AI
Too Bad this mornings pre-market .58 is only on 100 shares!
I got so excited to see my balance up so much, thinking news had come out, and then ugg.
I was able to add twice yesterday at .4402.
There was more yahoo news/pr about acus not paying a preferred share dividend a couple days ago. I think it was .81/ share. Again they are trying to extend their cash as long as they can. Oh heck, I'll find it and post it here, rather than try and rethink what it said
Form 8-K for ACUSPHERE INC
http://biz.yahoo.com/e/080826/acus8-k.html
--------------------------------------------------------------------------------
26-Aug-2008
Other Events
Item 8.01 Other Events.
On August 25, 2008, the Board of Directors of the Company elected not to declare a quarterly cash dividend in the amount of $0.8125 per share on its 6.5% convertible exchangeable preferred stock (the "Preferred Stock") that was otherwise payable on September 1.
In February 2005, Acusphere issued 900,000 shares of its Preferred Stock in a public offering. As of August 25, 2008, 650,000 of these shares of Preferred Stock remained outstanding. The Preferred Stock accrues a cumulative dividend at the annual rate of $3.25 per share, payable quarterly on the first day of March, June, September and December, as declared by the Company's board of directors out of funds legally available therefor.
This is the third quarterly dividend that has not been declared and paid on the Preferred Stock. Under the terms of the Preferred Stock, the holders thereof shall be entitled to vote as a separate class to elect two directors if the Company has not paid the equivalent of six or more quarterly dividends, whether or not consecutive. These voting rights will continue until the Company pays the full accrued but unpaid dividends on the Preferred Stock.
I got so excited to see my balance up so much, thinking news had come out, and then ugg.
I was able to add twice yesterday at .4402.
There was more yahoo news/pr about acus not paying a preferred share dividend a couple days ago. I think it was .81/ share. Again they are trying to extend their cash as long as they can. Oh heck, I'll find it and post it here, rather than try and rethink what it said
Form 8-K for ACUSPHERE INC
http://biz.yahoo.com/e/080826/acus8-k.html
--------------------------------------------------------------------------------
26-Aug-2008
Other Events
Item 8.01 Other Events.
On August 25, 2008, the Board of Directors of the Company elected not to declare a quarterly cash dividend in the amount of $0.8125 per share on its 6.5% convertible exchangeable preferred stock (the "Preferred Stock") that was otherwise payable on September 1.
In February 2005, Acusphere issued 900,000 shares of its Preferred Stock in a public offering. As of August 25, 2008, 650,000 of these shares of Preferred Stock remained outstanding. The Preferred Stock accrues a cumulative dividend at the annual rate of $3.25 per share, payable quarterly on the first day of March, June, September and December, as declared by the Company's board of directors out of funds legally available therefor.
This is the third quarterly dividend that has not been declared and paid on the Preferred Stock. Under the terms of the Preferred Stock, the holders thereof shall be entitled to vote as a separate class to elect two directors if the Company has not paid the equivalent of six or more quarterly dividends, whether or not consecutive. These voting rights will continue until the Company pays the full accrued but unpaid dividends on the Preferred Stock.
