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janice shell

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janice shell

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Re: drdetwin post# 39513

Friday, 06/25/2004 10:19:12 PM

Friday, June 25, 2004 10:19:12 PM

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Question: theoretically speaking. (UC owns the O/S so in order to force the shorts to cover announces a cash dividend)

would the company need to have the cash on hand in order to legally release news of a dividend, even though the MM's would be the one paying it out?

I don't know if that's a legal requirement, but he'd be an absolute fool to annouce a cash dividend and an ex-dividend date if he couldn't afford to pay out.
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