Chesapeake Energy Corp (CHK)

[LouisDesyjr]

Use of cash on Preferred Dividends

It seems with all of the recent problems, and 'near death' that the company was, they would be better off using the cash for something else besides paying preferred dividends.

It is possible that the reason for the preferred payments are that all of the arrears need to be paid up before they do something else?

Louis J. Desy Jr.