Besides being a horses #$%$, you are either a CTL Exec or one of their bankers.
We loss 22% of our investment today to buy back debt at low interest???? Total Stupidity.
It makes no sense to cut the dividend and buy back stock, it will only provide an artifical bump because you have also destroyed CTL's credibility with investors, the street, and the 16 Analysts who had a buy on this company.
It will be years before many PMs look at this stock again, unless you change management.