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Augme Technologies, Inc. Message Board

jt81508 1 post  |  Last Activity: Oct 10, 2015 1:11 PM Member since: Feb 8, 2005
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    dividend suspended, but still cumulative

    by winmore_98 Oct 10, 2015 12:38 PM
    jt81508 jt81508 Oct 10, 2015 1:11 PM Flag

    winmore, I feel like a fool. I subscribed to Street Authority's High Yld. Inv (Nathan Slaughter) just last week. Read the Sept. issue and bought MHR-D, 500 sh. based on His recomm. Yesterday noticed after Hrs. dropped 2.58. I omitted to read Nathan's alert He was selling MHR-D on Sept.30th. I have never been in a situation with a Preff. Stock suspending dividends. Read on Quantum On Line about it & you are correct the Divs. are cummulative. The big ? is what about if the Co. files for Chap. 11? The other issue is if they liquidate the redeeming value of the Pref. is $50/sh.. I might sell next week, at a big loss. My investments are in an IRA (no loss deduction). Good Luck