RE:RE:Update - ThoughtsAnother question about the dividend is, why suspend it now? Why be so opaque about justification? Their reasoning is really odd - the total return of capital is the same as the intended amount announced in May, so how are they "maximizing" the return of capital when it is no different to their original announcement? What does a delay in reorganization have to do with the need "to conserve cash"?
I mean, there is a lot of value here, but my goodness, whether or not they intend it, management and the BOD come across as really poor communicators and - so far - all news coming from the "unlocking of value" has actually been destructors of shareholder value. Patience is key with this one I think.