RD "We can conclude one thing for certain. Those plantations are gone... Sure thing. Now, this would truly be a very troubling development for the BOD (and for us) usually... weren't it for the fact that it has probably already been settled. A year ago. Possibly 2 years ago.
And it seems pretty plausible that there is a direct relationship between the preferred shares and the settlement (money). IMO."
What seems a bit strange to me if your interpretation is correct is that the preferred shares were not created before and before the other stock dividend t hat was promised a long tima ago now.