China Unlimited

[RealDutch]

There was a FINRA announcement last friday. 0.06 liquidation payment. Ex-date was tuesday.

Unfortunately the stock went up fast on monday so most of the value was gone. I still bought a few for 0.04. To my surprise I was able to sell for 0.05 on tuesday (the ex-date). Although the price came down fast later in the day (as it should).

The value is gone now. I still made some money if I get the dividend.
Check out the CCGY message board.
It's a real pity that the price went up fast on monday. I had high hopes on monday to be able to get it cheap. And to be able to sell it for 0.05 on tuesday didn't make sense either. Probably some market maker activity (covering) during those days.