China MediaExpress Holdings, Inc. (fka CCME)

[GorillaGorilla]

Affect of 1 cent dividend - according to this posting - no idea if true or not.

5) Mr. Alvarez and I talked about CHTL taking extraordinary corporate measures to kill off the illegal naked short positions in the stock. One very good idea from a Morgan Stanley exec: simply declare and pay a one cent dividend. Legitimately short shareholders would have to pay this dividend to people they borrowed their stock from—that’s not the trick. The trick is that declaring a dividend would force naked short sellers to have to actually have legal custody of shares subject to a dividend—even illegal short sellers can’t get around this provision. If the company paid a dividend to someone who illegally shorted the stock they would be subject to major legal and FINRA penalties I am told. Not to mention out a penny a share for their imaginary shares. Mr. Alvarez has got his legal team on the job—and will let us know shortly if they are going to proceed.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54714168

rich