CEO,Board members and owners of large blocks who own millions of shares will get the money the easy way instead of filing forms that may look suspecious and may cause the stock price to tumble. The avaerage investor gets a big zero or less. The day of ex will be a massacre and the stock may close less than $6.
I love your choice of words..."It May close below 6"...Well with that level of dedication I say it may close above 16. The perfect beating of you worthless shorts would be a buyout announcement ex-date-eve lol...I think I would piss myself laughing so hard.
Exactly right. That one doesn't know squat. The Chief wanted to buy it before and withdrew the offer. If there was a buyout offer on the ex-div., date I wouldn't be able to contain myself from laughing hysterically at the shorts. One thing is for certain- this is the first time that a div. will be paid to common stockholders in this company. No one knows what will really happen. Who knows? Maybe this type of dividend will be paid again. Emmis is obviously filled with extra cash from the sale of so many stations. I think that there are still 2 more that are ready to be sold.