Wednesday, July 24, 2013 2:28:07 PM
To act as though being told that you will get 3-1 as a dividend might not influence peoples buying of a stock is ludicrous in my opinion.
That would definitely be a reason for some to initially buy or take an increased position in a company.
Then to state that you are moving that date out AFTER the price has dropped is irresponsible of the company as well.
While I consider myself long here and also while I don't have a ton invested here... it is really odd behavior and I don't think the company acted properly and that should be recognized.
Doesn't make it a scam, doesn't make it a wise investment... just makes it seem a bit fishy and I for one don't like it one bit. They shouldn't make a statement like that without following through. If they knew it couldn't be done quickly... it should have been retracted IMMEDIATELY and the CEO should be held accountable.
My 2 cents and off my soapbox.
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