RE:Gut feeling
$1 would be a good start. The loss of this dividend payout over the last 12 months has been devastating to all of us. Personally I have taken it on the chin big time and was really caught off guard by the BOD's decision to eliminate the dividend. The CEO and the rest of the Board have lost the confidence of every investor by making the moves they did. All of them disregarded the Values they established and documented in prior reports. They did not ' We always do what we say we will do" and are not "running the businesss in an ethical manner" I don't believe anything they say at this point, hopefully the OSC will take action.
Good luck no matter what you do with this stock!