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Re: Phisherman post# 55442

Saturday, 05/05/2007 10:20:41 PM

Saturday, May 05, 2007 10:20:41 PM

Post# of 76867
Given Don's history with actually distributing divis I'm guessing that shorts are waiting for something more than notice on the daily board. My reading of the rules relating to distributions to shareholders is that unless the issuer provides otherwise, this type of distribution will attach to the shares sold between May 10 and May 31. Therefore purchasers of the stock up to the distribution date will receive teh divi. June also looks probable because once the shares are actually distributed, shorts will want to buy up as many shares as possible so that those shares don't need the restricted shares. The problem is that damage liability may be minimal if the restricte shares prove to be of no value. What will the claim be, that you didn't deliver a share worth less than a penny?