OTCPK:VGIPF - Post by User
Post by
divygodon May 11, 2013 10:05am
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Post# 21367361
Divy cut vs Asset Sale
Divy cut vs Asset SaleSo they sell hard assets that have future production capacity for 12 mil...while continuing to pay a 48 mil dividend that is OBVIOUSLY unsustainable and WILL be CUT. Cut the dividend first, spare the assets for all else fails sales. If a year after the dividend cut this is still a debt ridden mess, then yes they have no choie but to liquidate assets, at any cost. But giving them away at firesale prices to maintain a dividend while "relieving" me of 50 grand is foolish and aggravating.>