I guess.. Lets say, hypothetically, ENZN falls to $1.50/share-- what would happen to the share price then after a $1.60 divi. Isn't this what we're betting is going to happen over the course of the next 2-3 yrs or whatever-- that ENZN's going to pay out more in dividends then the current share price. How is this possible?
Hypothetically, if the share price falls to $1.50 in the next couple days, before Friday next week, I would re-mortgage my house (which is currently mortgage free), I would sell everything I own, and buy every share at $1.50 that is offered to me.
Yes, I do think the 10% drop has more to do with the company not going on sale rather than what some people claim to be a pre-emptive sell-off in anticipation for the special dividend payout (why anyone would sell to the shorters makes absolutely no sense - as they're out that dividend by doing so).
That said, the royalties are good for at least the next 2-3 years, so what gives?