Where to now for long term investors of Telstra, page-1454

cophot paying to much in dividends is y tls's share price is 3.50 ie penn increased it from .28 cents to .31 as cfo/ceo.Then obviously when penn cut div by 30% sp followed by collapsing 30%.
Combined with penn and chairman suggesting the sky is falling in in 2020 black hole due to lower nbn margin the sp collapsed further.
Clearly penn should have never increased div from .28 cents a serious cfo/ceo mistake,otherwise had he left it at .28 imo not necessary for div cuts due to div increases and imo making a $5 share price very reasonable.
Then as if that was not bad enough penn/ mullins continue their scare campaign of the $3b black hole due to reduced nbn margin without suggesting if the reduced nbn margin will b countered by massive reduced network maintenance costs and network automation plus the $1b nbn lease payments for 30 years plus if penn is worth anything any revenue /profit increase by 2020 due to the very interesting 5g developments.
Hence y i posted i'm trying to find reasons to hold tls while penn/mullins in control imo.