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Post by fastwalker on Oct 16, 2004 23:15:53 GMT -5
:)More George..Burns..Commentary... What is GEMM's Float??? (theory enclosed) « Thread started on: Today at 7:06pm » <br> -------------------------------------------------------------------------------- last piece of the puzzle... no theory till then... If we find this out... we can put it all together. PPS starts to go up on Monday... perhaps. Record date on next GEMM dividend 29 Oct 04 If the MMs elect to purchase GEMM shares open market to cover their NSS of CMKX... how can they do it if the Float of GEMM is gone? MMs must cover by 29 October 04 just in time for the party. We need to know the float of GEMM? I called Chris but she was too busy with funeral and such to answer. Told me to call back Monday. Has anyone asked the float of GEMM before?
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Post by fastwalker on Oct 16, 2004 23:17:05 GMT -5
If GEMMs float is exhausted. The MMs can no longer buy shares on the open market to cover our next GEMM dividend. You saw what happend on the first dividend of 25% of the OS of GEMM. Imagine what happens on the next 24% with the FLOAT much lower now and possible ate up already with the first buy in of GEMM by the Market Makers. They are screwed. Thus, if the GEMM float is exhausted... the MMs must cover CMKX NSS by 29 october, or be on the hook for those additional GEMM shares that they can't even buy. Doh!
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