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Just sold my dividend shares. Appreciate people buying in so I can get out. Will use the proceeds to get my kids an XBOX X console. Only took 15 years!
Sold my dividend shares the Friday before split. Well, most of them. Used the proceeds to get 40 shares of RBLX. Kind of glad I got out. I still have 3600 free shares left but they still haven’t shown up in my account. Not expecting much but ya never know. Maybe there is a naked short issue causing the delay but I’m not banking on it. I would have held.
My little girl loves roblox. So do 100,000,000 other kids. Already up 5% from this am. LOL
The reverse split to make the preferred shares? What other RS has been made public?
Fairy tales like reverse splits before their public?
$16m worth of shares?
You never know....
Perfect, so we have a clean shell ready to reverse merger. Even better!
So what happens if you naked short a stock that issues a dividend? What if there are billions of naked shares of paychest dating prior to the dividend issue of XMET in 2006?
Would that mean the MM stuck in the short position needs to procure XMET to complete the transaction so whomever bought the shares was made whole when they cover?
If not no big deal. We have a clean shell. If they do how high would it drive the price of XMET?
Again, I don’t pretend to understand all the intricacies but GME
was a major squeeze... not a trap.
its on the line so it must be true!
XMET was given on a 1:1 ratio. If you had 10M shares of PYCT you got 10M shares of XMET. This is probably what people are referring to when they are calling it a naked short trap.
I don't pretend to understand it all but what if the MM is responsible for providing a share of XMET for every share of PYCT and they have billions of shorted PYCT? Might not matter what the AS is. The squeeze would be frightening.
Going to be very interesting.
I remember when I got my dividends. It was a complete surprise. They showed up in my brokerage account along with a release statement explaining what they were for. Sadly, after 15 years I don't have that message. I can't remember it it was emailed, released in an sec filing but I do remember that it was publicly released.
What would be interesting is to go back to 2006 and see what the OS for MLON was before it became PYCT. I received 1 share of XMET and 1 share of WPMLF for every share I had of PYCT.
My guess is there is 2-2.5B shares in the float. I don’t think there are 8B dividend shares. I think the two share holders referenced had a few billion that are no longer valid and that more have been retired when the stock was at .0001 for years. This is my speculation on why the ticker was chosen in the first place.
I could be completely wrong. It’s worth the risk for me. Can’t wait to see who the incoming company is. I’m pretty confident a reverse split won’t happen.
It sure is fun watching everyone go back and forth about it.
Xmet shares were a dividend earned by those who purchased PYCT.
End of story
I have dividend shares and some I bought.
None were free. I bought MLON which turned into PYCT that issued a dividend.
The dividend has a cost basis in my account. They are real shares. While there might be a cancellation coming the dividend shares aren’t what are going away.
The dividend shares are real.
Such low volume and price drops 17%? I’m holding ??. No way I’m selling!
Looks like XMET ended positive for the day with moderate to average trading during the entire session.
Looks like there is a solid wall at .0159 preventing it from dropping further. It really does look like a desparate attempt to hold this price down. Wonder what will happen if the wall holds.... My guess is we will see a huge spike upwards at some point today. If the wall breaks downward I'm very curious to the volume as so many aren't willing to sell their shares.
I wasn't expecting much but now I think it will take off on Tuesday.
I added to my position due to all the forced negativity. Let them keep it up! ?? ?? ??
With the number of people posting about 28m shares, 92m shares, 60m shares I find it highly unlikely that the float is 800m.
It might not be 8.2B but it has to be more than 800m. That isn't bashing. It's just math.
Just a guess on my part but I would suspect 2-2.5B or in that neighborhood.
I have my dividend shares and I don't have a ridiculous amount of them. I'm content to sit on them and won't shed tears if this goes to 0 again. I'd rather take a 0 then grab $5-10k now and watch others cash in later.
GLTA
It was more a play of words on what is happening to that stock. Irrational exuberance was coined a few years ago. This market is nuts so why not see a shell take off like a rocket on speculation? Everything else is taking off. *shrugs*
If GameStop can be reverse shorted to 10B in valuation is it really so hard to see a shell pop to .35 in a day of heavy trading??
Just looked again and its 10B this morning. Still, market is a madhouse these days. I'm not going to be surprised at all if XMET goes crazy too.
I had 2000 shares that had a 5000-1 R/S.... LOL... at least it rounded up and left me 1 share in that company. Currently it is worth .15 and I'm gonna wait for it to get to $10 before I sell so I can break even on the transaction when I sell that 1 share.
It's been in my portfolio since 2008 so I'm not holding my breath. Learned a lesson on that stock. Albeit only $350 but I keep it as a reminder.
In reading the 8K things aren't really adding up. I get where Noob gets to 750M but I also see how Thall thinks that's just nuts. Something is missing from the details. Just a wait and see is about all there is to do.
I bought 2000 shares back in 2006. I have 1 share to show for it after the reverse split in 2008.
Waiting patiently for it hit $10 a share so I can break even when I sell it!
Anyone ever read a post on facebook and change their vote from Biden to Trump?
That's about how likely someone is to pay attention to investment advise here.
What a bunch of garbage posts?
To the moon? Its ready to run? Why is that even worth posting? Save the space for relevant comments.
Tank a doodle doo? Over and over? Why do you feel your message is so relevant you have to put it on continuous repeat?
This isn't a message board. Its a garbage bin.
I'm very pleased with my position in CHTL. I am considering doubling down this week. I find the machine gun posting on this board amusing. 19 each in the last 50 posts must have keyboards under a strain. Reminds me of other boards I have looked at. Rat-at-tat-tat-tat....did they actually say something?