it's not about the decision when to PR yesterday. It's about why announce such an important decision months ago based on thin air and wreck their credibility with investors.
I find it a lite bit suspicious that they said that the PR will be released during trading hours on the homepage...
Perhaps there was still a small chance of a necessary domino falling in place before the Feb 20th deadline, thus the 3PM to 10PM EST announcement window?
I had noted the divvy announcement on the calendar prior to this week but I don't remember a time frame being listed. I wonder if the time frame was added recently?
One thing I know, the JF boys had prior knowledge that this was coming, or at least was very likely.
3 days ago (day after the pub meeting), the volume was 1.2M shares. BMAK dropped a block of 350K. It was a normal dilution day. No evidence of JF members selling.
2 days ago, the volume was 260K. Normal volume when financing shares are not being dumped. Again, no evidence of JF members selling.
Yesterday, we had a new MM, AEXG (or whatever the call letters). Acted like BMAK but didn't cover. Perhaps an individual or small group of JF members with an itchy trigger finger? Pure speculation on my part.
It hardly matters now. Today should be interesting.