GREY:TBTEF - Post by User
Comment by
HamSandwichon Jan 21, 2017 7:57pm
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Post# 25737974
RE:RE:RE:Stakeholders
RE:RE:RE:StakeholdersOOU812 wrote: "I feel bad for them because management was a collosall fail, but at the same time, shareholders collected dividends through Q3 & Q4 2014 and all of 2015 when they had no business doing so."
Guess who ended up footing the bill for those dividends?
Management's favorite sacrificial lambs,the deb holders.
What did the deb holders get for their sacrifice,a big 6.25%
They're about as risky as jumping out of a plane without a parachute
for the reward of a CSB.
Yeah exactly. What I mean to say was that while it sucks shareholders are going to end up with a 0, as a debenture holder I feel like they already have gotten some of my money (in the form of dividends they never should've received). So I'm not gonna shed too many tears here.
These clowns paid out dividends through 2015 and then couldn't make interest payments in 2016. Complete shambles!