The problem with this is that the wording doesn't make sense; they are speaking of apples (debt-repayment to SIAF) and oranges (cash dividend)... Unless they are referring to the "I owe you convertible notes" SIAF were talking about in the last CC (well, a cash dividend would still not be the right words).
Anyone asked Peter about this? (don't think he would know, but at least he could try to find out)