Rhombus Corp. is a rapidly growing company that just experienced a very profitable quarter. The company's board of directors has decided not to pay dividends to common stockholders. This suggests that:

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The decision not to pay dividends suggests that the board has decided to reinvest the earnings in order to finance growth of the company. This is a common strategy used by companies that are rapidly growing and want to use their profits to expand their operations rather than distribute them to shareholders. It does not necessarily violate any obligations or laws, and preferred stockholders may still or may not receive dividends depending on their specific terms.