Should be an announcement of the SEC Filing of Spin Off Plan any day now. As NMB says, they could be in a black-out period now.
Did Cohen specifically state in the CC that the dividend will remain at .64 for Q3? Otherwise how could it be the basis of a lawsuit if it's less? Also, I don't get where there was shareholder deception on the PR Charge Management took.
How were investors misled? I don't have a clue.
Look at it from the bright side. Management has the opportunity to buy about 380K shares daily and meet the max requirements. With the SP sub $14.00 they can put a real dent towards offsetting those Options and stay within the announced guidelines they set for buybacks.
You are way off on the BV. The company announced through it's earnings release that the book value was down to $4.56, pre split. Someone correct me if I am wrong.