"if they dump after divi then they should be fine"dump to who?...

"if they dump after divi then they should be fine"

dump to who? the market is currently indicating that the equity is worthless and that the only value is from the upcoming distribution. what makes you think the market will buy it if they have an obligation to pay $1 for what may end up trading for less than that amount? where are these buyers going to come from to pay $1 for less than $1 worth of equity? unless you subscribe to the 'bigger idiot' theory, but I suspect that most idiots have lost all of their money already