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 $0.10 per share per annum, payable in equal quarterly installments. Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors' continuing determination that the dividend policy is in the best interests of the Company's stockholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.
He#$%$ 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.
This should get and keep us over $1 permanently. Been a long wait for something to happen here.
The money will all find its way to shareholders over time. The spread represents the discount for those willing to hold an illiquid stock will waiting for the distributions.
It doesn't sound like taxes will be a huge negative as they will value it at the midpoint of the bid/ask on the last day of trading.
This opportunity to buy at a nice discount is available because much of Wall street cannot or will not hold illiquid stocks and its very possible that the value of this stock just disappears from our brokerage accounts when the stock stops trading. That's going to kill anyone who is judged on a "mark to market" basis. But its also a minor issue for the rest of us. I track my IRA on a daily basis and its going to take a huge hit in value shortly after 8/1 unless the brokerages just continue valuing it at the last trade and I cant see them doing that and then adjusting it downward with every distribution thereafter.
It will be interesting. As someone who owns a number of CD at miniscule rates, FUR represents a very good opportunity to buy future cash flow at a discount in exchange for some uncertainty as to the actual distribution dates. And the concern over mark to market accounting for institution's.
Found this on the net. I must have missed it. I mean, he has held the stock for years now.
The new filing, I thought, just transferred ownership. Because he wants to make money off us, not with us.