Others here have said that they have owned stocks where the announced dividends distribution had been cancelled.
Where the company explained that at the time they announced (or pre-announced), that they fully intended to make the distribution. And that SUBSEQUENT financial events made it impossible to do so. In other words, that they had acted in Good Faith.
It's a crime of intent to mislead. Why, because they know they had zero cash revenue and could not remain a going concern without finding money. Then they say there going to pay .01 div. for the sole reason of selling shares. Then to cover it all up they added a note in the 10-k that they planned to sell shares. Will dividend come no!!! Will this fall, yes!!!