RIFCO Inc. V.RFC

bought more at $1.35

[SamRothstein]

Really scratching my head here.  I bought all I could at $1.35 today.  Today is last day you can buy and get the $0.35 dividend.  I just don't understand who would want to sell it at $1.35 today when you get $.35 div paid on Dec.10.    I keep wondering what I am missing here, but looking at all their numbers it seems like a really good risk/reward ratio.

[Lawyerup]

I think it was the last news release which was really confusing.  It made it look like the ex-dividend date is this Friday Dec.4th.  The management team of RFC needs to definitely be replaced.  The confusing news releases are just one example that reflects poorly on their management.  All the best, Charlie.

[SamRothstein]

Charlie, thanks for the insight I am hoping you are right.  I could not agree with you more, the CEO and entire board neeed to be replaced and I am definitely voting my now sizeable number of shares for the new team.  I really wish I could be present for the AGM.

[Lawyerup]

Good move Sam.  Looks like you got the double bonus today a hefty special dividend and the price has actually moved higher.  Always nice to see someone getting ahead.  All the best, Charlie.

[SamRothstein]

Charlie, I called my brokerage and they confirmed that the ex div date is Dec.11.  The "due bill trading" means you can still buy it up to and including Dec.10th and get the dividend.   I think the confusing part is the record date, because both of the press releases talk about having to own the stock by the record date of Dec.7th.  When they get tnto the "due

[Lawyerup]

Thanks Sam for the information, much appreciated.  This clears things up.  Cheers Charlie.