Friday, October 06, 2006 8:38:14 AM
If there is a dividend, all of the brokers will have to turn the shareholders names in to the DTCC (?, someone correct me if I'm wrong please). The DTCC will figure out there are a lot more people requesting a dividend than there should be.
Then the sh_t will hit the fan - the brokers will stall, they will tell their stockholders they have followed the DTCC's requests, the DTCC will tell the stockholders the brokers are not supplying the correct information, nobody will want to admit guilt so it becomes the blame game. Who loses???? Us (of course), the shareholder. Why? Because we get frustrated and start talking negatively on these boards, it scares off future shareholders, the MMs play their games (as they are doing right now - why we're stuck around $0.12) and drive the price way down. If the MMs can ultimately drive the company out of business, they will never have to cover.
Unfortunately that is what has been happening with PAVC for the past few months and our stock has dropped from $12 to $0.90 but we are back up to $2.75. I still haven't received my dividend (actually bonus shares in this case) after 2 months.
Day traders and those looking to make a quick buck love the naked short position. I don't think it is a safe situation for long-term shareholders.
ONLY INVEST WHAT YOU ARE WILL TO LOSE.
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