The problem is Galaxians hate dividends to death. And management is loving it as that puts any pressure off their head and shoulders. If I was a big investor, I’d be demanding a share of that Posco windfall (after all shareholders are part owners of whatever asset and money the company owns) rather than let the shorters continue to make dirty money. AT and co shouldn’t have the full prerogative about what to do with that money, they’re being paid to do their job, they’d have to respond and consider a reasonable return to shareholders and not shorters.
People here have seen all before what’s possible when the shorters took this all the way $1.53 with a Niagara Falls-like, a deluge of shares being sold. They’ll take it to whatever price they’d want, they’re in control, you’d be naive to ignore the vital signs.
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The problem is Galaxians hate dividends to death. And management...
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