"If he is unable to do a cash dividend then he should at least do a minor TRW-dividend and announce the date NOW. Check with their lawyers whether they are allowed to do a regular TRW-dividend (I can't see why that should be any different that a regular cash-dividend regarding manipulating the PPS). Split the 18.3% into 18 quarters if needed, that's still 10 cents or whatnot at the current dilution. "
It is a good idea, but he iterated some excuses already.
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