Your response was somehow deleted by the brain trusts at yahoo. The same ones who allow massive spamming without anything being done about it.
I agree that piece meal is fine. I think we get the bulk of our money within a year or 13 months but maybe $4-5 delayed longer.
And we have a potential flier in lawsuit proceeds with an upside of maybe $2 per share but little to no present value because its just too unknowable to predict. But if we get $1 out of the lawsuit 5 years from now, that would be a nice extra gift.
I figure we pull out $11.50+ within 26 months but with another 60 cents to $1.25 possible. Plus the lawsuit which might be a zero.
That's why I own the stock. But, that value is going to disappear from out account starting or shortly after 8/1.
And god knows what happens to my accidental fractional shares. (I mistakenly started dividend reinvestment one time a few years ago)
I cant imagine my broker is going to pay me distributions on those fractional shares.
Not sure why they merged with unwired planet and not sure of their book value
Not sure what the purpose of the 22 cents is.
GEC is down about 7% on the news. This doesn't seem like a great deal to me.
I was seeking a cash out for near NAV.
Looks like the SEC is formally investigating Kemper disclosure based on an 8k from the 5th.
On a company this big, it probably doesn't amount to much.
Investigating Estimated Construction Costs, Estimated In-Service Date of Kemper
Dragging on too long.
If you cant see that, its by design, Its called brain washing.
On May 5, 2016, the Company's Board of Directors authorized a dividend policy and declared an initial quarterly cash dividend in the amount of $0.025 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on May 31, 2016 to stockholders of record as of May 16, 2016. Under the dividend policy, the Company will target a cash dividend to the Company's stockholders in the amount of $0.10 per share per annum, payable in equal quarterly installments. Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors' continuing determination that the dividend policy is in the best interests of the Company's stockholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.
A one time distribution is not a dividend and it doesn't yield anything. If they pay out $1.72, the stock will drop $1.72 and your cost basis will too.
The ONLY ambiguities are those who fail to read or understand simple English.
Anyone can get the distribution by buying before the ex-date, which has not been determined yet.
Who owned the stock months ago is not relevant. Everyone who owns the stock will get the distribution except Sartini and those connected to him.
The stock has been going up, in part, because the $1.72 will be paid to shareholders soon. Even those that cant understand English.
He#$%$ missed the prior move fro 51 cents to $22. They missed the move from $5 to $8.75.
They have been stuck on "sell" the entire time.
Maybe its time to get another job and move on ?
Not sure why the stock is down.
That will pay for 4+ years of dividends. But, its just a return of capital.
I think the stock should be trading closer to $1.75 because this dividend indicates a willingness to do something about shareholder value, finally.
I did not sell ANY on the move to $1.50 because while its easy to say it got too high in hindsight, It was reasonable to think it would continue higher to at least $1.75.
Im probably going to add shares on if we don't stay above $1.
A case could be made for a one time distribution, a buyback or both instead of or in addition to .
Dennis & Joey have 14 consecutive years of failure.
If they had a real board of directors, they would have been fired long ago.