Call me a cynic but a step up is a bit of a moot point if you're not paying divis.
We all know that the divis are at the discretion of the BOD, so why not look at this quarter to quarter instead of announcing a 2 year suspension?
It sounds like this was put on the table as part of the debt re-negotiation. What I don't understand is why, if they are getting paid and ELD is trading within it's covenants, do the debt holders give a tinkers cuss whether or not PA or the Ords get paid a dividend?????
Hold PA
hybrid divis - why suspend for 2 years?, page-4
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