It's absurd. Anyone long on ARR have to be laughing their butts off reading this farce that the BV is $1.93 or $2.05 per share.
and was expected to bounce back to $8 just like that it would be over $10 right now with heavy volume buyers.
What this strange (out of know where) dividend is doing is just reducing the net worth of the company. It's one thing if the company got a big cash windfall and distributed the proceeds back to the shareholders as a dividend, but I'm not aware that it's the case. But for the Board to approve a huge return of capital all of a sudden doesn't make sense. Look at all the cash Apple has built up in it's coffers. You don't see Apple Mgmt. doing a special dividend back to shareholder.
So why are they doing such a massive special dividend. Was there some kind of big cash inflow that we are not aware of. No rational BOD would approve such a payout that would decrease NAV like this. Whose on the Board anyways? And are they trying to get a big payday for themselves?
But they have to stop the BV bleed that has been happening. You know that factors in the SP sell-off. I don't know where your getting these increases in the dividend? Did management give such guidance, or is that purely your opinion?
This Wyoming decision in all probability sealed the fate for ANR to seek Chapter 11. These mom and pops will ultimately do better than 14.5 cents on the dollar in BK so why sell?
It's called Chapter 11 Reorganization. They would be able to issue a trainload of shares to compensate the Debtors. There's only around 200 million shares O/S currently.
Something is supposed to happen in the 3rd qtr. according to management. Is that when we can expect the Official Proxy Notice?
Why in the freak'n world would RSO do a reverse split with a downward trajectory on earnings? That would be the last think this management would do. In fact it would amount to malfeasance. The Shorts would murder the stock after the Split.