Replies to post #449 on Quicksilver Inc. (fka ZQKSQ)

[LouisDesyjr]

CNN reports are mostly automated

Reports like that are mostly automated from other sources. It is clear that what they have there is outdated and not accurate in light of the bankruptcy filing.

A recent example was GNI, Great Northern Trust. It was a trust that ended April 6, 2015. The stock kept trading up because people thought the dividend was going to be paid and going forever. The stock summary pages would show the yield as something like 15% or higher. People would post after buying shares why the yield was so high, then someone else wold explain the dividend was only going to be paid for a few more quarters and then a final liquidating dividend. The result was that people were, at times, paying $20 for the right to get $15 in total dividends (quarterlies plus final) before the trust was closed. People could see that from the summary page and had to look into the company web site or SEC reports to see that.

Louis J. Desy Jr.