Please show me an example where a court in essence "created" new dividends - not declared by the BOT ever - and then distributed them
My logic is very simple
Dividends are not interest payments laid out as occurring each quarter or year by contract
Dividends are decided on quarterly by the BOT
There is no right to dividends
The only rights - privileges I know of are
Common can not get one penny of dividends until every penny owed to JPS is paid. Owed means declared and not paid (where cumulative exists) or for that quarter or year
Cumulative JPS have a claim on and will receive all declared but not paid dividends past due before current quarter can be declared and paid (and then in current quarter - again - JPS must be fully paid before common get a dividend)
Would love to see an example of where dividends were created by a court where the BOT did not do so
Again - I see a MASSIVE - CONTINENT size - difference between interest on debt and equity dividends for JPS
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