Jetmek,
You’re calling for “put up or shut up”—but that’s exactly what a preferred share dividend does. It’s the cleanest, most elegant form of “put up” that exists in these situations.
It doesn’t require screaming from the rooftops or pleading with the CEO. It simply sets a record date, and the system has to reconcile beneficial ownership. That’s it.
If every share is accounted for, no problem—no one’s harmed. But if synthetic or unsettled shares are hiding in the plumbing, that’s when they get exposed.
So yes, the idea has been shared with management. Whether they move on it is their call. But dismissing the entire concept because “nothing’s happened yet” is like saying fire drills are pointless because the building hasn't burned down.
We’re not here to prove a negative. We’re here to set a mechanism in motion that proves one way or another. That is putting up. And if there’s nothing to find, I’ll happily shut up.
—Krombacher
Market Data 
Markets 
