I don't see anything about this on their website. Not on their forum. Not on their blog. Why is that?
An announcement unannouncing the dividend could give the price a boost.
Seems to me their last pre-announcement declared a ratio of 97%/3% preferred to common, which would put their preferred shares (at the current price of the stock) at $1 - which was the declared price of the preferred.
One could make the argument that their announcement was a self-fulfilling prophecy, and the current share price proves it.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.