Some folks just couldn't wait until Wednesday to sell, kinda disappointing, but probably a mistake IMO. The rights may not look like much now, but they could be worth something someday. Heck, the cost to get in now is so low I may have to get some more before tomorrow's close. I would still like to see more volume (not all selling), but I really think ANYI is at bottom now, and could pull off a DRIV-like rebound over X-mass.
I certainly hope ANYI gets the dividend day right tomorrow. As I understand it, shareholders at the close tomorrow get the "rights." If you sell tomorrow, or buy Thursday, no luck. But, we all know how things got screwed up with BANY, and nobody actually knew the dividend day. I remember I was bummed I missed the day, only to find out later that I hadn't because it was different that the PR.
I certainly hope ANYI gets it right, but just in case I wouldn't plan on selling for a week or two after the 29th if you want to be in on the dividend.
This plan could have been more enticing, ANYI sure needs alot more interest than this to get the price above $7. Ya gotta think they've got something else up their sleeve before November IMO, I guess we'll soon see.
BTW - anyone have any new info on what's going on with BANY? Last I heard they were going to have to do some accounting on the shell before it was purchased by BANY - to me that sounds like alot of work. |
