EXTREMELY POOR view of management in the marketplaceThe current price is reflective of the EXTREMELY POOR view of management in the marketplace today!
The company has $42,000,000 dollars in CASH
The company is trading at a value of about $22-27 million depending on the day.
Even an incompetent management would be trading @ $1.60 CASH value of the company.
Western Potash Trades @ 2x cash - for KRN it would $3.20.
Who is kidding who? Karnalyte is the only management in the world that I am aware of that could actually think they are doing a great job if they get $2 a share.
$30 million dollars for $42 million dolars.That is a great deal.
This "$700,000,000 million dolar deal" for a mangement that can not get the stock price above CASH value? Let alone x2 CASH value of it's nearest equal.
Oh yeah I am quite sure the companies are lining up out the door at the KRN office. They are battering down the halways screaming to get invloved with these bunch of people.