RE:Saved by the bell, but what is Conifex now?Thank you for sharing this. If I could upvote you 10x I would.
The metrics on (1) cash cow are compelling. Take the power EBITDA -- $14M. If you dedicate $10M of that to a dividend, you get 21.2 cents per share. That's a super sustainable 29% yeild.
I don't think it needs to be variable either. Pension funds and the like hate that. Just pay it steady. I suspect that yeild would push up the share price (and the yeild down) to below 10%. So you'd basically triple the price to ~$2.00 overnight. But Ken probably has delusions of grandeur and don't want a 100% chance of a $2.00 share price, and would prefer 30% chance of $20 (and 70% chance of sustained market slum-dwelling as a penny stock).
Take the bird in the hand, you idiots. And pay me to wait. I despise the dead money associated with this -- I'm patent but it is sure taxing to endure.