Monday, September 27, 2010 8:07:52 PM
A requirement to qualify as a "special dividend" is: It must be 25% or greater of the value of the security.
Now, if the dividend really becomes a special dividend (0.10 or more will do), a shareholder, in order to receive it, can not sell any shares until after the payment date. However, a forced buy-in has to occur before payment date.
So, what happens now? The shorters have to somehow seperate us from our shares, while we hold on to them, so we can receive the dividend. I like to see what they can come up with in the way of temptation.
Someone said there will not be a short squeeze. I agree. It will be a short squish.
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