we can sue and force the issue where medi swipe F'd up is they declared the dividend which gave us the power as their "creditor" to call in the note
"It is important to note that once the dividend has been “declared” the dividend is now considered a debt of the corporation and it must be paid in the same way that the corporation would need to pay its suppliers. Prior to declaration, shareholders have no right to sue for the dividend, but upon declaration, they become creditors of the corporation and may sue if the company subsequently fails to pay the dividend. See Bryan v. Aikin, 86 A. 674 (Del. Sup. Ct. 1913).
1. Once it is authorized, the dividend is known as a declared dividend and it becomes the company's legal liability to pay it.
2. The declaration date of all listed stock options in the U.S. is on the third Friday of the listed month. If there is a holiday on the Friday, the declaration date falls on the third Thursday.
Definition of 'Declaration Date'
1. The date on which the next dividend payment is announced by the directors of a company. This statement includes the dividend's size, ex-dividend date and payment date. It is also referred to as the "announcement date".
2. The last day on which the holder of an option must indicate whether he or she will exercise the option. Also known as the "expiration date."
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plain and simple the reason a company announces a dividend yet fails to pay it is because it is suffering too much loss and over head so putting off the pay out keeps that money freed up which is another way of saying there is no money to pay for the 800c dividend or they would have done so. This is a real consideration as it appears their may not be anything to recover down the road.
maybe I should do nothing, let them bilk me out of the money they need to fund their BS and then re-name the company and start over down the road. Letting them off the hook for the Divi is a huge mistake everyone involved will regret.
