Empty; Yes, they may very well be under the gun now - especially since they chose to do it this way (well, the PR isn't out yet). They should have been able to declare a dividend now, they would still have had a few months until they had to start paying.
This is either yet another huge carrot out of desperation, and/or a clear sign of how confident they are about the TRW-loan (or similar).
However, if we now get the F-1 filing and/or TRW-loan, then we're REALLY set for a magnificient rally!