Geez Sean, maybe you shouldn't be holding a short position here and trying to scare us into dumping for you!!
Anyways, the SEC filings were clear, spins are to be sent to the London exchange, reason being gwgo said they would be restricted for a year and we couldn't trade them, so gwgo is doing a foreign exchange scheme. I have Scottrade, and I will most likely see my div on the 9th, and scottrade said what gwgo is doing is legal, weird but legal.. and here's a side comment by the agent as she was ending our conversation,,,..
"Wow, they're (gwgo) almost acting like they care about common shareholders........giggle" I'm still trying to figure that out. By the way, I received every div promised (2), exactly as promised so far.. and, in another filing, gwgo said it didn't want to r/s and will roll shareholders into it's new company sector. Well, it is a pr, so who really knows. Since it's o/s is under 20 billion, not 700 bill, like cmkx, a r/s may not be in the companies best interest. But, there's nothing to stop gwgo from r/s. I still don't trust any penny stock as far as I could throw a stock certificate against the wind............
My prediction, if a r/s does happen, it would come right after the spins are official and before the roll over to the new company,,, so you would have about 120 shares left for gwgo2 or whatever the new name would be. And if gwgo does it like the last 10 companies to burn me did, they'd announce it 2:45 on the friday before a monday holiday when the markets closed and state the name change for tuesday morning. This makes it virtually impossible to unload stock if you weren't looking at a live feed at 2:45 and went nuts to place your sell order............
Hey, it is gambling right?
glta S5
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