No, the original plan was to get a debt instrument payable in stock or cash in June, 2014.
Then, they ran into legal procedural problems. They found a solution and today announced the plan. It's unequivocally good. Better than yesterday.
I didn't expect any great share reaction because the fundamentals and the share action are simply nor connected. At some point they will be, or I made a bad bet.
The company goes through all these efforts and gets some of these idiotic reactions from people who don't have a clue what the dividend situation has been (not you TF), even though it's explained just about every quarter.