Take a step back and analyze this for a second. There are so MANY ways of breaking down Conway's thoughts about offering this dividend, and how totally screwed up it is, but... here's my biggest:
Conway issues a dividend (whether or not he allocates it to longer-longs, or to everyone equitably). Okay, cool. Where would the cash for this dividend come from? Either selling shares or issuing convertible debt, correct? So, just use this an example: LIBE pays you a grand total of a dollar as a dividend (hypothetical...). If it were from convertible debt, given the recent terms the clown has been taking, that loan would mature and then dilute approximately $1.50 of shareholder value.
You literally just agreed, and the dipwad CEO just proposed, that taking a dividend from a non-revenue generating company makes financial sense to you: the shareholder. What alternate universe is this a sound financial decision?
Furthermore, didn't Conwad propose a dividend at least a year ago? Anyone still holding their breath for that one???
Conwad's Facebook tirade can't get any dumber. I really didn't think this situation could get much worse, but it has repeatedly stumped me.
No, I'm not a paid basher - just here to watch the devastation of one company. If you are willing to pay me for my efforts, please DM me with details and contact info. Disclaimer: stay the heck away from anything related to Conway.
AI
