It is a fact that Mr. Sartini's GDEN stock is not entitled to the Jamul notes proceeds. According to relucas5656 which he posted on Nov 18, 2015 and I quote, "According to Thomson Reuters, Blake Sartini sold 675,000 shares on Nov.6. He sold at just under $10.00/share". Now if you have purchased GDEN since, do you own the GDEN with Jamul proceeds or the one without?
Therefore the argument that current holders of GDEN are entitled to Jamul notes is not sustainable because there are 2 different stocks of GDEN that are undistinguisable.
There are so much ambiguities on this dividend that I think eventually the court will decide. During the merger, the GDEN stocks issued to Sartini will not receive the dividend and only the stockholders (referring to LACO holders) will receive the dividend. Is Lyle referring to stockholders at that time or future stockholders?
Do you know the next quarter distribution for this stock and how much if ever they decided to declare one? I agree they should pay debt first but I think it is more advantageous for the partners to get the cash now and worry about debts later.
The acquisition of Montana business was announced today at 8:31 am but there were 160,000 shares traded yesterday which was unusual volume for GDEN. Did someone knew the acquisition ahead of announcement and accumulated the stock?
Not if you purchased the stock after the dividend record date which I presumed to be the date of merger. How can you this stock be a good investment if you purchase the stock today? You will not be receiving the distribution. Its operating loss does not warrant this stock to be worth $10.30. Maybe $4.You all should listen to CNO.