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bobby393

04/23/13 8:26 PM

#12087 RE: kex0414 #12084

Luna, here are some practical issues:

Others here have said that they have owned stocks where
the announced dividends distribution had been cancelled.

Where the company explained that at the time they
announced (or pre-announced), that they fully intended
to make the distribution. And that SUBSEQUENT financial
events made it impossible to do so. In other words,
that they had acted in Good Faith.
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Pennystomper

04/23/13 11:57 PM

#12094 RE: kex0414 #12084

It's a crime of intent to mislead. Why, because they know they had zero cash revenue and could not remain a going concern without finding money. Then they say there going to pay .01 div. for the sole reason of selling shares. Then to cover it all up they added a note in the 10-k that they planned to sell shares. Will dividend come no!!! Will this fall, yes!!!