I think he just wanted a way to rip money out of the company (to buy a boat???) as he knows OXX can progress without any cash commitments on most of its leases.
I will be looking to buy some when this goes ex-div.
Its good in a way for NEW BUYERS because less cash means less market cap = bigger potential for future gains, seen as they dont need the cash anyways.
Not so good for existing shareholders IMO.
special dividend, wow, thanks, page-15
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