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if not a dividend it was some other mechanism that they used to wipe out the "profit" on the year in a way that enriched him directly. we'd been getting monthly emails showing the company wide progress on the bonuses and were well over the upper limit on the final update, then they issued the financials and basically said oh well better luck next time and we all got a £30 gift card or something just as shit instead.
Not disagreeing with the first bit, but a surely a stock dividend doesn't have any intrinsic value, it just dilutes share capital?