The thing is, they have already failed if they don't give out the cash before this year end, otherwise, it's a Q1 dividend.
It's kinda funny, if these guys didn't have any business then they wouldn't have had any problem to give out a dividend of 5 cents (which is only 2 million dollar), after all, they diluted the company with like 20 million shares this year.
I am staying away from this company at the moment. I don't think they will deliver on the cash dividend, what I am afraid of is more dilution and if they're getting kicked out from Merkur. There are some powerful people in Norway that are very upset how Solomon has been running the company.
A dividend of 5 cents for the next 11 months(?) wouldn't change that much at the moment, a 15 cent spike in the chart, yes probably, but we need to know that the cash flow will be stable going forward and that Solomon will keep his financials under control. If this was a private company they would have been going under 9 years ago, and basically almost every year since then, but he's been using his shareholders as an ATM.
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