I've been in the camp that Solomon should pay the dividend, just to make good on his promise. I maintain this stance.
But, if he coupled a statement about cancelling the 2013 dividend with a declaration that no new share issuance will be needed to fund cap ex, I'd be delighted -- market too, I'd guess.
If a bond deal is put together, this would be easy, in my view.
This is one reason I asked the question about the F shares. Has a promise been made to pay 1/2 of 2013 dividend in F or G shares? If not, and still the 8% of income promise prevails in plans, a one year hiatus would pay the debts 10M shares would cost at this level. (5M anyway)
