Your post is the same info given to me several days ago. She was not exact on the date, but indicated that they would try to have the WORK (SI & dividend announcement) done by week end. It is possible that this could go into next week. If that is the case they must be some important points they don't agree on.
I don't know where you got that FFO number from but it's unlikely that IR gave it to you. It matches the guesstimate I posted a few days ago from an S & P consensus estimate. If IR gave it to you then that would indicate NO DILUTION.
I still buying down here, if im wrong I will pay the price,
I really dont think anyone is meeting or if they do, the news are bad. It is not worth than I though we are right on target at $7 preparing to slide to $6 next week. But this only confirms what I saw.
The stock pricing is the ultimate barometers of what is going on short term.
The stock has become such a speculative play that I am sure many big money traders are watching this carefully for any major quick buck. Goods news inevitably leak one way or the other. A meeting wrapping up with good options would have been known by now.
Be all prepared for some more rougher time than what you ve seen so far. shorts are watching too...
but I would expect the volume to be higher if that were the case. I believe we are continuing to suffer from a combination of investor anxiety over the unknown plus tax-loss selling.
I believe this year is seeing the most aggressive tax-loss selling EVER seen because while this year will go down as one of the strongest for the major indexes, it also has incredibly weak non-performing areas. I heard yesterday something like 60% of the NYSE stocks are down on the year.
Still, the only logical reason I can see for no announcement is that they don't have anything on the table. To have a viable plan and not announce anything in this climate would be the weakest move Doc has made so far.
Wonder if the RAUGAR option is being played out? I suspect we'll know around year-end.