AHM - this ought to be good for Monday

PR released at 10:19pm on a Friday night canceling the dividend on the day it was to be paid! Wow that spells trouble....

edit:
Checking the yahoo message board, this thing is a bloody mess. Apparently, brokers assumed it was going to be paid and already credited/debited everyone's account who were long/short. What a headache this one will be today..

 

Its down over 4 dollars in the pre-market.

 

Anybody buy below $6 in pre-market. Short covering to $6.75 by open.

 

Whats up with this? the stock hasnt moved an inch since the open. Anyone else getting that?

 

Yep, shows it hasn't moved.

 

Halted since 9:15:36am according to NasdaqTrader:

http://www.nasdaqtrader.com/asp/TradeHaltShowPage.asp

 

lent to toothless vermin

 

Trading halted for 2nd day in a row, pending news.

Also, since the divvy was due on Friday, some brokers had already credited their customers accounts.

What a mess.

 

If the Board declared the dividend they have a legal obligation to pay it. Or...they could file Chapter 11....

 

All done.....no fundings......after RDN and MTG today, this co is likely going Ch 11