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Question on divy:

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blitz1856   Wednesday, 12/06/06 02:48:43 PM
Re: None
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Question on divy:

So there's something I don't understand after the last PR. I was assuming this would be trading on the pinks well before the divy date. But now it sounds like it won't be. Wasn't the idea that the shorts would have to cover BEFORE the date of record because there is no way for them to pay a restricted share? However, the lastest PR says we can't expect the real covering to happen until it's back on the pinks? The scenario doesn't seem to make sense. Anyone have any idea what happens if the divy is issued while we're still on the greys and the shorts have not covered? The only thing I can figure is the date of record will have to be pushed out past the completion of the 15c-211. Am I missing something?

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