I guess they meant the Shorts.
Why can't anyone on this Board understand that SDRL Management made public statements that they will pay the current dividend through 2015. If they reneg than they will be subject to shareholder lawsuits from holders of record who suffer damages from SP losses as a result.
Management made public statements that they could not cut the dividend through 2015. These were material facts that investors relied upon in their decision to buy or sell the stock. If they subsequently reneg and cut the dividend and the SP drops as a result then I don't see how shareholders of record don't have grounds for a suit. Am I wrong about that?
I can see shareholder suits if they cut the dividend after publicly stating that they will be maintaining the $1 Dividend through 2015.
Based on the company statements if they cut the dividend they would be subject to shareholder suits. You don't put it on the record that your going to maintain the dividend as such and then pull the rug on it.
I am getting concerned about a prior transaction selling Jan 2015 Puts ($18 Strike) coming back to me. They show another miss and cut the dividend in half this stock could drop like a rock.
Same old, same old. The Market is up bigtime and ACAS is doing basically nothing. Boggles your mind. At least mine it does.
Your thinking just doesn't make sense. You would risk 1/2 of your principal for the sake of a dividend? With an Annuity you are guaranteed an income for life and a residual payoff to beneficiaries. And if ARR should sink to $2 a share I would think the dividend would have been suspended.
$14.66 is the Close before the announcement of Earnings and the Restructuring. We've already touched it today. Didn't think it would retrace 100%.