RE: RE: Message to ManagementHi Wes:
I think your argument is unfair.
If any of us has the required knowledge of knowing how much dividend SMF can pay, or how many shares it can buy back we should be running the company by now. As shareholders we are merely pointing out things that the company could consider to protect our interest. After all, these are the proven things that other companies have done to enhance share price.
Who knows, the company can always come back and say if we spend that money now we may have to go to the market for money later and that would dilute shareholder interest. That should shut up a lot of those suggestions. If you have done the math may be you can get a job with the company and look after our interest from within. LOL.
Anyway, the fact remains that SMF's SP has been under attack since November last year when the number of shares shorted started to climb to an alarming rate - from 9 millions to about 11 millions then I believe. Lasalle laughed at it at the time saying that these shorters would have more shares to cover later on [I still have that reply e-mail to stating something to that effect].
Well, now at 22 million shorted shares the joke is on the company.
Wes, you're a lot braver man than most of us. I would not buy a single SMF share now because I don't know how much less it could worth tomorrow. There is no fundamentals at work here any more. I sold my 25,000 SMF share portfolio down to 10,000 for exactly that reason.