Talking of a dividend and issuing even more shares while working on a so called merger doesn't make sense at all, why would the company merging in want more shares issued before coming on board?
It looks more dubious with the dumping happening, as you say dangle the carrot all the while a massive amount of shares have been dumped
I stand by my DD and posts. not floating/leaking info makes it professional. They never promised dividend news a week ago. please reread what PASO actually said. Current economic times most definitely have created additional time required. GLTY