RE:Frustrated as how all good news evaporates.Yes, the stock has been going nowhere for over a year. Look at the share price numbers and you will see it has been doing nothing ever since the threat of share consolation was first announced in 2020 by the management around last September
People do not want to pay up for a stock that might consolidate and would then sink like a stone, as most consolidated share prices do.
Announce that a consolidation will not be done and remove the buyer's risk - then watch the price rise on quality company news like it used to before the financial engineering was proposed.
For those who think we aleady have too many shares: Do some math.
The $50 million pre-authorized unreleased new share capital is equivalent to about 150 million new shares at present prices.
At any share price that is about another 25% share dilution of existing shareholders. And who benefits? - large institutions based elsewhere. Not you, and not me.
Do the numbers yourself. Think about it calmly and analyse the numbers unemotionally before taking a position of Pro or Con consolidation.
Revenue and profits will raise our share value; that is coming in 2022.
I say to all of us who are frustrated with a feeble shareprice: Good luck to long term patient investors, the price will rise in 2022: bah humbug to financial gimmicks that will crash it down afterwards!
2022 should be a very good year for this company and for our holdings in it, providing we are careful.
xxx