big enough IMO.
On another note, still no special dividend from etrade which will probably end up costing me hundreds of thousands of dollars in the long run. The difference between using a few thousand dollars to buy shares at .0025, versus .01 is massive if this hits .25 .50 1.00 etc. The dollars missed out on is staggering. I am furious about it, but I guess I can't do anything about it. At least I got a small position in before all this started. Too small a position, sadly.
This is my third post for today, so no more until tomorrow. I wish everyone the best and I hope the etrade dividend comes fast.
Nothing from etrade. They just told me on the phone, still waiting for due bill, and it could be 2-3 days. I was not happy.
Totally screwing us! They said they don't front the dividend which I think is a complete lie. Fronting dividends has nothing to do with this when every other broker has processed it and the pr says dtc confirmed it, and everyone has money in their accounts except us!
Still nothing in etrade! I am losing it. They are stealing my opportunity to improve my finances! I recognized the 25% rule and acted accordingly and but it is all for nothing as the price runs and they refuse to process the dividend! I have no other cash to invest.
My post was me, DEMANDING etrade process it like everyone else.
I am losing it because they still haven't!
Sorry for any confusion. I want it before market opens or I will have a heart attack and keel over.
Etrade! Process our dividend RIGHT NOW!
OMG, I am losing it here!
Thoughts on what it will open up at tomorrow? Or what the first 30 minutes will be like?
Side note, if etrade doesn't have my dividend before market opens, I am going to have a heart attack.
Have people talked to etrade today and been told explicitly that the dividend will be there BEFORE market opens on Monday?
I talked to them so much on Friday, I was burned out and didn't call or contact them at all today, and wasn't feeling very well. I think this missed dividend debacle has upset my health honestly.
With everything we have seen this far in terms of news and possible future events, people talking about .05 are setting their sights way too low. They just paid out a dividend that was basically a 500% yield. Think about if they continue to make sound mining investments and generate similar profits on an annual basis. If so, they might very well be able to pay a .01 qtrly dividend giving it a .04 annual dividend. At $2.00 dollars a share, a .04 annual dividend is a mere 2% "normal" yield. Obviously, we gotta see what happens, what news comes, what the reduced share structure looks like, but don't think too small is all.
I am "worried" it will gap up again. I put worried in quotes because I obviously want it to go up, but I want to reinvest my dividend first, but I have to get it in order to do that. So it would be nice if it didn't run up again before I can get in again. A little pullback would certainly be good for me If I get my dividend.
I am furious with etrade. How can it be that in an electronic age where trillions of dollars fly around the world in a second, a dividend is received by most brokers DAYS before etrade? I am willing to give a day buffer zone, but multiple days?
They say they haven't the received the funds yet, but that makes no sense at all. DTC doesn't just pick a few brokers at random and decide to pay them, and a day later, pick another few, and so on. It is all electronic. The payment shoots out to everyone I'm sure. I have had great experience with etrade over the last 15 years or so, so this really surprised me. They are always fast with executing anything, in my experience.
Sadly this time, they really screwed us. Needless to say, it is not a fair market when some are able to reinvest their dividends days before others. Because this dividend was so special and out of the ordinary, even though I am a small investor, by not receiving the dividend in a timely manner, I literally missed out on THOUSANDS of dollars in profits in just a few hours, let alone the huge leverage it would have given me going forward by buying at much lower prices which could easily equal HUNDREDS OF THOUSANDS of dollars if not more.
I don't know what the price will do Monday, but I have a feeling it will be pretty wild. If the dividend isn't in there by Monday before the market opens, I will literally have a heart attack and keel over I will be upset. I was beside myself on Friday as I watched the price do what I knew it would do, but was unable to invest.
I am sure I am not the only person who realizes how big this could be. It could be the one chance to improve financial life, and to miss out on it because a dividend can't be processed fast enough is totally unacceptable and just wrong.
Come on Etrade! Give me my dividend! This is ridiculous. I want to buy some more!
When people call, some say it will be today, some say Monday. Jeez. It is all electronic, there is no reason other brokers would have it days before them.
I really hope they don't release big news until we all get our dividends. I would love to reinvest, but if the price runs before I get it, it will be a wasted opportunity. As of now many of us have already been screwed by not receiving the dividend in a timely manner!
This makes me so angry. It has already gapped, but with no dividend cash, I couldn't get in. Stupid broker!
It is very unfortunate that some brokers take longer than others to receive and process the dividend. Frankly, it isn't fair from a market standpoint that some shareholders receive it a week before others giving them the opportunity to reinvest at lower prices perhaps before others. I just hope I get it before the price runs.
Say big news were to come today before I had the dividend and wasn't able to invest in time. That wouldn't be good. I don't see why they can't process it now before market open, given that other brokers did it DAYS AGO.
My guess is, because this was a special situation/25% rule, some brokers take longer with it. Maybe they are double and triple checking? On regular big board stocks dividends have always come to me immediately with no issue at all.
If not tomorrow for next PR, I think it will be very soon. I won't freak out if no PR tomorrow, that's for sure. I don't remember the exact wording, but the last PR might have said "hoping to..by August 21st" etc, so I don't think it was a set in stone date. Then again, if they didn't think it would be out by then, they wouldn't have put that 21st date out there, so in the end, who knows!?
Bottom line, We are in a good position right now. At some point, this low price per share won't hold like this. I just can't help but think there has been a major buyback going on while at the same time some short MM's hold it down to cover so they don't lose their shirts and pants. At this rate, they may only lose their shirts.
A company that pays a .011 cash dividend, should not be trading at .0023, that is for sure!
I am hoping to see in upcoming PR's a reduced OS/float as a result of buyback, plans for going forward, and another cash dividend. If this happens, this could be an absolute monster.
Just imagine if the OS is reduced to say 50 million or even 100 million? With dividends and a growing business, this could be worth 2 bucks a share!
Here is what MAY have happened... Back then when it was 2.00 they needed capital to work the mine so they diluted etc, but unlike other OTC's that just dilute to line their pockets, they used the cash to work the mine which has turned out to be a great investment. They made major cash from it, and now they are using that cash to buy back the OS, and reduce the float now that the price of the stock is so low, in part due to the original dilution. Now they have cash enough to pay a dividend and reinvest in business, along with hopes of up listing to a higher exchange. I don't know if this is exactly what happened, but it makes sense as to how a 2.00 stock can fall to .002 and then be able to pay a dividend etc.
To those who received dividend so far...Is it able to be invested right away, or does it make you hold it for a day or two or three to settle first?
I am just curious because I would like to use my dividend to buy more shares, but it hasn't arrived in my account yet. Given what I am reading and seeing from everyone, I won't get worried until Monday/Tuesday, but of course I just hope the price is still low enough to buy some more by then!
Assuming everything that has been pr'ed is true, this stock is worth 2 dollars a share! I know that sounds outlandish given where the price is now, but the numbers are what they are. This dividend is remarkable, to say the least.
What I am looking for next is another PR announcing how many shares they have bought back and what the current OS is. Also, I would love to hear about another upcoming qtrly dividend.
A vastly reduced OS and a new qtrly dividend (making two in a row) would do wonders and add major credibility. Another dividend isn't out of the question, say they have bought back enough shares to reduce the OS to say 100 million. A .01 per share dividend would cost them 1 million dollars and we know they have more than enough cash to cover that. If the OS is less, then naturally a .01 dividend would cost them even less.
The key is the reduced OS! If they have been buying back the last several days, it opens up everything for us!
If I were them, I would have bought every share I could at these levels. With the money they allocated for buy back they could have bought the whole OS at the prices we have seen last several days!
This should be WAY higher than it is now given the recent financials and mere cash on hand! The fact that it isn't is a gift to the company if they buy back shares at these reduced levels!
Company buying back shares at these levels will exponentially benefit us down the road!
They buy back now, then announce in new PR a lower OS and the next qtly dividend based on that new share structure = a huge run and a nice dividend! This is a possible scenario!
Don't flip! Hold this thing. It is worth dollars! The dividend proves this is real. My hunch would be another dividend is coming next QTR so you gotta hold to get it. Assuming the dividends continue at .01 per QTR that gives this a mere 4% annual yield, means this is worth a dollar MINIMUM!
L2 seems like they are not sure where to open it up at. This could be a monster, be patient. Company looked to be buying lots of shares last few days and maybe more today.
If I was the company, I would have bought back and retired 200 million shares the last few days. They could have easily done it too given the amount of money they say they have allocated to buybacks. If they did, we could be looking at a an incredibly reduced OS. A mere 500K would buy back 200 million shares at .0025.
I really hope they bought back a ton last few days! Then put out a PR saying, oh by the way, our OS is only 50 million shares now.
If company is smart, they are buying every share they can at these levels and can reduce the float/OS to almost nothing! Then we REALLY move huge on news. I bought some more this morning, but I barely had any cash in my account available, so it wasn't much.
Buyout works for me, but at what price per share?
This is a great buy right now anyway.