The way you bow and worship him, I'm guessing your real name is Steve Letwin. Mr. Letwin has cost me a lot of money by ending the dividend payment while still paying himself handsomely. Yes, heads should roll. I invested in a strong company with a nice balance sheet and Steve Letwin has pulled the carpet out from under me and left me with a large bump on my head.
Letwin's response sounds like that of a typical liar. "I'm shocked that you would say that" when he knows full well that he has zero intention of using the money to buy back debt. Ugh, I'm glad I'm only a small time shareholder, but I feel sorry for those of you that own 10's of thousands of shares, I really do.
This company should be trading at around $70 to $80 a share, if I had more money I'd put it right here, right now. The market is playing with investors fears, but smart investors know there is nothing to be afraid of here. We'll see $50 a share soon enough and then $60 soon after. Once oil bottoms (if it hasn't already) it will turn and shoot back up over $100 a barrel like a rocket.