RE: Cutting Pref's Dividend = More Debt paid
Cutting the preferred dividends WON'T happen unless YLO is really cash strapped, which they are not. Yes, they have debt, but the preferred shares ARE DEBT....the lowest form of debt. The dividend is based on the original issue price, $25 for both the A & B series. The preferred share as such, have no voting rights.
And I am telling you, if they 'default' or on the dividends payments, then the common shares would go to a single penny.
So, cut the BS about cutting the pref share dividends. WON'T HAPPEN !!!
mNm