Mart Resources Inc MAUXF

RE:Looks like I was right

[nihilist]

so.  The dividend and the loan are directly connected, in that mart needed the loan to pay the dividend.   The  bank had the power to 'let Wade pay" the dividend, or to block it. These are your presumptions.   then the bank, what,  agreed to the loan because they knew Mart needed it to pay the dividend?  this makes sense to you?  why would the bank execute the loan facility if mart was going to pay a dividend they otherwise could not pay because they were illiquid?  it doesn't make any sense at all.  if mart needed the loan for the dividend, that would have been an untenable situation for the bank and if they had the power over Wade that you suggest, they would have exercised that power to prevent Wade from pisssing away the loan facility.  Or they would not have executed the loan agreement. 

The only sensible conclusion is that the loan and dividend decision are linked only in the temporal sense, ie, they occurred around the same time.  Mart did not need the loan facility to meet the dividend.