Although this is generally viewed as a negativeI really think this company need to do two things in the next 24 months.
1) do a r/s of 50-100/1, and get the share price back up in the $, normally this reduces liquidity with less shares, but will help here as at current PPS, the spread of 7% and growing between the bid/ask is crippling for any momentum.
2) any profits from earnings, anything needs to be used 100% to buy back shares on the open market if the PPS drops bellow 1x sale or 20x forward earnings!
Forget about using capital to strengthen the balance sheet or make acquisitions, they have had 25 years to do this, with little success as sales growth has been slow and revenue minimal. If this company had $5,000,000 in sales a quarter of a century ago, in today’s $ that $10,000,000, and with typical industry growth TMG should be doing at least $100,000,000 in sales consistently by now. Anything less is just a total freaking failure and embarrassment IMHO! Give shareholder some hope and investors a reason to buy for Cripes Sakes Mr. Crossland!