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Saturday, March 11, 2006 11:28:38 PM
I thought Pearl said this divvy was her convoluted way of making up for, well for something, with her messed up forward split."
That is what she said in the chat march 8th at traderscorner. The dividend was a way of rewarding investors for the gigantic confusion about the F/S.
During that whole convoluted PR mess about splits and dividends the MMs were shorting the stock and holding it down at .0001.
I originally thought it went to .0001 because PAIM was dumping shares. I was wrong. MMs didnt think the dividend was going to happen. They read the PRs wrong and got screwed. When they realized they were screwed they contacted PAIM and told them to do a R/S. Why? Because a R/S would save the shorts and they would have only a few shares to cover.
Now the MMs can burn when they have to pay the dividend.
Either way it doesn't matter because it will run last hour of tuesday and go past .001. That is a 1000% gain if you bought at .0001 like I told you all to do.
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