Rsh... disagree on your dividend reasoning on a few fronts.First and foremost is that by 2014, we should be a very reasonably sized junior, and if you do your research on which other companies are paying a dividend, you will see my rationale is not far fetched. Reverse stock splits almost always cause pain in terms of the price after the RB versus the price pre roll back, so Im again any idea of a rollback. I dont believe it will attract the amount of new investors versus simply installing a dividend, and bringing that type in our radar. And by the way, dividends are not a way of money, they are a return of capital to the owners of the company.
Take a look at some of the few oils in Columbia (outside of PRE) and then tell me about their institutional ownership. We already have some of that here, simply check out the appropriate
databases.. Time brings risk... and every investor has their own time frame for what they want to
do with their shares and on what particular terms.... Sure a take out might happen, then again, perhaps it might not.... No one counts on that, but it might be a nice surprise if it did.... DIvidends coupled with improving RLI and conservativism (to a reasonable degree) should serve us very
well, no matter what your time frame... Have a nice day.