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Monday, September 07, 2015 5:20:41 PM
Once the dividend is paid, the stock price drops by the dividend amount. If the share price was 0.10 and dividend was 0.01, after dividend payment the share price would have been 0.09; NOBLIS would have made 30 million dollars and wouldn't have mind paying 3 million on their windfall. However share price stayed under 0.01. When others were buying, NOBLIS was selling and they probably made close to 1 million on their sells but forgot that they had to pay back 0.011 per share they sold. These shares were free be shares that were never bought on my pen market. Rather just sold.
I expected the price of this stock to increase significantly. It never did.as a result my dividend was 3x more than what I paid for this stock. It was all common sense. Why would you not buy if price is not going up and you will get more in return then what you bought it for.
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