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Friday, September 18, 2009 12:46:31 PM
Note the term "generally". This is absolutely not the case with EXPH or any pink sheet stock.
Just be weary, this move is not done from strength, but rather as a desperate defensive strategy. You did notice that the release appeared minutes after the price dropped below $1?
Additionally, from the PR, they are: "currently reviewing the possibility of a special dividend". This is just a headfake. Did the MMs flinch, or did MOMO guys misread the release? My guess is the latter.
There are considerable legal costs to restructure the company and spin off a division via a special dividend. Is this REALLY the best use of the company's very finite cash reserve? I'd bet that it never actually happens...
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