Question for the board Question for the board.
First assumption is that cash is paid out.
Second assumption is $32,000,000 is the cash amount to be paid(dubious at the rate they burn through it).
This works out at no more than $0.15 per share. What happens to the share price after cash is paid?
I believe it will plummet as only the cash is sustaining this share price.
What is the use of holding for the dividend only to find share price has dropped to next to nothing? If share price remained at about $0.12 and a dividend was paid then it all makes sense, but no way the share price without the cash can be sustained.
Just some thoughts while pondering selling my shares now rather than later.
Jim K