Issuing more debt to pay a dividend, please people tell me your not that stupid!!!! What do you really think you are going to get from this stock? Absolutely nothing! The CFO keeps kicking the can down the road, yeah he has saved a few dollars here and there by being creative with debt restructuring but in the long run you never see another dividend unless more debt is added. Maybe they should be a tad more creative, by closing down a few marginal clubs, voluntary pay reductions for CEO, CFO, COO and General Counsel (increased 50% over the last 5 years) nice return for absolutley nothing in return. They may be too much pain for one to endure. Keep investing in this POS!!!