And its stock is worthless.
Yes, listen to this guy !
I bought twice. at $1.53 and later at $1.22
Got 2 dividends on my first buy...on 10/7 and 12/10. Why aren't they 3 months apart ?
And what was the deal with extending the dividend date so insiders could buy a block of shares ?
The dividend doesn't assure the cash is real, the JAWS scam paid a $1 million dividend to prove they were real. The SEC called it a Ponzi scheme within a fraud.
Although with the top and bottom line losses this company has had for years, you would think they would fake better numbers if it was a fraud.
A mgmt.led buyout at a lowball price wouldn't surprise me.
The dividend record date has NOT been announced and this has been covered multiple times already.
If the distribution is what you care about, you will have plenty of notice in advance. Its not and never was the record date of the merger.
on Jan 5th, out of the goodness of my heart, I gave you an undervalued stock, RCKY at 10.39.
BLGO was 44 cents that day.
Now, RCKY is 13.08 + they paid an 11 cent dividend= 13.19 or +27%.
BLGO is down 23%.
A 50% difference in under 2 months.
I can lead you to water but I cant make you drink.
A Wells notice is a letter that the U.S. Securities and Exchange Commission (SEC) sends to people or firms when it is planning to bring an enforcement action against them. The notice indicates that the SEC staff has determined it may bring a civil action against a person or firm, and provides the person or firm with the opportunity to provide information as to why the enforcement action should not be brought.
Apparently their entire company and its $11.8 billion market cap is worried about Odor No More putting Arm & Hammer out of business in the near term.
They offered $16 per share for BLGO but Calvert turned them down. Something about losing their ability to sell share out the back door.
Meanwhile, BLGO sits at 31 cents.
The above is parody. Except the 31 cents part.
I got cash in one account and dividend reinvestment in the other account.
The DRIP shares were not at great price...$12.933 but I bet the shares go at least 50% higher in the next 2-3 years.
03/09/2016 P 5,000 A $ 12.6 54,881 D
Its a one time deal, not a consistent dividend. Its a distribution. The market isn't going to be tricked into thinking its yearly.
If you idiots would do that, the stock wouldn't continue to tank.
Talk is cheap. Buying costs money.
The 16b3 applies to his stock appreciation rights, not the stock he just bought.
So he has to hold that 6 months.
Had to look up the 16b3. It appears to exempt insiders from the short swing profit rule.
Apparently he could offer & buy the company 3 months from now for $4.50 and not owe short swing profits.
Do we know Miller didn't tender any ?
Id envision some kind of deal where Higgins & Miller buy the rest of us out at a lowball.
BAMM did just that. They ignored a 3rd party offer for higher and took it private at a lower price by simply saying the founding family wasn't selling.
The point is controlling shares are worth more than others.
No class actions with such small companies.