The Company anticipates that the net proceeds received from the sale of the Jamul Note will be distributed to shareholders during the summer of 2016. The record date for such dividend will follow the Board of Directors’ declaration of any such dividend and will be announced at such time.
Found this on the net. I must have missed it. I mean, he has held the stock for years now.
The new filing, I thought, just transferred ownership. Because he wants to make money off us, not with us.
payable June 6, 2016, to shareholders of record as of May 16, 2016.
I guess the real ex date is 3 business days prior to the 16th or something.
Its screwy. Would seem like they could find a way to make it less screwy given than the overwhelming majority do not hold shares in certificate form.
They didn't mention net proceeds, just gross.
The exact price has to be determined for people to be able to decide if they want to buy it or not.
FUR has declared a liquidating distribution of $2.00 per common share payable in cash on May 17, 2016 to common shareholders of record on May 10, 2016.
ex-date is 5/6. If you bought yesterday, you get the $2, if you bought today, you don't.
No court cases are needed for simple matters like this. You just need the common sense of a 5th grader.
There seems to be a comprehension problem with some posters.
Why are we down 4.57% today ? Was something in the call bad ?
That's what people have been saying over at seeking alpha.
Tax issues too for people in a taxable account. I own mine in an IRA so it doesn't affect me. But, when it goes dark, Im stuck with approx. $8 in value going dark for 6-9 months or longer. I expect we will get most of our money within 9 months but we could have small amounts that drag out over a couple years.
Looks like the SEC is formally investigating Kemper disclosure based on an 8k from the 5th.
On a company this big, it probably doesn't amount to much.
Investigating Estimated Construction Costs, Estimated In-Service Date of Kemper
They have all kinds of overruns at all kinds of plants. Its amazing really.
Its like they have never completed a project at or under budget. But they don't want to take the blame for anything.
This should get and keep us over $1 permanently. Been a long wait for something to happen here.
On May 5, 2016, the Company's Board of Directors authorized a dividend policy and declared an initial quarterly cash dividend in the amount of $0.025 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on May 31, 2016 to stockholders of record as of May 16, 2016. Under the dividend policy, the Company will target a cash dividend to the Company's stockholders in the amount of $0.10 per share per annum, payable in equal quarterly installments. Subsequent dividend declarations and the establishment of record and payment dates for such future dividend payments, if any, are subject to the Board of Directors' continuing determination that the dividend policy is in the best interests of the Company's stockholders. The dividend policy may be suspended or cancelled at the discretion of the Board of Directors at any time.
Not me, Im holding to the end. But a case could be made that we will have more selling between now & 3 months from now when it stops trading. If we don't have an equal amount of buying, the stock will go lower.
Institutions have their hands tied here. Most of them anyway. They aren't supposed to hold things that go into liquidating trusts.
"Some of these guys... hype whatever the current product, idea, concept or whatever flavor of the day people want to hear. Investors get excited about the “current,” but never realize what complete business failures the guys actually are."
I dare say 14 years is long enough to determine Calvert is a complete business failure.