Replies to Post #106085 onCuentas Inc (CUEN)

Replies to #106085 on Cuentas Inc (CUEN)

06/14/16 9:00 AM

No one interested in getting Dividend dollars. If dividend dollars comes - that is icing on cake. Dividend is announced to catch naked shorts, file lawsuit if they don't cover by June 28 and forced them to cover and also pay penalties by court.

Louinjaxxx

06/14/16 1:41 PM

#106089 RE: slingwing1 #106085

There is a lot of double talk in the 8K to confuse the traders. Shares will be entitled to the holders of record on the record date. They will be issued after the lawsuit settlement because Next has no clue if they will win the lawsuit.

Reread the 8-K, slingwing1....

1. You said, "...will be issued after the lawsuit settlement...", but the 8-K states, "Certificates for the Class D will not have a CUSIP number, will specify the name of the beneficial owner of such shares and will be mailed directly to such beneficial owner soon after the record date."...not after the case settlement, but soon after 28-Jun-16.

2. What the 8-K did say about after the settlement, was that "The Class D Preferred Stock must be redeemed within six months..."

All should reread the 8-K to avoid confusion.

IMHO.....Louinjaxxx