Merrimack Pharmaceuticals, Inc. (MACK)

[esad1]

You are correct..The CFO stated and it is in the transcript that no record date or ex date has been established..because we shareholders have not voted...But there is a much bigger process going on here..The shorts..most likely Fidelity I imagine..like to short the box with companies that do not have dividends..Now they know one is being paid and they are going to lose it unless they get their stock back..but they probably can't as the stock is owned by a bunch of institutions who see a good deal.

Now for the tricky part....By announcing that the dividend will only be paid to shares already issued as of January 6th all the options owned by the directors do not get the dividends if the exercise now. That said, if a competing offer comes in for the company their options suddenly become valuable. That is why I think ..now this is just my opinion..that another bid will come in for the company before the shareholders vote. Ipsen needs U.S. manufacturing to avoid the potential Trump import tax. Why do you think Takeda bought Ariad?

Needless to say a lot of moving parts here and you can tell by the disinformation on message boards. My best advice is not to swell your shares.