RE: RE: Peking duck launly.HotRockBug: "Here's another thought - all that cash they keep on hand "in case theyneed to pay the taxes" each year in the event the BVIs have not....well,
Once they audit they have in fact, paid - turn that amount over immediately in full as dividends to shareolders.
"oh we can't do that, cause quack quack quack"
WhatI give them credit for - is the ability to pull the wool over investorswho do not question, and now some even DEFEND - this
businessmodel.
Lunacy.
It's a big vat of the boiled frog syndrome, and someone (CB) finally turned up the heat too fast."
You obviously haven't been paying much attention these days. Let me say it again:
The company cannot pay out a dividend because it is the bondholder's agreement that they can not.
The lunacy is all yours, my friend.