RE: RE: RE: RE: RE: Banks are very selfish."stopping the divs on the prefs is suicidal, unless bankruptcy protection is imminent. Prefs are owned primarily by the same folks as the bonds -- institutions and big funds. Cancellation of their divs, while not technically a default, would be seen as such by everyone. The bonds (which have been creeping back up slowly) would dive along with all shares."
Your statement would make sense if YLO was trading about 3-4$. At this point when the SP close to 0$ and the Co was flashed down the toilet nothing can hurt them anymore. The question now is if this pig can survive or not. How can they survive? Only by paying down their huge debt. So they will need all available cash and if you talking about reputation and big boys commitment forget it. It's been already lost. Look at the SP.