Replies to post #31638 on Calissio Resources Group Inc (CRGP)

[ntbiotech]

That is not the problem. The problem is NOBLIS selling shares at a lower cost than the dividend.

Once the dividend is paid, the stock price drops by the dividend amount. If the share price was 0.10 and dividend was 0.01, after dividend payment the share price would have been 0.09; NOBLIS would have made 30 million dollars and wouldn't have mind paying 3 million on their windfall. However share price stayed under 0.01. When others were buying, NOBLIS was selling and they probably made close to 1 million on their sells but forgot that they had to pay back 0.011 per share they sold. These shares were free be shares that were never bought on my pen market. Rather just sold.

I expected the price of this stock to increase significantly. It never did.as a result my dividend was 3x more than what I paid for this stock. It was all common sense. Why would you not buy if price is not going up and you will get more in return then what you bought it for.

[Welcome2Pinkyland]

Doesn't seem like that should be much of a problem. CRGP is the one paying the dividend- so all they would be doing is paying themselfs. On the other hand if COR's client sold short against stock they owned and planed on covering the short with the stock they owned and planed on covering later - like always happens in pinkyland- that would be a huge problem for COR's client- because, unknowly they would be on the hook for the divy.