Let's Change the PaceI don't want to be involved in the usual cat fights and drunken ramblings.
Rozier and Cohen sold their interests in Remington recently, and my research shows that at least Rozier is not involved in any other shells or juniors with low shares o/s. This may change, but RGM was a nicely structured low shares o/s shell that insiders owned 50% of, and they literally walked away from it for pennies per share.
Since the company insiders continue to soak NWX for an unreasonable level of overhead to manage the 4 checks received annually, it would appear that there is only going to be about C$3m in net cash flow after income taxes and excessive overhead per anum. I do not see another dividend for at least a year--the cash isn't there, and I don't see oil prices rising enough to change that C$3m to a higher amount.
What's going to drive the share price, C$3m a year in net cash flow?