Post by
agoldbloom on Oct 31, 2018 10:53am
Not surprising
I'm not surprised. The recent downturn helped seal the deal. I chuckled when I read the part about being one of the last small cap producers, really? There's a reason they dont exist. Perhaps your search for a dancing partner would've helped shareholders more than what management decided to do over the last year. They should've partnered with another dividend payer like SGY, TOG, WCP, CJ, etc and get into a larger asset base that's more diversified.
$0.01/month is fine for the current conditions - maybe there should be more thought put into growth or share buybacks like the others did ovver a year ago.
Comment by
geeseman on Oct 31, 2018 11:41am
Did management cut their salaries by the equalivent of the dividend. They should have cause they worth a s###. Raymond James analysist LOVED this stock at $4.00. Waiting to hear there BS as to where they go from here. Typical. GEESEMAN
Comment by
uograd on Oct 31, 2018 3:37pm
the only reason I can think of for not cutting it to zero would be so dividend funds that own it would be forced to sell out their position if there was no dividend but that is a stretch that only a black cat would be believe on halloween. I think they hope this will keep the stock above a buck.