i feel cheated, page-4

IMHO, companies have no mandatory obligation to provide a dividend unless a a declaration day is provided to shareholders where on this day, a liability is created and the company records that liability on its books - it then owes the money to the stockholders.

CQU had the intention to provide a 2c dividend but withdrew the intention today. Blue chips that offer dividends are most often companies that have progressed beyond the growth phase, and no longer benefit sufficiently by reinvesting their profits.

Check the ASX 50.

IMO, CQU made an error to include the intention of a 2c dividend since their intitial downgrades - not smart and perhaps even unethical, but IMO, you have little redress. They amended their EBITDA and should have amended the forecasted 2c dividend - they are young.

IMO, the company was never going to allocate monies to investors via a dividend due to the debt to the ANZ and diminshing profitability since listing.

Just maybe, they were being a tad optimistic, but their business is marketing so perhaps it is no surprise.

Forecasting is different to reality.