What page in the 10K does it talk about this? Or how/where did you get this $29M number from? And if you're talking about making a cash dividend announcement in the coming weeks I agree they should and likely will, but not the actual payout. $.10 cents would be great but sounds high to me, but you're right it would only be for two quarters in 2018 and they'll have much better cash flow in 2019 so maybe not. I think even $.05/quarter would get the job done. I'd default to your estimate though.
And I just can't see us at a $3-$4 share price with a $.40 cent dividend...Almost every ex shareholder would rush back in, not to mention new institutions. People who would look at the company for the first time and see that it has moved from .40 cents to $4 would still buy it because there would be no fear of fraud, just an undervalued company paying a cash dividend (with plans to increase each year) to prove their cash flow that has strong upward price momentum and is still heavily discounted from its audited book value. Many people still think this will be a steady climb to $20 (for those that even believe we'll get there) but I truly believe it'll be a very aggressive move. FOMO (fear of missing out) will hit hard.
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