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Replies to post #78469 on 8000 Incorporated (EIGH)

Replies to #78469 on 8000 Incorporated (EIGH)
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Dogfish Head

10/21/10 4:09 PM

#78472 RE: snakecorleone #78469

Snake, you're 100% correct. And Santa Fe Burlington paid them no less. There is no plausible explanation for this other than it was paid by a short. EIGH has no affiliation with Santa Fe Burlington. Very, very interesting indeed!
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alien42

10/21/10 4:09 PM

#78473 RE: snakecorleone #78469

what are you talking about? the dividend wasn't paid.
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Long2Retire

10/21/10 4:28 PM

#78490 RE: snakecorleone #78469

Divi's were paid to help the audit. Could have been a tactical move. IMHO. Leaves a paper trail. We knew they would be taken out. Hope nobody spent them.
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janice shell

10/21/10 9:38 PM

#78600 RE: snakecorleone #78469

I guess I am confused over how divi's get paid if the company didn't pay them...

No dividend was paid by anyone. The company failed to notify FINRA that it was canceling the divvy. Two major brokerages--Etrade and Fidelity--evidently didn't realize there was a problem, and advanced the dividend payment to clients' accounts before they'd received the money from DTCC.

When they realized their mistake, they removed the money.

End of story.