My understanding is PSN applied (to the TSX?) for permission to adopt a DRIP, but have not received approval.
If Poseidon could get their DRIP approved ASAP, they could issue shares and save on the cash required for dividends.
I'd be OK if they even did this fast enough to pay the delayed Jan 15th dividend with shares, but that's likely not possible retroactively.
Any ideas out there as to why Poseidon has not received approval to implement a DRIP?