OTCPK:VGIPF - Post by User
Post by
seasonedinvestor48on Apr 11, 2013 11:30am
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Post# 21241754
Spooked markets
Spooked markets If the facts released in the Year end release of march 21, there will be no divi cut. But with atp, je in the last few months, posedien in the last six months, the markets are very afraid. Just look at the posts on this board, scared sh*tless. Do not think for one minute that money mangers are immune to there emotions. They get scared sh#tless just like the rest. So unless production has fallen due to higher decline rates, no need to cut divi.
As far as the banks, the covenients are based on EBIDA, and not share price.