Post by fastwalker on Oct 19, 2004 12:31:00 GMT -5
:)Posted by: prospector777
In reply to: None Date:10/19/2004 12:14:49 PM
Post #of 18576
FOLKS, this is what WE SHOULD be taking a look at... Posted by: hoby111
In reply to: watch the birdie who wrote msg# 18514 Date:10/19/2004 11:06:20 AM
Post #of 18562
birdie, re: CIM ratio thoughts...
40B / .0256 = 1.5625T, which incidentally is almost exactly twice the number of shares in a projected OS as the ratio for the UCAD dividend paid (7.5M / .00000962 = 780B, where 780B*2 = 1.56T). As such, I have speculated that we are only being paid 1/2 the total number of shares (ie, 20B) now, and will receive the other half later. Why this would be, I have no idea. Another possibility is that there is a total of 1.562T shares floating around in the market, both legitimate and naked short shares, and that the dividend was distributed to all, but will later be reconciled once the NSS dilemma is resolved (NOTE: the assumption of the latter option is that the MMs would be able to cover the shorts on the UCAD dividend by buying UCAD on the open market, but since CIM is private, this is not an option for them).
In reply to: None Date:10/19/2004 12:14:49 PM
Post #of 18576
FOLKS, this is what WE SHOULD be taking a look at... Posted by: hoby111
In reply to: watch the birdie who wrote msg# 18514 Date:10/19/2004 11:06:20 AM
Post #of 18562
birdie, re: CIM ratio thoughts...
40B / .0256 = 1.5625T, which incidentally is almost exactly twice the number of shares in a projected OS as the ratio for the UCAD dividend paid (7.5M / .00000962 = 780B, where 780B*2 = 1.56T). As such, I have speculated that we are only being paid 1/2 the total number of shares (ie, 20B) now, and will receive the other half later. Why this would be, I have no idea. Another possibility is that there is a total of 1.562T shares floating around in the market, both legitimate and naked short shares, and that the dividend was distributed to all, but will later be reconciled once the NSS dilemma is resolved (NOTE: the assumption of the latter option is that the MMs would be able to cover the shorts on the UCAD dividend by buying UCAD on the open market, but since CIM is private, this is not an option for them).
