Maybe. But check out the press release on august 22, announcing the Sept dividend right. Look at Sept 5 it was traded at $2.15. But after that - I noticed it had dropped after Sept 5 - up until that press release came out announcing no dividend. So it dropped from $2.15 on Sept 5, all the way down to $1.98 on Sep 30, the day the press release came out, with no further div - then it dropped straight off that cliff. I find it curious somewhat, that after 2 days of shareholders on record, as of Sept 3,but 2 days after that, on Sept 5 where it ended at $2.15 - it starts dipping - then on Sept 30, the bomb shell drops.
So it dropped from $2.15 down to $1.98 on Sept 30th? That’s a .17 cent drop. With zero press releases until Sep 30 - but the selling was well on its way IMO. So why did it drop after Sep 5, 2 days after shareholders on record were to receive the next div?
Not saying anything was out of ordinary - certainly not implying nor suggesting, that there was an advance sell off- however I found it interesting somewhat, that the PPS dropped after Sept 5- then kept dropping over that course of time, until that press release came out on Sept 30 saying no October div. but by then it had dropped and then fell off a cliff.
The PPS decline IMO, after Sept 5, did not reflect the trading of previous months over $2.00+. I always thought it was odd. Like why would it decline to $2.00 and then below, with no press releases with neg info? The stock was humming along, and then after Sept 5- it declined.
Mav
