RE: Fuller spinoff...with the share price at .08 this .007 dividend in Nimini shares still works out to 8.75% which is quite respectable for a dividend.
But what makes this 9% dividend pack a lot more punch, is that the naked shorts in axmin will have to come up with 9% of the value of their short position in shares of Nimini. Listen to this recent audio interview with Jim Sinclair where he is proposing some kind of dividend as a way to shake the shorts off the neck of a stock:
https://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/8_Jim_Sinclair.html
The more hassle and inconvenience involved for a shorter to come up with his share of the dividend which he absolutely MUST come up with, the more likely he will cover his short position prior to the record date for the dividend. And what could be more inconvenient than having to buy or borrow shares of an extremely illiquid and tightly held stock like Nimini, especially if their $5 million PP were to go only into friendly hands.
Now what if the sequence of events were to be to announce the underwriting agreement of the debt financing and then a few days later to announce that the dividend in the spinoff will be done in a few weeks time. The ensuing rush of new long and short covering buying might be enough to launch the SP to levels that are much more palatable for doing an equity raise.
Now I wonder if the savy and experienced people behind axmin may have already thought of this and that this may be the real motivation behind the spinoff ...