HWO message to shareholdersBit of cynical, semi (or not really) comical take:
High Arctic latest Press Release:
To our dear shareholders,
Because you are resisting our "value enhancing" proposal to spin off the company's most valued assets into a private company over which you have no control, will not be publicly traded, is a non liquid entity, and will be located in a third world country half way around the globe,
we are cancelling your montly dividend, even though we have tons of cash and massive cash flow at this time. To penalize you even further, we are instating wording that brings the capital return to share holders into question, rebrading it as a "maximum" amount, implying it may be lower, and implying that none of the strong current cash flow generation is being considered for return to share holders.
We recommend all share holders kindly bend over and take it, or we will use all the powers vested within us to make your lives miserable.
Sincerely,
Your cherished board of directors
High Arctic