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zambia123

07/26/08 7:12 AM

#18085 RE: johnny2525 #18082

no, it will pop long before that is announced imo.
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Carpedeim357

07/26/08 1:54 PM

#18095 RE: johnny2525 #18082

Will be like this div they paid. Will have to own by a date they decide. Here they paid it 2 weeks after that date. No reason to think won't be same thing now. Ironic that date when they lat announced a div was July 31? Seems July 31 is coming soon? Maybe they hit us with news and div date same day? I have felt this be done by end of July. SO they gave a div year ago which shows the company does do them for shareholders.

FT. MYERS, FL--(Marketwire - July 31, 2007) - Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that its Board of Directors has approved a 3 for 1 stock dividend.

The dividend will be paid to common shareholders only of record on August 15, 2007 and payable in unrestricted free trading common shares on August 29, 2007. Each common shareholder will receive 3 shares for every 1 share owned on the record date and payable as indicated.
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Salty Pepper

07/26/08 9:11 PM

#18104 RE: johnny2525 #18082

Comparing BIHC to PTSC is due to the dividend is stupid. PTSC didn't run on the divy, it ran on Toshiba walking away from a 5 company lawsuit and settling giving investors the feeling that hundreds of millions of dollars was coming to PTSC. PTSC also had 400 mil or more in the float at the time.

The amt of the divy is not significant here to a big run. However there are TWO HUGE FACTORS.

One, in late April the float was pr'd at 24 million.n June the company twice announced they had bought back shares, conceivably 15 million in total. If the true float is 9 million there are going to consequences when the TA has to reconcile paying a divy out to 40 million shares. Can you say MOASS.

Two. If they sell Barons and get rid of whatever else they do you have a clean shell that, oh by the way has 10-12 million in cash. Can you say reverse merge with private company. Cha ching.

Either of these and stock goes over or close to a buck. If its just sell Baron's, take the money, invest in new business and the float was way higher than you might get a dime a share. And that aint bad either.
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clairmontasap

07/27/08 12:07 AM

#18107 RE: johnny2525 #18082

1. I would say hold the shares til the divy $$ is in your account. Some say sell before the divy is paid and you can get it, but it's been my experience that most who say that will be the ones posting "where's my divy? I held til ---- date so I was supposed to get it." Probably hold til you have the money.

2. There will be a pop when (and if) the PR confirming the sale and the divy dates arrives. The share price then will figure in what divy, if any, will be paid and has been formally announced.

P.S. On the day everybody gets the divy in their account, the share price will drop by the amount of the divy (reset).

Hope this helps.