Notis Global Inc. (fka NGBL)

[TraderGash]

I think that there is potential for significant price confusion tomorrow morning at the open. I agree that any movement in price is likely to be downwards.
I suggested that longs should exit before the close as there is a good chance that the opening price will be lower. You would have to take into account that you are now the proud owner of a 100% dividend consisting of restricted shares that can not be sold for 12 months, after which you will have to go through the process of getting the legends removed from your certs. If you believe that the current pps reflects the fundamental value on MDBX you should not be worried!
I suggested that shorts should exit before the close because I believe (but may be wrong) that anyone who held a short position at the close today now has an obligation to deliver (when you close your position) the dividend to the party that provided the borrow. I have no clue how a short could meet this obligation. There is a risk that a broker would insist that the dividend be covered at the same value of unrestricted shares. I covered my short before the close so I don't have to face this situation. I doubt that any broker could give a clear answer on the obligation of someone who was short at the close today (I.e at the the payment date) and tries to cover in the future.
So I can truthfully say GLTA!