"A .15 cent stock cannot pay a $1.00 dividend in cash. It had to be in stock."
That assumes that the .15 is the correct valuation for the stock, and based on the complete lack of information about this company, how would anyone know that??
I agree with you in practice, but the absoluteness of your conclusion is wrong.
I can tell you from experience of one company that in late 2002, had $3 per share in cash, was cash flow positive, had over $50 million in revenue, and traded as low as $1.99, and in a $2.00 to $2.20 range for about 6 months. Now over $15
Stock prices sometimes miss the boat....both ways, over and under. If IDWD somehow has the value they say the do, I sincerely congratulate the holders.
I just don't see it happening on the fundamentals (or the invisibility thereof), and management's ability to sell their story.
Doesn't mean you, or others, won't make a buck. Just means it will be on the backs of other investors, not the value of IDWD by itself. That is a pyramid scheme, no bones about it.
LITO