AlanC, There are no coincidences. In fact, it is my belief that the suspension will not effect the dividend. Remember, WD is a wholly owned subsidiary of FFGO. WD is holding the preferreds until the record date is set. Those preferreds are not FFGO shares. They are NMGL shares.
Why NMGL has delayed filing is anyone's guess. I am sure they will file their 8-K's and 10Q's and 10-K's all at once. That will trigger the record date process.
Expecting the record date to happen soon.
Dropping to the grey market still means the stock is trading. And still means there are shorts circulating.
If a buyin is ordered once we drop to the greys, it could be very costly for those short when they are forced to cover.
UBS was not reporting their short interest or daily short volume accurately. They are one of 4500 brokers regulated by FINRA. Which companies they and/or their short selling clients were targeting is not known. It is possible FFGO was one of them.
Was lucky to buy another 2MM yesterday before the suspension. For the record, it took over an hour to fill the order.
Tic Toc
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!
