It was listed on my Bloomberg Professional terminal with a 2/13 declaration date.
I looked quickly for confirmation but did not find one, though I did not search exhaustively.
Usually something of a factual nature does not get where it was on Bloomberg without being double checked.
On Monday, I will double check again.
The old rate was 5.5 cents quarterly based on the data shown, prior to the special dividend paid.
Please try even reading the Yahoo Insider Transactions page which say "Non Open market" which means they were shares under a stock grant or option exercise. Since the price was the closing price that day, that means it was a grant of FREE shares under a compensation program. NOBODY SPENT CASH ON THESE SHARE.
The easiest way to get here is simply to google
"Yahoo finance cyan message"
and a link will be right there
Yeah, I noticed that the CYAN board was "offline" for a while.
Remember the problems we used to have with Southwall?
I think YOU are hilarious.
Nothing has changed except your (mis)perceptions and the stock price.
We've been through this before.
A CEO is NOT allowed to purchase shares in the open market on the day of the After Hours Earnings Report. it is NOT POSSIBLE. It was NOT an open market purchase.
The purchase was made at the closing price for the day because THAT'S WHAT THE TERMS OF THE COMPENSATION AGREEMENT REQUIRE.
The same thing happened in August.
You are simply wrong here.
Understand the rules of the game and you can figure stuff like this out.
Its like people go screaming when they see a sale but don't understand that with a 10B-5 plan the seller does not control the timing of the transaction.
This a great example of possible self-deception.
Balance Sheets are presented in pairs in financial statements.
The current one with the prior fiscal year's one.
If the current one was restated, then they are presented as a restated pair of balance sheets.
So, it could be what you say.....or it could NOT be what you say.
There is a very very strong argument why you are probably wrong: If the company HAD, in fact, discovered that the 2012 Balance Sheet (or other financial statements for 2012 are in need of correction), the company would have been required to disclose that information because it falls into the category of being "material" (of substantial interest to the average investor). They would have been required to put out a press release, make an SEC filing detailing what was wrong, and made the information public.
Since they have NOT done that you are almost certainly WRONG.
But, considering what we have already seen I can express NO certainty about that conclusion.
We will know in relatively short order. I expect news tomorrow.
Hopefully it doesn't come after the opening.
pretty sure there was no "option exercise" as that would involve putting cash up out of pocket since no shares were sold to cover exercise costs and taxes.
Perkel was GIVEN FREE SHARES.
Yes, it is part of the compensation package, but certainly an egregious amount.
Thanks for the opportunity to get cheap shares.
Will they do an equity offering for cash? Only if they have a really good opportunity to take advantage of.
Will they do an acquisition for stock? only if they have a really good opportunity to take advantage of.
Should I be worried about being massively diluted? No, this isn't a company that is running out of cash like some biotech startup that needs to fund a Phase 3 trial.
It is also unlikely that "there is no explanation." Its probably right there in the proxy waiting to be found.
But, your ability to turn on a dime, while admirable in some sense (flexibility to admit being wrong IS pretty important), is also pretty hilarious in terms of the ability to switch from massive pumping posts to massive dumping posts.
All three names are getting whacked, which is odd since the 10-year Treasury yield is 6bp lower right now.
However, at -17 cents, ARCP is down less than 2% while NN and O are down nearly 3% each.
The outperforming trend seems to be continuing.
Of course, the clock is ticking.
You are hilarious.
Three days ago, you were such a raging bull that you posted every little tidbit of informatino you could, no matter how little value it had for investors, about why this stock was going to soar.
Now you think it is going to drop anout 35%. ABSOLUTELY HILARIOUS, I say.
Please don't give us non-sensical nonsense all the time.
For many years there were virtually no "funds" inveseted in this.
There was one activist hedgefund who exited last summer, selling on the first burst up.
The market doesn't care a wit what the price was 9 months ago or 19 months ago or 49 months ago.
The market cares about the trajectory of revenue, margins and cash flow, and the sustainability of that trajectory.
The real issue is that the short seller that exposed its position and thesis (the thesis being taht their sales aren't real, they're just sales into a reseller channel where inventory is now bloated) was demonstrated inthe Lake Street report to be completely incorrect. By the way, that statement in their report was directly from the company's CFO.
He should be asked?
Your scenario is preposterous.
There is not going to be any "dilution" that is above and beyond normal stock/option issuance under existing compensation plans.
The are probably hoping that they can do a stock split in a couple of years after it gets to $40.
Please, sell more so I can get some cheaper, I haven't added to my position yet.