Yes it did which surprised me. And your probably on it about ARR trading between 3.17-3.22. Technically speaking RSO is well into oversold territory, and will probably drift until the dividend cut is formally announced.
Bell, I lost on Options also trying to time the spin-off activity. But I'm not complaining having a cost basis on this stock in the $2.00 range. So I'm waiting with the rest of here that are looking for some decent dividends from our spin-off companies within the next 6 months or so hopefully.
Now that Management has disclose that regulatory relief is less likely. I expect the SP will finally start advancing on this news and the fact that the Proxy will be issued in the 3rd Qtr. which is only 4 months from now.
jumbo, you summed it up well as far as what to expect. The timing is all speculative. What is probably taking a lot of time is the review process by the SEC. This spin-off scenario is a major undertaking and very complex. So I'm sure the review by the SEC is going to be lengthy.
If you believe what this idiot is saying than I have some prime real estate I want to sell you in the Everglades. An 80% increase by the end of 2015? Totally ridiculous.
I finished listening to the CC replay a little while ago. I'm impatient like the rest of us here but can sense from the call the complexities of this spin-off which they said is the first of it's kind trying to be achieved by an Investment Company. It'll probably take another 6-9 months but I'm resolved to stay the course.