Well, there's no news, if something horrible was going to come out, it would be said before the period between the end of the quarter and the earnings release. I think you just have to look at the volume, someone big wanted out. Possibly they had bought tons of it during the restructuring/warrant phase and have a large profit, with some other opportunity for the money. Who knows?? Seems to be leveling out.
It's no secret that they didn't have the free cash flow to cover the last distribution, so a cut is possible. Granted they did have some in their own words," one time events", that explained most of the shortfall.