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Re: misiu143 post# 45569

Wednesday, 05/25/2016 4:47:56 PM

Wednesday, May 25, 2016 4:47:56 PM

Post# of 54940
As I see it, the problem is that COR was suing the wrong people from the start. Yes, Calissio is a scam, and "Adam Carter" probably doesn't exist. But that's why it makes no sense to sue them. Can't get blood out of a turnip.

The bottom line is that whether Calissio and its insiders deliberately plotted to profit on the dividend, it was DTCC's dividend distribution system that screwed up. No divvies should have been paid on all the stock issued between the record date and the ex date. But they were, and that was DTCC's fault.

That would have been a simple issue to address in a lawsuit. Very cut and dried. No complicated hypotheses involved. And yet suing DTCC seems to be the last thing COR or Alpine wants to do.