OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Oct 11, 2016 10:19pm
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Post# 25333324
RE:Dividend change
RE:Dividend changeNewstock44,
Something tells me that they knew they were raising the equity before the dividend announcement.
-Dividend announcement was August 30th
-New shares October 6th
So ~37 days between announcements => leads me to condude this was planned. Plus the legal documents need to be created and reviewed, investors lined up, etc.
I do not believe the dividend will be diluted as the share, if so, I guess I will get the same amount (instead of more).
If the dividend is diluted, then (IMO) the plan was to dilute it the entire time.
Bold Forbes