Just thought I'd chime in on a .12-.18 sale range for the shares as mentioned in the previous msg.
Example: Lets say the divy is .095 and the sale price is .265
If you hold out for the divy and pay the taxes on that you end up with .08 after taxes and still have the shares. Now lets assume after the divy payout the shares ONLY retain 60% of their post divy value (.1 - that is less than a 10:6 cash valuation). After taxes (if you sell) on that you end up with $.152 per share
In order to make this same profit, you'd have to sell a share for $.22 to realize the same gains (before payout).
This all assumes the shares have been held for less than 1 year, if they are subject to capital gains vs. ordinary income you'd still have to sell for roughly $.18 to realize the same gains.
Anyway, the power of the divy is big especially with a then cash rich shell. There is something to be said about getting out with a profit and never looking back, but who knows if the divy DOES happen, then I think we would all agree this company is no scam and will provide other such opportunities going forward.
Just my 2 cents, who knows what the share price will be after the payout, but I gotta think it will be at least 1:2 with cash.
-Turbo
