Yes - the price will drop on ex divi day. However, thats in september and price SHOULD rise before then. Then drop on the day and re-rise. I cant see it dropping 50% though. But wtfdik?
Catch is usually on ex divi the price drops by the divi - however that would be a 50% drop. My bet is it will slowly rise by the divi up to september then drop on ex divi day. So buy now - sit til day before ex divi - sell - then buy back on ex divi post drop! ;)
Wonder where it will open. Director resigned as well though which may temper the rise but divi isnt til september. Hmmm. Tempted here for a quick trade today. If I had funds... same as COMS - Could have made lots there but had no damn funds! I keep finding the good ones but dont have play money until the one Im in gets its damn RNS!