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profithigh

08/28/15 12:08 AM

#26638 RE: 1manband #26599

They were issued to Nobilis so they could dump the shares. The company bought those shares back when they hit the market.

The problem is that those shares were issued after 30th of June. Meaning the company should not be receiving a dividend for the shares Nobilis dumped to them.

Unless there is something somewhere stating shareholders of record after 30 June and prior to 17 August get the divvy then the Company will have to give the money back.

Now the problem becomes did they intentionally mislead to try and scam for the divvy or did the DTCC just give the divvy out to shareholders of record at the dividend date instead of 30 June.

If it can be proven the DTCC is at fault for the "glitch" and it was a mistake there really shouldn't be a problem. Especially if the company pays back the money.

But if there is evidence of fraud the stock will most likely never trade again.