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UDHC - Divi Covering Run Coming Soon...
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[QUOTE]Originally posted by BooDog: [QB] I've seen this explained for what they expect, to me it is just a gamble play and good for the flips. [QUOTE]Posted by: Dr Wonderful Date: Thursday, May 22, 2008 1:52:03 PM In reply to: None Post # of 51665 [qb] Timeline for Newbies/Others: People mistakenly thought that the squeeze would happen right after the symbol change. Here is the reality: - The company must contact the T/A with the correct share number. - The T/A will contact the brokers informing them of the mistake and the parameters within which it happened. - The brokers will then review shareholders accounts of UDHC, and those that were mistakenly given divi shares will fall into two catagories: 1: Those that didn't sell; those shares will be negated from the accounts. 2: Those that sold; they will be contacted to buy back the shares or face forced covering. The first part has not happened yet, Clay PR'd that this will happen after the Securenet View exchange is completed on 5/30. Then his attorneys will contact the T/A, I imagine around 6/2. The T/A will contact the brokers that week, who knows how long it will take some of them to review accounts, but should not be more than a few days. In my estimation brokers will begin contact people around 6/9, with the forced covering coming around 6/12 or possibly the week of 6/16. So I say flip at will, you have about a week, lol, but make sure you have some shares after 5/30 just in case things happen faster than I think. We will also know how much damage has been done once we get the numbers from Clay. If only 1 million need to be covered, well we ain't runnin' nowhere or at least only to .13 again... If that number is upwards of 10 million we could easily squeeze over 50 cents. Anyway I hope this clears things up a bit. ------------------------------------------ [/qb][/QUOTE] [/QB][/QUOTE]
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