their books? All monies would be frozen if SEC was investigating especially if it involves accounting issuses dating back to 2011. Tack on the DOJ investigation and assets are all frozen until cleared.OR! There is no problem. Diamond Foods is now well aware of it , and both the audit findings and dividend payment go public via the news wires as Diamond is found free and clear. You'll also need to assume the price would climb to $45 and Pringles is delighted to move foward with the sale, and that PR is worth $10.00 easy.To many things now starting to point to a successful recovery of share price and some big earnings and we see $60s again! Not a good short!!
volatility not over they certainly need to get this chit over before any real movement in the stock price. Dividend is insignificant news to prop up the price.
This gets more interesting every day. According to the last financial filing 7 months ago the company had 3 mil cash, 490 mil debt, 400+ mil goodwill, and 400+ mil intangible assets.Since the filing, DMND has paid out 3 mil cash in dividends. Accounts payable was 30 mil more than receivables. This is insanity!! Steven Neil is a real piece of work!!!!The company is 4 months into an internal investigation and completely silent until... Here comes your dividend. All is well... All is well. LOL
They probably have not paid payroll, electric bill or vendors since this stupid charge started. I'm long here and would love to support your claim - but give me a break. I thought the shorts were the ones with Diamond Nuts for brains.
Just sit back, watch and enjoy the ride!
also, the SEC and DoJ are not investigating. that wouldn't happen until the internal audit is completed.