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AK2003

06/30/20 1:24 PM

#105472 RE: goingbkrpt #105471

You think the shell will be sold/reverse merged?
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Myth

06/30/20 2:56 PM

#105474 RE: goingbkrpt #105471

I highly doubt they are buying back shares that are way overpriced now...doesn't make sense.

They had been prohibited from buying more shares, not sure if that is still in effect.

Like I said previously, someone is going to be pissed off when the smoke clears....

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Myth

06/30/20 3:07 PM

#105476 RE: goingbkrpt #105471

The number of shares that will reap the divi will not change....no matter who owns them. If the seller sold too soon, the buyer gets it...either way a divi will be paid on the amount of shares in the OS....

That way even if there is no dividend payment to them it is kept by the company anyway. This is only better for the current shareholders as the there will be less shares to pay out meaning bigger distribution payments in the future.