Consolidation & buyback are just formalitiesThe stock is very very cheap here !
they are not going to do the consolidation for all you out there that think they will !!
they will also not buy back share !! These are just formalities !! They have to get the approval of the shareholders @ the AGM so in the future if they see it fit for any reason they would go ahead without having to call for another shareholder meeting for an approval.
Consolidation right now would be worthless !
althougj I would love them to buyback shares, but in this environment having cash on hand is crucial. If they had a 100 million dollar line of credit with a decent interest rate then definitely the back back would be extremely lucrative & they wouldn't have the issues of a cash squeeze.
I would rather see PTA now go to 0.10 then stay in this area. Would probably sell my car to buy more then.
just expressing my frustration here with the stock performance!!
GLTA