I hear the baggies saying, "Well, haven't lost 'cause I haven't sold".
That theory works in the 3-5 year time span most of the time, though in many cases the pps never comes back.
Isn't this the question baggies need to ask: IF the pps drops 75% or so, can any company continue to pay a dividend, or is there zero correlation?
The BRY deal being off means nothing to die-hard LINE fans, BUT the suspension of the divi means everything. Do they need to raise cash to fund their legal defense? Or is it easier to cancel the dividend? Secondary, or no Divi, either way it means the pps will drop 75% give or take.