You have been right on over the past couple of years with your warnings. I took your advice and flipped shares during that time. Still I am a bit under water with the share price. Was that you on the conference call? Mgmt. seemed to want to dance around the dividend question. I hope things do not get worse before they get better. If they get better!
Yes, it is a bad combination. But as far as the pps goes I think it is more the weak and "fearful" markets than it is the debt and dilution. If the share price drops into the fives, maybe low fives, I'll be buying like crazy. As always, just my two cents worth.