GTGP Update 2:
Clarification by CEO came out hours after my first update.
Coincidently, the word "clarification" was used too...(spot on lol).
Anyway, CEO also clearly mentioned this time that dividend was for a PRIVATE company as per my earlier update. There is also NO ex-dividend date...understandably because the private company might or might not get listed, and there is no deadline for that to happen. There is no clear mention and guarantee for listing, although GTGP faithfuls believe it to be so. That means you get shares in that private company, but you might NOT necessarily get to convert those shares into cash. It all rests upon how the company proceeds.
As usual, Jim does not use forward looking or safe harbor in his PR, and though that does not mean the world, that's a small plus point.
This update is more of a translation of CEO's clarification.
Just know one thing: so far, Jim has played fair. Though there has been quite a lot of selling going on the past few trading days, there is clearly no run-killing dumping so far. At this writing, I don't see the company as a scammy one, but going forward, much depends on whether this pink of a real company is able to fulfill its business plans and meet targets.
Bid you all good investing,
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