Selling says it will be cut or suspended on Monday?????
no selling says people are afraid and do not trust management . not willing to gamble on what they tell us monday or tuesday
Next week they're either gonna tell us there's gonna be a buyout or a divy cut and maybe name the new CEO as well while they're at it....THAT'S ALL FOLKS!!
Why would they cut or suspend it if there's gonna be a buyout? Kind of a moot point...wouldn't ya say?
Debt covenant with Invesco says they at least must cut the dividend. Only question is whether Wilbur Ross renegotiated the $50M annual limit to accommodate additional shares issued in rights offering and preclude a cut or suspension.
Dont count on it.