Rick, you guys obviously know more about the workings of the industry than I do. However, I think world markets had a lot more to do with the problems of 2008/2009 than any tinkering with royalties. Didn't notice much difference in my dividends so they couldn't be hurting too bad. Poor Ed Stemach is the whipping boy/lightning rod because of poor timing, bad luck and political motives versus any bad decisions.
Regards Mike