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Monday, May 01, 2006 2:37:28 PM
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This is clearly wrong. When stock goes ex-div the value of the company is subtracted or reduced by the amount of the dividend.
Since there cannot be a negative stock price the value of the CTBG cannot be taken from the value of the GFCI share, for one. Secondly the value of the dividend cannot be ok'd by the SEC and the various agencies to even determine what the new price of GFCI can be. WHY? no financials. AND if the price of CFGI is reflecting the price of the CTBG shares, the CTBG shares are not reflecting the 8:1 dilution coming when the SEC declares the shares effective
SO, since Mr Leonard could'nt explain the most mundane intracies of how a stock dividend actually works, I am almost positive that the record date, CANNOT be today. The Ex-dividend date CANNOT be tomorrow in any way shape or form.
AND, my guess is that Jim Dial when pressed publicly by Lyamec, decided to try some short term pumping measure to see if he could get the stock price back above .15 to keep Lyamec in the game. I am guessing also, that Lyamec has threatened to pull their money (sell their shares) and their influence if they didn't get off their asses and get something right.
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