Re: Comstock out
Posted: Sun May 07, 2023 10:04 am
The plan is to keep paying it until the plan changes.
The plan could change if prices stay low for longer.
They know if they make that decision, the name instantly loses 20 %
So, we have a plan to maintain it to prop up the "already low price"
Now , if you're devious, you cut it, hammer the price, and then JJ comes in and takes out the minority holders at the depressed level.
This has happened in some shipping MLP's that I follow. The company eliminates dividend, price falls 50 %, then the managing partner makes an offer 15 % greater than the hammered price, and the investor gets screwed again.
That's why ethics is high on my list.
-Paying JJ the pref dividend, then timing the ex date on the common one day later so JJ can double dip and get a payout on that after holding for 24 hours was total BS, I throw the flag on governance and at that moment got out at 18.10. The subsequent weaker prices was icing on the cake
Now I like the Cowboys and JJ rise from nothing. So this isnt a Dallas/Houston thing, it's the G in governance thing.
The plan could change if prices stay low for longer.
They know if they make that decision, the name instantly loses 20 %
So, we have a plan to maintain it to prop up the "already low price"
Now , if you're devious, you cut it, hammer the price, and then JJ comes in and takes out the minority holders at the depressed level.
This has happened in some shipping MLP's that I follow. The company eliminates dividend, price falls 50 %, then the managing partner makes an offer 15 % greater than the hammered price, and the investor gets screwed again.
That's why ethics is high on my list.
-Paying JJ the pref dividend, then timing the ex date on the common one day later so JJ can double dip and get a payout on that after holding for 24 hours was total BS, I throw the flag on governance and at that moment got out at 18.10. The subsequent weaker prices was icing on the cake
Now I like the Cowboys and JJ rise from nothing. So this isnt a Dallas/Houston thing, it's the G in governance thing.