Mack's OTCBB Macro-trend Musings

[Mack]

REIC - Looks like more likely happening soon!

The following statement in yesterdays SC_13D is quite interesting:

6.5 Closing Date. Notwithstanding any provision herein to the contrary, the parties hereto agree that the Closing shall occur on or before April 29, 2005 and that time is of the essence with respect to such date.

Now that sure gets my attention! Normally after a dividend, the price will back down by the amount of the dividend. But as this one was announced at the last minute and new events are likely, any reduction in price will likely bring in new buyers.

As for the nice Dividend! Who woulda thunk it? :) I already got the cash in one of my accounts.

Good job to you to Pat! Sure wasn't many of us playing this one.

Still keeping a mostly defensive posture overall and intend to further build cash when core holdings make a run (except for financing the Sunroom my wife wants to build).

Gotta spend some time cleaning up the board this weekend, looking a little dated :)

Mack