AmBase Corporation (ABCP): I don't understand how they could pay th...

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Re: joethebow post# 273

Sunday, 03/10/2013 6:36:44 PM

Sunday, March 10, 2013 6:36:44 PM

I don't understand how they could pay the $2 dividend one
day and then the stock opens at $1 the next. Could I have
sold the day after the ex-date for $3 or whatever the high
was that day, and still collected the dividend? That's how
it works with any other stock I've ever seen. If I had had
any clue that they were not going to enter some business
I surely would have as I bought 3000 shares on the divi
announcement. I am holding some stock in shells also,
but not this one, at this price. I'm also curious as to why
is it trading and even trading up to the present $1.21?

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