MPVDs biggest problem is cash flowThe buyers know this
MPV cannot hold back diamonds if they feel the price is low.
For that
The handcuffed themselves by paying a dividend when
A) paying off the debt meant interest savings
B) Retaining debt left MPV vulberable to the bidders of the diamonds.
Everyone has to to remember this is not gold or silver or copper. Diamond value is totally arbitrary.
For this it is neccessary for a seller to be able to say "not good enough" and put the diamonds back in the vault.
Brown knows this and then institutes a dividend to keep us handcuffed to the bidders.
A friend of mine who never finished high school, owned and ran a very profitable company. Retiring in his early 50s knows this about business.
Then again, maybe it is because he never attended the DOTARDIAN school of economics.
What happens if MPVD gets bought out by DD. The very first thing?????????
The debt disappears. Then MPVD can be more selective in what they accept for their diamonds.
THINK ABOUT IT!!!!!!!!!!!!!!!!!!!!!!!!!