RE: quesitons for lou331?Concerning your reference to the December mess up, can I assume you are referring to the proposed tax shelter?? If so, was it not a blessing in disguise that that deal fell through? It would have resulted in a massive dilution for the current shareholders. It may well prove prudent to maintain a total debt situation, refuse to dilute the already large shareholding further and to impose a discipline to retire a portion of the debt each quarter now that the company is totally profitable.
If it takes management a few more weeks to figure this out then are we not prepared as shareholders to allow them to find the best solution? It would certainly be advantage to all if this matter were resolved before the agm on June 21.
Interesting volume now and the two bids for 85000 shares at .16 might demonstrate that there is no cheap and underpriced stock to be had.