RE:RE:C'Mon Jeff......Pick up that phone....robert141 wrote
"It's not "out of his hands" cut the divi and Bir can work on the small debt left and put themselves in a reasonable position going forward."
Well robert you say pOtatoe and i say potAtoe ..........I was proven right when i was arguing with you guys on the Crew forum about a year ago, where most believed the stock was severely undervalued and worth 2X or 3X the prices it is currently trading and i said NO WAY it's not even close...it was failry valued........i was 100% correct there and will be here also. So far up to now. i've been right on everything here....so.....you cannot afford to dismiss whay i say. Esecially if you're long term s/h here.
With that said, you are aprtially right that "currently" it is still somewhat in the control or in the hands of Jeff & comapny. BUT.......if NG prices continue to stay this low and they continue paying out that "over generous" divvy ...in time.....it WILL NOT be in their hands anymore. And that i'll guarantee 1000% and bet the farm on it. And just to be clear.... EVEN if they cut the divvy completely.......it does NOT absolve them of their "problems".......it only buys them MORE time to decide what to do next to improve their situation or find a viable solution. And for me the ONLY viable options left are selling out to a larger entity or a merger of equals.
"I've said for over a year when I left that the divi was nuts and Jeff's ego got in the way of good business practice given an NG price that they couldn't see coming."
Not only nutts......but totally arrogant and self serving. Jeff's EGO is only part of the problem, as i don't beleive they are THAT stupid not to see the harm it's causing. There must be other issues behind the scene, that we are not aware of WHY they are so resistant to cutting the divvy. I'm guessing it MAY BE some problems or some promises made to some VIP investors-s/h with the payout and they dont't want to take the hit on the stock price. Could also be they are in-the-process of discussions of selling the company......so it's a moot point in the end in terms of cutting. Who knows.....
What i do know though, is that pressure will be building up on several fronts, especially from the VIP s/h and trying to get financngs at decent terms. And once that gets to the boling point, they will be forced to act whether they like it or not. So like i said, better to be pro-active and nip-it-in-the-bud.....so to speak.....than to wait till the very last moment and be forced to do things you don't want to...........So i'll say it again......CUT the divvy ASAP as it will buy them time, especially if their not willing to sellout........BUT selling out or merging may be the s/h BEST possible outcome in the longer term...
GLTA