Paul,
If you use a bit of logic it isn't that difficult to figure this out. Without detailing all the factors that go into this tangled web that has been weaved. Let's just deal with the easiest one of all.
The Dividend was first declared in September of last year. The same Dividend was reintroduced in January. A record date was set, according to Patrick Downs for March 17,2006. Apparently, again as stated by Downs, the NASD needed clarification prior to them posting it on the OTCBB daily list, He then stated it was postponed. He once again stated that the record date was April 28, 2006. Then stated that all holders of record needed to hold the stock until after may 15th in order to get. Lat I heard May 5th was the new record date. Once again nothing has been posted on the OTCBB Daily list. In order for a dividend to be valid it must appear on that list 10 days prior to the record date. So may 5th is also out.
Confused Yet. You and everybody else. In my research I've never found a proposed dividend take this long to get listed and paid.
If it walks like a duck and quacks like a duck. You can figure the rest.
Hopefully This helps.
I'm not advising you to Buy Sell or Hold. That decision is completly upto You.
Good Luck
Wally
AI
