RE:RE:RE:RE:The market is telling you......I have never in my investing life seen an ex-dividend date be disclosed 1 day after that date. I would have thought this was fraudulent and illegal, imo, as anyone trading the day before (21st) would be doing so not knowing that they were actually trading ex-dividend, i.e. not counted.
But for those voting "yes" simply because of the drop in share price, keep in mind that 1) thi sdrop is inevitable since the value of the currently traded shares excludes the payout for the sale, and 2) this is very easy to manipulate to manufacture an apparent "capitulation" of the share price, and make it look like everyone is running for the hills. IN FACT, the opposite may be true here: people are selling BECAUSE they've already locked in the dividend (as small as it is), and by creating downward momentum, they can buy back in 1 cent lower to particpate in the 2nd tranche.
In other words, this has become a day-trader's stock, nothing more, nothing less. If you're doing that, go for it. But DON'T confuse the low share price and the volatilty with an excuse to vote "yes". They are entirely unrelated.
There are reasons to vote either way, and I'm sympathetic to those who think this is the best deal we'll get. But in my opinion, this is basically no deal at all. If I (or you) really want Vibe shares, just go buy 'em. They are cheap. This is a complete decimation of the value inherent in our assets by a completely incompetant management whose actions over the past 12 months are so dubious as to warrant investigation, in my opinion. I cannot support them.
I will vote No, and if the company survives, I will vote for any new slate of BOD that emerges.
And I am confident one will emerge. It always does with money. ;)
dileas48s wrote: Iscfa Is quite correct about trading ex dividend. It hadn't occurred to me that since the first deal is done it does devalue the share price.
lscfa wrote:
The market is trading the stock ex-dividend today because bozo mgmt disclosed the record date after the fact.