RE: RE: RE: RE: RE: RE: RE: Received a Phone Call RE, I fully respect that if they are in some type of negotiations that have not reached any committed stage, that they really can not say much...but with that said there is a lot that they can say.
I assume you have been in the market for a while so you probably have seen quite a variety of press releases from companies. They put out releases to dispel market misconceptions, reconfirm commitments to pledges they made to shareholders, direction of the company at the present time etc...etc..etc.
Why is it that they can not put out a release stating their commitment to make good at some time in the future on the preferred shares? They just cut the divy and went silent. How about dispelling the belief that has been in print and circulating the boards that they will seek some type of Creditor Action? That would be a big one. They would just have to say that they have no intention or need for such a thing and financial matters are well in hand. I could go on and on but I think you get my point.
There are many things they could freely say if any of them were true....and they choose to stay silent.