OTCPK:NNDIF - Post by User
Post by
Bigbird999on Dec 06, 2014 8:35pm
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Post# 23203468
What is the objective
What is the objective
Quoted from the top of the page:
"Its primary objective is to provide stable, monthly distributions." At the end of November, after the recent crash, the board declared the "stable monthly dividend". They will do the same at the end of December and every month for the foreseeable future. There is no justification, or any indication that the regular monthly distribution will not continue for at least the next 30 months.
A few days back somebody posted that it seemed that about 25% of the units were responsible for all of the trading activity. 75% of the priority units have been held for a long time and/or acquired at ~$5. No doubt, there are a few shareholders that have panicked and sold their $5 stock at $2 because they were afraid it would go to $1, but the vast majority have not sold. Add to this year end tax loss selling and a bunch of day traders and fear mongers looking to make a quick profit and you have the same 25% of the shares being traded back and forth. Meanwhile, the dividend seekers are sitting on their 75% of the shares collecting dividends and waiting. A lot of folks , including me are accumulating at the current price to take advantage of the current 23% dividend rate.
If you bought this stock for the stated objective, today's price doesn't really matter. Just keep collecting the monthly dividend and wait. Down the road, this stock will be worth a more (and I believe, a LOT MORE) than the current $2.24 and in the meantime you will collect those "stable monthly distributions"
BB