since i own over 2m shares of scmi/qtig this is a meaningful issue for me. we are talking about almost 500,000 shares of anticipated dividends that they decided to cancel.
as late as january'05 they were still insisting that the dividend payouts were coming. there is no good reason why they can't pay these dividends. it will simply change the ratio of qtig/scmi shares in the new company (mmxt). scmi sharholders will hold a higher % of mmxt.
peter and his entities own most of qtig, and it's not in their financial best interest to distribute those shares.
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