Regal Partners Ltd V.RPL

RE: RE: RE: RE: Thinking aloud

[InvestorSuperfan]

I agree with tinman. Great managers admit when they make mistakes. Insecure ones make excuses and are afraid to change policy because they are worried about looking bad. Heck, Warren Buffett admits his mistakes to his shareholders (even though he doesn't make many). If investors see you're leveling with them, explain why a change of course is in the best interest of shareholders, and present a clear plan going forward, I believe it is preferable than insisting that the dividend move was a good one. Now, if maintenance of some sort of dividend is the optimal route, fine, keep a dividend - it's not an either/or choice - the dividend could be cut by say 50%, thus providing some savings to pay down debt while still putting some money into shareholders' pockets each month. I want honesty and clarity - Renegade management needs to do the right thing - if they blow this because of pride or insecurity, who knows what shareholders will have left in the end.....?.