RAIT Financial Trust (fka RASFQ)

[Chronic The Hemp Hog]

I am new to this stock and just starting my research. I found the following except from the last conference call on November 2nd.

"As to dividends and RAIT's common and preferred securities, the board considered a variety of factors during its evaluation of the third quarter common dividend. After an evaluation of current facts and circumstances, the board made the difficult decision to spend the quarterly common dividend. The board felt that it was important to enhance RAIT's financial flexibility as the transition continues. The board expects to consider whether to reinstate dividend on RAIT's common shares after RAIT completes strategic transformation and exploration of strategic and financing -- and financial alternatives. The board also declared fourth quarter preferred stock dividends in the normal course."

Wouldn't you think that if the company was going BK that they would not even consider a common dividend? Like it wouldn't even be a "difficult decision."

For the record I have no position in RAS yet but am looking into building one soon.