$.49 per share cash position?Am I correct in seeing that IFR had ~$.49 per share in cash at the end of last quarter - and is now trading at .56X its cash position?!?!
Lowest price to cash ratio on the Venture from what I can gather...
First time I've ever looked into this company - doesn't look like the market has much confidence in it (understatement of the year).
Might be worth a gamble as a distressed asset value play though, no??
Will need to do more digging first though....
What is their typical cash burn per quarter??