GNCP - You do understand that a planned dividend can still be distributed to shareholders of record for a revoked stock.
And each and share held, be it backed by a cert, held against shares at the DTC, shorted and borrowed against, or shorted and never located, has to be distributed, for the planned dividend, equally.
You do understand that if there is a short position in a stock and it is revoked that means it NEVER has to be covered.
Ever.
Shareholders are well aware that the shorts do not have to cover. They are also aware that they cannot cover unless shareholders allow their brokers to influence them to close out their positions for a complete loss.
Not to worry, the dividend may be distributed, as outlined, regardless of whether or not the company is revoked.
Thanks again for all of the DD!
Good Luck!
Rub-A-Dub-Dub…Three perps in a tub…The broker, the banker, and the counterfeit equity maker!!!
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations.