Thanks for the feedback. I agree that the writing was on the wall that a special dividend was forthcoming after the debt covenants were lifted.
I just did not think the market had already fully adjusted to a mention that the company intended to accumulate cash to pay a future special dividend up to a certain amount, contingent upon board approval. Additionally, I expected more movement with the future ex-dividend date. I thought it may bring new investors to the table & offer a window for some shorts to fill.