I have been out of the stock market for ten years and this is the first penny stock I have ever invested in. It has been a bumpy ride but it all seems to be paying off now. Guess I was lucky to have found a penny company with real mm$ sales deals in their pipeline. I have learned a lot from following this stock and message board. There is still one piece of the puzzle that I’m not clear on.
Could someone who has been following this stock give me an idea why CPOW declared a 2 for every 1 share stock dividend on 11/18/10 to be paid on 12/6/10 when their stock price was already low?
After the dividend payment several days later the company’s stock price skyrocketed on 12/16/10 with volume going from 5,899 to 34,654,643. This seems a bit odd to me.
I beleive in this company. This question is for my education of the penny market only. Thanks you your help.