Who said anything about July 15? IMO the company has until the end of 2011 to meet its cash dividend commitment. If they can use the $570,000 (total dividend payout) or so dollars in the interim for capex, then so be it. That will go a lot farther on the bottom line and subsequent PPS than the $100 I'll get in the meantime. Give me a 5 cent PPS appreciation versus a 1 cent dividend, anytime.